Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments

Información de calidad. Explicado de una forma clara y detallada. Estoy encantado con esta lectura.

I became aware of Andrew Henderson when I began researching perpetual travel and discovered his Nomad Capitalist YouTube channel. He presents as someone with confidence and promotes his paid-for consultancy service at every opportunity.The book is, as others have written, a marketing opportunity for his chargeable services but its' still worth a read. You won't get answers to questions like 'where's the lowest cost location for retirement' but the book gives some useful insights into the author's mindset and thinking about 'going where you're treated best'. His explanation of the benefits of holding a second citizenship are laid out very clearly. He also promotes having bank accounts in overseas locations, makes it clear that there are some challenges and barriers to opening one, and makes it clear that his firm can help. I would have preferred some more practical tools and pointers on implementation.Much of the content is aimed at Americans, who have to renounce their US citizenship to escape paying US income tax. Anyone who has watched the YouTube channel won't be surprised that Malaysia and Georgia are mentioned frequently.Henderson's writing style is informative and pacey and this makes Nomad Capitalist a good read. I found myself dipping into it randomly after I had finished it, going through some of the points a second time. It's a helpful read to better understand where he is coming from in his videos.

This book helped me realize that location of all aspects of your life are open for optimization.Think of health, love, and fullfilment in conjunction to tax-friendliness.Even if you are currently financialy broke, which means, temporarily staying in a somewhat socialist country can be a good choice, the NC will give perspective on the possibilities this world has to offer.Go where you're treated best <3

A significant portion of the book goes into listing the drawbacks of residing in a high-tax country and reasons to move to low-tax destinations, counteracting potential concerns such as healthcare systems, etc. Personally, this section didn't resonate with me because I was already on board with the concept.When it comes to the specifics of where to go and how to navigate the process, the book just offers anecdotal examples without delving into actionable details. It leaves you with a sense of uncertainty on how to proceed. Unsurprisingly, the author conveniently has an agency that offer the services to fill in those gaps.The book, unfortunately, lacks practicality and actionable insights. Its usefulness seems limited to individuals trying to persuade a partner or family member to embark on this journey or for those who are novices to the idea and seeking a broad understanding of the pros and cons, rather than actionable steps. Although, for those, I'd suggest watching his Youtube videos online and it'll give you this information already.

It's an intelligent, witty, funny and very interesting read. The key point is to go where you are treated best, and that means it might not be in your own country of origin. It especially seems feasible for the person making money and not tied down. In reality, it would pose some challenges for those with a family--like me! But, the book is well worth the money and time, and gets you thinking about taxation and $ among other things.