Nomad Capitalist Audio Experience

Andrew admires Millennials. They seem to get it right compared to all the other generations out there. Why own a home, or even a car, when you can travel and live a more freedom-based lifestyle? Andrew recently came across a Bloomberg article about Porsche changing up their business model to entice more Millennials into buying their cars. Car manufacturers are struggling because Millennials aren’t interested in the challenges and complications of ownership.

Key Takeaways:

Andrew’s Editorial:

[1:40] Porsche has a new subscription-based model out right now. Andrew reads an article from Bloomberg news about it.

[3:15] According to the article, the economy now has successful Millennials who have the financial power to own a high-end car.

[3:35] Andrew hasn’t owned a car for more than four years.

[5:20] The desire to own a car just isn’t there with the younger generation.

[7:40] Not owning a car is, frankly, fantastic. So much less stress.

[9:00] With the people Andrew works with, very few of them buy a car. Despite saving enough money in taxes to buy 10 luxury cars.

[10:20] Why do you want to be part of a system that forces you to own, forces you to pay high taxes, and gives you very little rewards in return?

[11:45] You can take advantage of the way the system (the law) is set up so you can go where you’re treated best.

[15:10] If Andrew ever wants to go back to the ‘ownership’ experience, he can… by renting a car for a day or for a month.

[16:00] Despite all the criticism Millennials receive, Andrew admires that they’re not interested in the status quo. They want a better quality life for themselves.

Interview:

[18:15] Why are British people so darn likable?

[20:10] So many people in the UK have expatriated to other countries due to the bad economic situation that happened in 2008.

[21:20] What was Adrian’s journey into becoming a nomad?

[23:55] Lose your ego when you travel and be prepared to make a complete idiot out of yourself.

[26:20] When Adrian first went to Poland, it was 20 years ago and it was much, much different than it is today.

[28:25] What made Adrian decide to leave his home country?

[30:55] Andrew could never play the office politics very well and neither could Adrian. It’s one of the big reasons why Adrian became a nomad.

[32:05] After 20 years of traveling, what kinds of lessons has Adrian learned along the way?

[35:00] For many British citizens, Germany is quite the culture shock. How did Adrian manage so well in these ‘stricter’ countries?

[39:40] What made Adrian decide to settle down in one country?

[43:05] What’s the difference between the business mindset of the Czechs and the Polish?

[46:15] Doing business in Georgia with Georgians isn’t the easiest thing to do.

[49:10] Is Tbilisi the place to be for creative professionals?

[54:00] Is Adrian living in Georgia just on a tourist visa or how has he set that up for himself?

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Email: [email protected]

Nomad Capitalist on Youtube

“Drivers Can Get Porsches on Demand With a $2,000-a-Month Subscription,” by Gabrielle Coppola, Bloomberg

Adrianscoffham.com

Andrew recently received a listener question about having more than one home base and what the logistics were when it came to paying taxes. On today’s show, Andrew clears up any confusion listeners might have on the differences between tax resident, resident, and the country you’re currently living in. You can have more than one home base and still not pay any taxes in that country. Andrew explains how.

Key Takeaways:

Andrew’s Editorial:

[1:25] Andrew reads a listener email, who disagrees with Andrew about living in more than one home base.

[4:20] Tourists don’t pay tax. In fact, tourists get treated better than citizens do.

[5:45] The world is becoming a more connected place, which is why it’s becoming more difficult to claim perpetual tourist and not pay taxes.

[8:30] How can you live somewhere without a visa?! The border agent was confused.

[10:45] As an example, if Andrew is a resident in Mexico, that doesn’t mean he needs to pay taxes. He can be a resident in Mexico, but also perpetual tourist living in other countries and he would have no tax obligations in Mexico.

[11:00] There’s a difference between tax residents and second residents and there’s a difference between where you spend time vs. where you’re a resident.

[14:15] Andrew believes choosing where you want to live in the world will become easier for U.S. citizens, only because other countries will be making it harder for their citizens.

[16:55] There are so many shades of grey in this system, which is why it’s so, so important to do all of this legally.

[17:10] FACTA and CRS are very important because they are changing the way this business works.

[17:55] Just because Andrew doesn’t agree with certain practices does not mean he believes in breaking the law. The law is the law and there are ways to work with it LEGALLY!

[18:50] How many home bases do you want? Let Andrew know!

Interview:

[21:10] What made Tomas interested in the nomad lifestyle?

[30:00] How can we apply mindfulness to the nomad lifestyle?

[34:40] We create artificial busyness in our lives when all we really need to do is slow down and really consider what’s important to us.

[39:55] What’s Tomas’s number one favorite place to visit and relax?

[43:00] Tomas’s entire entrepreneurial/nomad lifestyle is based on being mindful and present with his needs and wants.

[44:20] Stop chasing things that do not serve you!

[46:55] Remember, the government makes the rules and there are legal ways to follow those rules and still get the benefits.

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Email: [email protected]

Nomad Capitalist on Youtube

Tomaslau.com

Andrew recently read an article on NBC Bay Area saying over half of Californians want to leave the state of California. People often complain about their living conditions and the decline of the United States, but so very few people actually take action and move. The difference between those who take actions and those who don’t? The people who are taking actions are working and striving towards something important and meaningful to them. And for those who don’t? They’re running away from their problems and, through that, all they want to do is complain.

Key Takeaways:

Andrew’s Editorial:

[1:45] Will soaring California housing prices lead to an exodus?

[3:25] The top three places Californians go when leaving California are Seattle, Portland, and Austin.

[4:20] Whenever something crazy happens in the world, like Brexit or the election of Donald Trump, Andrew sees huge traffic spikes to his website.

[6:35] Those top three places people go to aren’t exactly cheap places either.

[7:20] The reality is, most people aren’t going to do anything about their living situation.

[8:40] So, why do some people pull the trigger and other people don’t?

[10:25] You’re not going to save that much in taxes by moving to Texas.

[11:10] Andrew has helped some of his clients save 70% of their income from taxes. The legal way!

[12:55] 52,000 new companies were formed in the state of California in the last 4 years. That’s more than Florida, Colorado, and Arizona combined.

[14:00] Want to leave California? Well, first of all, what are you trying to accomplish by doing that? Second, consider looking beyond the border of the U.S.

Interview:

[16:30] Where did this nomad journey start for Louise?

[19:00] The purpose of Louise’s YouTube channel is to let people know that there are options.

[19:35] How did Louise meet her partner, Ed?

[24:30] When Louise and Ed moved in together the very first time, they had very little problems because they didn’t have financial issues and they were able to hire a maid to clean the house.

[26:30] Louise’s family back home thinks she and Ed are poor because they live in Thailand. Quite the contrary.

[27:15] What other benefits does Louise have by living in a less expensive country like the UK?

[33:25] Why does Louise think that there are more men living a nomad lifestyle? How can we incorporate more women into this?

[38:35] Where is the digital nomad community going?

[41:40] Has Louise found a place that she can call home, outside of the UK?

[46:10] Did Louise enjoy living in Chile?

[51:45] The world is so global now that the Government really has to start competing for nomad dollars.

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Email: [email protected]

Nomad Capitalist on Youtube

Soaring California Housing Prices May be Leading to an Exodus

Bay Area exodus: 3 most popular cities for those who leave

Digital Nomad Girl on YouTube

As many of you know, this year’s Nomad Capitalist theme is ‘home.’ More and more of Andrew’s clients don’t want to be perpetual travelers. They want home bases, places where they can feel at home. What’s great is when clients finally do find a location where they can call home, they develop a sense of identity that they feel even more proud of.

Key Takeaways:

Andrew’s Editorial:

[1:25] This year’s Nomad Capitalist theme is ‘home.’

[2:55] On Andrew’s social media feed, he sees his clients buying homes in places where they finally feel at home.

[5:20] When Andrew brings on a client for the very first time, they go through an intense diagnostic process.

[7:35] Andrew loves seeing his clients painting walls, buying furniture, and settling into their new homes.

Interview:

[9:30] Where did it all start for Brian?

[11:50] Brian ended up losing everything in the 2008 crash. This humbled a very cocky Brian at the time.

[18:45] Why did Brian have an ego problem?

[24:00] The financial success Brian achieved was not fulfilling. He felt fulfilled when he traveled.

[26:15] What’s life like in Bali for Brian? What kind of luxuries does he enjoy?

[31:20] How does Brian manage his business overseas?

[33:10] Brian highly recommends the development company called 10 Clouds.

[40:00] Indonesia wants to tax you on your worldwide income. Brian decided not to become an Indonesian resident.

[43:35] What is Brian’s company, CallerSmart, about?

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Email: [email protected]

Nomad Capitalist on Youtube

Briandavidcrane.com

Callersmart.com

10clouds.com

Eat, Pray, Love 10th-Anniversary Edition: One Woman’s Search for Everything Across Italy, India, and Indonesia, by Elizabeth Gilbert

Andrew is back from his summer break! While he was away, he was off testing new overseas strategies to see how effective they are in practice. While there may be guys out there who are doing podcast episodes regularly, Andrew would rather get real, on the ground, experience about what it’s like living and investing overseas than to be known as the ‘media expert.’

Key Takeaways:

Andrew’s Editorial:

[2:00] As many of you know, Andrew used to be in radio. It was a common rule in radio to never share info that would date yourself/could be outdated in the future.

[2:25] Well, today’s episode will be breaking that rule.

[3:35] Andrew took about 6 weeks off to test out new overseas strategies.

[4:15] There are guys out there doing podcasts 5 days a week. You know what that makes them? Podcast experts, not nomad subject-matter experts. Andrew walks the walk and talks the talk, but in order to do that effectively, he has to take a break from podcasting.

[6:10] How long should you spend in each place when you’re living the nomad lifestyle?

[8:15] Not everyone can run their business successfully by bouncing around to a new country every 30 days.

[9:00] Andrew currently has 4 home bases.

[10:35] Watch the latest YouTube video that discusses how long a nomad should stay in one country.

Interview:

[12:35] Why did Neil decide to become a DJ who travels around the world?

[14:05] Serious question, does Wales count as a country?

[22:50] How old was Neil when he started his own record label?

[27:30] Financial success is not Neil’s primary motivator.

[29:25] How did Neil build his career to the point where he was able to travel the world?

[36:20] Did women throw themselves at Neil because of his status?

[41:10] Why did Neil decide to move to Bulgaria?

[50:15] How did Neil meet his Bulgarian girlfriend?

[52:30] What kind of cultural differences has Neil spotted between those from Europe and the U.S.?

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Email: [email protected]

Nomad Capitalist on Youtube

Neilcocker.com

Andrew received a listener email asking about some of the places you can settle down, raise children, and get citizenship through marriage. Now, let’s be clear, you should not have a sham wedding as that is not only illegal, but it most likely will cause you more stress than it is worth. Getting citizenship through marriage isn’t that common these days, but there are still some countries out there that will let you do it.

Key Takeaways:

Andrew’s Editorial:

[1:40] Andrew reads out loud a listener email about settling down and raising children on this nomad lifestyle.

[4:15] Why stick around and live in a place where you’re actively discriminated against?

[5:00] Don’t have a sham marriage just for the passport.

[7:00] Nomad Capitalist does have a list of countries where you can obtain citizenship via marriage.

[12:10] Being married to an EU citizen definitely has its advantages.

[14:55] There’s nothing wrong with going out there and dating someone from a different culture, especially if you can’t find what you’re looking for at home.

Interview:

[19:25] When did the travel bug first begin for Brian?

[22:15] Why is Brian still a nomad? What keeps him going?

[24:25] You have to be honest with yourself, and make sure your travel lifestyle meets your needs and comforts.

[25:25] It’s okay if you just want to dip your toe in and test the waters. You don’t need to create a big splash in order to become a nomad.

[26:50] You can travel on your own time. Don’t feel obligated to check off a box you don’t even want to check off in the first place.

[31:00] What’s Brian’s routine? How does he balance travel and work?

[36:30] Brian has four cities — four home bases — he regularly goes to.

[40:50] So many nomads try to get the cheapest price, but cheap doesn’t mean good value. Those who ‘cheap it out’ don’t always have a good quality of life.

[48:05] You will always feel a connection to the place you grew up, but it doesn’t make it home, and there’s no reason to get upset over the crazy things (political or otherwise) that are happening there.

[52:40] You, yourself, have to put in the effort of finding a location that works for you. Andrew cannot do everything.

[55:25] This year’s theme at Nomad Capitalist is home. If you’re ready to find it, contact Andrew and his team!

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Email: [email protected]

Nomad Capitalist on Youtube

BrianGreco.com

Brie Moreau was raised by French hippie parents. He’s traveled all over the world, and had even been to 17 different primary schools when he was a young child. He admits he pretty much grew up in a van. Some parents believe that children need stability and a ‘home’ in order to thrive, but Brie disagrees. Through his own personal life experiences, he was taught how to be self-reliant and to take risks. On today’s episode, Brie discuss what his young nomad life was like, and how it has shaped him for the better.

Key Takeaways:

Andrew’s Editorial:

[1:30] Andrew just got back from a Nomad Capitalist mastermind in Dublin.

[2:45] Check out the Youtube channel to see what you missed from the event.

Interview:

[3:55] Brie is the love child of two French hippies and has lived all over the world.

[4:35] When did Brie realize he was a nomad?

[6:15] Brie pretty much grew up in a van and never really had a ‘home’.

[7:40] What kind of lessons did Brie learn as a young child and traveling the world?

[8:25] Don’t need children need some ‘roots’?

[11:30] Brie was taught radical self-reliance as well as the ability to say yes and take risks. He’s not afraid to fail.

[15:55] To ask yourself, ‘Where should I live?’ is a tough question.

[21:30] As a French and Australian citizen, how easy has it been for Brie to travel and be a nomad?

[25:00] Would Brie like to become an Indonesian one day?

[31:55] Nomads are going out and creating their own ecosystem. Having a ‘Silicon Valley’ will not just be a U.S. thing. Andrew believes we’ll be seeing big hubs soon.

Andrew’s Editorial:

[34:20] Nomad Capitalist has been receiving a lot of interesting questions lately!

[35:15] Ten years ago, there wasn’t a lot of information about becoming a nomad.

[35:50] Today, there’s too much information and people are getting confused.

[36:20] Andrew has spent over a million dollars trying to find the perfect nomad strategy.

[41:00] When asking too specific questions, it becomes difficult to answer without knowing your whole story. That’s when a real conversation needs to take place. Random strangers shouldn’t be answering these Questions.

[43:35] Want to be your own doctor? Go right ahead.

[46:00] You have to pay for good advice. Free advice can damage you.

[47:55] A lot of people want the end results, but they’re not willing to do those push ups. You gotta get sweaty!

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Email: [email protected]

Nomad Capitalist on Youtube

What’s happening in Vanuatu right now? Well, Andrew is currently visiting to find out. As he talks with various expats on the island, it becomes obvious that the nomad mindset is changing. People who want to live abroad to hide their money are becoming less and less, especially because governments everywhere are making it a lot harder for them to get away with it. Andrew has always been of the mindset that you should do things legally and use the law to your advantage. Running away from it will only cause you more problems in the end.

Key Takeaways:

Andrew’s Editorial:

[1:35] Andrew is in Vanuatu right now talking to the people living there.

[3:00] There’s a lot going on in this country!

[3:35] Vanuatu is a true tax haven. You can live there and not pay tax!

[4:50] There are two different types of expats on Vanuatu.

[7:35] The offshore/nomad world is dramatically changing and regulations are getting stricter.

[9:35] Hiding your money is getting harder, plus it’s also against the law. Don’t break the law!

[11:15] The strategies will change based on what your end goal is. This is why you need to get clear about what your end goal is.

Interview:

[14:30] What was the spark that made Phil want to become a nomad?

[17:00] Why did Phil choose a career in law?

[20:30] Are you happy chasing the money? Phil wasn’t. So he left the UK and went to Australia.

[26:25] Can you develop the same kind of camaraderie in traditional co-worker/work relationships living as a nomad?

[27:25] How does Phil manage living in a place for two months for work and then saying goodbye?

[29:15] How does Phil define or differentiate between an expat lifestyle vs. nomadic lifestyle?

[31:20] It’s okay to have more than one home base.

[34:45] Phil has noticed that you met surprisingly few people from the U.S., despite the large population.

[36:15] How does Phil manage to work for some big companies like Coca Cola, and not go into their offices?

[39:35] More companies need help bridging the gap and becoming more connected with the world’s up-and-coming markets. There are both positives and negatives to this.

[41:25] As nations begin to grow and adapt bad habits (like using more plastic), can entrepreneurs realistically solve these environmental issues nomadically?

[45:25] Which has a more pro-business mentality? The UK or Australia?

[47:40] How will you create your offshore strategy?

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Redgarage.co

Phil on LinkedIn

In this week’s show, Andrew discusses the importance of not letting others hold you back, especially when trying to achieve your dreams. Do not go against your instincts to have a better life, for ‘the greater good.’ In the Western culture, Andrew sees that more and more people are becoming jealous of those who have slightly more than them, and those people will try everything in their power to make you feel guilty for it.

Key Takeaways:

Andrew's Editorial:

[1:35] Remember, this is not a political show. However, politics are discussed, especially if it affects us nomads!

[2:30] Andrew noticed something in the news recently that he’d like to bring to your attention.

[5:15] The government makes the rules. That’s just the way it is, and it’s in your best interest to follow those rules.

[6:35] Some people think it’s unfair to not pay taxes, even if there’s a legal way to do it. By the way, Andrew does pay taxes, just not to the U.S.

[7:15] It’s not tax avoidance. Andrew wants to be very, very clear. There are legal ways that you can pay less taxes and keep more of your money. Want to be sketchy and hide your money in an island? Go somewhere else.

[8:10] So, back to the news story (promise it’s related). There’s a big story about Melania Trump lately.

[11:00] Years ago, Andrew did have a chip on his shoulder about the U.S., but now he’s more wiser, and much, much calmer.

[12:35] There’s a culture that has developed in the United States (or anywhere really) that has become hostile towards people who seek a better lifestyle. Don’t get guilt-tripped into believing you should be miserable for the ‘greater’ good.

[15:30] You’re not the enemy for trying to achieve something and live a more fulfilling life.

Interview:

[16:55] Why did Tal want to become a nomad?

[19:45] When Tal worked for a 9-to-5, he felt like his soul was being crushed. He longed for adventure and travelling the world.

[21:45] Despite making a lot of money, Tal was so miserable at his job. Tal thought back to when he was at his happiest. It turned out that when he was a dishwasher, making almost no money, in Australia, was when he felt truly happy. That’s when he knew it was time for a change.

[26:50] When Tal went back to Australia, he felt at home immediately.

[28:40] How did Tal get an Australian passport?

[31:45] After he received his Australian passport, Tal felt like it was now time to go and move on to the next thing.

[33:10] Did Tal’s identity change when he became an Australian citizen?

[36:15] Tal discusses the benefits of living a ‘light’ lifestyle. Sometimes you need to reevaluate and shed your current identity to push you to new heights.

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]

Fullylived.com

Andrew does a solo show this week on why it’s important to have the right mindset when you’re making some serious and potentially irreversible life choices. Don’t renounce your citizenship out of anger, it will not do you any good. Instead, take a break from it and come back with a different mindset on whether or not your home country can still serve you. From there, you can make the right choices based on your future dreams and goals.

Key Takeaways:

Andrew's Editorial:

[1:55] Why does Andrew talk about mindset so darn much?

[8:25] Andrew knew someone who was really, really into the book, ‘The Secret.’ Andrew personally thinks that book is total bunk, but there are some lessons that can be learned from it.

[11:20] So, why is mindset so important? Because you eventually get rewarded for who you are and how authentic you are.

[16:15] Some listeners wrote to Andrew asking why did he decide to visit the U.S.

[17:15] Andrew hates it when countries issue him a ‘landing card,’ like Singapore and Indonesia.

[19:40] Andrew had been out of the United States for so long that coming back into the country just didn’t feel right.

[21:25] Andrew wondered to himself if he was okay with the idea of being a tourist in his own country.

[29:00] It’s important to do a ‘gut check’ on whether your home country can still provide the things that you want before you give it up for good.

[32:25] Don’t burn your home country’s passport out of frustration and anger.

[36:35] If your home country no longer serves you, it’s okay to go look for another one.

[41:15] Andrew answers some of your listener questions!

[46:45] Please leave a review on iTunes!

Mentioned in This Episode:

Nomadcapitalist.com

Email: [email protected]