Why Rich People Should Live in Cheap Countries

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Join Andrew as we explore the strategic advantages of living in inexpensive countries for wealthy individuals. Discover the reasoning behind prioritizing stability and global diversification over traditional investment avenues. Learn how savvy investors can optimize their portfolios for sustained cash flow and long-term financial security.

00:00 Start
1:05 Finding the Next Investment Hub
6:31 European Options
8:01 Diversification with Emerging Countries
11:34 You Don't Need to Live There
14:00 Importance of Neutral Countries in Your Portfolio
16:05 Best Value City in the World
17:15 Realizing the Benefits of Diversification

Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."

Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.

Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.

If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[wualli]

I agree. No point in overpaying for living expenses

[uteatro]

An American friend of mine, sold his small apt in San francisco for $400, 000 and Bought 9 apts in Buenos Aires, Argentina. With 55 year old, he gets money from renting out and living the cash flow life.

[linserwayne]

"The secret to wealth creation is momentum" --- a very meaning-packed phrase! You could do a whole video just unpacking that.

[jceezee]

I'm now in Paraguay. Best thing I ever did.

[TsavoTouring]

We’re not high net worth or anything but are looking at multiple passports to better suit our nomadic / overland travel lifestyle. It would be cool to see a video for people who are financially stable/set who want to travel (sail/overland/etc.). Not the digital nomad stuff but more like retirees or those who could retire early.

[NapoleonDynamyte]

People don’t want opportunities. They want a great place to live that’s safe and affordable.

[USInvestorLending]

100% I moved from Miami, USA to Thailand 3 years ago never looking back

[TheBereanMan]

If you have a child in Argentina they automatically get citizenship and the parents automatically get permanent residency for life and can obtain citizenship if they choose at any time.

[reaver]

19:34 that's the whole game, very well said.

[pnola]

Nice casual presentation with your Earl Grey tea! As always, valuable information covered! Truly appreciated!

[haych]

the most amazing thing to do with having multiple homes in multiple countries is the range of interior decorating you could do to match the weather and mood of the country. I have endless ideas that are far deeper than my pockets

[jeffislearning]

Greatly appreciate off the cuff talks about recently mentioned topics.

[henrydl]

Irish citizens also recently got visa free access to China

[kellyname]

Keep in mind how a country handles pandemics. It is a huge window to learn how the people were treated. Because it 'will' happen again.

[ChristopherBalish]

Excellent content from the OG on this topic. Thank you!

[damonmelendez]

If you live in a ‘poor’ country, you do actually have a lot more freedom (if you have money) than you would if you lived in a ‘rich’ country.

[HotelEuropaBasak]

You promote freedom. I support you channel then.

[martinvho]

Rich people can live where ever the hell they want.

[theStacyJames]

I do. Works wonderfully. Thank you. Financial stress = Zero.

[Anonymous-hskm]

Of all the things in the world, Singapore doesn't lack money, . It is not that difficult to get in if you have entrepreneurial talent or a niche skill (not just money)