Citizens of the world do not be afraid to jump outside of your home country. It’s as simple as buying a plane ticket and landing in a country with freedoms you didn’t expect to be available to you. It is a waste of your time to let other people’s politics consume you. Being a nomad is freedom, lack of expected regulations and 100% legal. Some may not understand the whats, whys and hows of what you are about to accomplish but they will soon see the benefits. You will feel confident in knowing that you are keeping more of your own money. And when a country or aspect of living no longer meets your needs you can simply move on. It’s a financial, not an emotional decision.

Key Takeaways:

Andrew’s Editorial:

[2:11] How to divorce yourself from your existing situation

[4:52] Your mindset must agree with your Internationalization

[5:54] Political systems are built on tax money bricks

[10:23] I pay attention so I can be the expert and you can forget about it

[10:50] We are not low information citizens

[11:46] The new book on foreign real estate

[12:17] Budapest, Hungary

[14:18] Break free and make qualified decisions with your money

[15:40] Diversify your life, not just your money

[16:28] Not everyone understands flag theory or location independent businesses

[17:40] By all means learn an additional language

[20:18] Let Andrew’s team do the dirty work and find the right safe havens


[23:49] George questions the traditional path after reading a book

[25:11] An offer I couldn’t refuse led me to Vietnam

[26:25] We need to kill the college message

[27:25] The big a-ha moment

[28:37] It’s not really a financial risk to go to a new country

[29:46] Digital nomads can pick up and move when they get bored

[30:53] We live in a time of freedom and opportunity

[31:24] The people give Vietnam it’s allure

[33:13] You may not know what freedoms you are missing

[36:44] Southeast Asia has a low cost of living which was great for my new business

[38:00] New laws on collecting VAT

[38:58] Frustrations of life in a developing country

[42:30] So few tourists learn Vietnamese

[44:04] Western guys with local girls and not the other way around

The Lightning Round:

[45:01] One business – Software

[45:33] One country – Western Europe

[46:00] One book – The Education of Millionaires

[46:41] One tool – A pen and paper

Listener Question:

[49:12] You always talk about European citizenship options for ancestry, why not Asia?

[49:46] Two ways to get citizenship 1.) By the soil

[51:17] We have been trained to identify people’s birthplace by physical features

[52:20] Citizenship by descent


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TheEducationofMillionaires– Michael Ellsberg

Nomad Capitalist Live
Last updated: Oct 14, 2021 at 7:48PM