How to Have the Ultimate Freedom in Life, Chat With Andrew Henderson

Yasi: Hello guys, we’ll come back to our weekly fast track money, YouTube session. And as usual, my host is much as richer. He is the creative behind Financial Imagineer. And if this is your first time coming here, I am your host, Yasi and creative behind Fast track podcast. We also count on platform. You can find anything about entrepreneurs.

Money and career on fast-track dot life. And together, we created a course called fast-track money with financial Imagineer. Our purpose is to help you individuals to understand how to use money as an effective tool to realize your dream. And unfortunately, we don’t learn that usually from the parents or from the school.

And this is the time that you need to start on a stand, how to make money working for you to achieve the financial freedom. And in this course, we packed everything. Then Mathias has been implementing himself since the early years till now. And he, or she had financial freedom at age of 37 and me, myself, I implemented the same methodology.

And from last year to this year, I see dramastic change in my personal finance. And we really believe that this is a method that anyone can implement and it’s going to bring you results. So. You can find out all the information in description below or fast-track the life slash money course. And today we have a very special guest with us and you might have heard about him and Andrew Henderson from Nomad Capitalist.

Andrew Henderson is a creator behind called Nomad capitalist. That the motto is go where you’re treated best. And he has me helping seven, eight feet. To design a lifestyle to find multiple citizenships and then to achieve ultimate freedom that they can go wherever they are treated the best.

And in today’s interview, Matt and I, we have propelled so many questions. We’re going to ask him about plan B multiple citizenship, and is it worth it and why you should start to look into the world as your oyster rather than the place you were born. So let’s get into this episode. 

Hello, Andrew, welcome to a Fast track money, YouTube channel.

Andrew Henderson: Thank you.

Yasi: Great to have your back. You’re on the fast track podcast, and now the audience can see your face. And this is a video session and

Andrew Henderson: My whole experience. 

Yasi: Yes. Correct. 

Today we’re going to talk about second passport global mobility, freedom using money as a tool to achieve freedom and also texts. And Matt, I know that you have already propelled a little questions. Maybe I pass on the, uh, mic to 

Matthias Richter: Thank you so much, Yasi.

Yasi: Yeah, it’s wonderful to have you here, Andrew.

Maybe for our audience. The first thing is probably like a nomad capitalist. Who are you? How did you become the nomad capitalist? Like how did you grow into this kind of role? What, what motivated you to learn more and to talk about what you do? 

Andrew Henderson: Well, I’ve come from a family in Ohio, in the United States.

Um, I’ve since left the United States since no longer a us citizen, but I still resonate with a lot of the values in Ohio. And I learned a lot about hard work. I learned about starting a business. I was fortunate. Well, I didn’t inherit anything. Um, you know, I learned from my family in know what some of the principles of success are.

And so we had Robert Kiyosaki at our conference last or. You know, some of that kind of stuff. Rich dad, poor dad, all the things that successful people do. I had the opportunity to meet successful people when I was younger. And I learned, uh, that I wanted to start a business. So I dropped out of college and basically follow the principles that my father had had hit.

Sad when I was 12 years old, he said, listen, you should go where you’re treated best. You don’t have to stay in one city, one state, one country, if that’s not the place that works for you. And he was mentioned in the context of seeing the writing on the wall, where entrepreneurs and people who were starting businesses, once they become successful or becoming pilloried.

1996. It was a little bit compared to now. Now it’s out of control. Uh, he said, don’t stick around for that. He said, don’t stick around because you think your family, uh, you know, needs you to take care of them. We’ll, we’ll take care of ourselves. You go take care of yourself. So I started, um, a couple of different businesses, namely the broadcasting and.

And realized that I was paying a lot of taxes, very high tax rate in the U S ruins. I didn’t like living there. Um, you know, and then I, you know, I was traveling the world and I realized, you know, there are different, good places for everything. I resonate with people more than other places. I liked the lifestyle more.

I liked the personal freedom, more in different places. And I started to realize that you can diversify your affairs around the world, to where, uh, you know, A place that you live, or now I have multiple places where I live, but I may or may not be a citizen. I have citizenships elsewhere that leave me alone.

Some did the U S citizenship does not really allow you to do I have a business incorporated in several different places that a is very friendly from a tax and from a hassle perspective, even more importantly, uh, we hire people around the world. So really, you know, treating the world. Very competitive place that it wasn’t back in the nineties, the eighties, certainly the fifties or sixties that many people are still living in go where you’re treated best as the model.

Ah, that’s 

beautiful. 

Matthias Richter: I think Jase also worked in about eight countries. I was in three to four countries myself. So I think we understand that part for our audience. Maybe if you have never lived abroad or you never worked abroad, and you hear now this a broadcast with you, what do you think should be there?

Thought about it, right? Should they, should they aim for a certain country or just, how should they go about optimizing. From the first step approach. Like if you’re in the beginning of your life of your, 

Andrew Henderson: well, I think it does depend on where you are in your life. And so, I mean, if you are young, what I’ve been saying for almost 10 years, um, I started this with, uh, some capital.

Um, I run a business now that is obviously produced more capital, but you know, when I started this, I had the opportunity to, uh, take a look. I would suggest if you’re just starting out. Um, you know, maybe you don’t need to go to school. Uh, if you want to be an entrepreneur, I didn’t last very long in university.

And so go to some of the most frontier markets. I just interviewed Jim Rogers recently, he’s bullish in Africa. I talked to all these big investors. I mean, there are markets that no one is even talking about. And if you do things that others aren’t willing to do, you’ll get what others aren’t willing to get.

If you go to Laos, if you’ve got to Cambodia, I’ve got friends in Cambodia, even Vietnam still has some potential. If you go to places again, Africa, you know, here in south America where I am now, the Bolivia’s of the world, Ecuador, perhaps, there is still a lot of movement. I mean, there’s stories of guys who went to Cambodia, opened a bloody ice cream shop and they became multimillionaires by just opening up ice cream shops.

I mean, how did that work out in the U S when the fro-yo revolution came along and probably went BK. So there’s a lot of opportunity, those places. Now, if you’re a little bit older as I am, or even older, Uh, I simply say, listen, you have to be self-aware and understand, uh, what it is that you’re looking for.

Uh, you’re probably not going to go to Laos. Uh, you’re probably not going to go to Cambodia, but are you willing to go to Malaysia where people are nice, pretty good standard of living? Maybe not quite some of the creature comforts or cultural comforts that you’re used to. Are you going to get a Singapore or are you going to say, you know what, I’m willing to go through a bit more hassle and pay a little bit more tax, but I’ll go to Ireland or I’ll go to the UK and they have incentive programs.

You know, taking awareness, but, but what I would say is. Um, I had a friend in Chicago, he just sent me, you know, blessed week, six crimes, like six different shooting sprees or something like that in Chicago. And one day, uh, realize that when you actually do an objective analysis, whether you’re young, whether you’re old, your country is not number one in probably almost anything.

Uh, if you’re from the United States, it’s number one in prisoner population per capita. Uh, it is not the wealthiest country in the world is all the politicians like to tell you it is not the best of the, perhaps you’d like it the most, but you haven’t seen anything else. And so I think taking awareness of how far you’re willing to go, what your desired, uh, you know, metrics are.

That’s why I would look at it. Hmm. 

Matthias Richter: I really like. With JIm Rogers. So Jim Rogers, I read his books, right? So the adventure capitalist, he, he drove around the planet with a motorcycle, the second tour with a, with a car. And he said, if you just fly everywhere, you will not see what’s going on on the ground.

Like go and feel and see, not just read from your books from far away. I think if you’re a young you’ve never traveled, um, probably my advice will be number one, go travel, see something different. Right. And then if you like the ice cream example, you brought is also perfect, right? In other places, certain businesses have much less competition.

You could be a small fish where you come from, but you could become the biggest fish somewhere else because you are different, right. You stand out and, um, with that, I think there are so many different, uh, Tommy styles you could actually look at with that comes citizenships or like where you could live very, could do things.

The world is your oyster, right? Like, you’d say, go where you’re treated best. What do you, um, kind of, uh, what, what, what do you think about passports? Like how many passports or citizenships should somebody. Either looking up in a, in an average life, is there a number or how do you think about the ideal 

Andrew Henderson: number to have here’s the purpose of a second passport, right?

Is you want to protect yourself now? I’ve been talking to people that I’m working with on the three main categories. And I say, how do you know, what percentage do you allocate to each of these three? Your finances, your freedom and your lifestyle. So again, you know, I’ve, I’ve been visiting Ireland, for example, for 12 or 13 years, I’ve spent a lot of time there.

I think it’s a fantastic place from a lifestyle perspective. I just feel nice when I go there. So that’s the lifestyle, how important that is, is that to you. And so suppose, you know, if you have an Irish passport or EU or EEA passport, you can go and you can, you can live in Ireland. Do you have access to securing that lifestyle?

Um, From a financial point of view, you know, is your country treating you well, now you can, if you’re Canadian, if you’re Swiss, if you’re German, if you’re, you know, whatever else you can leave your country, the process may be easy or difficult to extricate yourself from their tax system. If you’re an American, you cannot extricate yourself from the tax system until you have expediated.

Uh, and given up your us citizenship. Uh, now I think more Western countries are gonna follow the U S in some form or fashion and start taxing people who don’t live there. We see what they’re talking about. The global minimum tax for big companies, I think next would be individuals of Western countries.

So finances are important. Your freedom is the one that most people right now are telling me this is important. There’s politicians in Canada saying if you don’t do XYZ, we may not renew your passport, but put that in place. Um, you know, we’ve seen how the pandemic has restricted travel, uh, and yet, you know, um, having certain passports means you could go certain places.

Um, I had a home in Malaysia because I wasn’t there as an American. I could have come back on my residence permit, whereas an American couldn’t have. So how many do you need again? I think you want to have self-awareness um, You probably don’t want to go out and just haphazardly for the average person do it.

I am the R and D uh, the human R and D machine. And so I do it, I enjoy it. You know, I also never felt I had a home in the U S and so for me, it’s like, well, let me try and find the place where I buy 50. Uh, so I think when I put together the ultimate plan B, it was having some kind of low tax EDU or EEA passport.

If you’re fortunate enough as you are, you’re from Switzerland. Okay. You’re covered. That’s a difficult passport to get Lichtenstein and Dora Monica. Well by difficult, you could get the Maltacitizenship by investment. You could work your way towards Portugal. I think those countries are small enough.

They’re not going to be as nasty as the Spains the Francis. What have you, uh, having some kind of tax-free country past. Probably means in the Caribbean, we’ve got something like an Antiga sanction. Um, theoretically, some of the other ones could be tax-free as well. Uh, you’ve also got something that’s pretty personal freedom oriented, something in Eastern Europe.

Um, there aren’t that many that are widely available, but depending on what you do and who you are, there’s there’s could be some available. So the non EU Eastern Europe, where they’re just like, Life goes on. Uh, and then I would say I would probably have residence permits in places in Asia. I think South Korea, Malaysia, Thailand, Singapore could all be good.

You’re not going to become a citizen of those countries. And even if you could generally speaking, you’d have to renounce your other’s citizenships and there go to the portfolio. So I think if I’m putting together the perfect portfolio in Latin America could be.

Matthias Richter: I have to be careful and strategic about what you take first, right? That you have the one first that is probably the hardest to get and build it from there that you don’t put the other 

Andrew Henderson: things at risk. Well, yeah, right. So sometimes there are like treaties or like you can be a dual citizen and be if they have certain passports or if your wife has it or something, there’s different things that go on.

I listen, obviously, if you’re like German or Dutch, you’re gonna have a harder time doing this or Singaporean Chinese. You’re gonna have a harder time doing this. So you might look at residences or permanent residences that let’s say Germany opens up, you know, dual citizenship to a greater extent. The future as Norway recently did, as Georgia recently did, then you can go and claim those citizenship.

So that’s another considered. If you’re a 

Matthias Richter: parent, would you, would you also look at how to like, teach your kids about it? Or like, if I know some people, they are very strategic about where to give birth to their child, what kinds of stories would you have on this? Because I think that’s highly interesting.

Some people are so 

Andrew Henderson: strategic. Yeah. Well, we have a friend who gave birth to one of his children in Costa Rica and so most countries in the Americas and I think Fiji. And, uh, at one point Pakistan, I don’t know. I don’t know, because I don’t think anyone was queuing up for that one, sadly, but you know, most countries in the Americas, uh, Barbados, I think is an exception.

Colombia is an exception. Um, Sheila, if you’re not a resident, but you know, most of these countries, you can just go and have your child. So if you look at Brazil, Panama, as you were, you know, we were talking about Mexico. Uh, what I mean? And I think by the way, I think one of the things about your passport portfolios realized which ones you’re more public about and which ones you’re more private about.

Um, so those are three good countries in the Americas where you can give birth and you can citizenship Portugal, by the way, if you’re a resident for one year now, they recently changed it. You can give birth as a resident on Portuguese soil. If you want your kid to be EU, listen, you know, No one ever complains to the diplomats, and the government workers who go around the world, that their kids are having a bad experience.

I think that, taking your kids around the world, and this is the conversations I have in my own family these days is, it’s a very good thing to do. This gives you a lot of experiences.. There’s kids. There are other kids everywhere. There are schools everywhere. There are tutors you can hire. There are friends to be made everywhere. There are languages to be learned. And, you know, I do think you probably want to be a little bit careful. One thing people ask is like, with the Caribbean citizenships, they often don’t pass down. You need to pay extra. Not just, it’s not just like, you know, it, it passes down. You know, uh, I’ve talked about getting a Comoros passport.

I, and I don’t know if I have a child, I’m a wife and I’ve been me and we have enough passports and they’re probably not going to go through the hassle to do that because it, it confuses people. Um, but you know, I think that putting together a strategic portfolio of, again, EU non EU, Uh, tax-free maybe Latin America where you have the freedom, this regions Latin America, I think could be great.

Uh, so yeah. 

Matthias Richter: May I ask just out of curiosity, if, if you don’t want to share, okay. How many passports do you have at the moment? 

Andrew Henderson: I’m asking you things. Uh, I don’t know. It’s only five, you know, I had the U S passport and I get rid of the us passport and people think it’s all about tax and it’s really, I mean, you know, I guess that’s a side benefit, but I think a lot of people are getting rid of the U S passport.

Um, just because of the hassles. Um, because I mean, for me, it was always like, you know, if someone actually called me and they’re like, you sound like a dumb American, like just like an American, and then you’re all dumb basically. Uh you’re you know, that’s the accent. So you must be. Yeah, I it’s like, I don’t want to be traveling around with this thing.

So I think it’s about five, but you know, I’m always working on stuff. I’m always working on things, but I am becoming a bit more intentional at this point where it’s like, I’m really trying to think South Korea, for example, I think is a great little known residence program. You can either buy instant, permanent residence or you can work your way up to permanent residence.

It won’t be a citizenship, but I think that that can play a role in the passport portfolio. Right. All right. Southeast Asia is great, but east Asia obviously offers them a little bit different as you become more successful. So, uh, it’s a constant flux. 

Matthias Richter: So it may be even new when you’re young, you should look for something very, you have less income tax of some kind like places like Dubai.

They have zero income tax, but maybe Dubai is very high cost of living. And then maybe you transform. If you start to become an entrepreneur or something, you have to find a place where your business can be harbored. 

Andrew Henderson: You flip it. Okay. Why is that? So here’s the, here’s the question I asked myself, right? I mean, if you have a business that continually grows, we have a business that continually grows.

I mean, just, just set a new record this month. Um, you know, if that’s where you’re going and you believe in yourself and you’re gonna have a higher income, one of the things I’d look back at myself and said, you know, should I have gone to live somewhere in, um, Europe or, or Sheila or something? 12 years ago that I could have gotten on track to a really top quality passport.

Okay. Taken some tax hits. That was some hassle. I think once you go to saying I’m going to pay, you know, zero to 1%, um, you know, there’s an insert in intoxication to that. Plus as the business grows, my goal is avoiding hassle. If I’m happy to pay something. And I think you’ll be seeing in my own personal life.

In the next year, I’ll be paying more and I’ll be glad they paying more, but it won’t be with a lot of paperwork and hassle. So I think I would have rather gone and collected the passport earlier on in one of those more, what I call T or a countries to your, a passport and just sucked it up. So gone from 40 something percent to 10%.

And then later, if you want to go to zero or one, I would do that. Um, listen, some people, uh, is, is we were talking about. They want to come in. They want to work for 10 years, put a whack of cash aside and live the fire lifestyle. Well, if I’m doing that, then I’m probably going to Dubai first and I’m doing that the passport in Europe or somewhere else after I retired, when my liability is lower.

So it really depends on how you’re trying to structure your life. But you know, when you’re younger, when to take advantage, when you can more easily absorb that. Hmm. 

Matthias Richter: I think also some passports come with special perks, like retirement systems, right. Then there, you have to contribute of course, before you can take.

And when you say you want to have a more secure retirement set up, right. That one is the fire, or you do it yourself. Uh, Panorama, for instance, you can go for the pencil and auto program that allows you to, you just have to prove that you have 1000 us dollars per month of side income and you get it right.

It’s very low hanging fruit to go there, but other places, if you want to go there, I think, uh, you mentioned Portugal or Spain. You have some, uh, golden passports, uh, or golden golden visa program. Sorry, no passport with visa programs so you can apply there. I think all of these things, uh, come at the later stage where then probably it becomes interesting to see once you have your nest egg working for you, that it doesn’t take too many tax hits at the end.

Andrew Henderson: Right there. You. Then 

Matthias Richter: it lasts longer. Right? 

Andrew Henderson: I don’t trust the government, my retirement. I mean, by the way, it’s not always tied to citizenship in my work, the requisite number of quarters in the United States to enter, to get social security. Now, you know, it’s not going to be there. They admit that, but, uh, I think I’m entitled to $1,100 a month and a 20, uh, you know, 82.

Um, so yeah, in some countries, healthcare, people do us, but healthcare increasingly, you know, retirement accounts, but here’s the ultimate retirement account for people I know who were still in the U S we’re giving away, you know, 40, 45, 50%. How about you take a little bit of it. How about you take some of that, give some to charity, do that so that, because, you know, because the government’s the most ineffective charity on earth, take a little bit more invested, take a bit more and upgrade your lifestyle because then that makes you see things.

I mean, we hired our first CEO of this. Now, I think, what does it go with the CEO of act like? So when you do all those things, you, you prepare yourself to new Heights. Nobody says that by the way, your business will become bigger, your investments become bigger now. Um, I think that’s the approach that I would look at is how do I take care of myself and how do I do that?

Um, I don’t know that I’m going to countries solely to get those benefits, but, uh, Hey, if it comes with it, that’s. 

Yasi: And the earlier you mentioned so many times being entrepreneurs and looking at the plant beets, several different passport, let’s just say, does it make sense for someone who doesn’t have a very big network, let’s say six digit.

Does it make sense for them to start to looking at plan B or it’s most suitable for entrepreneurs who have their own business? They have like seven, eight figures, uh, annual rev, uh, any road. 

Andrew Henderson: Well, you know, I think if you serve everyone, you serve no one. So what I’ve decided to do based on, you know, what I’ve done in my own life and the people that I’m with just my own background is we work with seven and eight figure and sometimes nine and 10 figure entrepreneurs and investors.

I have people who are in the earlier stages of, you know, they have $2 million for example, uh, and they want to get. I think they should have a plan B. Uh, but I did just talk to someone recently and it’s like, Hey, I got a family of four, you know, it’s going to cost me about 10% of my net worth. And about 50% of my salary to get citizenship in one of these Caribbean islands.

And I was working through them. I’m like, do you really need this? Now, if you’ve got $2 million. And you’re a us citizen and, you know, $2 million is the number where they really start to rake you over the coals. When you leave, then maybe it is worth taking the hit, but he doesn’t want to expand straight from the us.

I said, you know what, let’s go set up a residence somewhere. You go and visit a week or two a year in one of these countries. That’s more flexible. You get your passport that way. It’s not quite as guaranteed. But, you know, when you have 5 million bucks, that will be some program to come. I don’t want you to spend 10% of your net worth if it’s not needed.

Uh, I think everyone should have some kind of plan B if it’s in the last two years has shown that. I mean, look at how so many governments from the us to South Africa, to the UK, I mean, Australia, they really take the cake. They don’t care about. When, when time is your bad, when times are good, they gladly taken your money.

They gladly take it in. They they’re experts at nothing else than that. You know, you go to Spain bars don’t have wine because they haven’t paid the bill. Sometimes at the end of the month in a country with the bars, can’t replenish their Weinstock. The government is an expert at tracking you down for every shekel.

So they’re there in the good times when the bad times come, they left you hanging high and dry. And so I think to myself, okay. If I have enough money just to go out and get a Caribbean citizenship, get them all to citizenship, get the residents, get the golden visa. Sure. I’ll do that. I think that’s great.

If not, I’m going to look at, can I move somewhere? Can I move down to Mexico? A lot of Americans in Mexico. Great place. Um, can I move to somewhere in south America where as you said, it’s easy, lots of programs. Just show you have some income. We’ll let you in. Um, some of them have tax incentives like Nicaragua, Costa Rica, Panama.

So. I would look at doing something else for a plan B. Now moving is kind of more of a plan a, but maybe I’m setting up a paper residence, maybe moving some assets overseas, maybe I’m doing something. And I think something begets something more. Having a bank account that gets hiring a person overseas. You just start to get Columbus.

Yasi: And the what, from all these clients, you have worked with 708 figure or sometimes snipit clients. Um, they have the assets, the capability to have second, third, fourth citizenship. They have capability to achieve freedom in a way, have this global mobility. What kind of a commonality is you have seen from those entrepreneurs who has make it, who has been so successful?

The odd, the advice I want to pass it on to our audience, you know, who are working the nine to five job, but I feel that their life is much bigger than that, but they are expired to achieve more in life. So maybe you can share with us your observations. 

Andrew Henderson: Oh, I mean, I think that, uh, they stand up for themselves.

I think they’re confident. Um, occasionally maybe even do confidence. Right. Um, but they’re confident. I think every entrepreneur has a certain amount of. Characteristics that people would say are negative. Um, I mean, people throw around these days, all these psychological terms. If you’re an entrepreneur, you’ve got to be a little pushy and you can’t be a wallflower.

Um, and listen, I, you know, I we’ve got a company, we hire a lot of people. We’ve hired a lot of younger people over the years for stuff, because we have to train someone. Nobody knows how to do this particular job. Okay. Let’s, let’s bring someone in as a blank slate and it’s sometimes hard for people to understand, like use it to push through.

Like, you’ve got to push through the fear. I got to think my birthday recently from our team, they’re like, uh, the best of the best thing we’ve learned here is you just gotta, you just have to push through there’s, it’s going to do it. Um, and so those, these are guys who do that and they stand up for themselves and, and girls and, uh, you know, they just want to go where they’re treated best of it.

They resonate with that message. So obviously I’m talking to a subject. That realizes that living in California, living on the beach and dating the California girls is not worth 50% because you can find the California girls or some equivalent ever anywhere. There’s nice beaches anywhere. There’s nice restaurants in the beaches anywhere there’s, you know, uh, guys in backwards, trucker caps everywhere.

You have to be in California for that. So, I mean, I think that who I’m talking to are people who realize. Uh, again, the world is a competitive place and the government is the only thing. People don’t comparison shop people. I mean, I don’t do this, but how many people do you know that they cut coupons and they call different places to check prices and they price shop and do comparisons on Amazon and all this kind of stuff.

And yet they’re paying 40% tax. They could move to Dubai and pay 0% tax. And by the way, you go to Dubai. You ever get a Dubai residents permit you did. You just had medical check. You’re done. Go down and sit the DMV one day in Los Angeles and see how that compares to what they’re doing in Dubai. 

Yasi: Yeah. And to buy a building of huge media center, helping, um, media freelancers to find the company, get the permit everything’s set up by the company.

And it’s so much easier to get like permitting, to buy paint, zero texts that are your business. Yeah. 

Andrew Henderson: Sorry, but let me talk about one more plan B thing, by the way. I had a deal with a guy, but a year ago he couldn’t close for like six months. Cause he couldn’t get his us passport. So by the way, you want some advice.

I often skip over this, but I have friends who say, you know what? You should be telling people, get your first passport. How many people, especially in the U S don’t even have one passport or it’s expiring in six months. I I’ll take it. Looking at what happened during this last year and a half. This is like the perfect storm for the government to not issue passports.

And by the way again, now you’re trapped. You can’t leave for tax purposes. If you want to save your time, forget it. You can’t leave or you can’t renounce has been the case of the U S so get your first passport. Um, but I had a passport recently, uh, that I was able to renew a little bit the same. Uh, walk in, place the request, come back, pick it up the same day.

Well, you know, but it shows that, uh, you know, there are still people say like, oh, uh, you know, I’m from the us. And I saw what’s happening in Australia and the UK is not much better. So this Andrew, he doesn’t know what he’s talking about. Well, yeah, because you’re only looking at the countries that are in your, in your scope, just as I’m telling 19 year olds to go to, uh, Laos or some equivalent.

Right. And. It’s going to be tough by the way. It’s not going to be like, you know, hanging out at a university yet getting laid, uh, you know, at 2:00 PM, but you’re going to give yourself a much better chance to be successful in the same way. Realize if you go to some of these countries that you may have never considered, it I’ll even say this.

We had at our conference, we published a YouTube video by getting residents on Honduras. People said, I want to move to a hundred. I said, I never, I never said you had to move to Honduras and people overlook that. And so you have to kind of get out of the paradigm that you’re in. Yeah. 

Yasi: And talking about citizenship and permit one benefits that comes with it.

I really like is the, uh, possibility to invest in real estate. 

Andrew Henderson: Sure. Well, some countries, yeah. I mean, some countries that they restrict who invest in Redmond, Switzerland. Right. It’s very difficult to invest in real estate Europe in some areas. Yeah. So you see New Zealand, correct? I think you’ll probably see more of these so-called free countries cracking down on who invests.

So residents, citizens. Absolutely. It gives it the chance. I know with crypto fewer and fewer people want this kind of diversification, but it gives you the chance to open a bank account pretty easily, which is not a bad thing to have either for day-to-day living or for, you know, access to 

Matthias Richter: access to capital markets and so on.

Yeah. 

Andrew Henderson: Yeah, for sure. 

Yasi: I have so many homes in different countries and you made so many videos. Uh, for example, invest in Montenegro. And, uh, can you share with us, what are the interesting countries for real estate investment? 

Andrew Henderson: Yeah, and I bought some land in Montenegro recently and, uh, that’s what I’m probably, uh, I’m really debating whether I want, you know, how much I want to stay.

Um, it’s been very good to me. The taxes are good. Um, but that one’s up for discussion, but I do have a home in Montenegro doing some land in Montenegro. Uh, I’m next door in Serbia. We have, we’ve got a great team in service. Um, I’m in Georgia. I’ve got a couple of properties in Georgia. Uh, some I’ve been relatively Eastern European focused in Turkey as well.

Its symbol I think is, you know, everyone focuses on that negativity. Jim Rogers said, if it’s a disaster, invest in it. He, he was pro Turkey to my understanding 20 years ago and says, Hey, if it’s a disaster, go for it. Uh, I’m in Walden for Malaysia. Uh, Asia has been a little bit less accessible in the last year, uh, or you wouldn’t want to be there as much, but, um, I think Malaysia has been one of the great, um, I don’t want to say bargains, but, uh, you know, nice, you know, more, a little more laid back than Singapore, not as laid back as some of the other places, lots to do.

Uh, and then I’m here in Boca, tuck alone. So we do stuff in Mexico. We do work in Armenia. We have some other people all around the globe, but, um, we’re, we’re moving part of the business to, to the UAE. So the flags as they call it, they span the globe. 

Yasi: Yeah, flag theory. And what’s next for nomad capitalist?

Andrew Henderson: Well, I think that, you know, what we’ve found is a very good niche in helping people who are seven, eight figure entrepreneurs who see the rise of cryptocurrency. You know, I’m not all in on crypto, but I am in crypto and I think it’s incredible. I think anything, you know, it’s, it’s of like, I didn’t agree with every single thing Donald Trump said, but.

Resist, but being happy when he got elected as a, as a middle finger to the establishment. So I like middle fingers establishment. I go to Eastern Europe. I don’t smoke, but I enjoy people, seen people smoking anywhere. They please, I enjoy that. So I think that what we’re going to keep doing is just building on what we’re doing.

Uh, we’re planning our next conference. We’ll be releasing details on that, but you know, for the business nomad capitalist, it is doing more of what works and doing more deep work on. Uh, understanding more places. We’ve got a couple of potential citizenship programs. We’re going to be sharing with people in the near future.

It’s just more R and D more of what works for me personally. I do think after a number of years of doing this, um, going back to the very beginning was like, oh, 6 0 7, something like that. Oh eight. Um, you know, I’m, I’m adding a little bit more, I’m stepping out of the, the louses and even the Malaysias I’m stepping up.

And probably spending some more time in the tra countries going forward just from a lifestyle perspective. Um, but, uh, you know, it’s continuing to evolution and I think that’s people have to be under, people have to understand the world is changing. And again, uh, just as I went to my favorite empanada restaurant yesterday, and it’s having 20 different kinds of empanadas, the guy now only has two.

I’m not going to go to the empanada restaurant as much anymore. I’ll find another empanada restaurant. And if the next one doesn’t work out after six months, I’ll go to whatever. And that’s how people work in life. But for some reason, people don’t want to be fluid. I love being able to go to a dozen different cities and know exactly where or more and know exactly where I’m going, know exactly who to see what to do, where to walk, where am I staying, whether I’m home or not, you know, to me that’s valuable.

And it means that you can adapt to the times where so many people can’t in these times, they are a changing. 

Yasi: Yup. I always use, um, 1% and 99% and 99% will not make a change when situation happens and the 1% will make a change. That’s why they are the 1% those people has in 99%. 

Andrew Henderson: I think I’ve learned from building, uh, cause I always ran rather lean.

I think we’re a lean business, but I always ran in the United States, very lean businesses. Um, there’s a company that I know of their goal was to have like a thousand hundred. Like that’s there, they’ve no other goals than revenue profit who cares. They just want a thousand employees. I’ve learned building the company.

Uh, I remember a couple of years ago, I’m walking down on my house in Porto Montenegro in this yacht club. And I’m kind of feeling sorry for myself. And I look at this big yacht. I said, I bet a lot more people hate that guy then than hate me. Like that guy deserves it. He’s been through a lot of misery to get to that point making decisions that no one else would make.

And then they bleed him because he has the yacht I’m opposed to that.

You could have the October you chose not to. Correct. It’s all about 

Matthias Richter: what happens in your head. 

Yasi: And then now this year, most of our, most of your clients coming from the us or, you know, TLA countries. So also something. That’s it, you say your ablation, but what was kind of trying to, you’re looking at now, 

Andrew Henderson: you know, things have been growing so much, I’ve really kind of postpone these expansion plans.

We now have someone in Latin America because we have seen an increase in people from Mexico, Colombia, Argentina, uh, and to a lesser extent, Brazil, obviously not Spanish speaking, but we do want to focus on expanding more people because you know, south America, there’s always one or two countries that are turning communists.

And so those people need help. Um, we have an increasing number of folks from Russia. Uh, there’s always a, kind of a, a small crowd from south, uh, uh, Africa. Uh, and there were folks from Asia, but by and large, the U S and Canada, uh, to a lesser extent that UK and Australia, I’ve also seen, by the way, more Germans, more Dutch and more Canadians who are saying I’m afraid of to be taxed.

I’m in a where I live. I’m afraid there’s gonna be severe restrictions on me. Uh, these people, even two years ago, We’re like, I’m Dutch, I’m fine. Leave me, you know, what do I need this stuff for? You know, lower my taxes, leave me alone. I literally have people calling me now and saying, maybe I don’t want to be Dutch anymore.

Maybe I’d rather be a citizen of antique tax-free and Tika. Uh, and I’ll trade in my dad’s passport because they’re so afraid of what’s coming. And you saw the elections in Germany. So, uh, it is largely U S Canadian. Um, but it’s a grab bag of so many people and it’s an interesting microcosm into what’s happening in the world.

And how many of these, uh, Western governments and others are just being different. 

Matthias Richter: Hmm. And I think it’s, it’s super interesting. If you look at the concept of diversification, most people understand it. They invest in ETFs or mutual funds. Um, a few people understand also you shouldn’t rely just on one source of income, so they have multiple sources of incomes.

But then very few people that another step is texts, texts, domiciles, passport, citizenships. It’s also a diversification, right? It’s the same concept just applied differently. Uh, and they can help you, right? If you have more options and you’re more flexible, life, most likely will be better. Or you have more, you can have more freedom and you can take ownership and say like what you just mentioned before when people are afraid that the gates are closing, you can no longer leave the 

Andrew Henderson: country.

You will be talking about. All of that early than a day, too late. And I’ll tell you, that’s what I’ve been preaching is options. Um, people say, well, what about this? Or what about that? Or what about this is happening? My answer is have more options. Um, and so yeah, a lot of what we’ve been doing in the last, uh, year or so is people who don’t want to leave their country, but they want to have a second passport or multiple second passports.

Maybe they want to move some cash. They want to invest in some real estate. And by the way, Maybe you can make more money doing that or, or just to say open up new opportunities. A lot of crypto folks are saying, I don’t need to renounce my us citizenship. I’m going to stay in the U S but that crypto opportunity, I want to take part in, that’s going to go, you know, a hundred X, they need to see another passport besides the U S passport.

So, you know, it’s all about having options. And who knows what the situation could be. Um, and so, yeah, I think that most people, you know, the things that we’ve seen called conspiracy theories, some of them are now true. Uh, they said, oh, they’ll never take your retirement. But some countries did half or all.

Oh, they’ll never close down the banks. That’s the kind of thing that happens in Lebanon. And then it happened in Europe, not just once and yet everyone says it’s not going to happen here. Everyone thinks their country somehow is like a magic bubble around it. Nothing can happen. Uh, listen, I mean, go and look at the United States.

Look at the burrito shop owner who had, uh, their, or their entire business decimated because they were accepting cash. Yeah, that’s a burrito shops. Do people come in, they pay in cash, the government that they were a drug LoRa drug Lord or something. I mean, they can, they shut them down. So it is happening.

Maybe it hasn’t happened to you yet. And listen, obviously the, the need for options increases. The more successful you are. I call my lawyer about the stupidest simplest things, and I he’s like, what are you bothering me? I said, because I have too much. Right. So where I, you know, 15 years ago, maybe I didn’t, but you want to have options that increases your success increases.

Um, and I think these days it’s, it’s more easy than ever to become successful. So you might as well do that and then build your options. 

Yasi: Yeah. And I have one last question related to your personal story. I told you, before that I read your blog since 10 years ago. And back to your, you know, traveling to different countries, writing articles, sharing formations, and nowadays you have this business life, like a plan B second passport, you know, diversification for seven, eight, figure entrepreneurs looking back, what kind of like best practice or the success factors you want to share with the audience that.

Go, how did you go from back then till where you are now and with your business? 

Andrew Henderson: Well, again, I think that to, to, to learn, you have to do. And so, you know, what my premise is to people is, you know, don’t get a second passport from someone doesn’t have a second passport or who doesn’t have it for the same reasons that you do.

I mean, you can call a Swiss guy, you know, if you’re a Chinese person, why are you calling a Swiss guy to learn about second passports? Uh, I know some of these people and you know, it’s just a game to them, but I actively do it. And you know what I do. And so when I tell you it’s a hassle to fill the paperwork, I know what it’s like, and I’ve been through it.

I’ve made the mistakes. Um, you know, I’ve had banks for our business that have been, you know, nasty from time to time, um, innovate and move things around. Um, I’ve, I’ve experienced a lot of this stuff and I hope to experience a lot more and, you know, unsuccessful people says, let’s say, oh, well, you know, that means you failed at something.

Well, you know, maybe I did it for that one. And I learned how to fix it and now I help other people avoid the same mistake. And so I look at that as a success and in the same way, you know, how do you become successful? It was a lot of intuition. A lot of the mistakes I made in from a business perspective over the years was, you know, not following your gut and letting that bad seeds stick too long in your company, or, you know, not taking the deal or taking the deal you shouldn’t have or whatever.

So I think that you need to hone your intuition by doing as much as possible failing as much as possible. Um, you know, it’s not to say that now. Obviously we don’t do a lot of R and D we don’t do a lot of proactive planning. Um, but I think that, you know, when you’re putting stuff together, like before we offer it to them, We’re going up there and we’re seeing where the failure points are.

And I think that’s what you have to do in business and in life. I mean, you don’t date and marry the first person in both. You know, I see people in these countries that get married at 18 years old. It’s so often doesn’t miss out. It’s it’s devastating. Uh, you don’t just go out and just, you know, you got fail at everything.

Yasi: Very interesting. So do you have any other questions for him? 

Andrew Henderson: Well, um, no, I 

Matthias Richter: think, uh, covered it pretty well and, uh, super interesting. Um, thank you so much for your time. 

Andrew Henderson: Always my pleasure to be with you. 

Yasi: Here Very happy to talk to you. 

Andrew Henderson: Thanks guys.