Modern Wisdom

#740 - Nomad Capitalist - How To Travel The World And Pay No Tax

210 snips
Feb 3, 2024
In this engaging discussion, Andrew Henderson, founder of Nomad Capitalist and global citizenship expert, shares insights on living tax-efficiently while traveling. He explains the benefits of dual citizenship and offers practical travel hacks to minimize tax liabilities. Andrew also discusses the challenges U.S. citizens face with global taxation and presents a 'trifecta strategy' for maintaining multiple homes across cultures. Tune in for valuable tips on navigating international residencies and exploring attractive tax incentives in countries like Italy and Greece!
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ADVICE

Go Where You're Treated Best

  • Go where you're treated best to optimize for taxes, citizenship, and opportunities.
  • Consider factors like taxes, regulations, and business opportunities when choosing a location.
INSIGHT

Challenging Birthplace Bias

  • Your birthplace shouldn't restrict where you live, work, and pay taxes.
  • The world changes, and even if your birthplace was ideal, it may not be today.
INSIGHT

Cultural Displacement and Adaptation

  • Cultural displacement can occur when living abroad, but adapting is possible.
  • Focus on shared human motivations and find places with agreeable cultures.
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