Nomad Capitalist Audio Experience I Paid Six Figures for a Bad Passport. Heres Why
Nov 23, 2025
Discover why a seemingly 'bad' passport, like Cambodia's, can be a shrewd investment. The discussion dives into the benefits of geopolitical diversification and the unique opportunities that come with Cambodian citizenship, including access to restricted investments and land. Learn about the value of regional citizenship for identity and the myth of visa-free rankings. The podcast also touches on the strategic implications of ASEAN trends and the potential for rising passport quality through diversified strategies.
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Passport Value Beyond Visa-Free Travel
- Andrew Henderson argues passport quality isn't just visa-free travel; other strategic factors matter.
- He prioritizes building a stack of passports for mobility, ID options, and geopolitical hedging.
Build A Passport Stack
- Do build multiple passports rather than relying on a single second citizenship.
- Use different passports to cover travel gaps and to diversify identity and options.
Citizenship As Investment Access
- Cambodian citizenship grants investment and ownership rights locals enjoy but foreigners often don't.
- That access can unlock low-cost land and property deals unavailable to non-citizens.