In this episode, Kelly talks about things you must know before investing abroad, because if you’re like him, you’ve been on that airplane, you land at the airport, you get out there and are hanging out in paradise, and then you think about the possibility of investing there. There seems to be this visceral, deep desire for people to get out into the world and experience travel following the pandemic a couple years ago with a booming, growing market in the travel and tourism sector. 2LM is committed to making investing in the foreign world a lot more simple and not so scary, which is exactly what Kelly discusses today. No ocean in the world pulls people in the way that the Caribbean does, which provides this unique opportunity for investors to really take advantage of this beautiful, tropical world.
The potential of Caribbean investment 3:30
Offshore diversified income is going to explode 13:40
The importance of currency diversification 18:20
Citizenship based taxation for US citizens 20:55
Have a great team offshore 24:15
There are fewer laws around investing abroad 26:40
“Your money can stay out there and be redeployed pre tax if you set yourself up correctly. So if you have money out there that’s making money, so say you have some real estate that’s collecting some cash, you can report and redeploy pre tax if you set yourself up correctly, almost like a 401k, but a real one that makes money and actually grows in value.” 27:12
In this episode, Kelly talks about things you must know before investing abroad, because if you’re like him, you’ve been on that airplane, you land at the airport, you get out there and are hanging out in paradise, and then you think about the possibility of investing there. There seems to be this visceral, deep desire for people to get out into the world and experience travel following the pandemic a couple years ago with a booming, growing market in the travel and tourism sector. 2LM is committed to making investing in the foreign world a lot more simple and not so scary, which is exactly what Kelly discusses today. No ocean in the world pulls people in the way that the Caribbean does, which provides this unique opportunity for investors to really take advantage of this beautiful, tropical world.
The potential of Caribbean investment 3:30
Offshore diversified income is going to explode 13:40
The importance of currency diversification 18:20
Citizenship based taxation for US citizens 20:55
Have a great team offshore 24:15
There are fewer laws around investing abroad 26:40
“Your money can stay out there and be redeployed pre tax if you set yourself up correctly. So if you have money out there that’s making money, so say you have some real estate that’s collecting some cash, you can report and redeploy pre tax if you set yourself up correctly, almost like a 401k, but a real one that makes money and actually grows in value.” 27:12