Andrew Henderson

Andrew Henderson

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

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Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified,
global citizen in the 21st century… and how you can join the movement.

060: Travis Bennett, How the Young Can Protect Their Assets, Chinese Moving to the U.S.

When people talk about asset protection, very rarely does a conversation come up on how a young person with not much wealth can protect their assets. Truth be told, asset protection is important to everyone, no matter how little you have. Andrew discusses what threats a young person should be aware of and how to properly prepare based on those threats. The threat of government taking your money away is always a possibility, but how real is that to you? How real is it that you’d get sued? These are just some of the things you have to take into consideration.

Key Takeaways:

Andrew’s Editorial:

[1:25] Let’s talk about asset protection.

[2:20] How can the younger generation protect their assets?

[2:50] Andrew lists reasons why you’d want to protect your assets in the first place.

[4:40] There are ways the government can take your money, but you need to figure out what those real threats are.

[5:45] What are the issues you’re currently facing? Write them down.

[7:40] Keep in mind, the more difficult you make things, the more difficult it’ll be to access your money in the future.

[7:50] Some Bitcoin exchanges are being run like banks.

[8:20] You want to put together a plan that will not complicate things for you later down the line.

[13:30] Anyone can sue anyone in the U.S.

[14:25] You can still use an offshore company to protect yourself.

[17:35] Asset protection is important for everyone, but there are a lot of scammers out there.

[18:05] It boils down to: How are you able to access your money in a way where everyone else can’t?

[18:40] Don’t cut corners. Follow the law!

[20:35] Things are changing every single day. Strategies that worked a couple of years ago, might not work today.

[23:25] Also, figure out if you need all the stuff the lawyers are trying to push on you.

Interview:

[24:40] How did Travis get started?

[25:55] Why did Travis want to quit his job in Thailand?

[27:40] Would Travis have started a business if he was back home in Australia?

[30:35] Around 60% of Travis’s customers are based in Bangkok.

[32:10] Travis plans to stay in Thailand for the next 2-3 years.

[35:40] Travis has also found the Thai government to be quite helpful.

[38:10] Travis is able to pay himself a lower salary, but still live quite nicely in Thailand.

[41:15] How did Travis meet his wife?

[43:40] Are there more nomads visiting/working in Thailand?

The Lightning Round:

[45:50] One business – An app to crowd source law students.

[46:50] One country – Thailand.

[47:10] One book – Suitcase Entrepreneur by Natalie Sisson.

[48:05] One tool – Private Internet Access.

Listener Question:

[50:50] Many Chinese people are looking to move to the U.S.―why is that?

[53:10] If you don’t know why you need a second passport, maybe you don’t need one.

[53:15] The Chinese are looking for different things than what you or Andrew are looking for.

[55:40] Some people who move to the U.S. are in for a rude awakening.

[58:10] Andrew’s listeners are looking to lower their tax bill. The Chinese? They’re looking for something else.

[1:00:15] Andrew wants his children to learn more about the world and the differences across cultures.

[1:00:40] People who want to move to the U.S. are trying to get their children out of poverty or, at least, away from it.

[1:02:30] If you don’t know why the Chinese are moving to the U.S., then copying them isn’t going to help you.

Mentioned in This Episode:

https://www.nomadcapitalist.com

Email: [email protected]

http://www.studiodigita.com

Suitcase Entrepreneur by Natalie Sisson

http://www.privateinternetaccess.com

Nomad Capitalist Live

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4 REASONS TO CHOOSE

NOMAD CAPITALIST

1. For over a decade, we’ve helped 1,000+ high-net-worth entrepreneurs and investors.

2. We have a trusted network of global professional agents, accountants, attorneys, and entrepreneurial teams who know the loopholes of the industry.

3. We sit down with government officials and legally get everything done for you in the shortest time.

4. Our one-stop boutique consultancy will reduce your tax rate offshore, protect your assets, help you obtain a Plan B citizenship, and invest overseas.

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