Nomad Capitalist Audio Experience

Andrew discovered an article from The Guardian discussing how many of the software engineers in Silicon Valley are barely scraping by, despite making over six figures a year. Sometimes, you have to look outside, and attempt to break out of the system you’re in, in order to live a better-quality life. The good news is that people like Andrew and The Nomad Capitalist are here to help, if you want it.

Key Takeaways:

Andrew's Editorial:

[1:05] According to The Guardian, 6-figure-earning software engineers are barely scraping by in Silicon Valley.

[2:05] $160,000 a year is a terrible salary, according to one engineer.

[3:15] Everybody has different requirements and opinions on what a ‘good’ salary is.

[3:25] How much of that money is going to the state of California?

[5:15] Here’s a guy in Silicon Valley who feels like he doesn’t have options.

[6:45] This is what happens when you’re someone who doesn’t look for ways to break out of the system.

[7:30] Andrew and his team are here to break down the barriers.

[9:25] Isn’t it interesting how taxes are priced just right where everyone ends up at the end of the month with zero?

[10:05] There is an alternative, if that’s what you want!

Interview:

[11:25] Nathan is an expert in equity crowdfunding.

[12:55] How did Nathan get started?

[14:45] Why did Nathan leave investment banking?

[19:50] After Nathan quit his job, he did about 6 months of traveling around.

[23:05] Is there a place for everyone outside of the home country?

[25:45] Starting a business in Southeast Asia sounds great, but you’re the only one who will know whether it’s a good match for you or not.

[30:15] What kind of investor is a good fit for equity crowdfunding?

[35:35] How do companies know whether or not they’re a good fit?

[40:10] Equity crowdfunding is just another option that you can look into.

[45:25] Having a clear picture of what you want, will help you narrow down your options.

[48:25] You have to do pursue this nomadic lifestyle/business for the right reasons.

[53:45] As long as you know what you want, the things you need to do to get there are very easy to access.

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

Assembleadvisory.com

Nathan on LinkedIn

Andrew is currently listening to an audio book by Bernard Roth called Achievement Habit. In the book, they talk about why your ‘reasons are BS’. Andrew agrees. Whatever might be holding you back right now to live the life of your dreams is BS! Don’t get sucked up in the excuses.

Key Takeaways:

Andrew's Editorial:

[1:35] Andrew is currently listening to a book called Achievement Habit, by
Bernard Roth.

[2:40] The reasons that are holding you back are BS.

[4:00] Lots of opportunities in the real estate business.

[5:50] Invest in something stable. Invest in what you understand.

[7:20] Avoid the American real estate companies, because they bank on rich investors!

[8:20] Andrew knows some great guys who run a property management company in Cambodia.

Interview:

[10:00] Corey refuses to buy Podfly.com. Podfly.net works!

[11:00] Who is Corey?

[13:55] Was Corey ever afraid he was going to get sucked into the corporate machine when he took a job in Costa Rica?

[15:40] Central America’s culture is just a lot slower pace compared to everywhere else.

[19:00] How did Corey transition from the paradise job to entrepreneur?

[24:35] After being fired from his job in Costa Rica, Corey did not want to return to Canada.

[27:55] Costa Rica can make you lazy. You can quickly become that fat dude sitting at the beach bar.

[29:55] You have to challenge yourself by traveling elsewhere for periods of time, because Costa Rica moves slow.

[30:55] Corey is currently in Canada right now and he recently went out and bought two winter jackets — something he hasn’t done in 10 years.

[36:00] Why did Corey decide to create Podfly?

[40:55] Corey talks about applying for Costa Rican residency.

[46:00] Does Corey plan to stay in Costa Rica forever?

[51:00] Nobody cares where in the world you’re based out of nowadays.

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

Achievement Habit, by Bernard Roth

Podfly.net

Andrew is currently in India, but he took a week off last week to visit and enjoy Cambodia. On this week’s quick introduction, Andrew explains why he loves Cambodia, and does a quick comparison between Cambodia and India. What can you expect when you visit Cambodia vs. India? Find out today!

Key Takeaways:

Andrew's Editorial:

[1:35] Andrew is currently in India.

[2:35] For the first time ever, Andrew saw a guy  who could not open a bank account in Singapore.

[3:00] Knowing where you are being treated best is important!

[3:30] Andrew does a comparison between Cambodia and India.

[4:00] Anybody can get a visa for Cambodia!

[5:30] Cambodia isn’t perfect, but it’s riddled with opportunity.

[6:05] The visa process in India is awful.

[7:50] Both Indonesia and Vietnam aren’t the best places to invest in right now, but they’re moving in the right direction.

[10:35] Looking at the visa process gives you a good idea about where the country is headed.

Interview:

[12:05] Yasmine discusses how to pronounce her last name!

[13:30] Why did Yasmine want to leave Sweden?

[16:50] As a nomad, has a higher dating bar been set before Yasmine has traveled to so many different countries?

[21:25] How does Yasmine define what an obsessive traveller means?

[24:40] Always on the go, always traveling, is a bit scary for most people.

[28:50] London rent is expensive!

[34:00] What kinds of projects is Yasmine looking forward to starting?

[36:35] The ‘digital nomad’ scene is exploding right now. Although Yasmine has been one for many years, it wasn’t until recently that she discovered the term, ‘digital nomad’.

[38:20] Is it true that the Swedish love paying taxes?

[40:25] There are always positives and negatives to any country, and Sweden is no different.

[44:40] Andrew believes Kuala Lumpur is the best city in Southeast Asia.

[48:35] What does Yasmine mean by, ‘Traveling was never about the money.’

[50:55] Traveling has helped Yasmine determine where she wants to plant a base for her company.

[54:35] Capetown seems to be a great place, except for the internet.

[57:45] If you don’t take the first step, you’ll never know what you don’t know.

[59:35] Yasmine’s next focus will be in Africa!

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

Gotibba.com

Yasmine on LinkedIn

Lots of crazy things happening with President Trump. As people looking for alternative options, Andrew cautions that you never want to try and hide your money from the government. That’s NOT the way you want to approach things. You want to solve the conflict you have, legally, before going where you’re treated best.

Key Takeaways:

Andrew's Editorial:

[2:40] Just go out there and do it!

[2:55] Resolve the conflict with any problem you’re facing first.

[5:45] There are legal ways to resolve the conflict without having the government run after you!

Interview:

[7:40] Drew is a travel blogger, and has been to nearly all of the Asian countries.

[9:05] Why did Drew decide to become a travel blogger?

[10:15] Why was Drew inspired by Prague?

[13:20] For reference, Drew made about $2,000 a month teaching English in South Korea, while he was growing his blog.

[19:40] Can you really start a travel blog in 2017, and make money off of it?

[22:10] When it comes to hiring writers, how does Drew find good talent?

[24:35] As a U.S. citizen, how has traveling to places like North Korea affected him?

[28:35] What tips or advice does Drew have for someone looking to start a travel blog?

[30:40] What kinds of challenges has Drew faced?

[34:00] Drew really likes the Chase Sapphire Reserve credit card. It gives the best travel rewards.

[37:30] Drew loves the food in Hanoi, Vietnam.

[40:35] It’s easier than ever to get a visa to Vietnam.

[44:35] Andrew avoids AirBnB, but Drew loves it.

[46:00] What advice does Drew have for those who already have established businesses, but would like to travel more?

[48:45] Have questions? Feel free to reach out to Drew!

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

Drewbinsky.com

Andrew continues the Nomad Capitalist’s theme of finding and discovering your ‘home,’ in this week’s introduction. He says if you’re stuck in the same routine every day, you’re never going to get your own questions answered about whether the nomad lifestyle is for you. By doing, by exploring, and by seeing, you’ll find out where home truly feels for you.

Key Takeaways:

Andrew's Editorial:

[2:15] Andrew talks about one of his team members who is trying to get a Mexican citizenship.

[4:00] She feels at home when she’s in Mexico, which is why she’s now going after the citizenship.

[4:50] You answer your own questions whether being a Nomad is right for you when you actually start traveling and trying new things.

Interview:

[7:20] Nick’s business was born out of necessity.

[8:55] How did Nick meet his wife?

[11:25] What kind of places should Nomads go to visit?

[15:00] Currently, Nick is exploring the idea of how to help companies manage their remote employees.

[17:15] Nick and his wife are looking at a ‘slow travel’ model, where they settle down in their target country, and learn a bit of the language.

[19:00] Do you have to be in a depressing country in order to get any ‘real work’ done?

[21:00] How can nomads connect more effectively with the locals?

[22:45] Traveling is about making deep human connections.

[26:40] How do remote workers affect companies and their policies?

[29:40] Not everybody will want to travel outside of their country, but nearly everyone wants to work from home.

[34:20] Is this model sustainable for non-U.S. citizens?

[37:50] Nick has not tried to bank in any of these nomad countries just yet.

[41:15] Do your homework and plan ahead.

[44:35] Nick shares some stories about what it was like working for the United Nations.

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

Yonderwork.com

In Andrew’s introduction, he discusses the true meaning of a nomad. A nomad is someone who goes where they're treated best, but this does not mean that they leave their tax woes behind them. Governments are becoming more and more connected, and are going after nomads who did not get all their tax ducks in a row. Be careful and do things the right, and legal, way!

Key Takeaways:

Andrew's Editorial:

[2:00] Andrew met a guy from Sweden who was paying 58% tax.

[2:40] Some nomads didn't think about their taxes when they went overseas, and now the government is going after them.

[3:40] Nomads should constantly be seeking where they're treated best.

[5:35] Get your tax ducks in a row.

Interview:

[6:40] When did Aaron's entrepreneurial career start?

[12:20] Aaron didn't want to work 80 hours a week working for someone else.

[16:25] How does Aaron feel about startups beginning from a minimal budget?

[17:30] When you keep delaying a project idea, no matter how 'not ready' it is, you'll begin to lose momentum and interest.

[20:30] Andrew says about 87% of the Nomad Capitalist audience are guys, so he needs to speak to 'guys.'

[22:20] Aaron talks about his business, RoomChecking.

[28:15] Why did Aaron move to Paris?

[31:15] Was it difficult for Aaron to convince his girlfriend to move to Paris with him?

[33:30] Avoid the tourist traps in Paris at all costs. They have awful food there!

[36:30] What have been some of the biggest benefits of moving to Paris?

[41:00] Aaron compares American cultures vs. French culture.

[49:20] The French (Europeans in general) seem to love, love paperwork.

[52:00] The EU has high tax just like the U.S., but at the very least the U.S. makes it easy to pay that tax.

[52:25] Are you looking to move or get a passport from a high tax country? Andrew weighs in.

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

The Nomad Tax Trap

Roomchecking.com

There are a lot of coaches out there that claim they’re making 6-figures, but those numbers can lie. In this week’s introduction, Andrew warns others to be bit wary of those ‘gurus’ out there, claiming quick financial success. Anybody can be a coach, so it’s important to find one who is A) a good teacher, and B) someone who will empower you to take action.

Key Takeaways:

Andrew's Editorial:

[2:25] There are a lot of fakes out there.

[3:40] Teaching is one thing, empowering is another thing.

[3:50] Andrew wants to empower you to do better!

[5:10] Who can teach, and who can empower? You need to find someone who can do both.

Interview:

[6:15] How did Jenna get into web and writing consulting for writers?

[8:15] Jenna has helped people with their writing projects for over 20 years.

[9:00] When did Jenna realize she could make a business out of helping others with their writing?

[10:15] Europe is a lot cheaper than L.A., where Jenna was living at the time.

[11:45] Have a mini nest egg, and then jump into it! She wished she had left her corporate job sooner.

[12:40] How did Jenna save money? She downsized.

[15:30] Jenna wished she had done her own research about Europe as opposed to listening to everyone else tell her how expensive Europe was (it wasn’t).

[19:15] Time is our most valuable asset. Your mental state and your time cannot be replaced.

[21:45] What are some of the benefits of being a solopreneur?

[26:45] The more things you own, the more you’re owned by things.

[27:00] What countries in Europe does Jenna suggest nomads should go to, or check out?

[32:15] Jenna doesn’t miss winters, but she did miss how the seasons changed, which is not something you typically get in California.

[33:55] Will Jenna be exploring Eastern Europe anytime soon?

[35:40] What kind of experiences has Jenna had with renting out her vacant properties on AirBnB?

[41:15] It’s so, so important to have a good network of troubleshooters who can get stuff done while you’re away.

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

Jennarobbins.com

Andrew is back after the holiday break, and is excited to introduce to you this year’s theme for Nomad Capitalist. We all want purpose in life, but more importantly, we want a place where we can fit in and call that place home. You might be born in a country, and feel like a complete stranger in it. It’s Andrew’s mission for this year to help you find a place where you can kick your feet up and call it home.

Key Takeaways:

Andrew's Editorial:

[1:25] Nomad Capitalist is doing things a bit differently this year.

[2:15] What’s this year’s theme?

[2:55] Last year’s theme was about abundance.

[4:15] What many of Andrew’s clients are looking for is a sense of purpose.

[5:45] There will be talks in the future about the charitable initiatives Nomad Capitalist will be doing.

[6:25] Andrew could have had a bigger impact on various communities, if he had spent his money wisely.

[7:35] How can you use your money in a more optimal way, to create more freedom and purpose for yourself?

[9:00] Fitting in somewhere is so important to us.

[14:45] Home is something that we all want.

[17:35] Let’s get started!

Interview:

[19:10] Why did Jeannette want to become an entrepreneur?

[20:55] It took Jeannette eight years to officially make the jump.

[23:35] What advice would Jeannette give to someone who’s under 20?

[25:15] What was Jeannette’s job like?

[29:45] As an entrepreneur, everything is on you.

[30:55] What was Jeannette’s aha moment?

[35:35] As Jeannette racks up more mileage, and explores new countries, does the concept of a ‘Walmart’ become more and more foreign?

[41:25] Despite working less hours, the French are the most productive.

[45:25] What kinds of flags has Jeannette been planting?

[48:55] Set up your company early on.

[51:00] Accouting is the number one thing you should focus on in the beginning. It’s not sexy, but it’s a must!

[52:15] Why is Jeannette located in Lisbon right now?

[55:20] What kind of challenges has Jeannette faced?

[1:01:05] What have been some of the positive and negative things Jeannette has found when it comes to dating platforms?

[1:06:15] Which country has Jeannette been to where the locals were the nicest/hottest guys?

[1:09:45] Learn ten phrases wherever you go.

[1:10:55] How do you say ‘Netflix and Chill’ in Swedish?

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

www.positiveimpactpro.com

As the year comes to an end, Andrew appears for a solo show, to discuss some of the main lessons he’s learned in 2016. In total, he has had four big lessons he’d like to share with his audience today. If you’re like him, and see inspiration everywhere you go, the most important thing you can do is write down your thoughts on a piece of paper, and determine which path makes the most sense for your next year goals and desires.

Key Takeaways:

Andrew's Editorial:

[1:35] There’s no guest today, but Andrew has four important lessons he’s learned throughout 2016, as this year slowly winds down.

[4:50] If you’re someone who has lots of ideas, it’s important to sit down and figure out the agenda for the next year.

[7:30] The dreams and desires that you want today, aren’t going to happen overnight. Start now.

[9:25] There’s just something magical about writing your goals down on a pen and paper, not a computer.

[13:25] Lesson one: This year’s theme was abundance.

[14:45] Andrew is not here to convince you.

[14:55] If you’re happy with one passport, and paying taxes, then perhaps you don’t need Andrew and his services.

[17:30] Andrew is not going to host any more conferences for the public.

[18:55] Andrew wishes he had an abundance mindset earlier on in his entrepreneurial career.

[22:45] Focus on the value that you’ll get for that high-ticket price. Don’t focus on just the expense.

[23:05] Lesson two: Work towards the end principle.

[23:40] When you work backwards, you eliminate the ‘shiny object syndrome’.

[27:20] If you have to, fill the bad stuff with good stuff. If not, the bad stuff will just come back!

[30:25] Lesson three: Trust.

[31:10] How do you know you can trust this merchant/supplier/etc?

[34:40] Andrew is your guinea pig.

[35:35] Andrew realizes that he didn’t want to trust people.

[37:20] Having trust in the right people is the right thing to do. It will save you time!

[38:05] What are you doing in your life that is holding you back from trust?

[39:55] Lesson four: Are you happy?

[43:55] You have to run towards what you want.

[47:15] If you don’t want to chase shiny objects, then don’t listen to someone who only sells shiny objects.

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

It seems everyone in the U.S. is worried about fake news, but there is something much more sinister going on, and that’s censored news. Andrew recently experienced this when the Huffington Post decided to feature him in an article, and it subsequently got taken down within hours of it being posted. Yes, it’s unfortunate Andrew got banned for presenting an alternative way of living, but actions like these lead curious people down the wrong, and often unethical, path.

Key Takeaways:

Andrew's Editorial:

[1:40] Let’s talk about the fake news that’s been circulating around lately.

[2:20] We can’t have any fake news…

[4:25] Andrew explains what recently happened to him and his company.

[6:40] Andrew was featured in the Huffington Post … and then they removed the article.

[11:35] Just as fake news is prominent, censored news is too.

[13:05] The lack of good resources and information leads people down sketchy roads.

[13:40] You can find the legal way to do it. You can find the moral way to do it!!!

[18:50] Email Andrew your thoughts!

Interview:

[22:15] Why did Andrei become an entrepreneur?

[29:00] Andrei talks about the process to get Canadian citizenship.

[32:50] Why is Russia simpler than Canada?

[36:10] What has Andrei been able to achieve in Canada that he couldn’t do in his home country?

[37:40] What challenges has Andrei faced while living in Canada?

[40:05] How did Andrei convince his wife to leave Russia?

The Lightning Round:

[41:50] One business — Uber.

[42:55] One country — NA.

[44:05] One book — Rich Dad Poor Dad, by Robert Kiyosaki.

[44:40] One tool — PhraseExpress.

Listener Question:

[46:40] Which country caused Andrew to have the biggest failure?

[48:15] There’s no such thing as ‘failure’. It’s a mindset thing.

[51:55] However, with that being said, failure happens when you’re confused and have too much going on.

[53:45] You either succeed or you learn.

Mentioned in This Episode:

www.nomadcapitalist.com

Email: [email protected]

Andrew Banned from Huffington Post

Rich Dad Poor Dad, by Robert Kiyosaki

E-Myth, by Michael Gerber

Built to Sell, by John Warrillow

Phraseexpress.com

Trademarkfactory.ca