@@nomadcapitalist I’m thinking this commenter didn’t watch the video yet. It’s a great video and emphasizes yet again that we all have the power to move, or move again, if where we’re living is not working for us.
I'm amazed by the resistance I get from my friends when talking about leaving! "But everyone moves here from all over the world! Why? Bc it's so much better here!" It WAS better for a long time! Now, someone else has taken up the torch and as much as you praised your ancestors for taking the leap, now it's our turn!
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I was in a similar situation. I sold or gave away everything I had except for 2 large suitcases and went searching. I decided Colombia offered everything I wanted. I don't like Bogota very much, but I live in a much smaller city with much better weather. A 2-bedroom apartment in a complex with security and a pool is about $300/mo. Food costs are also less than half that of the US. The Colombian people are warm and friendly, plus there are other expats here. I am so much happier and living stress-free. I wish you the best of luck, but even more I urge you to take action. It would be far better for you to spend some of your savings finding an alternative lifestyle than it is to spend them fighting inflation in the US.
@mjg239 In my opinion, the entire world is going down the toilet economically and socially. The United States is leading that charge. Many other countries are years behind us, more like how the US was, say 20 - 30 years ago. As someone who is retired and pushing 70 I am affording myself a higher quality of life until I leave this earth. Your priorities in life change as you age. The closer to the finish line, the more your quality of life wins out over acquiring more monetary wealth.
I'm considering Uruguay, partly because it is next to Argentina. I'd like to live a life where things around me get better, not worse like in Germany and pretty much all of Europe.
@@MalaPalabra-zr6wg Interesting. So far I only know to not go to Malvin Norte. I'm not planning to sit on the beach, though. I am more interested in how young local people could potentially benefit from economic progress. I heard they leave for Spain because UY is expensive and has few jobs that pay enough. I don't like that, if I can I will try to do something about it.
Exactly. People are (generally) innately nomadic-we are to go where we feel safe and can thrive. I ask people-“Why are we even here? Our ancestors were looking for a better life, they were brave pioneers who knew to get out while they still could”. Now it’s our turn, we honor the strength and spirit of those who came before us by doing exactly what they did. The government is SELECTED, not ELECTED, we are not gonna change it. We gotta get outta here.
Thanks again for another motivating message. What I admire about these videos are your ability to see both sides of a coin in regards to people wanting to leave/stay in their respective countries, without making either appear superior in their decision. Moving around isn’t for everybody, but it’s good to hear your side of the benefits of doing so. Thank you for sharing!
I'm a Canadian immigrant. I was essentially pushed out of Quebec because of fascist policies. In 1994 I moved to the Czech Republic. The first 20 years were great. We had freedom, low taxes, government surpluses. Today it's high taxes, regulations, government audits and massive deficits. I'm now in Indonesia. Guess what? Tax creep is setting in and I'm sure that this country will eventually go the way of Canada and the Czech Republic. It's just a matter of time.
@@GleeSmee Well, there are countries that decided not to join the EU - Turkey, Moldova, Belarus etc. And guess what - life there is not so good as in the EU... I am definitely not a fan of EU bureaucracy, but we need to keep to the facts.
Your analysis is spot on. Life can unexpectedly change quickly in the location of your choice. And one has to fight against the nostalgia and get going… It is hard work though when the money is enough to give a certain freedom but not enough to hire some entrprise like yours…
The thing about nomads is... They move..... A lot. They don't just move once then stop. And that's what digital nomads, nomad capitalists and just plain old vagabond travelers have to at least be prepared to do at all times. The world is constantly changing and the process for evaluating "where you're treated best" is never ending. Be prepared to change as conditions change. You have to have, like Andrew says, a plan A, plan B, plan C and maybe a D, E, F, and G too.
The issue isn’t when you are young or even middle aged. The issues comes up when you get old. Moving becomes physically difficult. And then there is the issue of high end medical problems. I’ve met a number of long term expats who eventually came home as the countries there were in couldn’t provide the necessary care.
@@sixtyskills2814 That's true enough. Some do return but lots don't. It's not a thing everyone can do and even among those who do it, not all are successful. But that holds true for all aspects of life. Things fail every day; businesses, marriages, you name it. Nothing is ever guaranteed, success (at anything) least of all, but that should never stop you from trying. And the right attitude combined with expert advise and careful research can minimize the risks to nearly zero. There are always sacrifices and there are always trade-offs no matter what you do so it's a matter of what you are prepared to do in exchange for what you want or where you want to go. And BTW.... I know people (50s, 60s) in my native Canada that bellyache non-stop about a bit of arthritis and I've also seen 86 yr old (white) men pushing walkers around the streets of Calcutta so medical reasons don't always wash. In many cases, they're just medical excuses. Some of the finest hospitals in the world are located outside the "legacy" countries. Andrew has covered this topic many times. Again, a legitimate concern for some but just an excuse and a crutch for others.
It such a small minded thing to confuse exploring your options with “running away”. The world is full of opportunities but I don’t think you will find many of them at your old sandwich shop.
I'd say to children of immigrants who feel guilt or may be attached to where they are, think of moving for the better like this, the same way you're grateful for your parents taking that risk and moving to give you a better opportunity and headstart in life, that's the same way your kids will probably feel. You don't want to look back 20-30yrs from now and wish you would've taken that risk to be in a better position to give your heirs a better chance and start in life. I genuinely believe you'll feel far worse for not taking the risk and seeing how well it worked out for so many than you'll feel for taking a very reasonable & calculated risk but it just not panning out as you thought. Remember, you can always move back or try something else if you take an opportunity that doesn't work out, but once you miss an opportunity, it's gone. There's no rewinding time.
Great video my friend. 👍🏼 We love traveling so much. ❤ Cheers from 2 Canadians 🇨🇦 living in Mexico.🇲🇽🥰✌🏼 PS: If I could flip the flag upside down I would. lol
I realized when listening to your video that I’ve been trying to find the perfect country. It’s such a relief hearing your video because I’ve had my mind on two different countries and this makes it feel so much more doable, and for a good reason! IE to diversify. Thank you so much.
It would be very interesting if you could also address the issue of access to health care in the countries you choose to live in. That's the main concern for a lot of people I know.
Exactly. If you ask that question, you shouldn't move. Moving to another country is not for the average person. Culture shock is very real, especially if you are middle class and not sheltered in a gorgeous, security guarded upper floor condo.
Argentina is pure potential. It has it all. The tragic thing is the political culture is absolutely predatory. If they have learned a lesson and move to a libertarian system then it could be the ultimate success story in the next 20 years.
@@EmilyGloeggler7984 can't be any more of a disaster than corrupt socialism/communism for half a century. Argentina has nowhere to go but up and Milei has done well for Argentina already.
I have moved to 4 countries in 2 decades. HK was expensive and hectic. Singapore, i spent 8 years, became expensive and very stressful when GFC hit. China was cheap but you could feel the optession thru the restricted internet and needing to report to the police everytime you come back from abroad. Plus the winter is harsh in Shanghai. Mexico feels like a vacation but far away from home
ah this video really hit me differently. I have lived and worked in a few different countries and ended up coming back to the UK because of family. But i do wonder sometimes if that was the right decision. Especially when you talk about home country bias - i was defo guilty of that and actually when I was living in Croatia, I had a much better quality of life when i look back now. Live and learn i guess. I will probably try once more to make a move work out but i dont know where or when lol its also feels harder to arrange visas than it used to be.
I’ve lived in many countries and have traveled to 43 countries. There is no perfect place. It’s best to know what you like and dislike when choosing where to live. I no longer llke travelin (Dubai is the last place I’d ever want to go. The vibes of that place sound awful.) Singapore however is nice. But it unbearably hot 🥵. All these places are too hot 🥵. There are peaceful places in the US away from big cities close to and by tribal lands which are very peaceful. I sometimes wonder what it would be like to live in Iceland though. I have a keen interest in visiting Iceland. (I have dual citizenship -EU and could live there but the language seems so hard) I also love Japan. I lived there several years and am studying Japanese diligently.
You are absolutely right. I don't have any new passports but I have a couple of long term visas since I retired in Canada. My family has been there (and in the USA) for 250 years. It was a good run.
Speaking of Malaysia, I just want to say how thrilled I am that their potholes are being filled at UK taxpayers' expense, while the UK pensioners' winter fuel allowance, life-saving in millions of cases, has been stopped. And to add insult to injury, our own potholes get worse every year. Thrilled. Really thrilled.
You are replying to people with defeatist mindset. I guarantee you the ones who say stuff like that don’t travel much, and even when they do they travel to Italy France etc, at most Indonesia or other few Nomad hubs. And it’s almost guaranteed English is their ONLY language. And they are provably not capitalists, which I happen to believe is where the emphasis in “Nomad Capitalist” should be on. As a weak income guarantees your life will not necessarily be so easy and joyful regardless of where you move. Being financially handicapped and linguistically handicapped simultaneously, means these people have to cope with what they have back home and cling to it. I remember you said this years ago, “Don’t run from something, run towards something.” For me as long as I focus on my business growth, I’m happy being a perpetual traveler. Despite some drawbacks. At least I speak 3 languages which happen to be the 3 most spoken languages on this planet, for everywhere I go I have a social circle who station their lives there. I never feel the need to be emotionally bonded with anywhere. From my observation the people who articulate the views you are replying to know deep in their mind, US/UK etc are the only places they truly feel belong. But we share to where the puck is going to be, not where it’s been. In most of the world I don’t feel the cultural doom and gloom along the people. The need for those to constantly attempt to talk us down and claim “Malaysia will be bad soon too!” is a typical example of people constantly being at each other’s throat in those declining countries.
Your content is excellent for certain types of people !! And is absolutely different to others who have family , children to raise and parents to support,is impossible to pack up your family and run like a mouse from place to place ,to never be able to have any peace or a land to call it home 🏠
After Pavel Durov has been captured for just providing encryption to everyone, I remembered this channel. Scary world right now, you need to be especially knowledgeable about what countries are still free and which ones you should avoid at all costs.
I moved to Canada 25 years ago, now it has become much worse. ended up moving my business to a red state, so far much better but I hope I don't have to move again in future.
People in certain professions can make higher salaries in the US, but in retirement that is no longer needed and there are many better, less expensive countries to choose from.
" When one yings, another might yang." Very true. Ive heard Muhammed Ali say: "fly like a butterfly & ying like a bee." Ive also heard go where " you get the most yang for your buck."
I am a Canadian 71 year old. How can I possibly become a nomad at my age? I am fit but……do I want to bounce around the world now? Can I? Am I destined to become a bag lady even though I am quite comfortable now? This SUCKS!!!
@@dealman3312 I have been to both countries but years ago. Argentina is always on a financial roller coaster with a HUGE contrast between haves and have nots. And I believe that an elderly woman would not necessarily be safe in Mexico.
@@dealman3312Mexico’s new president elect takes office in October or November and she is a member of the wef. Mexico is going to change and not for the best.
Less socialism leads to more socialism leads to communism. The moment you see a country go half way to socialism you have 5-10 years before you get full socialism .
Should have prepared better in 2004 and by 2015 moved and sold all but was slow and now lost it all. yep, countries go to hell like it happened to Venezuela and soon Colombia.But that is the thing it is not easy to move and leave things behind and know the good moment to sell and go to other country.
The problem is that Dubai looks great & probably is that great. But underneath is an ancient legal system that could catch you out ! I read a book written by someone who ended up embroiled in it, it was scary getting out 😱🔓
I just started watching his videos and to say the least they are a little uncomfortable since i do live in the United States (Northern Arizona ) .But the more i listen i realize what he is saying is not personal and i dont think i have disagreed with anything so far when i fully digest it .There are still plenty of good places to live here , but most of them are in the small towns . I moved from NYC over 20 years ago and it was pretty easy to see what was coming back then .Im non political and on the quiet side so a small town is best for me ,its safer ,cleaner ,cheaper and just friendlier ,but i do fear that 20 years from now the negativity and leaders of the big cities will spread out through the rest of the country so im starting to look outside the country for a place or two to finish out my days .You have to face reality in life , which most of us never do, but the sooner you do so the odds of a better future increase expediently i feel .
For the record, from 2014-2023, I worked on several social campaigns to change the system, save jobs and characters. I was not complicit in any events occurring that may have harmed, angered or disenfranchised private citizens.
You are talking like an entrepreneur, aren’t you? Constantly analyzing circumstances and risk versus reward and what works best and how can we change for the better?
I’m a patriot of Bangladesh whilst being a dual national with being British also. I want to give back to my home country and I would’ve preferred to maintain residence in the U.K.- the latter just isn’t a good enough place to live and do business in anymore. I agree with the advice and I would add that you can love your country without blindly thinking it’s the best and ignoring its faults. You have to be willing to at least dabble where you’re treated best.
"Go to where you are treated best" how do i know i will not be parasitic but infact beneficial to those that treat me well? Truth is stranger than fiction.
There are really 3 elements here: taxes, investment and lifestyle. If you are paying high taxes and your business is mobile, the nomad lifestyle can save you lots of money. On investment that is easily done by buying a country’s stock market. Quicker, easier and more diverse than what’s being discussed here. Lifestyle is a wildcard. You may find a place that’s a better cultural fit if you can get past the “foreign feeling” many of us get abroad.
4 years ago my husband and i decided to live in Thai, so we went there first to visit a few places but we didn't like the weather and the food. A few months ago we visited Dubai, Singapore, New Caledonia and New Zealand. We loved Singapore but they don't allow 2nd passport and New Zealand is too far from Europe and too hard to get a 2nd passport, so we're stuck again :(
For that Irish friend you advised to consider Albania to diversify. I've thought about it for a while, but I can't imagine a scenario where an EU citizen would benefit from having residence or even a citizenship in a more Russia aligned country. Albania has extradition treaties with the EU so you couldn't go there to sit out any tax related snafu that escalated in Ireland. Let's consider another angle. The war in Ukraine really escalated and Europe cracked down, China and USA entered the war and many countries were forced to choose sides. Maybe then if let's say Malaysia (due to pressure from China) banned everyone from the "Western" block he could use the Albanian passport to go there. But if Malaysia ended up aligned with China during a world war what westerner would want to go there? If history teaches us anything it is that during times of war neutral countries win. So if (for example) Malaysia stayed neutral it wouldn't ban neither westerners nor Chinese/Russians. Maybe it would be easier to go to Brazil on an Albanian passport, but that is really far fetched.
As you move toward retirement it’s all about experiences…meeting nice people, having fun, traveling, living in countries where you feel at home..while you invest and secure a second or third citizenship for you and your children. I’ve lived in socialist, communist, right wing authoritarian countries and in democratic countries. For me the democratic free market /socialist countries are the best. Nice balance ..the other two are awful.
Andrew. There is a point in all this, but please do not bend the story to fit your bottom line. You said Australia had not allowed their citizens through the border during pandemic. Same happened in Malaysia, when they would not allowed people in, including MM2H visa holders - the visa you prometeusz so hard. Same in Thailand and other countries. It happened in most countries...
I don't think average non-essential visa holders were getting through any country's borders during those days unless they were multi-millionaires or politicians.
I have to say something, even tho things have gotten hard in the US, people from all walks of life still move there, not only poor immigrants, also wealthy people, you can look the statistics, and you can see it is one of the countries where a lot of people are still moving. The US is one of the few develop economies who keeps growing. I agree with you, things aren't as they used to be, but it's the biggest economy in the world, it's the fastest growing economy in the world (within developed economies), it's the country with the best universities in the world, and when it comes to be safe of an invasion, it's almost possible to invade. I love your videos Andrew.
Its political system is going down the drain. It's socially unstable. It's full on gun crime. Its economy is beyond repair. Its healthcare is beyond most people. Most of the country is drugged up to the eyeballs. Its universities are not the best in the world. Its education system is tottering. It's obsessed with abortion. Half the country hates the other half. It's definitely not the best place to live in the world.
I’m not sure that the United States is the fastest growing economy in the world or the biggest economy since India and China are starting to make greater progress.
It's in decline. It's politically and socially unstable. half the country hates the other half. University is so expensive and you don't have the best in the world. The education system is crumbling. Healthcare is largely unaffordable. No welfare system to help those struggling. Poverty is rampant. Half the population is drugged up to the eyeballs. Not the best place in the world to live.
We are travelling the world with our toddler and beagle, have collected a few passports, but the guilt from grandparents back in Australia, inflexibility to transit dogs means we are heading back to Austjailya
Can you do an episode on good skills to learn so you can do these types of changes. Ive travlled and lived in countries the past 10 years but all on working holiday visa. Now need a fully remote skill/job. But dont know where to start. Love the content
Why you need to renounce, as soon as you live outside nobody cares about you, passport can be obtained in any Australian embassy. Don't see any problems. Am I missing something?
I've read of people advertising on fb private pages they'd pay a plane ticket or half of to travellers going where they're going if they'd bring along one of their cats.
Seeing a protest in a country usually means they have a functioning democracy, OR soon might have one. Are there exceptions, sure, but by and large that is what it means.
@@now591 I didn't say a well functioning democracy. Those are rare, but by and large even the poorly functioning ones maintain a certain degree of individual rights and property rights. Which is not a bad thing.
Andrew would say the above options are probably good but it depends on your income type and type of wealth depending on the countries, to be tax efficient.
The country I live deems a company to be an entity equal to an individual, if that company moves it's manufacturing to another country with disregard to loyalties to it's country of origin and it's employees, then I can move my loyalties to another country that treats me better.Period.
Question: I realize that NC is primarily focused on economics/taxes. But are there a decent number of clients who include religion/spiritual beliefs in their decision making? If I were able to leave the US, I’d want to move to a county where there is at least a decent base of fellow Christians and I wouldn’t need to worry about freedom to worship.
The countries of the world are falling into tyranny one by one. There is no place to go unfortunately!!!!
We've covered this time and time again: ruclips.net/video/XkL-DTK_hKs/видео.html
Not true at all.
Those always were, the tyranny has simply turned inwards.
@@ItsTristan1st true. Domestic tyranny for example in Dubai or Malaysia
@@nomadcapitalist I’m thinking this commenter didn’t watch the video yet. It’s a great video and emphasizes yet again that we all have the power to move, or move again, if where we’re living is not working for us.
Don't stay in an abusive relationship even if your abuser is the country you live in.
Well said
preach brother !
Yes you need to fix it. Don't jump around to multiple partners like a hoe.
Wow, powerful thing to consider, thank you
Wow well
Said
Wow, its rare to hear anyone naturally speak as logically and honestly as this guy. Very refreshing.
"Dont wrap yourself in your flag just because you were born there." Great and timely advice Andrew!
@@Elevate-lu6fe a flag makes a terrible swaddle blanket 👍🏻
I'm amazed by the resistance I get from my friends when talking about leaving! "But everyone moves here from all over the world! Why? Bc it's so much better here!" It WAS better for a long time! Now, someone else has taken up the torch and as much as you praised your ancestors for taking the leap, now it's our turn!
Leaving from where? The USA?
Leave while you're younger versus older, easier to adapt and Enjoy your New Beginning🎉
Exactly
Agreed with you..
Inflation....even with a great job house paid in a safe quiet rural area why will I live here remaining when mad max scenario happens?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
So what are you going to do about it? Cry online? Come on man
I was in a similar situation. I sold or gave away everything I had except for 2 large suitcases and went searching. I decided Colombia offered everything I wanted. I don't like Bogota very much, but I live in a much smaller city with much better weather. A 2-bedroom apartment in a complex with security and a pool is about $300/mo. Food costs are also less than half that of the US. The Colombian people are warm and friendly, plus there are other expats here. I am so much happier and living stress-free. I wish you the best of luck, but even more I urge you to take action. It would be far better for you to spend some of your savings finding an alternative lifestyle than it is to spend them fighting inflation in the US.
@@DantheExpat-co8hf which smaller city are you living in Colombia please?
You just were robbed by capitalists. Now they're nomad and sneaking around, when they have something to grab with no paying- they are
@@usamamehmood-AML-TrainingVilla de Leiva! 😂
As an American who is a permanent resident of and owns a second home in another country, I look at it this way.
'I am buying time'
can u explain
Could you elaborate... I am so curious what you mean by "buying time"... in the US? Or "buying time" till you do what?
@mjg239 In my opinion, the entire world is going down the toilet economically and socially. The United States is leading that charge. Many other countries are years behind us, more like how the US was, say 20 - 30 years ago. As someone who is retired and pushing 70 I am affording myself a higher quality of life until I leave this earth. Your priorities in life change as you age. The closer to the finish line, the more your quality of life wins out over acquiring more monetary wealth.
Yes Culture does matter❤
well said. I agree, im traveling full time away from my country. not living in chaos and decay. i want to enjoy the life i worked hard for :-)
Fabulous!
Which dhothole is yr home country? Uk or usa?
Stay away from bad women they will destroy you and spend you dry
I've constantly moved over the last 10 years. I finally found my home in Belgrade, Serbia.
I've heard a few people mention Serbia, what attracted you to here if you don't mind me asking?
Lol
I'm considering Uruguay, partly because it is next to Argentina. I'd like to live a life where things around me get better, not worse like in Germany and pretty much all of Europe.
Uruguay is not heaven but yeah some things are good down there. Beach also shit though
@@TheThingIs415 what's up with the beaches there in Uruguay?
In the beach of Pocitos many people from the slums called 'cantegriles' go to there to stay and they have a bad higyene and some even have lice.
@@MalaPalabra-zr6wg Interesting. So far I only know to not go to Malvin Norte. I'm not planning to sit on the beach, though. I am more interested in how young local people could potentially benefit from economic progress. I heard they leave for Spain because UY is expensive and has few jobs that pay enough. I don't like that, if I can I will try to do something about it.
@@bolle666.
Beauty,...love your moxie!
Exactly. People are (generally) innately nomadic-we are to go where we feel safe and can thrive.
I ask people-“Why are we even here? Our ancestors were looking for a better life, they were brave pioneers who knew to get out while they still could”. Now it’s our turn, we honor the strength and spirit of those who came before us by doing exactly what they did.
The government is SELECTED, not ELECTED, we are not gonna change it. We gotta get outta here.
True❤
Excellent insight❤
Thanks again for another motivating message. What I admire about these videos are your ability to see both sides of a coin in regards to people wanting to leave/stay in their respective countries, without making either appear superior in their decision. Moving around isn’t for everybody, but it’s good to hear your side of the benefits of doing so. Thank you for sharing!
We move to a better place that suits us. After all, we are not a tree.
Solid!
Yes. You don't have to stay planted in one country.
Except when we make like a tree & leave
I'm a Canadian immigrant. I was essentially pushed out of Quebec because of fascist policies. In 1994 I moved to the Czech Republic. The first 20 years were great. We had freedom, low taxes, government surpluses. Today it's high taxes, regulations, government audits and massive deficits. I'm now in Indonesia. Guess what? Tax creep is setting in and I'm sure that this country will eventually go the way of Canada and the Czech Republic. It's just a matter of time.
Out of interest, what was fascist about Quebec at that time?
where next?
Yup. The surest sign a country is doomed is joining the EU.
@@GleeSmee Well, there are countries that decided not to join the EU - Turkey, Moldova, Belarus etc. And guess what - life there is not so good as in the EU... I am definitely not a fan of EU bureaucracy, but we need to keep to the facts.
@@JS-hk4qy There are also countries like Swiss and Norway. When keeping to facts, then to all facts and not only to the ones you like.
Your analysis is spot on. Life can unexpectedly change quickly in the location of your choice. And one has to fight against the nostalgia and get going… It is hard work though when the money is enough to give a certain freedom but not enough to hire some entrprise like yours…
In the pursuit of a good life, the "brand" that matters most is your very own.
This video made so many good points, I couldn't even decide on one part to quote lol.
The thing about nomads is... They move..... A lot. They don't just move once then stop. And that's what digital nomads, nomad capitalists and just plain old vagabond travelers have to at least be prepared to do at all times.
The world is constantly changing and the process for evaluating "where you're treated best" is never ending. Be prepared to change as conditions change. You have to have, like Andrew says, a plan A, plan B, plan C and maybe a D, E, F, and G too.
The issue isn’t when you are young or even middle aged. The issues comes up when you get old. Moving becomes physically difficult. And then there is the issue of high end medical problems. I’ve met a number of long term expats who eventually came home as the countries there were in couldn’t provide the necessary care.
@@sixtyskills2814 That's true enough. Some do return but lots don't. It's not a thing everyone can do and even among those who do it, not all are successful.
But that holds true for all aspects of life. Things fail every day; businesses, marriages, you name it. Nothing is ever guaranteed, success (at anything) least of all, but that should never stop you from trying.
And the right attitude combined with expert advise and careful research can minimize the risks to nearly zero. There are always sacrifices and there are always trade-offs no matter what you do so it's a matter of what you are prepared to do in exchange for what you want or where you want to go.
And BTW.... I know people (50s, 60s) in my native Canada that bellyache non-stop about a bit of arthritis and I've also seen 86 yr old (white) men pushing walkers around the streets of Calcutta so medical reasons don't always wash. In many cases, they're just medical excuses.
Some of the finest hospitals in the world are located outside the "legacy" countries. Andrew has covered this topic many times. Again, a legitimate concern for some but just an excuse and a crutch for others.
“The price of freedom is eternal vigilance”
Shout out from Bogota Andrew, you're always welcome here.
Bogoto is mierda. Cold and unfriendly. Leave the place
Same as when I went to Philippines airport, they were so helpful welcoming friendly and polite. Such a different experience to Aus.
Sydney Australia Airport is like the stasi
It such a small minded thing to confuse exploring your options with “running away”. The world is full of opportunities but I don’t think you will find many of them at your old sandwich shop.
from a post further up "Don't stay in an abusive relationship even if your abuser is the country you live in."
I'd say to children of immigrants who feel guilt or may be attached to where they are, think of moving for the better like this, the same way you're grateful for your parents taking that risk and moving to give you a better opportunity and headstart in life, that's the same way your kids will probably feel. You don't want to look back 20-30yrs from now and wish you would've taken that risk to be in a better position to give your heirs a better chance and start in life.
I genuinely believe you'll feel far worse for not taking the risk and seeing how well it worked out for so many than you'll feel for taking a very reasonable & calculated risk but it just not panning out as you thought. Remember, you can always move back or try something else if you take an opportunity that doesn't work out, but once you miss an opportunity, it's gone. There's no rewinding time.
Lovely. Thanks.
My concern is will I be forced to take a shot? Will I be locked down in Malaysia? Can I be free while the world loses its mind?
Money solves all issues, especially in third world countries
Malaysia is a shithole
Yes. You're correct. Important issues to consider
No such thing as ‘third world countries’
@@yo-a what term do you prefer? Brown?
Your book was one of big influences why I decided to leave South Africa and give up my misplaced loyalty. Thank you.
THIS TOPIC IS EXACTLY WHAT I HAVE BEEN WORRYING ABOUT WHEN TRYING TO FIGURE OUT PLANS OF COUNTRIES THAT I WANT TO CONSIDER
Hello from a Serbian, I'm so glad that you enjoyed visiting our country! Polako, polako :)
Great video my friend. 👍🏼 We love traveling so much. ❤ Cheers from 2 Canadians 🇨🇦 living in Mexico.🇲🇽🥰✌🏼
PS: If I could flip the flag upside down I would. lol
I realized when listening to your video that I’ve been trying to find the perfect country. It’s such a relief hearing your video because I’ve had my mind on two different countries and this makes it feel so much more doable, and for a good reason! IE to diversify. Thank you so much.
It would be very interesting if you could also address the issue of access to health care in the countries you choose to live in. That's the main concern for a lot of people I know.
He is super rich, he can buy as much healthcare as he wants, this is i think why he doesn't talk about that. He mainly talks about his own perspective
Exactly. If you ask that question, you shouldn't move. Moving to another country is not for the average person. Culture shock is very real, especially if you are middle class and not sheltered in a gorgeous, security guarded upper floor condo.
Argentina is pure potential. It has it all. The tragic thing is the political culture is absolutely predatory. If they have learned a lesson and move to a libertarian system then it could be the ultimate success story in the next 20 years.
Bad
It will be a disaster with the hypocrite Mileli.
@@EmilyGloeggler7984 can't be any more of a disaster than corrupt socialism/communism for half a century. Argentina has nowhere to go but up and Milei has done well for Argentina already.
"And the fact that someone shines a light on things that are actually true doesn't mean they hate it." Yes! Exactly. I've said the same thing.
I have moved to 4 countries in 2 decades. HK was expensive and hectic. Singapore, i spent 8 years, became expensive and very stressful when GFC hit. China was cheap but you could feel the optession thru the restricted internet and needing to report to the police everytime you come back from abroad. Plus the winter is harsh in Shanghai. Mexico feels like a vacation but far away from home
where are u from
@@MrTeslaX Philippines
Like portugal. 5 yrs ago was good. Now portugal is shit.
Not necessarily. Depending what you are looking for.
They just implemented digital passport @@willweiss3205
They are going all in on WHO jabs and wef agenda
bad
Shit in what way? What happened to Portugal?
The difference is these are 5 ey es countries - run by the same out of control cab al.
More than 5.
ah this video really hit me differently. I have lived and worked in a few different countries and ended up coming back to the UK because of family. But i do wonder sometimes if that was the right decision. Especially when you talk about home country bias - i was defo guilty of that and actually when I was living in Croatia, I had a much better quality of life when i look back now. Live and learn i guess. I will probably try once more to make a move work out but i dont know where or when lol its also feels harder to arrange visas than it used to be.
I’ve lived in many countries and have traveled to 43 countries. There is no perfect place. It’s best to know what you like and dislike when choosing where to live. I no longer llke travelin (Dubai is the last place I’d ever want to go. The vibes of that place sound awful.)
Singapore however is nice. But it unbearably hot 🥵. All these places are too hot 🥵. There are peaceful places in the US away from big cities close to and by tribal lands which are very peaceful. I sometimes wonder what it would be like to live in Iceland though. I have a keen interest in visiting Iceland. (I have dual citizenship -EU and could live there but the language seems so hard) I also love Japan. I lived there several years and am studying Japanese diligently.
You are absolutely right. I don't have any new passports but I have a couple of long term visas since I retired in Canada. My family has been there (and in the USA) for 250 years. It was a good run.
Yep, Canada and US same. Headed to Agenda 2030, own nothing and be happy.
It was.
Speaking of Malaysia, I just want to say how thrilled I am that their potholes are being filled at UK taxpayers' expense, while the UK pensioners' winter fuel allowance, life-saving in millions of cases, has been stopped. And to add insult to injury, our own potholes get worse every year. Thrilled. Really thrilled.
How did Malaysia manage to get the uk to pay for their road maintenance?
@@sunlee3555 They did nothing for so long that the it ended up as 'Foreign Relief' from the commonwealth fund.
@@sunlee3555A better question is how does India get foreign aid when they did a moon mission?
@@sunlee3555foreign aid the UK gives
@@gall6336 Foreign aid should be scrapped and replaced immediately with domestic aid
You are replying to people with defeatist mindset. I guarantee you the ones who say stuff like that don’t travel much, and even when they do they travel to Italy France etc, at most Indonesia or other few Nomad hubs. And it’s almost guaranteed English is their ONLY language. And they are provably not capitalists, which I happen to believe is where the emphasis in “Nomad Capitalist” should be on. As a weak income guarantees your life will not necessarily be so easy and joyful regardless of where you move. Being financially handicapped and linguistically handicapped simultaneously, means these people have to cope with what they have back home and cling to it. I remember you said this years ago, “Don’t run from something, run towards something.” For me as long as I focus on my business growth, I’m happy being a perpetual traveler. Despite some drawbacks. At least I speak 3 languages which happen to be the 3 most spoken languages on this planet, for everywhere I go I have a social circle who station their lives there. I never feel the need to be emotionally bonded with anywhere.
From my observation the people who articulate the views you are replying to know deep in their mind, US/UK etc are the only places they truly feel belong. But we share to where the puck is going to be, not where it’s been. In most of the world I don’t feel the cultural doom and gloom along the people. The need for those to constantly attempt to talk us down and claim “Malaysia will be bad soon too!” is a typical example of people constantly being at each other’s throat in those declining countries.
Go where you think YOUR life can get better
Your content is excellent for certain types of people !! And is absolutely different to others who have family , children to raise and parents to support,is impossible to pack up your family and run like a mouse from place to place ,to never be able to have any peace or a land to call it home 🏠
After Pavel Durov has been captured for just providing encryption to everyone, I remembered this channel.
Scary world right now, you need to be especially knowledgeable about what countries are still free and which ones you should avoid at all costs.
Andrew , great video. please interview Joel Skousen 🙏
I moved to Canada 25 years ago, now it has become much worse. ended up moving my business to a red state, so far much better but I hope I don't have to move again in future.
Red state in Canada or the US?
Great video, as usual. KL here we come 😉
See you at Nomad Capitalist Live!
You made me feel that my 3 citizenship are not enough! 😮
Once full disclosure occurs it all changes push for that amd well have freedom
People in certain professions can make higher salaries in the US, but in retirement that is no longer needed and there are many better, less expensive countries to choose from.
My family went to New France over 400 years ago, at the very beginning. Our family had a good run, like you said.
" When one yings, another might yang." Very true. Ive heard Muhammed Ali say: "fly like a butterfly & ying like a bee." Ive also heard go where
" you get the most yang for your buck."
I have Canadian and Colombian passport, OCI from India and residence in UAE. UAE for me is the best place to live execept for the heat.
I am a Canadian 71 year old. How can I possibly become a nomad at my age? I am fit but……do I want to bounce around the world now? Can I? Am I destined to become a bag lady even though I am quite comfortable now? This SUCKS!!!
YES you can do it! Have you been to Mexico and Argentina?
I know how you feel.
@@dealman3312 I have been to both countries but years ago. Argentina is always on a financial roller coaster with a HUGE contrast between haves and have nots.
And I believe that an elderly woman would not necessarily be safe in Mexico.
@@dealman3312Mexico’s new president elect takes office in October or November and she is a member of the wef. Mexico is going to change and not for the best.
@@mzm4245 yes that is true and not good. The only saving grace is the cartels help keep people in check.
Truer words were never spoken. Hence nomad in Nomad Capitalist
3:24
SRI LANKA MENTIONED 🎉🎉🎉🎉🎉
Sri lanka terrible. Dont go there
@@TheThingIs415 why?
Got a buddy living there.
The WEF are hitting them hard unfortunately
Less socialism leads to more socialism leads to communism. The moment you see a country go half way to socialism you have 5-10 years before you get full socialism .
Socialism and libertarianism are part of capitalism.
USSA?
Yeah for example Scandinavia
Canadá
Neo-liberalism. Or really a collapsing empire.
"I dont have to go to the same sandwhich shop I went to as a kid" LOL
Should have prepared better in 2004 and by 2015 moved and sold all but was slow and now lost it all. yep, countries go to hell like it happened to Venezuela and soon Colombia.But that is the thing it is not easy to move and leave things behind and know the good moment to sell and go to other country.
The problem is that Dubai looks great & probably is that great. But underneath is an ancient legal system that could catch you out ! I read a book written by someone who ended up embroiled in it, it was scary getting
out 😱🔓
I just started watching his videos and to say the least they are a little uncomfortable since i do live in the United States (Northern Arizona ) .But the more i listen i realize what he is saying is not personal and i dont think i have disagreed with anything so far when i fully digest it .There are still plenty of good places to live here , but most of them are in the small towns . I moved from NYC over 20 years ago and it was pretty easy to see what was coming back then .Im non political and on the quiet side so a small town is best for me ,its safer ,cleaner ,cheaper and just friendlier ,but i do fear that 20 years from now the negativity and leaders of the big cities will spread out through the rest of the country so im starting to look outside the country for a place or two to finish out my days .You have to face reality in life , which most of us never do, but the sooner you do so the odds of a better future increase expediently i feel .
Great video as usual!
For the record, from 2014-2023, I worked on several social campaigns to change the system, save jobs and characters. I was not complicit in any events occurring that may have harmed, angered or disenfranchised private citizens.
I would like to hear from your Dad again. Where has he been?
14:14, PREACH ANDREW 😆
You are talking like an entrepreneur, aren’t you? Constantly analyzing circumstances and risk versus reward and what works best and how can we change for the better?
You always educative and inspirational. Would be nice to hear you talking about moving to Brazil.
I’m a patriot of Bangladesh whilst being a dual national with being British also. I want to give back to my home country and I would’ve preferred to maintain residence in the U.K.- the latter just isn’t a good enough place to live and do business in anymore. I agree with the advice and I would add that you can love your country without blindly thinking it’s the best and ignoring its faults. You have to be willing to at least dabble where you’re treated best.
Ha. You think Bamgdladesh is better than the UK! Go back try it!
The final line about the world not bending to our will cut at my American ego pretty harshly, but it’s true… good way of putting it.
"Go to where you are treated best"
how do i know i will not be parasitic but infact beneficial to those that treat me well?
Truth is stranger than fiction.
That's on you. Be respectful and work hard, and even you are at the bottom of the scale, you will be useful.
Excellent video
There are really 3 elements here: taxes, investment and lifestyle. If you are paying high taxes and your business is mobile, the nomad lifestyle can save you lots of money. On investment that is easily done by buying a country’s stock market. Quicker, easier and more diverse than what’s being discussed here. Lifestyle is a wildcard. You may find a place that’s a better cultural fit if you can get past the “foreign feeling” many of us get abroad.
im totally in on this now. i get it,
4 years ago my husband and i decided to live in Thai, so we went there first to visit a few places but we didn't like the weather and the food. A few months ago we visited Dubai, Singapore, New Caledonia and New Zealand. We loved Singapore but they don't allow 2nd passport and New Zealand is too far from Europe and too hard to get a 2nd passport, so we're stuck again :(
For that Irish friend you advised to consider Albania to diversify. I've thought about it for a while, but I can't imagine a scenario where an EU citizen would benefit from having residence or even a citizenship in a more Russia aligned country. Albania has extradition treaties with the EU so you couldn't go there to sit out any tax related snafu that escalated in Ireland. Let's consider another angle. The war in Ukraine really escalated and Europe cracked down, China and USA entered the war and many countries were forced to choose sides. Maybe then if let's say Malaysia (due to pressure from China) banned everyone from the "Western" block he could use the Albanian passport to go there. But if Malaysia ended up aligned with China during a world war what westerner would want to go there? If history teaches us anything it is that during times of war neutral countries win. So if (for example) Malaysia stayed neutral it wouldn't ban neither westerners nor Chinese/Russians. Maybe it would be easier to go to Brazil on an Albanian passport, but that is really far fetched.
Ok, I’ve like 👍 this one 😊! Nice to see something new and very educational 😊
We sure do love CHILE.
Safe.
Clean.
Few People
We pay no property taxes or low taxes.
Jim in Chile
As you move toward retirement it’s all about experiences…meeting nice people, having fun, traveling, living in countries where you feel at home..while you invest and secure a second or third citizenship for you and your children. I’ve lived in socialist, communist, right wing authoritarian countries and in democratic countries. For me the democratic free market /socialist countries are the best.
Nice balance ..the other two are awful.
Great
13:54
It’s true
Life is constant change but we try to make it fixed because it takes courage to accept that terrifying truth
The sound fx on your lower thirds are like mini thunderstorms when listening on good headphones. Lol
Andrews! You will do well wigh Capital Global ( in same way)
Love both if you👈❤
Andrew is the real deal.
A lot of quotable phrases by Mr. Henderson very impressive.
Great chat
Thank you!
Andrew. There is a point in all this, but please do not bend the story to fit your bottom line. You said Australia had not allowed their citizens through the border during pandemic. Same happened in Malaysia, when they would not allowed people in, including MM2H visa holders - the visa you prometeusz so hard. Same in Thailand and other countries. It happened in most countries...
Belarus the only wise ruled nation
Thailand opened up early, if I recall correctly. The drop in tourism hit them hard.
@@johng4093 Exactly, the opened up only cos they were losing money. In short no country is 100% free and open.
I don't think average non-essential visa holders were getting through any country's borders during those days unless they were multi-millionaires or politicians.
I have to say something, even tho things have gotten hard in the US, people from all walks of life still move there, not only poor immigrants, also wealthy people, you can look the statistics, and you can see it is one of the countries where a lot of people are still moving. The US is one of the few develop economies who keeps growing. I agree with you, things aren't as they used to be, but it's the biggest economy in the world, it's the fastest growing economy in the world (within developed economies), it's the country with the best universities in the world, and when it comes to be safe of an invasion, it's almost possible to invade. I love your videos Andrew.
Its political system is going down the drain. It's socially unstable. It's full on gun crime. Its economy is beyond repair. Its healthcare is beyond most people. Most of the country is drugged up to the eyeballs. Its universities are not the best in the world. Its education system is tottering. It's obsessed with abortion. Half the country hates the other half. It's definitely not the best place to live in the world.
I’m not sure that the United States is the fastest growing economy in the world or the biggest economy since India and China are starting to make greater progress.
It's in decline. It's politically and socially unstable. half the country hates the other half. University is so expensive and you don't have the best in the world. The education system is crumbling. Healthcare is largely unaffordable. No welfare system to help those struggling. Poverty is rampant. Half the population is drugged up to the eyeballs. Not the best place in the world to live.
@@saffanna725 lol as an American, you're spot on. The Empire is crumbling..
@@MH-et5sn UK going the same way....
Thanks Andrew
We are travelling the world with our toddler and beagle, have collected a few passports, but the guilt from grandparents back in Australia, inflexibility to transit dogs means we are heading back to Austjailya
Can you do an episode on good skills to learn so you can do these types of changes. Ive travlled and lived in countries the past 10 years but all on working holiday visa. Now need a fully remote skill/job. But dont know where to start.
Love the content
Well said, Andrew
In Australia looking to exit & renounce
We'd be happy to help. www.nomadcapitalist.com/apply/
Why you need to renounce, as soon as you live outside nobody cares about you, passport can be obtained in any Australian embassy. Don't see any problems. Am I missing something?
@@vg7226 still have to pay taxes?
@@nomadcapitalistI'm sure you would mate 🤷♀️
I have three cats.. very hard to move..
I've read of people advertising on fb private pages they'd pay a plane ticket or half of to travellers going where they're going if they'd bring along one of their cats.
Great content 👌
Seeing a protest in a country usually means they have a functioning democracy, OR soon might have one. Are there exceptions, sure, but by and large that is what it means.
That's an illusion.
@@now591 I didn't say a well functioning democracy. Those are rare, but by and large even the poorly functioning ones maintain a certain degree of individual rights and property rights. Which is not a bad thing.
Would love to see a top 5 countries list for high net worth residence options?
@@Peter-MH Monaco, Switzerland, Cayman Islands, Singapore, and UAE, with that last spot probably flipping between the UAE/Qatar/Bahrain these days.
Andrew would say the above options are probably good but it depends on your income type and type of wealth depending on the countries, to be tax efficient.
Why is no one talking about Japan or Korea?
The country I live deems a company to be an entity equal to an individual, if that company moves it's manufacturing to another country with disregard to loyalties to it's country of origin and it's employees, then I can move my loyalties to another country that treats me better.Period.
I like your mentality, you so open minded and limitless, it would be pleasure if you make video about moving to Russia
He did just 2 days after your comment :) Check out the vid: The New “Anti-Woke” Visa
Ooh, "culture matters", that's a good one. Yup.
5:30 which interview are you talking about?
ruclips.net/video/NZaOShy9H1M/видео.html
Question: I realize that NC is primarily focused on economics/taxes. But are there a decent number of clients who include religion/spiritual beliefs in their decision making? If I were able to leave the US, I’d want to move to a county where there is at least a decent base of fellow Christians and I wouldn’t need to worry about freedom to worship.
I agree. Mexico is 90% christian. The highest % of the population out of all countries in the world.
Do you OWN homes in these various areas, or do have rental arrangements for your visits?
We discussed this here: ruclips.net/video/DjfuAXzyTp0/видео.html