Can you please make a video on average US citizens that want to move out of the US? I think that will help a lot of us out that are not high income earners but want to leave and start a better more free life.
@@migooknamja Becoming a digital nomad is getting easier, plus some people already have location-independent jobs. It's a good way to start while transitioning to having your own business (especially in light of an increasingly difficult American economy).
Never thought the day would come that I wanted to leave America, but here I am. We are a country in irreversible decline. It is truly so sad what happened to this once-amazing nation.
@@PedroSanchez-zv1lr He is rich and more importantly an outlier...99.9% of Americans aren't going anywhere out of America except to Mexico on vacation..Americans complain a lot but never make any moves.
@@thinkforyourself9334 America is absolutely not the same as it has always been. It's drastically different than it was even just 30 years ago. I used to volunteer in a retirement home and I loved speaking with the old folks. One universal thing that they would all say is: "I don't recognize my country anymore".
@What Nowz Same here buddy. We've been orbiting the drain for quite a while, but I (naively) hoped it would around. I've now accepted that it's irreversible at this point. The best thing to do is to leave.
@@josebrown8060 no it doesn’t. America would love for him to be a miserable, worker bee, patriotic, taxpayer that will never have much or think enough of the world to see what’s out there like the majority of humans do. In other words, just like you.
US water (loaded with PFAS chemicsls), air (heavily polluted, sprayed with nano chemicals), food (GMO, pesticide laden), communications systems (emf overload), crime (most dangerous in the world) and generally sloppy looking and thinking people (awful, ineffectual politics) are more than enough reasons to look for better options around the world.
I emigrated from the USA to the UK back in ’98 and became a naturalised UK citizen in 2004. I only visit the USA every few years now. Each time I do, I see more businesses and houses boarded up and Americans looking shabbier and, of course, fatter. Americans like to think that they live in the best country in the world when in fact they live in one of the worst countries in the world: lousy healthcare system, low pay, virtually no employee benefits, etc.. America, love it or leave it! I left it!
I can reduce the steps down to just one. Buy a ticket and leave. Definitely don’t renounce your citizenship if you are going to leave, the passport is one of the best in the world, plus you always have an American Embassy to help while you are living overseas.
It’s not that simple. If you ever come back to the US, they are going to ask you why you were gone for so long and how you can afford to sustain yourself and will ask you for your tax records. If they find out that you have been living abroad without filing taxes, they’ll throw you in jail. That’s why people are renouncing. If there was no tax issue while living abroad as a U.S. citizen, there would be no reason to renounce at all
@@AndyKos I understand in non-pandemic times, they have a reasonable amount of tourism in Batumi from Turkey and Russia. Hotels seem like something to get in on while interest in tourism is low. Montenegro was also on my list for the same reason, tourist destination where I can get into the market affordably.
Me and wife are keeping a second passport valid and can leave anytime but immediate family is here and just cant just leave long term bec. of them. There are more things in life than money.
If you are more than 2 years unemployed in the USA as USA citizen, you must leave that country immediately and find New frontiers to get decent wages and Perks. Immigrate to Mexico, Brasil, Argentina, Costa Rica, Luxembourg, Lichtenstein, Switzerland, Greece, Albania, Italian villages and never ımmigrate to African countries if you are black, mexican American, cuban American. Never return back to USA again, never. It is very easy to transport yourself and your family in Schengen EU countries with fast trains, intercity buses which are very efficient and joyfull, cheerful to travel with them.
never immigrate to African countries if you are black?? Wat are you saying? Im a French & American citizen, Im building my house in West Africa as we speak. If you have money & youre black, its the best move to have a home in the motherland. Western world countries will never fully embrace us
for anyone thinking of coming to brazil, first advice: don't come, it's not worth it. if you still want to take the risk, second advice: south region, any km above you can be shot.
I'm in the US for the summer after living abroad for 2 years (needed to get my vaccination and take care of a few things), and I'm quite anxious to leave and finally get a residency permit/new citizenship. This video is great timing, I'm planning to immigrate and happy that I can take care of all my paperwork here (the country I'm heading to I can only do it from the US) so I'm excited!
I was born in the U.K. to an American G.I. father and a British mother so I am a dual national. We moved to the USA when I was a boy so I grew up in America. America is not what it once was and it saddens me. In theory or on paper America has all sorts of freedoms and guaranteed rights. In reality you can’t do anything without permission from the government and in some states its almost a totalitarian dictatorship by the rich and political class. You can’t even teach your children how to fish without filling out forms and paying for a special license. I did notice that the western states are a bit better but that’s it. I still have family in England so I will start by moving back there but only for a short time. While there I will travel to several places I’m interested in and when I find the right place for me I will move there. I’m definitely not a lefty nor am I truly conservative, I’m more of a libertarian that leans conservative lol. I have typical Christian values, I love my family, I’m into the outdoors and enjoy just doing my thing lol. I’m not looking to move somewhere and change it, I want to move somewhere that doesn’t need changing lol
I have a very similar story. My family moved to the US when I was 14 from Denmark, and I absolutely despised it. If you have family in England, try to contacting them about moving in. I did that immediately after University and I couldn't be happier.
This video does not address the problem of receiving social security checks. For ten years we have been receiving them in a U.S., bank, suddenly in July 2021, we got a letter from our bank that they will be closing our account, in 60 days, because we do not have proof U.S. residency, or any other U.S. address. It is our only income and we have no family left in the U.S., to use their address. Social Security will send the checks to a foreign bank, but there are lots of hoops to jump through and many of the local banks here will not agree to sign the paper work that the social security department wants. This was all brought about because of the patriot act, according to the letter from Wells Fargo.
hello @richardweaver472 have you figured out an answer to this? I have been searching high and low, and have found no answers. please let me know if you found a solution for proof of us residency.
The US has had among the lowest tax rates in the world for a very long time; never lower than now. The rich are simply greedy assholes that whine and cry incessantly anytime the tax rate is raised even 1%. The rest of the first world countries have much higher tax rates but go ahead and move to some third world location, enjoy your low taxes, it's what has turned the US into third world status.
The problem is you're gonna run out of places to go eventually. Unfortunately politics and countries have pretty much just been a race to the bottom. I get leaving, but I also get why some people stay. To stay and fight the bad changes. To try and push the country and it's people into the right direction. This might just be "good times create weak men" phase transitioning into "weak men create hard times" part of history, but, it can be weathered and we can make it out of it
State Department Federal Credit Union allows residence anywhere in the world. It is a pretty full service bank. Usually only for US State Department staff, anyone can enroll if first becoming a member of American Consumer Council (ACC) for a small lifetime fee.
I think the US has some serious social and structural issues, but in no way do I feel its passport is equivalent to Rwanda LOL. I get that it sounds good in a vid but come on. I have yet to travel as a St Lucian, but the US passport beats my other one (Argentina) by miles. My issue with the US isn't that it has a bad travel document, its the rest of the baggage.
nomad videos underlay disasters in other parts of the world. I was born in India. A Mexican attorney, who moved from USA, warned me about relying on Mexico banks. US is definitely on the wrong track so having options is better but thanks to harsher covid restrictions in other countries, it is still a better place to be.
It was equivalent to Rwanda in the *number* of places you could go. If you factor in the quality of said places, of course there’s no comparison, but his point still stands.
Did you have any bad experiences traveling on your Argentina passport? It seems like a pretty good passport in terms of visa free travel. It only lacks access to the US, Canada, and Australia.
I'm literally in the process of opening a foreign bank account today and applying for permanent residency in Panama as we speak. I will officially have my application in with immigration before the deadline on August 7th. Excited, but will be even more relieved when it's complete.
@@jthemagicrobot3960 the information on Nomad Capitalist is accurate. Keep in mind, each law firm will have slightly different fee structures, but when you total it all up, comes out around the same as mentioned by Andrew's blog and videos. Andrew had a great and very detailed guide on this posted on his site. To answer more directly to your question, you need $5,000 in a bank account in Panama for the letter to prove solvency. You can take that 5k back out later. For the total fees incurred, it cost about 5,000 as sunk costs. Roughly 1200 to open the corporation, 750 for bank introduction, 1700 for legal fees, 1400 for residency application. The bank also made us pay for the first year of associated fees for the accounts, but its a few hundred or so, nothing substantial. Of course, you need to pay for your airfare, hotel expenses like food for your trip, transportation, etc, but the residency itself is basically 10k working capital for the process, but 5k as sunk cost and 5k you get back. Personally, I want a foreign bank account anyway, so i will leave the 5k deposited and add more later.
@@tuforu4 perhaps, but I dont know about that. Regardless, I need a bank that will do the due diligence prior to my arrival and open the account upon arrival day 1. Most banks are currently making you wait a week to 2 weeks for approval. Lastly, I would not ever use hsbc, but that's another story.
This is a brilliant video. I am acquiring a third passport in the next ten weeks and a possible fourth passport in Barbados once they change their citizenship law to include grandchildren. My time in the United States is up.
You do wonderful work Andrew. I hope you soon realize it is only in Christ Jesus of Nazareth that we can truly escape from the beast Babylonian system of the world. Grateful for the information you share. I pray Your heart be revealed unto the Lord. For your heart is the garden of eden my friend.
You mention Babylon, I wonder sometimes if the social media platforms are sort of a reversal back to the time before we were so evil we had to have our language divided?
@@nathanhastings8293 wow, indeed. It’s amazing how many hundreds of comments and channels I’ve watched over the years and it seems the only light left is of those whom carry the Holy Spirit. Once all the Christians are martyred or killed in wars there will be virtually no light left on the earth. Then the final judgment. Yes I have trepidation, although another part of me is relived. You said it right, this world is diabolically evil and surely passing away. 1 John 2:16-17 comes to my mind.
Ironically, Russia and Belarus :D or basically any country not aligned with the US would be a lot better. I think they are both about 13% income taxes. Also, you'll need to learn Russian.. Russian citizenship is a lot easier to get, 3 years, or 1 year if you're an English teacher. The accept dual citizenship. Belarussian is 7 years and you must revoke other citizenships
@Matt Karacic This isn't correct. This only applies to Russian income for non residents (see below): Income tax rates in Russia As of January 2021, tax residents pay a 13% tax rate on an annual income of up to 5 million p. Income above this limit is subject to 15% taxes. Meanwhile, Russian-sourced income is taxed at 30% for non-residents. It is not possible to file joint returns when paying taxes in Russia. Tax rates for Russian residents Those who hold official residency in Russia pay 13% or 15% in income tax on their salary, dividend income, rental income from property, foreign exchange gains, and gains from exercising stock options. From January 2021, both residents and non-residents pay 13% income tax on interest accrued on deposits exceeding 1 million p., multiplied by the Bank of Russia key rate. For example, in 2021, the amount of non-taxable interest is 42,500 p. The 13-15% rate applies to all residents, as well as foreign streams of income
How much watering does it take to live outside of the West? Like the other comments have implied (1kUSD is more than enough imo to live comfortable outside the West).
You always say, "Where we help 7 and 8 figure entrepreneurs and investors"... So does your company not work with anyone below that? Not trying to be smart. Genuine question.
The tag line probably indicates usual customers. If you are willing to pay the fees for the services, I am sure the Nomad Capitalist staff would be willing to chat.
To move to another country to get a investment VISA, at least you need to buy 100,000 USD property in cash, another way if you don´t have that money, it´s through a qualified profession as a doctor or a banker and the country needs that professionals because they cannot be covered with local people
Andrew's assessment of the US is correct, which is no surprise as he is a good conservative, not a left wing oblivious moron. However, leaving the country is far more difficult than it seems. It is a massive adjustment for most people, and in fact, completely impossible for most due to family and other obligations. You cannot even bring your most prized loved ones with you (your pets) to most countries without them going through quarantine hell, if they let them in at all. I don't know how Andrew did what he did, but bouncing around the world as he claims to do is not a life I would want.
It's probably just better to move to a best available option in your own country. I don't want to drive, that's one of my criteria and the places with mass transit (USA) are not right for me. My achilles heel moving overseas is I can't afford two residential properties. Nobody talks about it but, you DO need a physical address to claim for tax/legal purposes, bank accounts etc. Digital nomad blogger kids can use their parents house for this, I can't. Work arounds are available but I'm not going to saddle anyone with having my mail sent to their house. But yeah, bouncing around living out of a backpack permanently, that's hard. And what are most people going to do? They are going to have one foot in and one foot out. I think it's a situation where you have to be All-in.
Depends on the country you become a citizen of. The SSA has information on this. Most countries will not be affected but, for instance, if you use Georgia as your citizenship, they will hold your payments.
I have heard a lot of people recommending a company called Wise (previously called TransferWise). Apparently their fees are a lot lower than traditional banks and they can set you up with a debit card. I don't have any personal experience with them yet, but will probably give them try using a small amount to see how it goes.
how do you maintain a permanent legal address when you leave the united states? for arguments sake let's say you have no friends or family address to use. states don't recognize virtual mailboxes as legal addresses. How do you do it?
@@katherinejones850 Then that's fair, I was only speaking to those that claim to love America and then cut and run. There's a LOT to hate about America right now, but if you feel you can't love this mess, then it's your decision to do whatever and I respect that!
It comes with some "penalty" America will stop ALL federal retirement pensions, all military pensions, including disabled veterans pensions, all Social Security benefits are also forfeited. So renounceing US citizenship comes at a high cost for some people and that all needs to be researched.
@@pav688 that isn't true If you paid into social security And qualify you can still collect Same if you lost your green card due To being outside of the USA
@@joeblow9126 I don't know the answer to that one about the green card, but I researched renouncing US citizenship and I am correct. You can Google it if you still wasn't to believe you are right, but the US does NOT like people who renounce US citizen ship and they show it.
@@pav688 I just googled If you qualified for Social Security Payments as a US Citizen, then you will still be eligible to receive benefits even after you renounce your citizenship. First search at top of page
The credit card issue is a big factor for me "also loans, Lines of credit, ETC" since i use debt to make money...America is still the best when it comes to that stuff...That's why me personally i wouldn't be able to completely cut my ties...also i have assets that i use as collateral for loans (not sure other countries do that stuff besides maybe Canada and Singapore) That's literally the only thing that holds me back. (I guarantee i'm not the only one)
Join FB expat groups where you have an idea moving to. I joined many in Mexico …I was sad to discover that most ppl who are American expats there are very liberal :( BIG on getting vax’d
@@msdella4253 oh I know I’ve joined many for Thailand, Mexico, Ecuador, Costa Rica, Portugal and I’ve seen the same thing. So it’s not about me being around other Americans at all. They should all move back to U.S. now that they have what they want.
@@torontovoice1 I’ve already lived in both and not much more corrupt than US plus money takes care of everything. Worry about yourself not me I can handle myself.
@@torontovoice1 Let me put it this way. No place on earth like it. If I put in a hotel and said u can't go further than a mile in any direction , you wouldn't be bored for 3 months. History, language, design, all amazing . So much to learn .
Well....the world at large is NOT seeing the US as it once did...including the naive citizenry...who are even "waking up" now. Trouble is...99% of us, do not have the assets, training, income or educational levels to be assimilated into another society; making for them, a nice taxable scenario either. I was an RN who turned truck driver. Where in Mexico or Croatia for example would be able to pay me a viable "paycheck" driving for 5-10 more years, whilst living in said countries for example. If I could move to a "Croatia"...it's beautiful, etc. But, can Americans compete for jobs that are Blue Collar - let alone White Collar jobs?
I have a Question........Dont most large governments devolve into Authoritarian style regimes when they become the focus of the wealthy elite (Top 1 %). The pressure seems to be real.( Noam Chomski makes comments to that effect)
@Dar Rin Zee You do not know what you're talking about. You want the EU dissolved, which would send the continent back 100 years to a period of chaos and war. A period which the EU has never seen
The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left"*
Hideous. Out of touch. You have no idea what it's like to grind 18 hour days in an Amazon warehouse and rideshare 6-7 days a week. My life as a 7 figure PM is nothing in comparison, and I was working 20 hour days for months on end during early 2020 gamma started moving markets. Until these two realities are fused nothing will change. It honestly makes me lose faith in humanity. Get a job at amazon bitch.
Hiring a management company to take care of highly desirable US based property is what most high net worth individuals do if they chose to live overseas. You should know that.
There is a really big issue , that I'd like to get the Nomads opinion on. Where do you go or where do you want to be, if the US doesn't just decline, but actually collapses? Many parts of the world enjoy their lifestyles, thanks to the US. Without the US Military protecting them, many parts of the world would be under completely different government controls. I know the Nomad loves Georgia, but how long before it's under the control of the Russian government? Is anywhere in Eastern Europe safe? The Balkans would still be fighting right now, even without the Russians, if the US military hadn't stepped in to stop the Serbs. Taiwan, Thailand, Philippines, Singapore... with no US Navy, how are these countries treated by China? If the US isn't involved in central & south America, do places like Costa Rica & Panama still look attractive or are they now closer to looking like Guatemala & Honduras? There is also the economic issue. The number one industry in Italy, Greece, Spain, France, Portugal, etc... is tourism. If Americans aren't making money and don't travel for vacations, how bad does it get in these countries, how many of them also eventually collapse? We know most of the ones listed would have already collapsed, if it wasn't for Germany & Great Britain bailing them out. The US is definitely in trouble and there's no one that is capable of bailing us out. If the US goes down, most of the western world goes down with us. There's a reason why the socialist have focused all of their time and resources on the US, in the past 12 years. Australia & New Zealand are the most attractive places to relocate to. They have vast amounts of resources, with small populations and have thousands of miles of oceans buffering them from the rest of the world. However, I've been told they are very difficult to immigrate to, much less get a passport for. They are also, already on the heavy side when it comes to taxes and other expenses. I know the idea is that the US is in a long slow decline and it's not just going to leave the world stage, but with the amount of spending and debt being racked up right now, the hard fall could be very hard and fast.
You are right on the money. The fall of the US is going to have a dominoes affect on many other countries and destabilize many governments and economies. It looks like China is on track to become the next world power which is unfortunate since they have a poor record for human rights. New Zealand is my first choice as well. High taxes aren't a bad thing when they're actually used to take care of their citizens.
You are 100 % right! When I am looking at americans who are trying to escape , i think that am ericans have no idea what would happened to the world if us will collapse.. I was born in USSR. 4 languages. Two citizenships. :) Do you really think that you would live free life after collapse of the usa? Not so fast, comrades :)
As a Capitalist learning how NOT to be, I am still drawn to your information and irregardless of how wrong I think someone is I think you are sincere and that matters. I am considering leaving the US for different reasons concerning race. So as a tenthousandair (lol). I may end up in another country with my family in a wagon tee hee. Either way I do appreciate the info.
Henderson forgot point out that for a US citizen or resident who renounced his US citizenship or residency he also forfeitures social security, Medicare, veteran benefits, disability payment, and perhaps a State retirement pension.
@@ubermenschen3636 no Just what I've read And I called social security office too I would never waste my time and money renouncing my us citizenship I just got another passport and live my life as a citizen of that country And let my us passport expire I've never had any trouble