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Summary of this video:
Wealthy Expat discusses why they prefer being a Mexican citizen over being an American citizen. They highlight the advantages of having a Mexican passport, such as easier visa-free travel to many countries and better perceptions of Mexicans abroad. He also criticizes sthe US government's actions, including starting wars and controlling its citizens. Wealthy Expat argues that Mexico's passport is improving while the US passport is getting worse.
He mentions that Mexico has good relationships with other countries and focuses on improving its own economy. Additionally, they mention that the US is more likely to impose a draft in the event of a war compared to Mexico. Wealthy Expat suggests obtaining a second citizenship as a backup plan and provides information on acquiring citizenships from other countries.
Wealthy Expat prefers Mexican citizenship over American and renounced his US citizenship, explaining the reasons behind his choice.
🛂 Mexican passport offers more visa-free travel privileges than the US passport, including six months in the UAE, and is generally easier to obtain.
🌐 Geopolitically, Wealthy Expat argues that the US is involved in wars, creating a negative perception globally, while Mexico has improving relationships and a positive trajectory.
💼 Conducting personal and financial activities, like opening a bank account or starting a business, is easier as a Mexican citizen compared to an American, who faces more scrutiny and regulations.
⚔️ In the event of a World War, Wealthy Expat suggests that the US is more likely to implement a draft, while Mexico is less inclined, providing another reason to prefer Mexican citizenship.
DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
18 сен 2024
