Comments by "Steve Davenport" (@stevedavenport1202) on "Nomad Capitalist" channel.

  1. I love the Philippines
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  2. Am sure there are Karens in waiting. However, their culture suppresses the Karen trait. "I am woman. Hear me roar" is very much an American thing.
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  3. I could have told you that flight attendants make bad customer service reps. They are enforcers, first and foremost. I made a career out of transporting flight crews and those flight attendants are some rather abrasive folks off the airplane.
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  4. Well, it's very clear that these videos are essentially infomercials for your service. However, like all things in life, it's a little more nuanced than you are portraying here. If you are a laborer in Mexico making $10/day, then you are going to 20x your income by migrating to the USA, plus enjoying free health care and most likely moving into a community of fellow Mexicans where your neighbors and local businesses and service providers speak Spanish. You are most likely to live in a home with 4 or 5 working adults, so your real cost of living will be manageable. Given these facts, moving to the USA is a no Brainer. However, for people making middling incomes in developing countries, let's say 1K to 3K USD, moving to the USA would be a wash financially since that income range could afford you a comfortable lifestyle there. As for high 7 figure earners in the USA, unless your effective tax rate is over 50%, life can be pretty sweet here. Imagine living in Marin County where the climate is close to perfect. You have season tickets to the 49ers, are close to Napa Valley and can ski in the Sierra Nevadas or Rockies, live near a world class city with fantastic dining options and non stop flights to dozens of international locations in Europe and Asia. On top of that, most of the people around you speak your language and share a similar cultural reference and you are very likely to find similarly affluent peers with whom to rub elbows. Until the USA becomes an Hugo Chavez style cleptocracy that demonize and exorts the rich, it's a pretty good option for rich people.
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  5. If you make a lot of money from foreign sources, then being a US citizen and living overseas wouldn't be beneficial. However, you can exempt the first $100,000 from US taxes if you live most of the year in a foreign country.
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  6.  @nomadcapitalist  Correct...perhaps more applicable to us working stiffs than people of means 😀
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  7. ​@katerinejonhson4416 I have met many Brazilian visa over stayers in the USA working here illegally, barely speak English.
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  8. I think Canada and the USA are still better destinations for low wage workers. A day laborer or construction worker makes starvation wages in most developing countries. The other thing to keep in mind is that most folks who seek to work overseas have a basic command of English. This still makes these two countries more attractive options vs a place where you need to learn another language as an adult.
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  9. Mexican humor is based on double entendres...lots of sex, anti gay humor and trying to rhetorically put other people in sexually compromising positions.
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  10. Just throwing money at people when so many jobs are going unfilled is nuts. However, we can't take UBI off the table. Eventually, automation will make most jobs obsolete and it will be a necessary for the system to work.
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  11. I thought Bahasa Malaysia was the language of KL.
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  12. Has the smog improved?
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  13. You are not riff raff if you are a skilled engineer
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  14. The question I would have is A. Do these banks in places like Ecuador and UAE allow you to open dollar accounts? B. Are they guranteed by their governments/insured by their governments?
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  15. I think certain countries engage in tit for tat because they dont really depend upon US citizens for tourist dollars, such as Brazil. If Mexico rried the same thing, that would have a huge impact on their tourism industry, so they dont do it.
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  16. Not sure how the tax code applies to millionaires, but as long as you are a US citizen, your income is subject to federal taxes. If your primary residence is overseas, then the first 100K earned is exempt from federal taxes. So, if people want to move to another part of the USA, so be it. Assimilating to another culture and language is not easy and you will always be a foreigner.
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  17. Yes, so true about swearing in Mexico. It's mostly a lower class thing, but prevalent.
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  18. I think certain countries engage in tit for tat because they dont really depend upon US citizens for tourist dollars, such as Brazil. If Mexico rried the same thing, that would have a huge impact on their tourism industry, so they dont do it.
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  19. Unless you enjoy social isolation and/or having a very limited social circle, best to learn Spanish.
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  20.  @paulkent2219  This is true
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  21. I think the main premise should be 'Would you feel at home in Mexico and enjoy the climate, people, culture, etc?" Granted, there are certain civil liberties that Mexicans enjoy like breaking nuisance laws and even getting away with DUIs if you can grease the right palms. Something to keep in mind is that you are a potential target for kidnapping as a rich foreigner. Unless you want to live like a barely affluent person, you will constantly be looking over your shoulder. The world is still open to US passport holders. Getting a visa to most countries is a mere formality in most cases. For the countries that DO make it hard for US citizens to visit there...do you really want to bother?...i.e....North Korea, Iran, Russia? Seek out dual citizenship where you plan on spending a lot of time and have a love for the country AND where they tax your wealth lightly.
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