I feel like you didn't really answer the right question. You essentially answered "Where to invest" not "where to get paid high real wages to accumulate wealth from zero"
I left the US 10 years ago after college and moved to Africa. If you know your industry very well, Africa is the place to be. Some industries have oligopolies making 50 to 60% annual profit!!! One Lebanese businessman in a certain Central African country has the flour monopoly making 300% profit margin a year. He's the Only man importing wheat in the country. INSANE!!! Now if you just want security and safety, stay in the west making 5 to 10% profit margin. If you're an explorer, the world is yours
@@Foxie770 54 countries in Africa. Which one are you talking about? Which City? Which neighborhood? That's like comparing Ukraine or Moldova to France or Germany. They are all European but not the same. Not all countries are alike. Even in the US, Little Rock, AK is not the same as Beverly Hills, CA. Same country, different realities
I spent 6 months in provincial Russia being an Assistant English teacher for a private institute. I made more money in 6 months IN RUSSIA, than I do here in the US.
The old rules no longer apply. If you want a better life, make more money (not squeeze more out of what you make now). Start an online business from anywhere that taps into the US or English speaking markets. Or start a business helping emerging countries operate smarter and more efficient.
I did a double take on your name, it reminded me of the ever so evil Larry Fink who is pushing Wokeshevism on the USA. Still, I am going to argue a little with you. I believe it completely possible to make money the old fashioned way by manufacturing and services in the third world if you buy, own and operate the business. People still need a roof, clothing, food and especially water. The catch is to have more control over what you do and less Socialist obstacles. in some places, such is still done based on someone's word and a handshake.
@@hdcandela5697 For sure, that's also a good idea. My friend actually set up a service based business in Asia where we were living before this whole situation. The only problem he had was having to have half his business owned by a citizen of the country. But the business was working, so you're right on that. As far as my name, Kenneth Flores got it right. It's an obscure reference to a Jim Carey movie.
Here’s one most people don’t think about. Become a real estate agent in Dubai! Takes about a week to get the license and commission is usually between 2-5% and tax free. It’s one of those places where it’s possible to sell for 40 000 000 dollars a month if your at the top. You can figure out the math yourself!!
With the internet and online markets, it's relatively easy to make money wherever you go. You're better off living in a very cheap country and then selling to the "developed" West.
Truth is, most western markets are developed, they have legacy companies that rule markets and smaller ones trying to undercut them, thousands of consultants have flat lined the returns on the investments. Emerging economies don't have legacy companies, you can create those companies there and become stupid rich, problem is, you have to understand the bureaucracy, who to pay off to keep the business running smoothly. Andrew is right, you have to go and live in a country for couple years to understand it, or I would say, possibly partner up with someone that understands it and needs capitol.
Andrew, I just talked to a Canadian with his wife in Mexico yesterday at breakfast. He thinks American's & Canadian's will soon be the majority in Mexico. Thanks once again for all of your hard work & great videos. Peace my friend.
Americans should know that you can easily invest in NYSE listed stocks, ETFs and REITs even if you live outside of the US. And in some countries, you can do this and pay zero capital gains when you sell
Real Estate and Airbnb in Accra, Ghana, Lagos, Nigeria , Africa booming. forming african millionaires, so the US is not the only place to become wealthy. (overseas..)
I am pakistani girl , I got Estonia E Residency card but whole world Not open for pakistanis no opportunities or women rights for unknown women ,I am Not Malala Yousafzai who been fully support by UK and USA I want to become a model in USA ,I wonder if it's wise idea
"Demographics is destiny." The smart play is to go where the tide and purchasing power is rising. That means Asia, some parts of Latin America, and to a lesser extent Africa. If you're investing in the west, then bet on its aging out populations. (Healthcare, assisted living, travel, etc.)
You contradict yourself! If demography is destiny then Africa is the future. It's population has gone from 150 million in 1950, to 1.2 billion today. By 2050, will be 2 billion, and 2100 4 billion! 5 of the biggest countries in earth will be in Africa by 2100!
@@aa2220 I didn't contradict myself. Read my post again. Sure Africa is growing. But with all factors, including stability and purchasing power I'd much rather go with Asia. My point was really east vs west anyway. I'll put 1m into Indonesia and you put your 1m into Nigeria and we can check in in five or ten years...
@@josephrobi6806 not unstable, I see it as natural . What do you think the America was like when it was being forged? Did Cortez go to Asia for his fortune? People don't see the long game and the historical precedent! The wars that you see now in Africa are fights over land and resources, where different groups are battling over trillions worth of minerals ( 20 trillion in the case of the Congo)! Just look up the Congo wars! With uncle Sam cutting back on policing the world, I expect the Congo will be partitioned by those who have been destabilising it! Very complex, but very worth digging into!
Ready to move my business to the Caribbean... I love the lifestyle and it is a favorite destination for most of our clients in my Private Aviation Charter Business just makes sense but I am not a 7-8 figure entrepreneur I am in the low 6 figures so I am having trouble deciding who to work with and who will work with us we want it done right
Honestly I don't think that the U.S is a good investment I think the United States is a liability if you're an investor and that's just my opinion I think that like Andrew said that you can find a better investments in other places I started studying other markets and things like that because I just I wouldn't put my money in any part of the US stock market if I had it I'm not rich or anything but I do want to get there one day and I think that to do that you would have to move to another country the US just doesn't have the opportunities that people think it does they keep their foot on the back of your neck as much as possible that's my opinion.
Sub Saharan Africa is "extreme" high risk for "extreme" high return. But it is possible. South Africa is the only nuclear power in Africa and a G20 member, but sadly that is changing for the worst, due to the ANC's communist policies. Very very few europeans or asians understand sub-saharan african culture. The culture + the effect of european colonization makes it very difficult for europeans to succeed. It always start off well, but usually ends in a tragedy. Many large south african retail stores left west africa (Nigeria) after having spend lots of money there. Basically to sum it up, sub-s African culture is about i) collective responsibility (you can not blame the CEO or minister.) & ii) collective ownership. (you don't own land individually, everybody owns it .)
The young and growing population of most African or Asian markets makes investing there really interesting. You cannot make money with people who are clinging to their nest egg or must rely on dwindling welfare, whilst the few young people get drained by their states.
I know some really rich people from sri lanka, tanzania and kenya. And, they hve been living a good life since they moved there completely broke. Some of them make real estate business, some is working with precious stones, one of them is running his own bank. Africa and asia has really good opportunities to start business.
I agree with what Andrew is saying but it is not for the lack of opportunity that people don't want to leave west but because they want to live among their own
Many entrepreneurs in Brasil are not hiring, either, it's too much of a headache. We either do 3rd party, temporary contracts or we do the work ourselves. It's slower, but the alternative, more often than not, comes back to bite us.
One important thing is the trend, the dynamics of where things are going. Detroit used to be a “Silicon Valley”. California is probably still “the best game in town” by many aspects. But it is already quite a poor game in the most important ways.
It's a nightmare to hire in Brazil, but there are workarounds. Cost of living and properties are ridiculously low. The country stayed mostly open during the pandemic and personal freedom has been respected.
Why is it a nightmare? I am thinking of moving there next year. I am reading a lot about the situation and that kind of thing but what obstacles in hiring have you seen?
@@emilioperales Basically because of the extensive benefits and pension plans, hiring and employee can add up to 50% of the worker salary. Besides, firing an employee can cost employer 40% on top of the salary in compensations.
Great points Andrew. Most people do not understand that Mexico is a very minerals and natural resources rich and has a lot of potential. Do you think that Mexico should be more capitalistic to really excel? Thanks
Really enjoy watching your videos. Was referred by one of my friends- thank you! I’m planning to do business not in US next year and it will involve doing something completely different from what I’ve done so far :) Open your mind 🙏
Love your informative videos i am pakistani girl living among worse extremely religious Muslims I don't want to marry Pakistani , compelled to wear veil 😣 no security for unmarried women I am struggling to go somewhere where I indeed treated best
You should go Philippines. Unfortunately it has a large population of Roman Catholic but the country is diversed with religion. The southern parts of the Philippines has a large population of Muslims integrated with Roman Catholic, Protestants, Christians, and small minorities population of Buddhism and of course various indigenous religions.
Love your channel. Expat. But had set backs 59 now and moved from negative to 5 figure again this year. Moving into 6 figure in next 3 months. May be too late for me to ever get to 7 but I hope you don’t mind me watching you. Working on a birth right second passport and my fiancé is Asian so working the problem.
Difference among USA and developing countries are; USA has 100s of soft drinks producer big , wealthy companies; USA has wide variety of fish products sealed and processed in 100s of fish proructs producers while developing countries' companies only has 10 or 15 at most hard knucks producers of 1 product. For turkish brand name car, truck with sustainable developments, there is none turkish company, that is why turkish engineers enter into finance, marketing jobs of foreign companies mainly in Turkey. There is no other option. Financial products stocks and bonds don't give high Return on Investments as good as in USA. Even in Turkey intercity trains have been changed among 6 big cities of Turkey recently with 250 km per hour fast paced trains , nobody have been using 50 km per hour intercity trains in Turkey for years as those trains belong to the Turkish government.
Great video Andrew, thanks for your content! I am curious, how do you actually research and analyse investment opportunities in so many foreign countries while not being there physically? Is it just through your network? Do you maybe have some tips on how to analyse these emerging markets?
All we see right now is that the USA hosts 40% of dollar millionaires of the world meaning that the assets of nearly every tenth American are worth more than 1 mln bucks. However, all things change and our task is to notice the turnover in the trend when to sell these assets, at least partially and invest into the underrated assets elsewhere.
Thank you for the content Andrew, great video. Savings account yields in Ecuador in USD at credit unions are in the 5 to 8% range; and you are spot on with your analysis on India and Cambodia..Would you ever consider sharing some of your personal numbers such as Kevin O’Leary does, ie how much you have invested your money in, country by country? (Rentals in Pnomh Phen, which stocks in India, Commercial property in Bogota) if you are still investing in Colombia. This would make for a great video.
First, learn some of the local language; second, live near a concentration of English-speakers (such as a tourist center, university town, or expat-heavy town).
Central America and Mexico, belong to the Continent of North America. I laugh when people think Middle East is a Continent. It's just like saying Central America. They are just "nicknames" for the geographical locations. Central America & Mexico (North America) Middle East (Asia)
one thing I would add is emerging economies have younger populations which should translate into higher growth in the future North America and Europe etc. are aging which will slow growth in the future I like farmland that grows food I get better returns than the US plus I am contributing to the local economy
The questions posed by these videos never get answered,. I want concrete answers like: Paris Tibet Sydney Naxos Rangoon Rotterdam Runcton The Cayman Islands Malawi Mauritius Haight-Ashbury Patagonia Kingston Kentish Town Codrington Koh Samui Felixstowe Fingrinhoe Valmorel The North Pole Brixton Antwerp Gujarat Prawle Uganda Shennington Sudbury Sri Lanka Ecuador Edinburgh Stockholm Abu Dhabi Lexington Lindos Tokyo Harlem Ipanema Nicosia Granada San Jose Damascus Mandalay San Frandisco Atlantis Adelaide Angmering Arumpo Amsterdam New York Kabul Rwanda Kyoto Manchester Prague Mendhurst Toronto Madrid Melbourne Dublin Dakar Boston Oslo Tooting Belfast Botswana Tonga Rayburn
When you say you don't hire in Brazil, I assume you are referring to the old fashion "CLT" system (based on Mussolini's Carta Del Lavoro). Depending on the type of professional you want to engage, you can "PJotizar" (verb created to imply you can establish a B2B contract with an individual holding an individual services company, i.e. a "P.J. - Pessoa Jurídica" that pays his/her own taxes via "SIMPLES"). Most big companies do that for certain types of (highly qualified) professionals (therein included private jet and helicopter pilots, aviation mechanics, Oil & Gas professionals etc)...
Get out of the developed world. I spent nine years in Zimbabwe, one of the biggest disasters in the world and it worked out well. If you can do anything in an efficient and professional manner you will make money, just stay above the noise.
It's best not to start business here in the US. High taxes, cost of living are high, you have to work at least two full time jobs to pay for rent not even owning the place. It's best to start small then move the business to a better place to where you can grow your business.
great video, agree totally. Combination of active and passive income is the route for myself. I have heard the term emerging markets used when discussing real estate and I agree that these are the areas I am going to focus on identifying for active income.
How do plummeting population demographics in almost everywhere, except India recommend a future of wealth in Asia? Countries like China South Korea, Japan, pretty much all the Hegemans of Asia are experiencing rapid population decline. Where are the growth markets if this is true?
I'm a US dividend investor in domestic funds. I understand the US taxes foreign investors 30% on US derived dividend income. As a result, I have searched international funds seeking similar returns but have found only funds yielding half as much. I would really be interested in finding the international higher yield REITS etc. that you referred to.
@@anonymousdonor8084 Islam appears to be a full legal, financial, military and political system that is totalitarian. I would have changed my mind had I not read Qur'an 9:29-30 which demands non Muslims pay a taxation that is designed to humiliate.
@Silver LTC Everyone pays taxes to contribute to society. The Muslims already pay zakat taxes for the benefit of society which is a religious obligation. Since non-Muslims do not subscribe to the Islamic religion, they are not obliged to pay religious zakat taxes, so they pay jizya which are still taxes but they are considered secular taxes. At the end of the day, it’s everyone pays taxes, it’s just whether the meaning behind them is religious or secular
@@paulhart7739 Those taxes aren't designed to humiliate people. They provide goods and services for all. They are fairer as they are based on income. Jizya however is about humiliation. If you think it is the same rate as Zakat then you are academically dishonest. I have a study here that shows one non-Muslim in Baghdad who earnt 2 gold dirhams in one year and had to pay 0.22 gold dirhams per month. That is 75% ....for what? To not be killed? To not have to forsake his God?
@Silver LTC 0.22 dinar per month? So after 9 months of paying jizya, he is out of money, so they kill him and collect no more dinar in future years? The logic sounds flimsy. How did the Coptics ever survive until modern day in Islamic Egypt? How did the Christians and Jews survive in Palestine/Israel until modern day? How did Aramaic speaking Christians survive in Syria and Iraq until the modern day? How were Jewish refugees fleeing Crusader/Conquest nations into Islamic lands with only the clothes on their backs able to establish themselves into communities and survive hundreds of years until the creation of the modern state of Israel? Lots of questions to be answered. There is an “academic” theoretical concept that you may have of jizya and then there’s real life implementation. It’s basically a secular tax just like you pay to Uncle Sam in exchange for being a citizen under his protection. Nobody’s going around killing people because they can’t afford a tax or forcibly convert.
More fuel for the fire, Andrew. I watch a channel called autoline TV here on you tube. I just watched a video describing how the State of Michigan is going to get rid of "Range Anxiety" for electric cars @ no cost to tax payers. The electrified roads will be paid for by business that uses the roads for commerce. I thought, Andrew will say hidden tax with more control over the people. Did I overstep? Peace.
Most ASEAN is (at least in real life) capitalistic. The economy is booming and there are 3 times more young people ( that buy and will continue buying for a long time) there than in USA
OK Andrew. I have been suscribed to your vlog for quite some time. I am an expat living in So. América for most of the past 15 years. I have limited funds to invest. My past indicates my best opportunities are in real estate. I have an opportunity to invest in a hospitality development, water front, in Colombia. I am prepared to invest $12,000 as a starting point. I know that is not a large amount of $$, but in Colombia is not to be ignored. What would be your thoughts? Rafael
Man, Im Colombian; inflation, next political elections and Venezuelan migration... My advice for you? LEAVE ASAP. Im gonna do it next mont, Asia and Africa are on my list.
It wont matter ....most of us are too smart for you...left the US 20 yrs ago and never looked back...have a fabulous life of privilege abroad...servants, gorgeous tropical home, low cost of living...I am safe from you all. TOO LITTLE and WAY TOO LATE to threaten me and most of us... Enjoy your pitchfork march
![How I See the US After Living Abroad for 15 Years [CULTURE SHOCK]](http://i.ytimg.com/vi/DO5x_tJBn7w/mqdefault.jpg)
What’s the best way to accumulate wealth abroad? Let us know in the comments below!
For me, I'm paying off debt. It makes sense to pay off debt, then I have money to invest in the market, such as mutual funds I suppose.
@Juu Tuub I'm not sure yet, when I pay off debt and save, then I'll be in position to start investing.
I feel like you didn't really answer the right question. You essentially answered "Where to invest" not "where to get paid high real wages to accumulate wealth from zero"
Mine is abroad -- in heaven.
I left the US 10 years ago after college and moved to Africa. If you know your industry very well, Africa is the place to be. Some industries have oligopolies making 50 to 60% annual profit!!! One Lebanese businessman in a certain Central African country has the flour monopoly making 300% profit margin a year. He's the Only man importing wheat in the country. INSANE!!! Now if you just want security and safety, stay in the west making 5 to 10% profit margin. If you're an explorer, the world is yours
Horrible quality of life there.
Also, not safe.
@@Foxie770 54 countries in Africa. Which one are you talking about? Which City? Which neighborhood? That's like comparing Ukraine or Moldova to France or Germany. They are all European but not the same. Not all countries are alike. Even in the US, Little Rock, AK is not the same as Beverly Hills, CA. Same country, different realities
What are the best African countries?
I spent 6 months in provincial Russia being an Assistant English teacher for a private institute. I made more money in 6 months IN RUSSIA, than I do here in the US.
The old rules no longer apply. If you want a better life, make more money (not squeeze more out of what you make now). Start an online business from anywhere that taps into the US or English speaking markets. Or start a business helping emerging countries operate smarter and more efficient.
I did a double take on your name, it reminded me of the ever so evil Larry Fink who is pushing Wokeshevism on the USA. Still, I am going to argue a little with you. I believe it completely possible to make money the old fashioned way by manufacturing and services in the third world if you buy, own and operate the business. People still need a roof, clothing, food and especially water. The catch is to have more control over what you do and less Socialist obstacles. in some places, such is still done based on someone's word and a handshake.
@@hdcandela5697 For sure, that's also a good idea. My friend actually set up a service based business in Asia where we were living before this whole situation. The only problem he had was having to have half his business owned by a citizen of the country. But the business was working, so you're right on that. As far as my name, Kenneth Flores got it right. It's an obscure reference to a Jim Carey movie.
@@kennethflores93 You know your movies! lol
@@JoBlakeLisbon Me too, man. Hopefully more people get going quickly. Things aren't so certain these days.
@Russo21 Zir Agreed. Most countries don't let you buy land there. I do own a condo abroad, but buying land is prohibited.
We need an Andrew for the three and four figure entrepreneurs
Or hell, even the high six! "C'mon, Andrew, I'm almost there!"
"Be the change you wish to see in the world." attributed to Mahatma Gandhi
lol
Sounds like you just found your new calling
for real tho
Here’s one most people don’t think about.
Become a real estate agent in Dubai!
Takes about a week to get the license and commission is usually between 2-5% and tax free. It’s one of those places where it’s possible to sell for 40 000 000 dollars a month if your at the top. You can figure out the math yourself!!
Need help on this
With the internet and online markets, it's relatively easy to make money wherever you go. You're better off living in a very cheap country and then selling to the "developed" West.
Truth is, most western markets are developed, they have legacy companies that rule markets and smaller ones trying to undercut them, thousands of consultants have flat lined the returns on the investments. Emerging economies don't have legacy companies, you can create those companies there and become stupid rich, problem is, you have to understand the bureaucracy, who to pay off to keep the business running smoothly. Andrew is right, you have to go and live in a country for couple years to understand it, or I would say, possibly partner up with someone that understands it and needs capitol.
I'm purchasing you book to begin my learning curve in finding a new home outside Canada
You are really the nomad guy!!! No stereotypes, no fears, the world is your home, so amazing to see, and learn from you, thank you
Andrew, I just talked to a Canadian with his wife in Mexico yesterday at breakfast. He thinks American's & Canadian's will soon be the majority in Mexico. Thanks once again for all of your hard work & great videos.
Peace my friend.
Americans should know that you can easily invest in NYSE listed stocks, ETFs and REITs even if you live outside of the US.
And in some countries, you can do this and pay zero capital gains when you sell
I’m very familiar with REITs so I’ll defs give it a shot. What countries do allow it and pay 0 capital gains?
Real Estate and Airbnb in Accra, Ghana, Lagos, Nigeria , Africa booming. forming african millionaires, so the US is not the only place to become wealthy. (overseas..)
I am pakistani girl , I got Estonia E Residency card but whole world Not open for pakistanis
no opportunities or women rights for unknown women ,I am Not Malala Yousafzai who been fully support by UK and USA
I want to become a model in USA ,I wonder if it's wise idea
I know someone that opened at business in Texas shortly after renouncing his US citizenship and buying a Maltese one.
"Demographics is destiny." The smart play is to go where the tide and purchasing power is rising. That means Asia, some parts of Latin America, and to a lesser extent Africa. If you're investing in the west, then bet on its aging out populations. (Healthcare, assisted living, travel, etc.)
Yes I think because of the exchange of money the value from America to Asia make your buying power stronger that mean you can get a better investment
You contradict yourself! If demography is destiny then Africa is the future. It's population has gone from 150 million in 1950, to 1.2 billion today. By 2050, will be 2 billion, and 2100 4 billion! 5 of the biggest countries in earth will be in Africa by 2100!
@@aa2220 but Africa is unstable I think 🤔 leaders are unstable
@@aa2220 I didn't contradict myself. Read my post again. Sure Africa is growing. But with all factors, including stability and purchasing power I'd much rather go with Asia. My point was really east vs west anyway. I'll put 1m into Indonesia and you put your 1m into Nigeria and we can check in in five or ten years...
@@josephrobi6806 not unstable, I see it as natural . What do you think the America was like when it was being forged? Did Cortez go to Asia for his fortune? People don't see the long game and the historical precedent! The wars that you see now in Africa are fights over land and resources, where different groups are battling over trillions worth of minerals ( 20 trillion in the case of the Congo)! Just look up the Congo wars! With uncle Sam cutting back on policing the world, I expect the Congo will be partitioned by those who have been destabilising it! Very complex, but very worth digging into!
Ready to move my business to the Caribbean... I love the lifestyle and it is a favorite destination for most of our clients in my Private Aviation Charter Business just makes sense but I am not a 7-8 figure entrepreneur I am in the low 6 figures so I am having trouble deciding who to work with and who will work with us we want it done right
Honestly I don't think that the U.S is a good investment I think the United States is a liability if you're an investor and that's just my opinion I think that like Andrew said that you can find a better investments in other places I started studying other markets and things like that because I just I wouldn't put my money in any part of the US stock market if I had it I'm not rich or anything but I do want to get there one day and I think that to do that you would have to move to another country the US just doesn't have the opportunities that people think it does they keep their foot on the back of your neck as much as possible that's my opinion.
Finally you mention Africa, get some African associate and take a visit
Sub Saharan Africa is "extreme" high risk for "extreme" high return. But it is possible. South Africa is the only nuclear power in Africa and a G20 member, but sadly that is changing for the worst, due to the ANC's communist policies.
Very very few europeans or asians understand sub-saharan african culture.
The culture + the effect of european colonization makes it very difficult for europeans to succeed. It always start off well, but usually ends in a tragedy.
Many large south african retail stores left west africa (Nigeria) after having spend lots of money there. Basically to sum it up, sub-s African culture is about
i) collective responsibility (you can not blame the CEO or minister.) &
ii) collective ownership. (you don't own land individually, everybody owns it .)
Thats' why you get some African associate
The young and growing population of most African or Asian markets makes investing there really interesting. You cannot make money with people who are clinging to their nest egg or must rely on dwindling welfare, whilst the few young people get drained by their states.
Pinworthy comment
This is the best channel on youTube, thanks Andrew
You're absolutely right about Brazil. It's a nightmare for entrepreneurs.
I lived like a king in KL Malaysia back in 2010. The US is not the only place to make it. In fact I think some of the US is falling behind
I know some really rich people from sri lanka, tanzania and kenya. And, they hve been living a good life since they moved there completely broke. Some of them make real estate business, some is working with precious stones, one of them is running his own bank. Africa and asia has really good opportunities to start business.
I agree with what Andrew is saying but it is not for the lack of opportunity that people don't want to leave west but because they want to live among their own
They're lazy or entitled or both
I love this channel!
I'm getting ideas!
Thanks Andrew!
Many entrepreneurs in Brasil are not hiring, either, it's too much of a headache. We either do 3rd party, temporary contracts or we do the work ourselves. It's slower, but the alternative, more often than not, comes back to bite us.
I would love more videos on real estate investment in LaTam. Thanks Andrew for everything.
One important thing is the trend, the dynamics of where things are going. Detroit used to be a “Silicon Valley”. California is probably still “the best game in town” by many aspects. But it is already quite a poor game in the most important ways.
The California economy is much more diversified than Detroits economy.
Thank you for your brilliant observation, namely ' wealth has been democratized."
It's a nightmare to hire in Brazil, but there are workarounds. Cost of living and properties are ridiculously low. The country stayed mostly open during the pandemic and personal freedom has been respected.
Why is it a nightmare? I am thinking of moving there next year. I am reading a lot about the situation and that kind of thing but what obstacles in hiring have you seen?
@@emilioperales Basically because of the extensive benefits and pension plans, hiring and employee can add up to 50% of the worker salary. Besides, firing an employee can cost employer 40% on top of the salary in compensations.
@@harlysonmusic Thank you for sharing your answer. I didn't know that at all. Shocking from the employer perspective.
Higher net worth people go to lower cost and happier countries while low net worth hope to go to unhappy and rich countries
Great points Andrew. Most people do not understand that Mexico is a very minerals and natural resources rich and has a lot of potential. Do you think that Mexico should be more capitalistic to really excel? Thanks
They did it with Texas and look what happened
Really enjoy watching your videos. Was referred by one of my friends- thank you! I’m planning to do business not in US next year and it will involve doing something completely different from what I’ve done so far :) Open your mind 🙏
Love your informative videos i am pakistani girl living among worse extremely religious Muslims I don't want to marry Pakistani , compelled to wear veil 😣 no security for unmarried women
I am struggling to go somewhere where I indeed treated best
You should go Philippines. Unfortunately it has a large population of Roman Catholic but the country is diversed with religion. The southern parts of the Philippines has a large population of Muslims integrated with Roman Catholic, Protestants, Christians, and small minorities population of Buddhism and of course various indigenous religions.
Go to Albania. It is muslim friendly but less conservative.
Love your channel. Expat. But had set backs 59 now and moved from negative to 5 figure again this year. Moving into 6 figure in next 3 months. May be too late for me to ever get to 7 but I hope you don’t mind me watching you. Working on a birth right second passport and my fiancé is Asian so working the problem.
Difference among USA and developing countries are; USA has 100s of soft drinks producer big , wealthy companies; USA has wide variety of fish products sealed and processed in 100s of fish proructs producers while developing countries' companies only has 10 or 15 at most hard knucks producers of 1 product. For turkish brand name car, truck with sustainable developments, there is none turkish company, that is why turkish engineers enter into finance, marketing jobs of foreign companies mainly in Turkey. There is no other option. Financial products stocks and bonds don't give high Return on Investments as good as in USA. Even in Turkey intercity trains have been changed among 6 big cities of Turkey recently with 250 km per hour fast paced trains , nobody have been using 50 km per hour intercity trains in Turkey for years as those trains belong to the Turkish government.
Can't regretted ...
Started a couple of years in Colombia...
Doing well so far 👍
ABSOLUTELY EXCELLENT ANDREW, Thank You
Great video Andrew, thanks for your content! I am curious, how do you actually research and analyse investment opportunities in so many foreign countries while not being there physically? Is it just through your network? Do you maybe have some tips on how to analyse these emerging markets?
Could you talk about Africa please?
For retired folk the Portuguese NHR is hard to beat … (and it’s a safe fabulous place to base yourself )
All we see right now is that the USA hosts 40% of dollar millionaires of the world meaning that the assets of nearly every tenth American are worth more than 1 mln bucks. However, all things change and our task is to notice the turnover in the trend when to sell these assets, at least partially and invest into the underrated assets elsewhere.
The conversation on real estate with you and Grant Cardone would be very interesting
Thank you for the content Andrew, great video.
Savings account yields in Ecuador in USD at credit unions are in the 5 to 8% range; and you are spot on with your analysis on India and Cambodia..Would you ever consider sharing some of your personal numbers such as Kevin O’Leary does, ie how much you have invested your money in, country by country? (Rentals in Pnomh Phen, which stocks in India, Commercial property in Bogota) if you are still investing in Colombia. This would make for a great video.
AS A US CITIZEN I WOULD THINK A PERSON WOULD HAVE ACCESS TO THE US ECONOMY THROUGH INTERNET BUSINESSES AND INVESTMENTS!
I never stepped foot in the US or made a document from there, but all of my current business is tied to the US and Australia.
The internet and online markets make it pretty easy. You don't have to be an American citizen to access it...actually, it's even better if you aren't.
yep, I have a business in the US. but I live abroad :)
@@alessandra3391 What's your business in US, while living in abroad?
First, learn some of the local language; second, live near a concentration of English-speakers (such as a tourist center, university town, or expat-heavy town).
That's exactly what you shouldn't be doing "live near English speakers".
Liked for the Abe Lincoln art
Mexico is North America, not Central America.
Do your research :)
Central America and Mexico, belong to the Continent of North America.
I laugh when people think Middle East is a Continent. It's just like saying Central America. They are just "nicknames" for the geographical locations.
Central America & Mexico
(North America)
Middle East
(Asia)
Where did Robert Kiyosaki say his escape to country was?
one thing I would add is emerging economies have younger populations which should translate into higher growth in the future North America and Europe etc. are aging which will slow growth in the future I like farmland that grows food I get better returns than the US plus I am contributing to the local economy
@@vladimirkazakov3033 true but old populations don't consume as much as young ones so there are risks regardless
@@moresugartradercc2744 Good points!
This information was eye opening 👏👏
One of the best videos
The questions posed by these videos never get answered,. I want concrete answers like:
Paris
Tibet
Sydney
Naxos
Rangoon
Rotterdam
Runcton
The Cayman Islands
Malawi
Mauritius
Haight-Ashbury
Patagonia
Kingston
Kentish Town
Codrington
Koh Samui
Felixstowe
Fingrinhoe
Valmorel
The North Pole
Brixton
Antwerp
Gujarat
Prawle
Uganda
Shennington
Sudbury
Sri Lanka
Ecuador
Edinburgh
Stockholm
Abu Dhabi
Lexington
Lindos
Tokyo
Harlem
Ipanema
Nicosia
Granada
San Jose
Damascus
Mandalay
San Frandisco
Atlantis
Adelaide
Angmering
Arumpo
Amsterdam
New York
Kabul
Rwanda
Kyoto
Manchester
Prague
Mendhurst
Toronto
Madrid
Melbourne
Dublin
Dakar
Boston
Oslo
Tooting
Belfast
Botswana
Tonga
Rayburn
Entitlements off the chart .. "I want, I want, I want"
Great discussion Andrew
Congratulations Andrew on 500K subscribers !!
Thank you!
When you say you don't hire in Brazil, I assume you are referring to the old fashion "CLT" system (based on Mussolini's Carta Del Lavoro). Depending on the type of professional you want to engage, you can "PJotizar" (verb created to imply you can establish a B2B contract with an individual holding an individual services company, i.e. a "P.J. - Pessoa Jurídica" that pays his/her own taxes via "SIMPLES"). Most big companies do that for certain types of (highly qualified) professionals (therein included private jet and helicopter pilots, aviation mechanics, Oil & Gas professionals etc)...
Great Video and Spot On.
Thanks Andrew!!
Mambo from Mwanza, Tanzania 👋
Get out of the developed world. I spent nine years in Zimbabwe, one of the biggest disasters in the world and it worked out well. If you can do anything in an efficient and professional manner you will make money, just stay above the noise.
It's best not to start business here in the US. High taxes, cost of living are high, you have to work at least two full time jobs to pay for rent not even owning the place. It's best to start small then move the business to a better place to where you can grow your business.
Great video as usual, I understand that you have visited Turkey, any luck there. Recent currency fall.
great video, agree totally. Combination of active and passive income is the route for myself. I have heard the term emerging markets used when discussing real estate and I agree that these are the areas I am going to focus on identifying for active income.
Rwanda! Better passport too.
Same thing I'm looking into. Tons of growth potential here.
Great Opportunities !
A person can come to parts of the Middle East like the UAE.
My main question is, will I go to Nomad Capitalist Live in 2022 or 2023? No one else will know.
We would be glad to have you join us.
How do plummeting population demographics in almost everywhere, except India recommend a future of wealth in Asia? Countries like China South Korea, Japan, pretty much all the Hegemans of Asia are experiencing rapid population decline. Where are the growth markets if this is true?
Your primo best thank you Andrew 📌
"I'll never hire someone in Brazil," sad but true.
I'm a US dividend investor in domestic funds. I understand the US taxes foreign investors 30% on US derived dividend income. As a result, I have searched international funds seeking similar returns but have found only funds yielding half as much. I would really be interested in finding the international higher yield REITS etc. that you referred to.
never heard about my country so many times in a video on this channel than in this one. And not in a good way (but I have to agree with Andrew LOL)
Please share business ideas for young entrepreneurs. Im personally headed to Zimbabwe soon
just look at things that are thriving in more developed economies that can be brought there in simplified forms.
What happens if Turkey loses it secularism? We know the powers in charge want a new caliphate.
AND A (NEW) WAR!!!
@@anonymousdonor8084 Islam appears to be a full legal, financial, military and political system that is totalitarian. I would have changed my mind had I not read Qur'an 9:29-30 which demands non Muslims pay a taxation that is designed to humiliate.
@Silver LTC
Everyone pays taxes to contribute to society. The Muslims already pay zakat taxes for the benefit of society which is a religious obligation. Since non-Muslims do not subscribe to the Islamic religion, they are not obliged to pay religious zakat taxes, so they pay jizya which are still taxes but they are considered secular taxes. At the end of the day, it’s everyone pays taxes, it’s just whether the meaning behind them is religious or secular
@@paulhart7739 Those taxes aren't designed to humiliate people. They provide goods and services for all. They are fairer as they are based on income.
Jizya however is about humiliation. If you think it is the same rate as Zakat then you are academically dishonest.
I have a study here that shows one non-Muslim in Baghdad who earnt 2 gold dirhams in one year and had to pay 0.22 gold dirhams per month. That is 75% ....for what? To not be killed? To not have to forsake his God?
@Silver LTC
0.22 dinar per month? So after 9 months of paying jizya, he is out of money, so they kill him and collect no more dinar in future years? The logic sounds flimsy.
How did the Coptics ever survive until modern day in Islamic Egypt? How did the Christians and Jews survive in Palestine/Israel until modern day? How did Aramaic speaking Christians survive in Syria and Iraq until the modern day? How were Jewish refugees fleeing Crusader/Conquest nations into Islamic lands with only the clothes on their backs able to establish themselves into communities and survive hundreds of years until the creation of the modern state of Israel?
Lots of questions to be answered. There is an “academic” theoretical concept that you may have of jizya and then there’s real life implementation. It’s basically a secular tax just like you pay to Uncle Sam in exchange for being a citizen under his protection. Nobody’s going around killing people because they can’t afford a tax or forcibly convert.
put your money where it's treated best 😉
More fuel for the fire, Andrew. I watch a channel called autoline TV here on you tube. I just watched a video describing how the State of Michigan is going to get rid of "Range Anxiety" for electric cars @ no cost to tax payers. The electrified roads will be paid for by business that uses the roads for commerce. I thought, Andrew will say hidden tax with more control over the people. Did I overstep? Peace.
Most ASEAN is (at least in real life) capitalistic. The economy is booming and there are 3 times more young people ( that buy and will continue buying for a long time) there than in USA
Malaysia is interesting but not everyone can live there. You have to buy your way in and the price is large.
To be fair the US is the best place in the world to debt leverage.
Africa? LOL, I am still waiting for a Nigerian Prince to send me a box of gold!
FTA
Andrew has done that!!😐
We have land for 99 years lease 12,000,000. Usdollar.
great stuff, maybe a video on best countries to own a bar/restaurant/hostel/Air BNB etc thank you
OK Andrew. I have been suscribed to your vlog for quite some time. I am an expat living in So. América for most of the past 15 years. I have limited funds to invest. My past indicates my best opportunities are in real estate.
I have an opportunity to invest in a hospitality development, water front, in Colombia. I am prepared to invest $12,000 as a starting point. I know that is not a large amount of $$, but in Colombia is not to be ignored.
What would be your thoughts? Rafael
Man, Im Colombian; inflation, next political elections and Venezuelan migration... My advice for you? LEAVE ASAP. Im gonna do it next mont, Asia and Africa are on my list.
@@luisfelipecamposzuluaga1640 Colombia is unstable economy and migration problems?
Colombia is definetly on my radar.
Please give the US a break !
On behalf of the pitchfork people, we are coming soon! :)
It wont matter ....most of us are too smart for you...left the US 20 yrs ago and never looked back...have a fabulous life of privilege abroad...servants, gorgeous tropical home, low cost of living...I am safe from you all. TOO LITTLE and WAY TOO LATE to threaten me and most of us... Enjoy your pitchfork march
@@latinaalma1947 Hehe, was just joking around mate. Enjoy your tropical home. Best of wishes!