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In a nutshell:Can you share a bit more?
A resume of what is said?
Thanks for the book review. I remember coming across his website a couple of years ago and found his ideas interesting.Notes: here's what I learned, or wish to remember:
- Borders are imaginary lines that can influence the way you are treated. Those who are badly treated leave. Or not.
- You have been conditioned to love your country and stay there. Technically, you don't need to.
- The art of the Nomad Capitalist is to take the best part of each country. Eg: put your money in Singapore, do business in the US and live in Thailand.
- The three flags theory. Getting service in a foreign country is planting a flag. To be completely free, you need to plant three flags:
- Get citizenship in a place that does not tax income earned outside of the country.
- Have businesses and investments in stable, low or no tax countries. These are business havens.
- Live as a tourist in countries that support your values. These are the lifetime havens, or playgrounds. It's always better to be a tourist cuz the police and government leave you alone.
- The EKG theory: Enhance, Keep, Grow
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Send him an email, that does sound like a good book!Great job providing so much value to the forum recently, @mon_fi.
As for the Nomad Capitalist book, this is a great example of how NOT to use book marketing to grow your business. It doesn't matter if your book is super cheap or you want to use it as a lead magnet. It still needs to stand on its own and provide value to those who read it. If it feels like "here are the secrets but actually I won't share them here unless you hire me" then it just provides a bad experience and instead of building trust destroys it.
Rules change so specific advice as for second residency, etc. may not be a good idea for a book but there's a lot of evergreen how-to you could still include in such a book. For example:
Damn, it could have been such an excellent book...
- how to recognize an upcoming country,
- how to recognize when an upcoming country is on the wrong path/its future is in jeopardy (for example, Peru)
- what are the warning signs to leave your home country?
- what are the benefits you're losing when moving overseas? (to avoid being so one-sided - sorry but the US/European infrastructure for scaling a business is MUCH better than in, say, Cambodia)
- navigating family/relationships issues,
- building a network in a new country (not just a lawyer but friends you can count on, etc.)
- what type of a business to build overseas,
- dealing with the challenges of building a business in a country where there's possibly a lot of corruption, no infrastructure, etc.
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