This really works! A year ago, I was a blue collar worker in America with a 5 figure net worth. I spent years of my life saving up for a house in my home state and watched the prices inflate to well over half a million dollars over the past year. I decided to take Andrew's advice and moved to Tbilisi, Georgia. I've been here since December and am currently in the middle of buying my first home in the capital and I don't even have to break the bank to do it! Praise to you Mr. Henderson!
Nice! Would love to learn more about it. How's the covid restriction situation there? Do you have a channel? Alternatively, would love to chat if we can figure out a way to coordinate something
Thats my reasons 🥺🥺 Only thing that has helped me so far is a combination of hormone supplements, psychedelic drugs, RU-vid videos & extreme fitness. I am convinced lack of confidence is a combined deficiency in lacking information & biological issues. We're all so physically & mentally poisoned our behaviours resemble that of farm animals, poultry to be specific. Economic survival has the same intimidation as a hungry carnivore lurking in bushes.
Friends moved back to Malta after over 10 years in US. They sold or gave away everything that didn't fit in 4 suitcases. That was an eye opener to me. Things are what imprison us.
Mr. Hardrock, there is much truth to your statement regarding our "things" imprisoning us. When our family and friends witnessed us (US family of three) retire very early, liquidate everything we owned and move to where we are treated best,... one of the preeminent statements/concerns/barriers they cited when pondering such a major move,... was,... and continues to be,... "what would I do with all my stuff?" There are many legitimate reasons moving out of one's country may not be reasonable, e.g. ailing parents, grandchildren you wish to live near, business operations that require your physical presence, etc, etc,.... but,..... "what would I do with all my stuff?" is a stark and sad reminder of how materialistic most of western culture actually is. Further to your point,... once we had rid ourselves of all our "stuff" (short of a few boxes we shipped ahead),... we spent two years traveling 11 countries on the most grand "field trip" with our 5 yr old daughter,... all while technically being "homeless"! Lol! It really is liberating when one is not hobbled with "stuff".
How very true. I have managed to whittle my my material possessions down to 2 rooms and I am STILL struggling to part with the last of it 🙄 Another problem is where to go with very specific needs!
So true when you say “things imprison people”. I learnt a long time ago not to get emotionally attached to material things. A car can’t love or hug me. It’s people that count. Being with lovely people.
Exactly. We left America two years ago for Tanzania and haven’t looked back since. Our home here is larger and more beautiful than we could afford in the U.S. as a family of 6 we moved everything and rely on our two online businesses. 1. Marketing 2. Book writing 3. RU-vid 4. Consulting It’s a great recipe for success.
I have lived outside of the U.S. for about five years. I do travel a lot, but Tirana, Albania is my summer base of operations. While my income is much higher, my Tirana monthly budget is 1,000 USD. I don't need it to be higher. I rent a very nice furnished 1BR apartment in the best part of the city. It isn't large. It's kind of like a nice hotel suite (except it has a dining area and kitchen), a nice balcony. I have a maid who comes in one time per week who does my laundry and cleans the apartment. My diet is not income constrained and runs about 250USD per month. When I want to go to a restaurant, I do. As to my income, it is pension and writing. As to when I moved, I sold almost everything, mostly through Craig's List, and left with one checked suitcase and a carry-on. Once I established a base of operations, which was furnished, I did start to buy some 'stuff'. My income is increasing, but, honestly, even with unlimited income, I doubt I could spend more than about 3,000 USD per month here and that would include a full time maid. I understand that you cater to 7 figure+ clients, it is sensible to pay attention to the lower income guys. Once they get on the Internet, move to a more sensible locale, some of them will become members of your 7 figure+ market.
And since I run a consulting business I will start to focus on the little guys trying to escape the usa or the west in general. Will start dropping videos this week.
@@alaskanwhiskey The novices can use all the guidance they can get. Even since two months ago, my income has sky rocketed and January I will get a bigger apartment. Still, I doubt my budget will exceed $1,500 per month. That is a whole lot of money in Albania.
You could spend your time looking after only 7 and 8 figure income earners, but you take the time to provide exceptional information to those of us not so rich, too. Really grateful. You're a prince.
I am one of those poorer Nomads. Brother, you saved my entire life. My husband is from Pakistan and I am from Canada. Canada rejected his visa. So we are heading to Mexico. Thanks to your advice on the Mexican wonderful family laws and stuff, it REALLY helps us. Finally we have an option to be together as a family without restrictions or long visa processing
I moved from US to Malta, where I have citizenship by descent. I did the research and bought plane tickets far in advance, on a credit card. Denver to London and London to Malta, with 4 nights in a hostel in London, a few more in Malta. About $500 total, including a checked bag. I am not kidding. I live on a Social Security check $1,100 monthly and had no savings and nothing I could sell. Just timed it so I could rent a room in someone else's flat when my next check came. Now, I am renting a flat. Life is much better here than it ever was in the US. Whether you are rich or poor, you are better off in a good place.
@@tinabraxton4906 so I am assuming you just applied for your social security check when you were able to and never applied for Medicare is what you are saying?
I have two small children and I am witnessing complete degradation of England along with most western countries. I’m watching Andres’s channel to prepare my kids to go where they are treated best. Thank you, Andrew!
Many Canadians will be escaping Canada once the borders open, including myself and my family. I have already sold my assets and am about 95% liquid (mostly in fx). Thx for the great insight for when we can leave this prison camp.
@@MariA-bu2jv a constitutional challenge is making its way through the courts. That POS Trudeau can’t use emergency powers indefinitely, and once the courts strike it down, Canadians need to have this Castro-wannabe prosecuted in Nuremberg.
Definitely going down market. Think deciding to up sticks and move to a remote foreign place for life should be based on more than the price of the airfare. Not going to end well for some folk
I moved to Abu Dhabi (UAE) from Stockholm (Sweden) two months ago. Never been happier. Total salary costs for the employer are similar, but since there are no social security taxes or income taxes, my take-home pay is 2.5x more. Much more to life of course, but still.
Americans can legally stay in Albania for 1 year with just a passport. There are plenty of cheap visa options for countries like Serbia, where you can get an entrepreneurial visa for cheap.
Andrew & Co, Thank you for all of the videos you have made, and especially for this one. As a retired divorcee with a 5 figure income, I will probably never be a formal customer of your company. But through watching your videos over the past few years, I have been motivated to make some steps towards having options. In a nutshell, until recently I only had US Citizenship. Because of your videos and suggestions, I have obtained UK Citizenship by descent. I am now focusing on gathering the paperwork necessary to also pursue Croatian Citizenship by descent. Either of those may not be the most glamorous or powerful passports to have, but they give me options that I didn't have before. AND, it didn't cost me a lot of money to get those options. It wasn't free, but it doesn't costs thousands to do. I may never actually use any of the above to move elsewhere. But having them as options just in case, gives me some real peace of mind. Thank you, Andrew.
In theory, this makes sense. The best idea in this video is to shop around. Visit countries where you might want to move to. Very important, and that's because a lot of places you'll likely find strange, from language barriers and customs and culture to simply their way of doing things. Things you might not like could include, for instance, drivers who don't stop for pedestrians, pedestrians who spit on the sidewalks or stand too close when talking to you, the way people chew their food, and the list goes on. Packing your bags and getting a plane ticket are of course easy first steps, but the more difficult stuff is figuring out the vibe of the new destination. For some reason, travel advocates tend to paint a rosy picture of lower cost of living, lower taxes, beautiful beaches, warm weather, good food, and so on. But pay attention to things that people do and the way they do them. And being a tourist won’t give you a complete picture. A place is only as good as the people there -- the way they behave with you and each other. Play the devil’s advocate and ask yourself a lot of “what if” questions about things that could go wrong. Does the country have a written constitution? What are your rights if you get arrested there? It can be scary moving from the familiar to the unknown. Be very careful, and make sure you have many good reasons to leave, so you don’t jump from one place you disliked to another place that could be worse. All countries have problems. The ones that’ll treat you the best will likely be the ones with the best set of laws, and even this is no guarantee. How much do you know about a country’s system of laws, their history, stability, and their treatment of foreigners? There’s much more to consider than one short video could cover. Do your homework. Becoming an expatriate is a huge lifestyle change. You need facts and not generalities so you'll know exactly what you're getting yourself into.
in canada if you purchased a home anywhere from 6 years ago or more, you're sitting on likely double your purchase price. my brother purchased his home for $275,000CAD and its currently valued at $850,000 and that was 8 years ago roughly. nearly $600,000 in a country where you need $2000 a month to live comfortably goes quite a long way. But living in canada, making 100K+ per year makes you very much NOT wealthy.
My family and I moved to Mexico from the US with just a suitcase each last year, we rent furnished and work remotely. We don’t go to resort towns, everywhere else in Mexico is extremely affordable. We bounced around several states until we found the right place. Even with traveling to stay at a different Airbnb each month until finding our current place, our family of four adults live on about a grand a month. Three of us have the luxury of dual citizenship but one of our family members doesn’t, we’re applying for his residence but even overstaying his visa was only a $30 fee. Depending on where you go it’s also extremely safe, contrary to popular American belief.
Thank you Andrew for making this video for those of us with lower incomes and those of us who are still building our financial wellbeing. Excellent video. Much appreciated.
Thank you Andrew. This video is very encouraging. My journey will start this September (got the plane tickets)--looking for more adventure and freedom-the time is now--someday may never come....
Hey, Mr. Henderson, amazing video as always! I was wondering if you'd be interested in going deeper (maybe a separate video) into those 'businesses' that you can buy and will generate $20k-30k per year. Really curious to find out more about this! Thank you.
This is so useful Andrew. Thank you so much! Working as a freelancer towards FIRE and this info is gold. I hope I can make your events one day. I want a better life for my daughter and the info you give on this channel is helping me plan on how to legally emigrate.
Thanks Andrew. My parents left Europe in the 1950s with a suitcase in their hands. Had a family, bought a house. I left Canada for the US for my nursing medical career, became a dual citizen and now I frequent my condo in Mexico, so that might be my retirement place at least part time. 🌞🌵🙂🌴. There's lots of ways to do it!
I'm barely touching 6 figures but this video kind of got the cogs turning for me. Now I'm living in Ecuador and revisiting this video. It was a swift transition. I still have my US based job but I'm looking to work for myself now. Thank you for the content Mr Henderson.
Knowing that how much I paid in taxes this year could have covered a whole cost of living for a year in another country really is maddening… and I’m just middle class
Thank you for thinking of us down here in the 5 figure income bracket! We love your support and all your videos ❤️❤️ BIG UPS❤️❤️ May your success always be in ascension!
Thank you Andrew for your great channel and also helping us younger, broker audience here, if u can make some more content like this itll be amazing! keep on the great work
@@MissKimolia it is funny to see these countries listed in the same sentence :-) although, Albania is lovely country after some practice in Guatemala or South Africa.
Andrew, excellent video as always, but...I disagree with your entire premise. I've been in Panama for 15 years, and I basically "jumped ship" from Canada back in 2006. My exit was not properly planned, and I suffered the consequences. Over the years, I've seen many, many people do this. They leave with whatever they have, and don't have a sufficient income stream to support themselves in their adopted country. Many times, they've put all their money in real estate, or in a variery of "investment scams" (wood or fruit plantation revenue sharing scams were a big one in Panama)...and then find themselves in a very difficult situation. Real estate can be very illiquid, so a "quick sale" is just not gonna happen. Running away from your country of origin is a sure way to screw up your expatriation. This needs to be done slowly, step by step, with several onsite visits. "Internet research" is useless....you need to be on the ground, living the life of an expat before committing. Cultural adaptation, learning the language - these are key to being able to enjoy your life abroad. I recommend to always rent for a year before purchasing. Most people don't make it as expats - for a variety of reasons, they end up going back after about 2-3 years. Many return home poorer and embittered.
Yeah absolutely not. Choices are ours. Negative outlook. Some make smart choices some make bad. Doesn’t make the entire idea of moving extremely difficult. Read the comments. People up and left with a plan and loved it. Period
Thanks Andrew! although i learn a lot from your regular videos, i appreciate you making one for 6 figs people. Please do make more. I am interested in methods of transferring wealth to other countries as many banking/financial services take huge % for this service.
I love the fact you have a well defined, exclusive niche. This makes great business sense and so does catering for the wider audience because a small percentage of those will 'qualify' as clients one day and be extremely appreciative. Thank you Andrew.
Hi Andrew. Thanks for this. I know your vids are aimed at 7 to 8 figure entrepreneurs but I believe the vast majority of folk watching here are 6 and under. 7 and up have already made it and only need you if they are not good at logistics or lack time. More for us small fry please!🙏 As someone stated earlier, more info on the kinds of already successful businesses one can buy online.
You're work has inspired me. I am visiting the countries I am interested in the next year. I am beginning to learn the language. Creating remote income streams. Thank you for the inspiration.
I retired young on a low budget. Nice places I've experienced living in or at least lingering in: San Christobal Mexico is the cheapest Oaxaca Mexico is better bang for your buck, and almost as cheap. Puerto Escondito area (south coast of) Mexico if you want beach and or surfing. Antigua, Guatemala, the most english, but loads of woke american expats. Bogota Colombia, best big city (better air and cheaper than mex city). In Europe, Belgrade Serbia I only visitted, but very cheap, loads of english, and nice place. Would be my top pick in Europe
@@gavnonadoroge3092 I only went to the hospital once (fell from bike, got cut up). It cost effectively $5 to get my wounds cleaned and bandaged. So I paid out of pocket. I had travel insurance at the time, but didn't use it.
Love this practical advice for people who can't afford your done-for-you services yet. Many of us are trying to go overseas so we can save on taxes build wealth easier and actually afford you one day lol. Thank you
Fact is in most cases you can't legally just go move to some other country, and stay their indefinitely without obtaining that privilege from the government either by work visa or citizenship. You will have to bounce around otherwise.
Great advice. We have more freedom than we think. It is not easy to pack up and leave, especially if you have family. I tried moving abroad and lived there for 4 years. Good times with it's own struggles. I returned back to the US though. My main reasons were: my kids wanted to be in their home and in their school, I was not able to find an online work in the US being abroad (during covid time), and I wanted to try living in the US again. So far so good, but I do miss the freedom and planning to move abroad when I'm an empty nester. I definitely recommend everyone to try living abroad. If you come back, most likely you can start your life where you left it. In my situation, I rented out my house, so it was really just coming back home. On the side note, I was an emigrant in the US, so moving to another country is not as scary for me. Anyway, traveling is the least you can do.
Andrew, could you speak to the situation of having some kind of automatic/freelancing income and living in countries that don't allow you to legally work but have very generous accommodations for living in the country? For example, croatia.
Thank you for this informative video. It has helped me at a very crucial time. Appreciate you offering this content for those of us looking for alternatives in lifestyle and peace of mind!
These are the type of videos needed. Many who would make the move are NOT 7 $ 8 figure entrepreneurs. You would advance your business if your opened up your guidelines. You may already but many don’t fall into the category you’ve stated. Just my Opinion.
@@nomadcapitalist yes, thank you so much. I taught high school English in the US for 15 years but still need and want to work (preferably remotely at this point). Could you possibly do a future video on the best “teaching English abroad” opportunities? I am also curious to know what the Nomad Capitalist team thinks of Belize as a potential country to which to relocate. Otherwise, I am considering Mexico (San Miguel or somewhere you’d suggest near the ocean where English is commonly spoken). Thanks again for all the value and inspiration you and your team bring to all of us, Andrew; it is truly appreciated!
I’m having to start over again after slipping down a long snake, maybe I was pushed!. This time I’m climbing my ladders alone and the prospect of moving country is becoming very appealing to me. 🤔
The biggest problem - and most folk don't know it - is that Man (as Aristotle said) is a "zoon politikon", a social-political animal. It's easy to exist on the cheap - to meet your biological needs. Even if you live in luxury somewhere you're not plumbed into the society you'll probably go mad.
I am american...I love my country but I hate where it's headed...less freedom. I am not wealthy but this channel has inspired me to think outside the box.I just want to know where to begin.
When we reach a newer place, the desire of being able to move even more places increases dramatically. I found a residence status in Indonesia. It's really a wonderful place, however, I want spend time in Europe and latin America as well.
I agree 100%. It's so hard not to desire to see and live through more. I never could understand people who never saw places even in their own state. However, I think now that some people just have more Nomad blood than others. No one is better or worse.
hahaha this is very understandable since from that point, everything seem close to reach! As he said in the video, the tourist visa can help you explore for a while (generally 90days) so that you can have better idea of the places you like
We're getting our residency in Portugal - nice and cheap! Downsized 4 bed house in the UK to 4 suitcases! Why is it that even after watching this video - VERY few will actually follow the advice?
I would pay monthly for generalized advice for non-high-net-worth individuals. I highly value the information you provide and am amazed that you put these out for free! Great video as always.
You can pay for his services, which I believe is worth it. I'm sure its in finer detail, and with valuable information he cannot share on here. One hand washes the other. I plan to use his invaluable services in the near future.
As a experienced traveler living between several continents, its best to travel as light as possible. Moving should be a step to Cleanse of the Old and Start with the new. Look into the Economic Expansion Program, Tutoring in IT, Languages and Financial Literacy Services etc. You don’t have to have employees just the intent to add value to the economy.
The economic expansion program is a very vague name, when i look it up it just comes up with news about countries or cities plans to grow their economy…
Really good observations on how to go offshore cheap. Everyone can do it. Your favorite carribean place for second passport can get studio rent for 500 and up, all you need is a tourist visa. Same all over Latin America and Eastern Europe. Almost anyone can make 15 to 20 an hour if not more even without specialized skills. And it's free of withholding tax ect. Cool video thanks.
I’ve been listening to you for some time and I’m not 7 figures. I’m exploring my opportunities based on my ability and it’s still working out. The information he provides is available at different levels.
I think before you leave to any place , as you say do your due diligence by traveling first around or where you will go to first ! Because I know how bad other places are compared to here .. even between cities inside my country I really think you always should live little or have a few visits unless you don’t care like I do about isolation or limited services or less entertainment extra
I am trying to leave Canada with a small budget. I have decided on St. Kitts and Nevis. I am planning to Incorporate a business in St Kitts and then apply for a work permit so I can become a resident there. What are your thoughts on this plan? Have you saw this done before successfully?
I had a military retirement income so when my now Ex wife filed against me for Divorce mainly because I didn't make enough money to give her the lifestyle she both hadn't earned or deserved. That was my get out of jail for free card. Being she stole everything using the corrupt family courts all it cost me to leave was a passport and plane ticket. I have been living overseas for 6 1/2 years now. Have a beautiful young wife and 2 kids we live reasonably comfortably on $1,200 per month in the Philippines. Which will increase soon as I am now 62 And eligible for Social Security.
No need to get fancy folks! And if you’re an American, no need to get exotic either. Years ago I saw what was coming to NYC where I lived all my life, and started investing in real estate in Florida, and I’ve never looked back. I considered Malta and Portugal but discarded these ideas because God knows what can happen in Europe (just look at Ukraine). As for Latin America, well, the poverty and inequality just turned me off. So while I still have property in NYC, I spend most of my time and am domiciled in Florida… and I’m not rich. I cut my overhead in half, said goodbye to punitive state income taxes, and waved farewell to Yankee insanity… and believe me, NY has become an insane place. So don’t ignore the possibility of staying in the USA. As far as I’m concerned this is still the best country on Earth!
@@brendan1675 they rescinded it almost immediately. Government there is so inept they could implement or enforce a vax mandate. Vaccine rate in Ecuador is sub 50%
I have been following you for almost three years, and all along have discerned many ways to apply your advice to more “regular” earners. Greatly appreciated and nice to see this video sum things up.
Andrew you missed something! Countries like UAE, Qatar and KSA have jobs that often pay more than Canada and have low/no income tax. I did this in 2018, got an IT Architect job with Emirates. More money than Canada, zero income tax
Funny how was I was doing the same advocacy to tell people (relatively wealthy) to settle abroad for 1000 USD per month and now I see foreigners can come to Bangladesh too, to live around that cost, may be a little away from the city, but in a mansion, full time host of maids and batmans, fresh food and cheap airfare to the places of interest.
