It’s that time of year again where, guess what, you’re paying high amounts of taxes. If everyone around you is getting excited about their refund check and you’re not, you already know you’re different. This year is the best time for reflection and to find out what you truly want. Don’t wait another year to achieve the financial freedom you so desire and crave.

Key Takeaways:

Andrew’s Editorial:

[1:45] It’s that time of year again…to pay taxes.

[2:10] Why don’t you blow your refund check on some brand new patio furniture?

[3:40] If you’re listening to the show you already know you’re different.

[3:50] No one is ever going to commend you for getting an offshore back account.

[4:15] There is a growing feeling that the western government is there to take care of the people and if you don’t feel that way, you know you’re different.

[8:00] Don’t save. Rely on social security, because the politician said so.

[10:30] Focusing on why a politician is bad does not help solve the problem. You have to understand how the impact of so-and-so person being elected will affect you.

[11:25] Eastern Europe has some of the lowest tax rates in the world.

[15:20] If you live in the US full time, expect to pay.

[15:25] You’re looking for a new way out? A new president isn’t going to fix that.

[16:35] If you’re uncomfortable with writing the IRS a big check every year, then you need to make a change.

[20:15] This is a good time of the year to reflect on where you really want to be financially.

Interview:

[22:05] Why did Ashley want to become a freelancer?

[23:20] Teaching English overseas is not everyone’s dream job.

[23:30] What was Ashley’s big ‘aha’ moment?

[27:05] Why did Ashley want to live in Mexico?

[28:10] Mexico City is one of the biggest cities for museums in the world.

[29:45] The food in Mexico just seems better, even the coke tastes better.

[33:35] Biggest challenge for Ashley has been getting her residency.

[35:00] Doing it yourself sometimes is a huge headache.

[38:25] What are some of the successes Ashley has achieved that she wouldn’t have been able to accomplish back home?

The Lighting Round:

[41:25] One business – Recycling.

[42:10] One country – Mexico.

[43:25] One book – Poor Economics by Abhijit Banerjee and Esther Duflo.

[44:20] One tool – Google hangouts.

Listener Question:

[50:25] How can a Canadian citizen, who owns physical property in Canada, no longer become a resident of Canada?

[52:20] You have to move or sell your stuff in Canada.

[55:10] This is a complicated case.

Mentioned in This Episode:

https://www.nomadcapitalist.com/

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Poor Economics by Abhijit Banerjee and Esther Duflo

Nomad Capitalist Live
Last updated: Jan 15, 2022 at 3:30PM