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Andrew Henderson

Founder of Nomad Capitalist and the world’s most sought-after expert on global citizenship.

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Living in the “Third World”: It’s Better Than You Think

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This article discusses the third world and why living there is far better than it’s portrayed.

For once, the world is changing. Investors and entrepreneurs are moving toward Asia to enjoy all the perks and opportunities there. In contrast, the West is increasing regulations and taxes.

In essence, the third world is thriving. With holistic offshore planning, you, too, can come to appreciate all that this region has to offer.If you want to discuss or plan your life in Asian or African countries, set up a call with us today. We can help you go where you’re treated best.

“First World” Shouldn't Be the Goal

Living In “The Third World”

Life in the developed world has become stagnant. Work for 30-40 years, only to retire and live your life on a retirement account that may or may not have enough money to sustain you.

Most of your money goes to the government in the form of taxes, and you get to keep only a fraction of it.

In contrast, countries in Asia add value to your life by offering you tax incentives, a business-friendly environment, and all the tools to generate more wealth and legally reduce your taxes.

You Don’t Have to Go Back

It’s strange how people will enjoy the digital nomad lifestyle, living in luxury and comfort in Mexico City, Bali, Kuala Lumpur, Bangkok, or Bogota for years on end, and think there’s any reason to go back.

Why would you?

Emerging markets are no longer the Wild West they were 25-30 years ago. There’s been a grand convergence in living standards.

This is why the West has stagnated while “The Rest” are set to match them within our lifetimes. 

There are even internationally accredited programs around the world, like the International Baccalaureate (which was designed for traveling diplomats and corporate expats to ensure that their children had access to the same high quality of education the world over).

Moreover, there are stellar care facilities throughout the world. In fact, many developing economies see millions of patients from the first world. Medical tourism is a booming industry.

Medical Tourism In The Third World

The main benefit of living in a developed country these days is saying that you live there. Many entrepreneurs only immigrate to these countries because of their brand name. The governments are living off of the fumes of a bygone era rather than any objective metric you care to mention. 

In an attempt to make those last bits of profit, though, they’ve often abandoned what originally made them unique. Nowadays, when you go to developed countries, it’s primarily kitsch and fast food that is waiting for you.

Living in “the Third World” isn’t bad; it’s actually far more desirable. 

The Third World Is A Brand New World

A few decades ago, there were only a handful of places where you could go to enjoy certain things. If you wanted business opportunities, you went to the US; if you wanted private banking, you went to Switzerland; and so on.

But now that hundreds of other countries are becoming relevant on the world stage, a single country won’t be able to have a monopoly on a given aspect of life. There isn’t going to be “the next big thing,” but there are going to be many “next big things.”

The world has never been as large and accessible as it is now. It’s wholly unlikely that you just so happened to be born in the best country in the world in absolutely everything.

Why not acknowledge this and live life on your own terms?

If that’s what you want, set up a call with us today, and we’ll make it happen.

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