The Expat Money Show - With Mikkel Thorup

347: Could Your Passport Be Your Downfall?


Listen Later

A passport is crucial to your freedom and global mobility, but what if your citizenship could be a liability? I recently read an interesting article on IMI Daily called “13 Ways Your Passport Could Ruin Your Life.” While I agree with many of the author’s points, I believe most of the real-world risks are misunderstood—and far more manageable—than people realize. 
In today’s episode, I expand on each of the 13 points, breaking them down one by one through the lens of my two decades of real-world offshore experience. I cover the good, the bad, and the misunderstood—and I’ll show you exactly how to easily avoid any potential pitfalls while building a solid offshore Plan-B.
Enjoy today’s episode!
IN TODAY’S EPISODE:
  • Listen in as I explain why U.S. citizenship is one of the most dangerous liabilities in the offshore world
  • Learn the truth about mandatory military conscription—and why it’s almost never a real threat for expats
  • Tune in to find out how to avoid passport profiling at borders and why more citizenships = more freedom
  • Hear me debunk some common myths about citizenship-based taxation and learn about the only two countries in the world that practice it. 
  • Discover the surprising truth about dual citizenship bans—and why they rarely limit serious expats
  • Find out why the fearmongering around “exit bans” is mostly nonsense—and what really matters when choosing a second passport

  • STAY IN TOUCH!
    Stay in touch and keep up to date on the latest news affecting expats, as well as maintain a steady stream of my opinions, travel stories, and more by subscribing to our newsletter. Not only will you receive the EMS Pulse newsletter and the weekly Expat Sunday Times, but sign up now, and you’ll also receive my FREE special report, “Plan B Residencies and Instant Citizenships.”
    RELATED EPISODES
    341: AI, Inflation & Economic Collapse: The Future Of Money – Thorsten Wittmann
    335: Canada: How Socialism Is Destroying The Great White North – Shaun Newman
    332: A Red-Pilled New Year's

    Mentioned in this episode:

    Gold in the Caribbean—No Bank Can Touch It

    Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold

    Offshore Gold & Silver

    No Plan-B Without the Language

    If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.

    Story Learning Courses

    This Is Your Invitation to The Hub

    This isn’t for tourists. This is for serious freedom-seekers. The Hub—our private membership for expats and investors—is now open. Inside, you’ll get $2,000 off every trip, direct access to my offshore Rolodex, and exclusive calls with the sharpest minds in the game. No fluff. No gatekeeping. Just real strategies for real sovereignty. We only open this a few times a year—and spots fill fast. Go to ExpatMoney.com/go.

    Join The Hub - Our Paid Members Only Community

    Gold in the Caribbean—No Bank Can Touch It

    Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold

    Offshore Gold & Silver

    No Plan-B Without the Language

    If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.

    Story Learning Courses

    ...more
    View all episodesView all episodes
    Download on the App Store

    The Expat Money Show - With Mikkel ThorupBy Mikkel Thorup

    • 4
    • 4
    • 4
    • 4
    • 4

    4

    173 ratings


    More shows like The Expat Money Show - With Mikkel Thorup

    View all
    The Peter Schiff Show Podcast by Peter Schiff

    The Peter Schiff Show Podcast

    5,667 Listeners

    Radical Personal Finance by Joshua Sheats

    Radical Personal Finance

    1,889 Listeners

    Sprott Money News by Sprott Money

    Sprott Money News

    151 Listeners

    The Tom Woods Show by Tom Woods

    The Tom Woods Show

    3,368 Listeners

    Geopolitics & Empire by Geopolitics & Empire

    Geopolitics & Empire

    500 Listeners

    Real Vision: Finance & Investing by Real Vision Podcast Network

    Real Vision: Finance & Investing

    912 Listeners

    TFTC: A Bitcoin Podcast by Marty Bent

    TFTC: A Bitcoin Podcast

    771 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,087 Listeners

    Quoth the Raven by Quoth the Raven

    Quoth the Raven

    942 Listeners

    Palisades Gold Radio by Collin Kettell

    Palisades Gold Radio

    262 Listeners

    The Mark Moss Show by iHeartPodcasts

    The Mark Moss Show

    223 Listeners

    Rebel Capitalist News by George Gammon

    Rebel Capitalist News

    1,030 Listeners

    Doug Casey's Take by Matthew Smith

    Doug Casey's Take

    127 Listeners

    The "What is Money?" Show by Robert Breedlove

    The "What is Money?" Show

    663 Listeners

    Wealthion - Be Financially Resilient by Wealthion

    Wealthion - Be Financially Resilient

    373 Listeners