If 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.

national governments love it when you hitch your entire wagon to their cart. It makes their life so much easier. They want all your bank accounts. Every dollar, euro, and shekel you own. They want your real estate investment to be within their borders. The want all your personal assets – from cars, boats, and airplanes to gold and silver bars – to

Decades of media portrayals of illegal offshore activity have made the public think that merely having an offshore bank account is illegal. But not every offshore transaction is made with stacks of cash, private jets, and numbered bank accounts. When I explained to my dinner guest that, were she to move to London, she would open a British bank

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.”

My 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

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

Planting a flag can be as simple as moving your server from the United States (with all its crazy laws for website owners) to Iceland where privacy is sacrosanct. You can do that in an hour. Other strategies might take a bit longer, but with the right plan, you can go where you’re treated best in every way possible.

Travel Action Steps: Consider traveling to the different locations on your spreadsheet. Plan a vacation to destinations of interest to scope out the area for living or investing or make a note to stop at a local bank on your next business trip.

The End Goal Again, the key is to run toward something, not from something. Run to the freedom to do with your money as your conscience sees fit, not away from a government that takes it away from you. Focus on the end goal.One of the mistakes many people make when starting this journey is that they get angry, criticize the government, and look for