Nomad Capitalist Audio Experience

In this podcast Andrew explains why it isn’t illegal to opt out of the IRS and solid strategies for those making $100,000 +. The Nomad Capitalist guest this week is James T. Clark. Clark manages 20 websites from far away places like Namibia, Ireland and Southeast Asia. He visits his native Australia once a year to say hello to family and then is off again. He talks about international banking and one question he gets asked a lot but can’t really answer. 

Key Takeaways:

Andrew’s Editorial:

[1:18] Tax Season

[3:32] What is a Nomad

[6:25] The Foreign Earned Income Exemption

[10:07] Two qualifiers for exclusion

[15:17] Strategies for $100,000 + earners

[17:57] Passport to Freedom example

[19:45] Legally opt out of the IRS

The Interview:

[22:27] James wanted to work for himself

[23:55] Walking away from Australia

[24:45] Scared Stuck

[25:59] The Ireland A-ha moment

[28:07] Perpetual Travelling

[29:59] Digital Nomads can have relationships

[31:20] Life is long, never say never

[34:24] How does James plant flags

[37:06] The quality of Southeast Asian healthcare

[38:13] Success in travel websites

[40:01] Biggest Challenges - International banking problems 

[40:59] Australian banks

[42:01] The Big Tip 

[43:18] Lightning Round - Food delivery for expats

[44:00] One Place - This question is to hard

[44:45] One Tool - Evernote

Listener Question: 

[47:44] Juanita wants to know more about Andrew

[48:50] Go where you’re treated best. The idea behind a Nomad

[51:25] Learning from expats

[54:20] Key goal in travelling

Mentions:

Nomadicnotes.com

Evernote

It’s no accident that today, April 15th, the Nomad’s choice of first guest on the new show is an international entrepreneur who has successfully cherry picked the best economics out of every country he does business in. He is a border security nightmare as he travels from country to country with monitor and recording equipment in hand. He peers inside the North American culture with an outsiders view and his one pair of jeans. 

Key Takeaways:

[0:50] Why April 15th for the new show? 

[3:21] The Nomad’s history and vision for your future 

[10:10] Go where you are treated best

[14:30] Watch out for bad info and fraud

[16:00] What do we do next

[17:45] Beliefs of the Nomad Capitalist

[21:56] The interview

[23:04] About Corey

[24:10] Everybody has a podcast

[25:00] Podfly.net or Podfly.com

[27:38] What’s wrong with Costa Rica

[28:56] Territorial taxation

[29:19] The perfect set-up

[30:02] Why Costa Rica in the first place?

[31:19] The a-ha moment 

[32:18] A strip down and rebuild

[32:26] What changed 

[33:30] The immigrant song

[34:27] The challenge of a man

[35:02] Failing up

[35:49] Breaking free from the system

[36:38] Self actualizing

[37:25] The base strategy

[39:23] I fell into the world 

[39:57] Almost ready for primetime

[40:45] The nitty gritty, wins and losses

[42:08] Immigration process of Costa Rica

[43:00] Cherry picking international economics 

[43:35] Clients want Paypal

[44:11] The last 8 years 

[44:47] The bar to access big wigs

[46:33] My doctor is my friend on Facebook

[48:17] Hyper - awareness of the fish bowl

[49:36] Banking challenges of Latin America

[50:10] Issue’s with border security in the U.S. 

[52:19] A job in radio

[52:58] Hiring American employees

[54:45] The Nomad’s 3 big questions

[57:40] Picking up chicks with your shopping bag

[1:01:20] Your offshore action plan

[1:02:45] Eric sends a popular question 

[1:04:15] Stepping out of the shadows

[1:06:40] The Nomad Guide

[1:09:52] Good, solid advice

[1:10:50] Your life diversified

[1:12:31] What is your story?

Mentioned: 

Podfly

Airbnb

Paypal 

Nomadcapitalist.com