Nomad Capitalist: Reclaim Your Freedom with Offshore Companies, Dual Citizenship, Foreign Banks, and Overseas Investments
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Nomad Capitalist: Reclaim Your Freedom with Offshore Companies, Dual Citizenship, Foreign Banks, and Overseas Investments

Building your personal list of focus cities takes time, so this is a strategy that is best used by recovering perpetual travelers, or people who are willing to visit a rotation of cities frequently enough to get used to them. It has taken me almost a decade to develop my list of focus city candidates: Dublin, Warsaw, Brussels, Riga, Tbilisi,
... See moreThe Trifecta Strategy also allows you to enjoy a lifestyle buffet: the big city, the small town, the beach, and whatever else it is you are after. And if you choose your countries carefully, you can get second residence permits and eventually passports in return for buying property. Just make sure that you follow the tax rules in each country so
... See morehaving one foreign base can start to look a lot like being a traditional expat if you do not travel much. That is where the idea of multiple bases comes into play to create the Trifecta Strategy. The “tri” comes from the ideal of setting up at least three bases so that you can split your time between each one, never spending enough time in any one
... See moreMy first base was Kuala Lumpur, Malaysia. It is a great base, especially because it gives you access to two airlines that fly everywhere very affordably, plus quick access to Singapore for even more options. KL is also a great base because you can bank and store your assets in neighboring Singapore while living in the more interesting and
... See morelocation independent business has exploded and will continue to do so. However, I predict that the next wave will be what I call Digital Nomad 2.0: businesses that are not only location independent but government independent as well. These businesses will not rely on any one country, nor be burdened or rendered uncompetitive by one country’s rules
... See moreIf I have $10 million in cash, I am surely going to diversify it across multiple banks and, with the Nomad Capitalist mindset, I am going to diversify it across multiple countries too. Economic events in one country can spread, but they are less likely to spread to other unrelated countries as they are to spread to other banks in the same country.
Rather than fight to get accepted in the Singapore of today, Mark decided to focus on identifying countries on the way up and to participate in their ascent. He is smart to do so. Going where you’re wanted is a crucial part of going where you’re treated best. Emerging markets want investors today, whereas Singapore does not necessarily need them
... See moreThe Forty-Year Plan Part of this philosophy is the idea of a forty-year plan.
Warren Buffett freely admits: the success of Berkshire Hathaway has largely been based on a few big hits. His mantra is that “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”