@@Jroc834In some cases, it’s probably because they don’t know, what they don’t know. They’re sold this dream that the U.S. is the promise land, and it’s not until they live in it first hand, are they able to see the realities for what they are. However, in many cases, people are coming from very poor countries where their economies and spending power is very poor (a low spending power in the context of their home countries and in the context of being able to afford traveling to other countries). So if they have networks in the U.S., they can gamify it in such a way, where they’ll live in a house with many people to make that piece affordable, work multiple jobs for 5-10+/- years, all while sending as much money (U.S. Dollars) as possible back to their families in their home countries (where the spending power of the dollars they make in the states, exponentially multiplies). Once they save up enough money, they go back to their home countries and live like kings/queens.
This reminds me of being a teenager in the 90s and how everyone listened to X kind of music and would ridicule people who prefer the other kind. Then when we grew up we all realized "who cares? if they like it, good for them." Some of us genuinely want to live outside of the US for financial, social, or lifestyle reasons, or, most of all, a combination of all three. If someone is fine living in America, it's really good for them. Some of us just want something different.
'This reminds me of being a teenager in the 90s and how everyone listened to X kind of music and would ridicule people who prefer the other kind' Well this is a bit more than 'musik' this is basically determining one's future and life or death. However its funny you mention about teenagers in the 90s because as a kid I wondered why certain heavy metal bands hated each other and planned assassinations or takeovers. By the late 2000s that had mellowed out though and these Amerikaner bastards came in and began the mass subversion of cultures..
Some people just don't have the guts to say: Hey, Nomad Capitalist team you're doing a great job and I tip my hat to you. Go where you're treated best!
Nomad Capitalist is right 👍 I watched Alex Hormozi's video about this topic and it feels like Alex is either misinformed or doesn't want to accept the facts 🤔
I encourage young people (let's say under 40) to take Andrew's advice. As a senior in the USA I wish I had done this 30 years ago. By the time you are on Medicare you may not have the energy, health, and/or be too family/friend connected to feasibly try this. Go for it.
You 'seniors' should have hung the WEF puppets 30 years ago than we young people would not have to do Neo-dodging moves just to ensure our families futures..
Medicare and the way seniors are treated is a disgrace. Meanwhile, Medicaid pays for just about everything- and why? Because it’s run as a ‘free gibs’ program for certain demographic groups. Senior citizens who have been productive their entire life get the shaft. This government is hellbent on transferring the wealth to the certain ‘favored demographic’ groups. We need to vote with our wallets, every $ we spend in the US goes to propping up a system which is hostile to us.
I love your channel. I think it's very informative. Living in a cheaper country it's not necessary a bad thing. People in the US would be impressed to know how much money some Chileans have. I am not giving up on my dreams, just because I live in a cheaper country. We just moved here and we are about to start a business.
I would say leaving America is not even a compromise. America is becoming a shithole. The nation is divided; politically and culturally, people are angry and overly aggressive, cost of living just keeps going up, healthcare is a joke, school shootings every week, safety and security is at an all time low, etc. Who in their right mind would want to live in the US?
@@margaretburnham5683 we actually started three UA-cam channels in the meantime we could get all the stuff to start the HVAC business running and those channels have been doing so well, that we barely have time for the HVAC business. We still haven't advertise the business, but by word of mouth we keep getting new jobs. We will still do it, because my husband loves it. And it won't be a full time thing, but we will definitely invest more time on it. He already has all the equipment needed
Yup. Only the dumbest and most brainwashed (and unfortunately also the poorest) are not planning to get out of the country ASAP. The ship is going down, and our leaders are busy polishing the brass. Get out now.
I moved to a country half-time where I'm respected and not treated like a piece of sh*t. The people are kind, respectful, and too busy enjoying their lives and their freedoms to be screaming about what someone else has that they don't...and blaming me and others like me for their pathetic problems. Nothing left to say.
I figured this out in 1989. Moved from the USA and was an employee. Saved, invested, and only paid personal income tax to the US once in 32 years. Found employers in 3 different countries who took care of my lodging, travel, insurance, utilities, pension, even some food and delivered water, to name some of the benefits. Now a multi-millionaire who, in 1990, had only $22K in wealth. I still have my citizenship, but I also have 2 permanant residencies, so I have options. It is still possible today, but my "industry," honestly, is horrible unless you are a leftist now. I don't imagine many reading this comment are.
I have moved from UK where you get slaughtered every day not just for tax but every aspect of your money and freedom to Bulgaria where you generally are not hunted down every day, and an important point I moved for more breathing space. And I like local supply chains and a cash oriented society. Its not Utopia but suits me.
Greetings fellow traveler. Bulgaria rocks, personally enjoying Plovdiv. Winter has been a bit cold, but that's a small price to pay. Way better than home.
You help me see the light on so many levels, you don't owe anyone anything, especially to a youtuber, thank God you are gracious enough to stop your time and put out content, this is why I don't share content, a lot of ignorant haters on youtube, thanks for sharing what you know.
I know someone personally who was in debt in North America. Moved to a tax friendly place years ago, he told me it would have been impossible to pay off debt with the tax and cost of living burden. I see his social media posts from his travel all around the world vacationing and living it up. He keeps trying to convince me to take the plunge.
My major concerns don't even involve taxes. I wanted a better quality of life. For the most part, English-speaking countries are experiencing a massive loss of freedoms and their populations are in collapse. Their demographics combined with their governments are an equation for failure as a society.
During our 30 year military service, we had the privilege of living in many exciting countries like Japan, Jordan, Botswana, Finland and many more. We loved that nomadic lifestyle so much that after retiring, we joined a company that allowed us to continue living this fantastic life. We don't own a home anywhere in the world, our plan is to continue traveling until our old age then settle down near one of our children or other close family members.
My gripe with taxes is they are spent on things I do not agree with. Having a non-representative form of government which is two cheeks of the same butt determining how to squander money is abhorrent. Paying is NOT the issue, it is paying for nonsense, folly and stupidity that irks many of us.
What I love about this channel, the book and your message is that it is about where you feel you are treated best. You provide a full platform on all areas of moving outside of the US and the impacts however the premise remains that you live where you feel you are treated best. Taxes, 1 part of that is critical to many but may not matter to all. It's about the whole not the part
Legally avoiding taxes is the only check we have against confiscatory taxation. If there is no consequence to taxes then countries would take everything you have.
Don't put all of your eggs in one basket. That statement comes from one of the most sold books in history, Don Quixote. It says in its text, “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.” What was true then is true today. Andrew is voicing advice that has been relevant for centuries. Go well.
I’ve seen some of his videos. I wasn’t impressed. He’s half fitness influencer , half business guru. He seems like a guy who is really trying hard to not seem like he’s trying hard to impress 20 year old dudes online. It’s a tiring trend.
Once again you gave an extraordinary lesson not just in fiscality and taxation, but also in entrepreneurship mentality and in ethics, when you talked about give and charity Congratulations Andrew!!
Alex is an erudite in his area of expertise, but sometimes he gets off track a little and talks negative about things he has no experience in. He would be an excellent speaker to invite to Nomad Capital conference.
Thank you Andrew for your work on this subject. We don’t have to be held hostage to a government which does not represent our needs. We do have options and thanks to you, may people’s eyes are being opened to the possibilities.
Andrew, my dude. You benefited me with your advice and here's mine to you: Once you notice a negative person, just remember us, all the ones that appreciate you, we're the significant majority. It's easier said then done, but just take a breath and do it, and do it with pride.
Well said, I saw Alex's vid and had the same thoughts. I appreciate that you took this head on and can have a legit discussion without name calling and nonsense.
Love this guy, I have travelled and been to many places but I was never taught to be a entrapeniour, but rather a worker and saver but we all know that does not create real wealth. At 56, I opted out of the system, have some investments and small pension but I want to learn how improve my life (and give it more purpose)through starting a business. I agree go were your treated better. I always felt more at home overseas than in the USA.
It sounds like Alex Hormozi is not of the nomad mindset, and that's perfectly fine. However, those of us that are, actually want to live that lifestyle overseas, and not be stuck in one place. I don't think a "non-nomad" should have any bone to pick with us.
I can see Andrew is really emotional about what he believes! Being American is not for everyone! Some Americans love to live in Asia and rarely go back home!
I agree with everything you're saying. also as a longtime viewer of Alex Hormozi as well I believe the soul of what he was saying was something like " the number one priority for a successful entrepreneur is business growth and scaling, the highest ROI an entrepreneur can have is almost always actively pursuing that growth and scaling, don't be distracted by small scale things such as taxes and corporate structure, focus on growth" While I also believe that growth and scaling is paramount, the lifestyle ROI and tax ROI for going offshore are unbelievable. Alex hormozi himself even says that he loves "set it and forget it" solutions, where you do something once and permanently and perpetually see results. Perhaps if you and Alex really got to talk maybe for a few hours, he'd likely come over to your side because you have an important part of the equation that he likely is missing. Love both of your guys' stuff keep it up!
Andrew you are right, and always been my role model, they make a video against you because they feel jelous, because they don't have the guts to move overseas. They rather stay and be a tax slave.
When you don't have to think AT ALL about how much you spend, because all of your expenses have been dramatically reduced, you'll realize what true freedom is. I lived in a brand new building in Hollywood and now live in Cancun. Cost of living is night and day.
I agree, we all can live full life anywhere according with our values and goals. When you ready for such change on business and life move to a different country, people around you certainly feel fear and think is not possible so put in front the person who wants to move many difficulties. Nowadays everything is more possible than ever, there is always a solution to each part of our lives. I passed and passing through these fear people many times (family, friends and relatives), so I protect myself (mind and feelings) and goals acting quietly then just show the results. I am really grateful for your channel, your job. I found out your channel through Raiam Santos from Brazil.
Learning the most commonly made logical fallacies in arguments is, in my opinion, a skill as valuable as any. When Alex says "a REAL entrepreneur does blah blah blah", I hear "this is a True Scotsman fallacy and this guy is speaking from emotions, not facts". It becomes a lot easier to decide what is worth listening to, and how much weight to give it. Well said, Andrew, especially the bit about philanthropy. "You cant give from an empty cup".
The thing that keeps confusing me is the blanket statements about how you pay less offshore than in the US. Aside from the healthcare system, you'll be hard-pressed to find lower tax rates in most places with a similar market to the US. I don't know anyone who's ever paid a 50% tax bill in the US outside of New York and California.
I like that you say: by making more money you can help more people. If more of us could access more wealth and be as altruistic the world would be such a better place. Money would be more evenly distributed. Thanks for your great videos and dedication to educate others. 😃
One subject I would like to learn a little more about is foundations. It seems some of the wealthiest people who stay in the US have foundations. I've heard it said that a foundation is designed to dodge taxes and effectively launder money.
This is exactly the same argument as the working from home one. If your entire business is online then there's no reason to spend money renting an expensive office
Andrew is a gentleman, and his entire attitude speaks of that. He also knows what he’s talking about. I live in the US, but I don’t think moving out means you hate your country and your life. Thank you Andrew for all your good work.
I am ACT60 in PR which is the replacement for act20/22. Saved 400 grand for 2021 that I would've gotten zero for. I haven't spent 400 grand in my entire life and the government wanted my money. Well, I say no.
As someone who is using one of his businesses to operate mine, I find it funny that he says to deal with the US taxes and not find ways of doing things different and for cheaper. He literally gives examples of how he eats from fast food restaurants in order to save money. Lol He also only sells high ticket prices on his programs and in my opinion bait and switch tactics by marketing FREE training programs. I applaud you in your efforts to stay classy with this video and I look forward to being an expat one day. 🤙🏾
Many of the solutions that you propose do not require 7 or 8 figure fortunes, so I find the way you position Nomad Capitalist to be a bit ..... "only for the very rich." A whole bunch of these places have barely need a need for more than a couple hundred grand and a couple thousand dollars of monthly income! Maybe to be your client we need a bunch of dough, but it bugs me that it all has to be framed in this somewhat pretentious way. I get marketing and the want to be high end or appear exclusive, but it really is pretty condescending. Free information is greatly appreciated, but watching your channel, gaining actionable info when I have 6 figures makes me relatively worthless every time I gain info from you.
Nothing like a man who can get you to safety, the main function of a man. I call you to Mr. Escape. Love your content, you show OPTIONS. You are just AWESOME. So glad you have a wife, hope she treats you well, so you keep saving us.
"the girls in Europe like me more" the phrase of the broadcast. a lot of men, in particular black men are begining to come to this realization in addition to other countries.
I think it’s up to everyone to choose where they want to live. I think we need to seriously fix this country but sometimes there’s no choice but to leave
Advantage Andrew. There's a lot to be said for putting yourself in situations where you are forced to grow. There will never be a perfect time. You've just got to take a leap of faith. It's been six weeks since I returned from Tbilisi and despite the madness going on in Ukraine, I am still a believer. In fact it may be the very best time to invest in an apartment there. I already have a business structure and bank accounts setup.
Alex's argument, ultimately, rests on Prestige. The US--for now--remains a high Prestige country. As the current global hegemon, the US has the highest Prestige in the world. Businesses gain from that fact, and it adds real value to their brand, which translates into revenue on the balance sheet. The problem is that Prestige is fleeting and illusory, and therefore it is a high-maintenance affair. Those that care for substance over Prestige have no problem accepting Andrew's premises regarding going offshore. Nevermind the tax benefits, the practical liberties, etc.; what matters is that going offshore can be (and for the savvy and competent, is) a superior way to erect and conduct business operations than relying on one government's Prestige to be the cornerstone of your company's value, so long as you can maintain the conditions needed to do so. The problem with Andrew's argument is that it relies on a free and open world. That is now ending. More countries are closing off, and regional blocs (often antagonistic) are forming. Governments are coming in worldwide that will explicitly privilege their own nationals (regardless of citizenship) over aliens and foreigners (regardless of citizenship), further deconstructing the global economy, and they care not for the arguments of outsiders no matter how wealthy or savvy they are- you are not one of them, so you don't belong, and you never will so get out. In a firmly autarchic world where global trade is limited, a country's Prestige matters greatly. In a globalized world economy, it does not. Prestige doesn't require globalization; one can be king of it all while being firmly self-sufficient, as the US and the UK were when they became the most prestigious countries (and thus global powers). And we are reverting back to that limited global world order.
Well, Rome did not remain on top forever so the US will indeed lose her prestigious place. As for an open and free world, I guess I am just waiting for the one-world government that has been in the works for decades. Once digital currencies become the norm with the global ID system and social credit system, the world will no longer be free the way we define what freedom is.
Hi Andrew, You are an awesome person, although I don't know you personally. Enjoy what you do and you don't need to defend yourself over your choices to anyone. I ENJOY watching your videos and thinking maybe ask your advice on my matters! God bless and keep up a good job enjoying your business model and you life, first!
I've followed Andrew for quite some time, likely due to a similar thought process and goals. There are always going to be naysayers or people who don't subscribe to his philosophy and objectives. By all means if you want to "stay where you're treated worst", then you have the right to do that. I would counter the naysayers by saying if you don't believe you could be an entrepreneur abroad, are you really ready for the challenges of the international world and entrepreneurship? When things get bad or even when they are good, it's important to adapt, plan and hedge your risks in life and you can choose to be the "Ant" or the "Grasshopper". Cheers everyone.
Im not one of your clients, however, you're TO ME, A Bespoke Original.. You're likely to get a lot more haters with all the "wild indices" Especially in "Legacy Brand" Western Countries..... you of course know this but I think the trolls (even if you're nice about it). Will be getting in your face. You're Awesome ++++++++
Spoken as a true gentleman, and one that sure knows what he is doing. I greatly admire the grace with which you conduct yourself Andrew.
Thank you, sir.
Well done rebuttal...as it should be between two successful entrepreneurs that disagree on some points 😊.
@@Jroc834In some cases, it’s probably because they don’t know, what they don’t know. They’re sold this dream that the U.S. is the promise land, and it’s not until they live in it first hand, are they able to see the realities for what they are.
However, in many cases, people are coming from very poor countries where their economies and spending power is very poor (a low spending power in the context of their home countries and in the context of being able to afford traveling to other countries). So if they have networks in the U.S., they can gamify it in such a way, where they’ll live in a house with many people to make that piece affordable, work multiple jobs for 5-10+/- years, all while sending as much money (U.S. Dollars) as possible back to their families in their home countries (where the spending power of the dollars they make in the states, exponentially multiplies). Once they save up enough money, they go back to their home countries and live like kings/queens.
Just for context I’m in Canada.
Me paying 44% tax is basically me working for free like 2.5 days of the week. That can’t be smart lol
Tax is THEFT. Time to leave Sh*t-ada for good
I’m in NYC. Between federal, state and city tax I pay like 47%
@@MatrixDeception722 Why anyone would live in NYC is beyond me..
Try paying that percentage when you literally can't use any public services... And welcome to South Africa
I’d leave Canada if I were you 🤷♂️
This reminds me of being a teenager in the 90s and how everyone listened to X kind of music and would ridicule people who prefer the other kind. Then when we grew up we all realized "who cares? if they like it, good for them." Some of us genuinely want to live outside of the US for financial, social, or lifestyle reasons, or, most of all, a combination of all three. If someone is fine living in America, it's really good for them. Some of us just want something different.
A “Real McCoy” for the year 2022 !
'This reminds me of being a teenager in the 90s and how everyone listened to X kind of music and would ridicule people who prefer the other kind'
Well this is a bit more than 'musik' this is basically determining one's future and life or death. However its funny you mention about teenagers in the 90s because as a kid I wondered why certain heavy metal bands hated each other and planned assassinations or takeovers. By the late 2000s that had mellowed out though and these Amerikaner bastards came in and began the mass subversion of cultures..
Just like Andrew said, Go where you are treated best. Its not about numbers, its all about what you find peaceful.
Well said.
"Go where you are berated best"
The Sadomasochistic Capitalist, reporting from Portland
The entire video can be summed up in just eleven words... "the world does not begin and end with the United States"
Frankly, the American citizens would be surprised to learn how many world citizens are anti-Americans.
💯 agreed
Living in USA is no longer a status symbol.
Amen to that.
That's too much for the USAs to take in. hahah
Some people just don't have the guts to say: Hey, Nomad Capitalist team you're doing a great job and I tip my hat to you. Go where you're treated best!
Nomad Capitalist is right 👍
I watched Alex Hormozi's video about this topic and it feels like Alex is either misinformed or doesn't want to accept the facts 🤔
Link?
@@lukemccandless4314 If you search on UA-cam "alex hormozi tax", you'll find it. It's a long video
He must be bought & paid for
@@LearntoMakeHonestMoneyOnline is it the one that’s about 35 minutes long? Thanks.
@@TazExprez yeah
I encourage young people (let's say under 40) to take Andrew's advice. As a senior in the USA I wish I had done this 30 years ago. By the time you are on Medicare you may not have the energy, health, and/or be too family/friend connected to feasibly try this. Go for it.
You 'seniors' should have hung the WEF puppets 30 years ago than we young people would not have to do Neo-dodging moves just to ensure our families futures..
Medicare and the way seniors are treated is a disgrace. Meanwhile, Medicaid pays for just about everything- and why? Because it’s run as a ‘free gibs’ program for certain demographic groups. Senior citizens who have been productive their entire life get the shaft. This government is hellbent on transferring the wealth to the certain ‘favored demographic’ groups. We need to vote with our wallets, every $ we spend in the US goes to propping up a system which is hostile to us.
Are you too old to buy a condo in Mexico?
I love your channel. I think it's very informative. Living in a cheaper country it's not necessary a bad thing. People in the US would be impressed to know how much money some Chileans have. I am not giving up on my dreams, just because I live in a cheaper country. We just moved here and we are about to start a business.
Very happy for you Nelly 😎
Hope you succeed. 👍
I would say leaving America is not even a compromise. America is becoming a shithole. The nation is divided; politically and culturally, people are angry and overly aggressive, cost of living just keeps going up, healthcare is a joke, school shootings every week, safety and security is at an all time low, etc. Who in their right mind would want to live in the US?
It’s been a year.
How is the business you planned to start?
@@margaretburnham5683 we actually started three UA-cam channels in the meantime we could get all the stuff to start the HVAC business running and those channels have been doing so well, that we barely have time for the HVAC business. We still haven't advertise the business, but by word of mouth we keep getting new jobs. We will still do it, because my husband loves it. And it won't be a full time thing, but we will definitely invest more time on it. He already has all the equipment needed
I think most Canadians are whole heartedly agreeing with you right now.
Yup. Only the dumbest and most brainwashed (and unfortunately also the poorest) are not planning to get out of the country ASAP. The ship is going down, and our leaders are busy polishing the brass. Get out now.
I moved to a country half-time where I'm respected and not treated like a piece of sh*t. The people are kind, respectful, and too busy enjoying their lives and their freedoms to be screaming about what someone else has that they don't...and blaming me and others like me for their pathetic problems. Nothing left to say.
I figured this out in 1989. Moved from the USA and was an employee. Saved, invested, and only paid personal income tax to the US once in 32 years. Found employers in 3 different countries who took care of my lodging, travel, insurance, utilities, pension, even some food and delivered water, to name some of the benefits. Now a multi-millionaire who, in 1990, had only $22K in wealth. I still have my citizenship, but I also have 2 permanant residencies, so I have options. It is still possible today, but my "industry," honestly, is horrible unless you are a leftist now. I don't imagine many reading this comment are.
Nope…I don’t think it’s possible for me to get any more farther to the right 😁
People who are too afraid to go out of their comfort zone and move to a different country, even for a couple of years, aren't very good entrepreneurs.
Most people won't move towns.
No wonder there are so many angry pensioners.
Thank you Andrew
Those folks are going to be really angry when the pension crisis hits!
How’s the jobs opportunity living in the Towns?
😆💯👏
Naysayers exist in EVERY corner of the globe, but YOUR opinion matters MOST. Always seek to find where you are treated BEST, and GO!
I have moved from UK where you get slaughtered every day not just for tax but every aspect of your money and freedom to Bulgaria where you generally are not hunted down every day, and an important point I moved for more breathing space. And I like local supply chains and a cash oriented society. Its not Utopia but suits me.
Greetings fellow traveler. Bulgaria rocks, personally enjoying Plovdiv. Winter has been a bit cold, but that's a small price to pay. Way better than home.
its not just about lower taxes. If governments spent it on the money on good things that everyone benefits from, then its not a problem.
They rarely do though.
You just helped to build the Alex Hormozi channel's subscriber count. Your reputation did not need defending. Andrew Henderson, keep up the good work.
Alex Hormozi's fallacy: His forefathers, probably Italian, left the old country because they wanted to "Go Where You're Treated Best". 🎤💥
He mentioned Persian but yeah.. that's a good point
Me think not Italian, maybe "Hormuoz Straights" in the Persian Gulf?
@@aman-qr7wh Never made that connection, but yes his father came here from Iran.
Yep. Facts....
It's a Persian name, so yeah, Iran.
You help me see the light on so many levels, you don't owe anyone anything, especially to a youtuber, thank God you are gracious enough to stop your time and put out content, this is why I don't share content, a lot of ignorant haters on youtube, thanks for sharing what you know.
I know someone personally who was in debt in North America. Moved to a tax friendly place years ago, he told me it would have been impossible to pay off debt with the tax and cost of living burden. I see his social media posts from his travel all around the world vacationing and living it up. He keeps trying to convince me to take the plunge.
Lol I am going to take the plunge and go lol happy for your friend carlos!
My major concerns don't even involve taxes. I wanted a better quality of life. For the most part, English-speaking countries are experiencing a massive loss of freedoms and their populations are in collapse. Their demographics combined with their governments are an equation for failure as a society.
During our 30 year military service, we had the privilege of living in many exciting countries like Japan, Jordan, Botswana, Finland and many more. We loved that nomadic lifestyle so much that after retiring, we joined a company that allowed us to continue living this fantastic life. We don't own a home anywhere in the world, our plan is to continue traveling until our old age then settle down near one of our children or other close family members.
Cool, whats the name of the company?
@@zaneunderthesun Raytheon Technologies
My gripe with taxes is they are spent on things I do not agree with. Having a non-representative form of government which is two cheeks of the same butt determining how to squander money is abhorrent. Paying is NOT the issue, it is paying for nonsense, folly and stupidity that irks many of us.
I am not listening to anyone that tells me to not move for lower taxes.. I rather move to lower my taxes... I rather go where I get treated the best.
Love Alex Hormozi, but he spoke out of place and this video reaction was spot-on AND classy.
Hats off
What I love about this channel, the book and your message is that it is about where you feel you are treated best. You provide a full platform on all areas of moving outside of the US and the impacts however the premise remains that you live where you feel you are treated best. Taxes, 1 part of that is critical to many but may not matter to all. It's about the whole not the part
Having a Hater just means one more person is paying attention to you while you live your best life.
Alex doesn't even know who this guy is
When I saw the title I thought it would be an ego battle but this was actually a really wholesome, well intended upload that I thoroughly enjoyed
Legally avoiding taxes is the only check we have against confiscatory taxation. If there is no consequence to taxes then countries would take everything you have.
Don't put all of your eggs in one basket. That statement comes from one of the most sold books in history, Don Quixote. It says in its text, “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.” What was true then is true today. Andrew is voicing advice that has been relevant for centuries. Go well.
"Moving to Europe to meet nicer girls"...🤣🤣🤣 that's a good enough reason😁👍
I’ve seen some of his videos. I wasn’t impressed. He’s half fitness influencer , half business guru. He seems like a guy who is really trying hard to not seem like he’s trying hard to impress 20 year old dudes online. It’s a tiring trend.
The THING is quality of life!
Once again you gave an extraordinary lesson not just in fiscality and taxation, but also in entrepreneurship mentality and in ethics, when you talked about give and charity
Congratulations Andrew!!
Alex is an erudite in his area of expertise, but sometimes he gets off track a little and talks negative about things he has no experience in.
He would be an excellent speaker to invite to Nomad Capital conference.
Thank you Andrew for your work on this subject. We don’t have to be held hostage to a government which does not represent our needs. We do have options and thanks to you, may people’s eyes are being opened to the possibilities.
Thank you for these kind words!
Andrew, my dude. You benefited me with your advice and here's mine to you:
Once you notice a negative person, just remember us, all the ones that appreciate you, we're the significant majority.
It's easier said then done, but just take a breath and do it, and do it with pride.
Be wise and use discernment. I believe this channel does this.
Well said, I saw Alex's vid and had the same thoughts. I appreciate that you took this head on and can have a legit discussion without name calling and nonsense.
when it comes to going where your treated best you are the one I listen to. thanks for all you do
Well said Andrew! 👏 You know you're on the right track when others start calling you out.
Love this guy, I have travelled and been to many places but I was never taught to be a entrapeniour, but rather a worker and saver but we all know that does not create real wealth. At 56, I opted out of the system, have some investments and small pension but I want to learn how improve my life (and give it more purpose)through starting a business. I agree go were your treated better. I always felt more at home overseas than in the USA.
Same 👍
It sounds like Alex Hormozi is not of the nomad mindset, and that's perfectly fine. However, those of us that are, actually want to live that lifestyle overseas, and not be stuck in one place. I don't think a "non-nomad" should have any bone to pick with us.
I'm living in Switzerland and I can highly recommend.
@@davidMMXXXI thanks David 👍
Lol... What's your tax rate?
@@Mayat02 it depends on income, wealth and where exactly you live in Switzerland.
I can see Andrew is really emotional about what he believes! Being American is not for everyone!
Some Americans love to live in Asia and rarely go back home!
Even for retirees seems logical to move overseas More for your money.
I agree with everything you're saying. also as a longtime viewer of Alex Hormozi as well I believe the soul of what he was saying was something like " the number one priority for a successful entrepreneur is business growth and scaling, the highest ROI an entrepreneur can have is almost always actively pursuing that growth and scaling, don't be distracted by small scale things such as taxes and corporate structure, focus on growth" While I also believe that growth and scaling is paramount, the lifestyle ROI and tax ROI for going offshore are unbelievable. Alex hormozi himself even says that he loves "set it and forget it" solutions, where you do something once and permanently and perpetually see results. Perhaps if you and Alex really got to talk maybe for a few hours, he'd likely come over to your side because you have an important part of the equation that he likely is missing. Love both of your guys' stuff keep it up!
Go where youre treated best!
Andrew you are right, and always been my role model, they make a video against you because they feel jelous, because they don't have the guts to move overseas. They rather stay and be a tax slave.
Agreed. I believe our government is not using our money wisely. I also believe corruption can be a huge factor in the waste of taxpayer money.
Follow your passion. Get out of the box. Live your life to the fullest! Be respectful and help others. Thanks Andrew. I'm learning a lot from you.
When you don't have to think AT ALL about how much you spend, because all of your expenses have been dramatically reduced, you'll realize what true freedom is.
I lived in a brand new building in Hollywood and now live in Cancun. Cost of living is night and day.
Love these videos. Thank you Andrew. You’ve walked the walk so entitled to talk the talk.
Glad you enjoyed it
I agree, we all can live full life anywhere according with our values and goals. When you ready for such change on business and life move to a different country, people around you certainly feel fear and think is not possible so put in front the person who wants to move many difficulties. Nowadays everything is more possible than ever, there is always a solution to each part of our lives. I passed and passing through these fear people many times (family, friends and relatives), so I protect myself (mind and feelings) and goals acting quietly then just show the results. I am really grateful for your channel, your job. I found out your channel through Raiam Santos from Brazil.
thank you so much :)
We live in a tax haven 🇸🇬 and my NRA spouse is my tax shelter, no need to renounce 🇺🇸
Learning the most commonly made logical fallacies in arguments is, in my opinion, a skill as valuable as any. When Alex says "a REAL entrepreneur does blah blah blah", I hear "this is a True Scotsman fallacy and this guy is speaking from emotions, not facts". It becomes a lot easier to decide what is worth listening to, and how much weight to give it.
Well said, Andrew, especially the bit about philanthropy. "You cant give from an empty cup".
The thing that keeps confusing me is the blanket statements about how you pay less offshore than in the US. Aside from the healthcare system, you'll be hard-pressed to find lower tax rates in most places with a similar market to the US. I don't know anyone who's ever paid a 50% tax bill in the US outside of New York and California.
Right on Andrew it's no your fault if the truth hurts.
Been watching since day one of your vids! Glad you're thriving! Your vids have been incredibly helpful and inspirational to me. Keep up the good work!
Alex is impressive assuming some of what he says is true. But there's some parts of his life I wouldn't want to imitate.
I like Alex hermozi but I also like Andrew. Both are very smart guys and you have a lot learn from both.
Being financially independent, debt free, tax efficient and an expat is the best place to be.
I like that you say: by making more money you can help more people. If more of us could access more wealth and be as altruistic the world would be such a better place. Money would be more evenly distributed. Thanks for your great videos and dedication to educate others. 😃
Well said. The vast majority of wealthy people have their money invested in assets like their businesses.
Relying on the altruism of strangers to fix the world is a fool's errand
I fully support you. Any intelligent person should be looking at their options.
Anyone who tells you to stay in a country that doesn't treat you well cannot be trusted or taken seriously.
One subject I would like to learn a little more about is foundations. It seems some of the wealthiest people who stay in the US have foundations. I've heard it said that a foundation is designed to dodge taxes and effectively launder money.
I dont think any of us who follow your mindset, cares about some random youtuber comment you
Keep up doing the right thing
That's sad to see all those waiters masked.
fun fact is that I bought your book years ago and only discover your channel recently!
So well said!
💥💥💥🔥🔥🔥👏🏾👏🏾👏🏾Absolutely Andrew let them know...anybody can get some of this Hot Fire!!
Taking away personal freedom is the worst.
Alex has a fitness business. If you are in this biz you need to be in your own location
Good video, respectful pushback, well spoken
This is exactly the same argument as the working from home one. If your entire business is online then there's no reason to spend money renting an expensive office
Andrew I love the decorated shade 😉 “where we’ve helped Billionaires and celebrities…” 😂😂😉😉😉
Andrew is a gentleman, and his entire attitude speaks of that. He also knows what he’s talking about.
I live in the US, but I don’t think moving out means you hate your country and your life.
Thank you Andrew for all your good work.
Thank you!
@@nomadcapitalist For Sure!
Those waiters....wearing masks in a room of hundreds of people not wearing masks. It's so preposterous. How much longer do we have to pretend?
I am ACT60 in PR which is the replacement for act20/22. Saved 400 grand for 2021 that I would've gotten zero for. I haven't spent 400 grand in my entire life and the government wanted my money. Well, I say no.
As someone who is using one of his businesses to operate mine, I find it funny that he says to deal with the US taxes and not find ways of doing things different and for cheaper. He literally gives examples of how he eats from fast food restaurants in order to save money. Lol
He also only sells high ticket prices on his programs and in my opinion bait and switch tactics by marketing FREE training programs.
I applaud you in your efforts to stay classy with this video and I look forward to being an expat one day. 🤙🏾
You embrace life in many cultures. You emmurse yourself in diversity.
Alex also prefers to live in zero tax state :) love you both
Many of the solutions that you propose do not require 7 or 8 figure fortunes, so I find the way you position Nomad Capitalist to be a bit ..... "only for the very rich." A whole bunch of these places have barely need a need for more than a couple hundred grand and a couple thousand dollars of monthly income! Maybe to be your client we need a bunch of dough, but it bugs me that it all has to be framed in this somewhat pretentious way. I get marketing and the want to be high end or appear exclusive, but it really is pretty condescending. Free information is greatly appreciated, but watching your channel, gaining actionable info when I have 6 figures makes me relatively worthless every time I gain info from you.
Offense is and will always be a personal choice.
No one who only has a couple hundred grand is gonna spend 150k on a second citizenship, that would be financial mismanagement
11:33 boss talk 🔊
Great job clarifying your position!
Great message and probably your best video
Nothing like a man who can get you to safety, the main function of a man. I call you to Mr. Escape. Love your content, you show OPTIONS. You are just AWESOME. So glad you have a wife, hope she treats you well, so you keep saving us.
"the girls in Europe like me more" the phrase of the broadcast. a lot of men, in particular black men are begining to come to this realization in addition to other countries.
All I have today is that I’m with you 100% in everything you said.
I moved to Portugal 🇵🇹 from Sweden 🇸🇪 because of some of the information I got from here👍🏻
Fook 'em, You do you. They can do them.
I think it’s up to everyone to choose where they want to live. I think we need to seriously fix this country but sometimes there’s no choice but to leave
Advantage Andrew. There's a lot to be said for putting yourself in situations where you are forced to grow. There will never be a perfect time. You've just got to take a leap of faith. It's been six weeks since I returned from Tbilisi and despite the madness going on in Ukraine, I am still a believer. In fact it may be the very best time to invest in an apartment there. I already have a business structure and bank accounts setup.
@@keith2515 I hope the ukrainians are fully accommodated.
Alex's argument, ultimately, rests on Prestige.
The US--for now--remains a high Prestige country. As the current global hegemon, the US has the highest Prestige in the world. Businesses gain from that fact, and it adds real value to their brand, which translates into revenue on the balance sheet.
The problem is that Prestige is fleeting and illusory, and therefore it is a high-maintenance affair. Those that care for substance over Prestige have no problem accepting Andrew's premises regarding going offshore. Nevermind the tax benefits, the practical liberties, etc.; what matters is that going offshore can be (and for the savvy and competent, is) a superior way to erect and conduct business operations than relying on one government's Prestige to be the cornerstone of your company's value, so long as you can maintain the conditions needed to do so.
The problem with Andrew's argument is that it relies on a free and open world. That is now ending. More countries are closing off, and regional blocs (often antagonistic) are forming. Governments are coming in worldwide that will explicitly privilege their own nationals (regardless of citizenship) over aliens and foreigners (regardless of citizenship), further deconstructing the global economy, and they care not for the arguments of outsiders no matter how wealthy or savvy they are- you are not one of them, so you don't belong, and you never will so get out.
In a firmly autarchic world where global trade is limited, a country's Prestige matters greatly. In a globalized world economy, it does not. Prestige doesn't require globalization; one can be king of it all while being firmly self-sufficient, as the US and the UK were when they became the most prestigious countries (and thus global powers).
And we are reverting back to that limited global world order.
Well, Rome did not remain on top forever so the US will indeed lose her prestigious place. As for an open and free world, I guess I am just waiting for the one-world government that has been in the works for decades. Once digital currencies become the norm with the global ID system and social credit system, the world will no longer be free the way we define what freedom is.
Hi Andrew,
You are an awesome person, although I don't know you personally. Enjoy what you do and you don't need to defend yourself over your choices to anyone. I ENJOY watching your videos and thinking maybe ask your advice on my matters! God bless and keep up a good job enjoying your business model and you life, first!
Your channel is sending a message to the US government to reduce taxes for Americans.
I've followed Andrew for quite some time, likely due to a similar thought process and goals. There are always going to be naysayers or people who don't subscribe to his philosophy and objectives. By all means if you want to "stay where you're treated worst", then you have the right to do that. I would counter the naysayers by saying if you don't believe you could be an entrepreneur abroad, are you really ready for the challenges of the international world and entrepreneurship? When things get bad or even when they are good, it's important to adapt, plan and hedge your risks in life and you can choose to be the "Ant" or the "Grasshopper". Cheers everyone.
Im not one of your clients, however, you're TO ME, A Bespoke Original.. You're likely to get a lot more haters with all the "wild indices" Especially in "Legacy Brand" Western Countries..... you of course know this but I think the trolls (even if you're nice about it). Will be getting in your face. You're Awesome ++++++++
Correct they are not using it wisely. So we feel robbed