Andrew discusses the possibility of keeping your onshore options open. This year’s Nomad Capitalist theme is home, and so consider the possibility of picking a country and planting a home base, where you are able to get your residency and pay tax. No-tax countries are becoming harder to find, and it’s only a matter of time before they go completely extinct. Weigh both options of traveling without a home base vs. traveling with a home base, and you might find that your onshore options actually open more doors for you.
[2:10] We all know about offshore asset location, but what about onshore strategies?
[4:55] Andrew is in love with Montenegro.
[8:20] Low-tax options across the world are becoming fewer and fewer.
[9:30] Sometimes paying 5-10% in tax is more worth than paying 0%.
[10:45] The best time to act is today.
[11:55] Instead of being a nomad, consider the onshore option and hit several birds with one stone. No-tax options are becoming far and few between.
[17:20] Why did Chris become an entrepreneur?
[21:00] Is teaching English a good way to ‘dip the toe’ into the nomad lifestyle?
[32:00] Chris discusses how he met his wife. He ended up meeting her in South Korea on an online dating site!
[42:40] What’s the difference between South Korea and Thailand?
[50:25] When you’re on dating sites or even dating in general, make your intentions clear!
[52:30] Chris had tried dating local women, but found out their goals were much different than his goals.
Mentioned in This Episode:
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- 109: Sam Fawahl, Becoming More Committed to This Lifestyle - December 29, 2017
- 108: Matt Wilson, Do You Have a Plan B? Start It Now - December 13, 2017
- 107: Nathan Lustig, Things to Know About Trump’s Tax Reform - December 6, 2017