Best Passports, Visas, Countries and More Mind Blowing Facts! (Interview w/ The Nomad Capitalist)
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- čas přidán 16. 04. 2024
- Join Amelia And JP at Nomad Capitalist Live in Kuala Lumpur, Malaysia this September 2024. Save your seat at NomadCapitalist.com/Live
We're so excited to be on the Nomad Capitalist stage this year and even more excited that we were able to interview Andrew Henderson for our channel.
Andrew is quite possibly the foremost expert on visas, passports, expat taxes, and moving abroad.
This interview is like drinking from a firehose! He covers a ton of different topics and reveals his favorite places to live, invest, and visit!
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Wow. Two of my favorite YT channels combined. Awesome!
Wow, thanks!
@@AmeliaAndJP JP, was your spine issue a genetic condition or what instigated it? Was it painful?
Same here! Great stuff.
This is exactly what I was going to say! I love both channels, so this was an excellent video for me!
😮😮😮😮😮😮😮😮😮😮
Oh wow, bravo!! It's a red letter day when there's a video with TWO of my favorite YTers at once. Both of you guys have been, and continue to be, some of my biggest inspirations.
In KL this month..... Heading to Thailand for two months. KL is amazing. 😮
"3 places 4 months a year"... this is key. No visa nightmare, no local taxes. I agree with nearly all of his concepts. Probably would agree with all if I were wealthy.
Except, most places only allow 90 day visas. 4 places for 3 months each year is more realistic...
@@CumbiaDancer5678 true. Mexico is up to 6 mos. Panama is 180 days. Albania is 360 days. But yea if you were doing the Schengen shuffle you could do 90 days in between countries. I assume that is what most people are doing now. What the Nomad Capitalist is talking about is getting residency and hopping around 3/4. Which is not affordable for me.
@@anniesshenanigans3815 Albania is 365 days for US citizens. As a Canadian, I get 90 days. Thanks for the info on Panama. It used to be 90 days there for most everyone. Panama & Costa Rica were not allowing visa runs for the past 10ish years so, that change is a plus for people who want to stay longer. Peru & Chile used to give 6 months for Canadians. Now, they each give 90 days.
I'm more interested in SE Asian countries so, haven't really been keeping up to date on the Latin America market.
Latin America helps make slow travel more affordable by moving from typically one 90 to sometimes up to an approved extension to 180 days per year visitor visa per country. Just stay away from getting yourself into an unnecessarily more complicated tax situation if the country you were born in taxes worldwide income plus you stay too long and end up owing taxes in another country as well.
SE Asia is intriguing, and I'm keen to experience as much as possible. Travel to the region costs more from North America - but you could travel from a closer region if you are already there or plan strategically, and there are more - but not all - SE Asian countries which were only offering 30 day visas on arrival. Countries such as Thailand and Vietnam, for example, have now increased or are increasing - the number of days of their VOAs, if you're from a country which the host country finds on the list as eligible for such VOAs. Vietnam has brought back its 60 day VOA after reopening for 30 day VOAs following the beginning of the COVID-19 Pandemic.
It is possible for some people to slow travel from next door to nearby country: Many people begin in Latin America where those 90 day VOAs are offered and can often be extended up to 180 days per country.
It's important to enhance one's knowledge of world geo(political)graphy and languages which will be instrumental in not missing out on nearby affordable travel destination based on glaring gaps in geography and foreign language education from a young age...in the USA, for example.
Best wishes and happy travels Unconventionals who are searching for the different places in the world where your be treated best!
Thank you JP, Amelia, and Andrew! 💙🌎🌏🌍💚
@@c123ray Vietnam is currently at 90 day VOA & Thailand is forever stuck in the 30 day Visa Exempt for many countries.
Today, KL is the 6th most visited city worldwide. KL had more visitors last year than NYC so someone is going there today. Penang is the 13th most visited city.
OMG Nomad, I could climb through the screen and hug you for the comment on not trying to make one property serve all your needs. I have two air bnbs in Mérida Mexico and that is their purpose, short term rentals. My house is for me, for rest, retirement, a launching place for travel, etc.
Great conversation with my two favorite YT channels! My plan has changed several times over the last 5 years, partly due to my needs but also due to changes in visa programs. My cost of living in the US is so low ($1500/month all in) it's hard to find another country where I can live on less, so now my plan is to keep the US as my home base and spend 3 months in Europe and 3 months in Malaysia. That's my version of the perfect trifecta - no residency visa or tax issues and total travel flexibility.
besides healthcare sometimes it is cheaper to stay here in the US. When my mortgage is paid off it will be the same for me.. and I plan on doing some hopping between the continents.
@@anniesshenanigans3815Agreed beside rent, healthcare and services like getting your house cleaned The USA isn't that expensive especially when you factor in infrastructure and product choice.
More so if you need to fly back once or more a year.
Agreed I live in 🇧🇷 now but I like max out my stays abroad, 90 day visa I'm staying 89 days.
Something I thought about at the beginning of this interview was Andrew talking about how you can reduce your taxes almost completely if you have a business. Hasn't this been in the news over the past few years, talking about how people are not paying their taxes (or fair share of taxes) by using loopholes to get around paying? This is something some lawmakers, and the president himself, have been pushing, getting everyone to pay what they owe.
One of the great quotations at 14:50. Put the things that are causing you problems in the rearview mirror. As quickly as possible. Life is too short. You're not going to be able to change the system within your lifetime.
Wow! How did you get Andrew on your channel? Thats awesome!
We’re part speaking at his event this year 👍
@@AmeliaAndJP that is fantastic! You guys just unlocked the master key like in a Zelda game.hehe
Andrew has my favorite podcast! He is direct, speaks a clear English, gets to the point(s), and adds value! Where are you going to find that today? Amelia and JP, I do watch your programs, too. Thank you. Both great programs!
Interesting collaboration since I have viewed videos from both your channels. And with current politics in the U.S, I am ready for a major relocation.
I've watched this gentleman but his content is geared towards people with higher incomes than me and many others. Mexico is shooting itself in the foot with its newer visa policies. Ireland is quite expensive.
My favourite trio here👍
Hey Amelia and JP, are you speaking at this year's Nomad Capitalist Live in KL? Please let us know how it goes. I'm looking forward to seeing your travels in Malaysia.
A & JP, have you guys thought of or are you doing private consulting for families that want to expat but can't afford NC prices? I've been looking for help as an American on where to start (legal/accounting/banking/schools). This could be a niche that you guys could fill and I think you'd be good at it.
Great video. The only thing I would chime in on is that bank transfers don't always go as smoothly as they should.
Love you guys! So amazing !
Now that was amazing. Great interview.
Great show!
Great information. Thank you!
Always enjoyable to be Dreaming. When I slow travelled, I put all our furniture etc.. in a backyard shed. and rented our home out to pay for our slow travel. In retirement sold out of the expensive city, took the cash, purchased a base in a smaller town for cheap. The extra money from the downsize allows Slow travel through retirement. When slow travelling always need to know there is a base camp to return to for piece of mind. Just insure your Base Camp is modest and fits your needs if you can not slow travel at some future point in time. Look for towns where Industry's have closed, everyone has left, yet the town has change direction to a retirement haven, there are many cheap communities to make a base camp in, just have to leave the big cities. USA health costs do not work in this lifestyle.
Is your new base camp home in the USA? It’s so expensive now to find other homes so I’m thinking of buying overseas after I slow travel. I think I’lll just throw stuff in storage and sell my house in Los Angeles while I investigate other countries.
Have always loved Andrew. Just found you guys. Great post!
This guy's facial expression and hand gesture is priceless
Amelia and JP, there’s our Andrew, The Nomad Capitalist! Our 2 Top Channels.
Surprising, you’re both together, know of each other And You’re Interviewing him. Great, Neat, V Nice. Ty, plus Ty for Your Channel. Excellent.
Thanks! 😊
@@AmeliaAndJP You’re cordially welcome A & J, TY for your international research, info., and channel. (also, this info is v important eschatologically (end times) prophetic).
The USA, one must emigrate out of. Will send links on channel in future, for research, praying, evaluation. Definitely sending info for your / the channels knowledge. All good now. Thanks again, see A & JP channel soon - Pt. 1 (this info y give and The Nomad Capitalist, actually v. critical).
Just thinking now, here is an example of a great channel in the USA; it’s full of problematic news (lol, but not funny, really) just par for the course of what’s happening in certain key areas of the country.
This channel paints an important portrait - Michael worked in Real Estate, but he’s a great analyst of real estate data overall and what’s happening in the USA. Fascinating (in not really a good way).
CZcams, Michael Bordenaro Channel. He broadcasts, if that’s the correct wording, primarily within the Miami Beach area. But his commentary is National (not completely global yet - which he will surely be on board soon with that perspective…hopefully….shortly)
We intend to tell the Nomad Cap Channel we saw his interview with Amelia and JP Living Abroad Travel Channel and were thrilled.
Intend to tell him we saw the interview and were very happy to see it from two of our top channels we view. He knows us from prior commentary, etc., want to express our happiness with the interview. V Nice.
Thanks for sharing. 💯Great. Love Andrew and the info he shares.
great job, Amelia and JP, for interviewing Andrew!
What an exciting collaboration!
Excellent video. It's like the Jeet kun Do of living in the world.
Following Both 👍🏼👍🏼 - looking to do slow travel/trifecta on our pensions - SO wanted to go to the NC Live event but not in the budget so we don’t really fit the usual clientele 😢. Thanks for great content 🥰
Wow, this was awesome 👏
Thank you 👍🏾
Glad you liked it!
Congrats ya'll. Two rockstars on stage. Worth every penny.
I’m intrigued by the American obsession, or so it seems, with buying properties in foreign countries because they are so cheap.
I like a deal as much as anyone. Maybe more so. But…
If houses are cheap to buy… They are cheap to rent.
Why commit yourself to one country? Especially until you’ve seen a variety of them. And spent significant time in the one you might want to stay longer at. Are you willing to learn the language? Are you able to learn the language? Are you sure the culture won’t drive you crazy after three years?
Things that are fun and quaint in the short term might not be so after six months, a year, three years.
Resale can take a very long time ...
What a great discussion. I always like hearing what’s on the Nomad Capitalist’s mind. Thank you!
Wow! It was a 2 for 1 video! I love both of your channels, always great information, well done!
Wonderful to have Andrew on your channel! We’re reading his book now. Congrats on being one of the speakers at his live event this year!
Thanks!
x-lent show. big fan of Nomad Capitalist
Two of my favs! Andrew's channel started my thinking about a Plan B and has provided me with so much insight through his channel. Amelia & JP showed me another world and broaden my thought process. I've enjoyed both channels and all of your advice immensely!
Thanks!
Wow what a great video I listen to you both and Andrew he loves Colombia…
Learnt a lot from you both thank you
Glad you enjoyed it!
I follow both of these channels, this is awesome!
PS - I'm currently reading books: Nomad Capitalist and Expat Secrets! Review to follow...hahaha!
nice colab
We love watching both of your channels and have been inspired by your content.. thank you for sharing your experience and knowledge! 🙏
Thank you so much!
Wow this is wonderful! The two channels that got me into expat living in one interview 🙂
Awesome!
This was THEE interview to have on this channel. Great questions. Great insight.
Thanks!
Andrew NMC!!! He’s kind of $$$ Next Level!!! But great knowledge share!
Interview them Andrew.
When he mentioned Nigel Farage that was a deal breaker for me.
How cool to interview Andrew!! 🤩
My favorite CZcams celebrities! Now I’m trying to find some other country to get out of Commiefornia. It’s nice to find some other people with the same mindset. It’s frustrating here finding people to talk to about my plans. They all think I’m crazy to want to sell my house in LA and go slow traveling.
❤
Andrew Henderson of Nomad Capitalist is the best!!!!
Have watched a lot of Mr. Anderson. WOW!! Cool interview!! how much does it cost to attend the Kuala Lumpur symposium?
Last year Nomad Capitalists Live in Kuala Lumpur, Malaysia, was $20k USD in 2023 when a ticket was bought in advance. I only know this from watching Andrew Henderson's Nomad Capitalist Videos and subscribing to his emailed newsletters.
I would not live in any hot country! So many recommend Asian countries bc they are cheap . You have to look at quality of life and healthcare .
👏👏
Andrew has tons of knowledge about investing & obtaining additional passports here overseas.
Great podcast.
Question please: why the negative sentiment regarding banking in Ecuador ? Surely Cosede covered CD’s are a viable option particularly if you come from countries that have significant ongoing losses vs the USD.
I think their point was that they wouldn't put a LOT of money in Ecuador. I don't think 30k in a CD ist what they were referring to.
COSEDE only covers $32k. Andrew was talking about where to put a million or more and Ecuador is not the place for that much money.
Okay, thank you, point taken - however as in all things there are “thresholds”
Also there are different situations ie. If your source income is in USD or Euro’s your situation is different to someone who has negative currency arbitrage (7% loss per annum😳).
200k in multiple CD’s across multiple / 3 banking sectors would make all the difference (?)
I hope Henderson does an interview on a Mexico Expat channel!
Mexico has become expensive in a relatively short period of time.
@@manuelericmijangos499 Most areas of Mexico are still very cost competitive compared to most areas of the US. And the areas in the US that are cost competitive I would not want to live in.
The opportunities are getting narrowed it's necessary to get the money and the residences quickly before the countries and their opportunities are closed.
What a great collab! This was a long time coming!
Indeed!
“Go where you are treated best “❤is a new cult on planet earth! May be it would be the latest religion on the world scene! It has changed so many lives all over the world!❤
my two favorite channels at once, a real treat, thank you.
Glad you enjoy it!
12:15 Thanks, Amelia, for making the point about not taking your lifestyle with you.
Perhaps the most important few sentences in the interview.
Got rather tired hearing about bank accounts, avoiding taxes, and where I'm going to put my millions of dollars. 😢
Wow, looked at their web site. This guy charges $28,000 to help. Really?
He caters to super high wealth individuals.
@@goldvideo Yup. It would be nice if there was a service that did not only help high end investors. Even if it was just to identify possible passport options based on ones situation. How difficult could that be?
@@whacked00 To be honest with you, Andrew gives great advice on his videos. I did a intro consult (gratis) with one of his staff a few years back and she was very helpful and gave me some good ideas that I ran with. Maybe those on a budget could do the same.
@@goldvideo yeah, think Andrew and JP/Amelia are speaking to entirely different audiences. This showed when he mentioned Ecuador and Albania being “cheap countries” where JP/Amelia have spent time. I saw that as being exclusive. He said this twice.
No wonder he is recommending Switzerland, the most expensive country in Europe.
Is "optionality" a word???
Caught its repeated use; not a big fan since "options" or "alternatives" would suffice.
not a fan of this cat. granted, only watched a few minutes but during that time the term "smug" kept coming to mind
Very cool. But KL is really not a common choice for nomads.
I wonder if Ireland would award citizenship based on DNA results. I am 14% Irish based on a reputable DNA test. I am also a EU citizen which should support my application.
I don’t think that’s how it works but worth looking into.
@@AmeliaAndJP Did some research and found that DNA is currently not a path to citizenship. All the programs I found require proving decent via documentation. I received my Spanish citizenship that way.
Having watched many NC videos...I just don't get the idea of collecting max amount of passports available, that he seems often to push. You don't need 6 passports and 6 taxmen. Keep it simple. Two, maybe 3 is enough if you want to stay in 2-4 countries per year, every year. Choose wisely. I've been many times a 'snowbird' in Spain, enough warmth, history and culture for me. I'm from Estonia, so I have EU passport and ID which is great for EU countries and is kinda quality mark for ROW, but visa rules with non-European countries are agreed on a 1:1 basis, not centrally in EU, so my passport is probably weaker than what neighbors in FIN or SWE have. For historical reasons I would never move to slavic country. Also majority Islamic countries are a bit..., though Malaysia looked mostly quite nice.
Same….there’s a bit of flexing going on here.
Third
Switzerland, the most expensive country in Europe? Really? Clearly, this guest's target audience is made up of wealthy individuals.
lol I would not recommend living in Egypt or investing in it.. for multiple reasons 😅
I try hard not to make negative comments on social media but this guy is part of the problem. JP would you have gotten better healthcare of the rich paid their fair share? Promoting the idea that you should travel the world using these countries for their roads, police, fire departments, schools.... And contribute nothing. Unethical in my book. Helping the rich use the US system to make all their money but then take advantage of every loophole to avoid paying their fair share? This is part of the reason the US middle class is gone.
I have enjoyed your videos because you represent many of us who want a place in the world where we can live without the consumerism and greed that has taken over the US. This guy represents the anthisis of that.
Fair point, I reckon.
Thanks for disagreeing so respectfully. We don’t agree with everyone about everything, but this is a great opportunity for us to get our message in front of a much larger audience.
Individual working age people like us minimizing our tax burden is a lot different than corporations that lobby our government to pay zero taxes or even get money back in the form of subsidies.
The issues with healthcare in the US have nothing to do with paying more taxes. It’s a corrupt system that puts profits above people. I have no confidence it will ever be resolved in my lifetime, and thankfully was able to leave and get it somewhere else for a reasonable cost. We pay for private insurance and other costs ourselves. We don’t use the public system.
Healthcare hasn't gotten worse in the United States because of a lack of money going into the system.
As a percentage of GNP, we spend significantly more on healthcare than the next highest country. The last I checked.
In other words, we pay more than anyone else in the world by a lot. And our metrics have been getting worse every year. No matter how much money goes into the system.
The same thing is true of our public education system. The United States has always been one of the highest spenders on education on earth.
And our educational outcomes in grade school education keep getting worse and worse. It's not a question of lack of funding.
Not a fan of this guy .... he oozes arrogance.
He's the best speaker ever, no sugar coating.
Nomad Capitalist videos were great for awhile and then he started getting political. That and his philosophy of seeking places where he doesn’t pay his fair share really turn me off. My attitude is more aligned with a cooperative society. I do check out his videos every 6 months to see if he’s reverted to being less American/go where you contribute the least- maybe he’s stopped the political rhetoric?
Feel the exact same way as you do. Although I don’t visit his channel anymore.
Maybe you’ll learn something from him. It’s good to get different perspectives on politics and ways of life.
Same. Was a little surprised so see Amelia and JP rubbing elbows with this guy. He’s always talking about where to park your money and how to avoid paying taxes. I could say more but I’ll stop there. But I saw him 2 years ago and my first thought “He’s all hat, no cattle”
Pay your fair share? The United States is fairly unique in that it taxes income earned while you are in other countries.
Most countries don’t do this. They only tax you for income earned within their territory.
The logic of that is obvious. Because you’re not getting any government benefits or services.
I'm not sure that fairness is the right term to describe the system.
What part of my income is a government’s “fair share”?
Colombia too much scopolamine. Very good interview.
You kind of lost me at "Nigel Farage."
Nigel is a jewel 💎 of a person
Yeah he mentioned being tired of the political discourse as being a reason to move and then says of all people Farage is speaking at his event lol. Why not bring in Tucker Carlson too.
If he rails against paying taxes, who pays for the services (including the military to keep us safe.)…wish I was a fan.
@@janhertzberg1797 I get the impression these are people gaming the system. Paying taxes that support the system is “for other people.” And yet they also pay a price for the nomadic life they lead. Not everyone is cut out for constant moving and change. Plus I would think it very difficult to have children in this lifestyle, and furry family members that give so much joy.
JP in a dress shirt? NOOOO!!!! :)
😂
He renounced his U.S. citizenship. That's a bridge too far in my book.
Why keep citizenship in a county which taxes your income wherever else you live. Citizen of the US is a prisoner of the US tax system.
Agreed. And it’s not cheap to do so. If you own property in the US and have a 401k there, you have to sell both and pay the govt their 30% before you exit the US. So, then you’ve now got no US passport (nor passport-preferential way to get into the US to visit family), and you’ve already paid your future taxes. And, the state dept doesn’t have to grant your request to surrender your citizenship. If there is another world war or major skirmish in the world, I’d much rather have the US passport and safety than save a few bucks on taxes. And btw, taxes in many of those countries he spoke of are quite high compared the the US (Spain and Italy, 45%+ plus each has a wealth tax, which taxes your global assets every year), and yet most have tax treaties with the US to prevent double taxation.
Tax is theft. The IRS is a scam. FIAT monies are a world wide scheme. Get in your own hands some physical Silver coins before they become inobtainium...