Comments by "MtnGrl585" (@mtngrl5859) on "Nomad Capitalist"
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@tstcikhthys I realize that is a Cultural Marxist talking point, but no other country is defined as "American" except the US. One can be a resident or a citizen of any Central American or South American country & be located in the "Americas", but one's identity is in the individual country that they are a citizen of. So, someone from Chile has an identity of being Chilean, not being "American". Yes, they are located in South America and realize they are in South America.
Even in Mexico, which is in North America, refers to Canadians and people from the US as being "Norte Americanos", so they are associating that they aren't Americans even though they are technically North Americans. Btw, Canadians only refer to themselves as being from Canada, not as being North Americans.
I live in Central America and travel throughout SA, by comparison they aren't doing anywhere close to my primary home in the US. Many people from Europe and the US make their money remotely, so they don't connect with how hard locals work in these country. I could write a couple of books on how different life is down here, I have a more positive view of the US the longer I am away from it.
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@lizcosgrove8199 Well, look at the present admin in power. Hunter Biden's dad picked the worst candidate in the Democratic lineup, anyone else would have better. So, we really don't have a VP that can be counted on. The speaker of the house is a senile alcoholic who is totally corrupt. Hunter's dad has moments of lucidity, but mostly he rambles on and on, craps his pants and clearly is trying to listen to what some one is telling him to say. Most of the world leaders don't even bother to listen to him. Look at our POS sec of state that can't negotiate jack. Compare that to Mike Pompeo of the previous administration, who had served in the navy, graduated from West Point , and had serious negotiation chops.
Can you imagine that we would be in this situation if Donald Trump had been elected. While Trump is highly flawed, he wouldn't have abandoned American citizens and allies in Afghanistan. Hunter's dad refused to have serious talks with Putin, again this would not have happened with the previous administration. The world was a much safer place under Trump. Trump restrained nato, this situation in Ukraine would not be happening and we would not be having crazy gas prices.
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Well, he was raised in the Boston area and his mother was a teacher. So, he was raised with a liberal agenda and then lived in Hollywood for years, so has zero idea on how the rest of the country lives. While he seems like a decent person, I'm sure it opened his eyes being there.
I remember back in 2004, I flew to Oklahoma City to pick up a rescue dog I was going to adopt. I had a long flight from California, there were no direct flights to Oklahoma City, and arrived late at night, thinking I wouldn't be able to pick up my rental car. But this was very cheerful, well attired young man, assisted me with the greatest courtesy. He inquired about my flight, inquired if I was visiting family and so on. The cost for the rental car was very inexpensive, he handled the entire transaction quickly and got me on my way. I remembered thinking that I felt that I had entered a different time zone, like I was in the 1950's or so back there was great service.
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@mariacourtney8712 Yes, it is so sad. The amount of programming that people in the western world is under is truly overwhelming. I try to keep things very basic when I speak to Friends and associates. I ask basic questions like how can the inflation be only 7% when house prices in my area has increased by 25% in the last year. The average 3 bedroom rental has increased from $3500-4500 per month. That's a 77% increase in rents. Just in the past year, rib eye steaks have increased 37%.and Gas prices are 63% higher than last year.
Yes, I live in California, so many of my clients can handle this increase. If one moves to Tampa, Florida which had a more reasonable market just 6 months ago, A 1 bedroom apt had a monthly rental of $850 on average, that same apartment is now $1500 per month. So, that's a 56.6% increase. How many people are making 50% more than they made 6 months ago.
Another area that I like in Florida is St. Augustine. 1 year ago once could find a simple 2+ bedroom home for around $1200/month/ That same home is around $1800 month. That's an increase of about 66%. Home prices there have gone from just around 200k for a simple 2-3 bedroom home to about $380,000 for a similar home. That's an increase of 52%. This is not a home in the most prime area ( close to the downtown or beach).
Presented with this info, most people have a blank look, I woke them up from their programming for a second. Then they get defensive and try to present some alternative info which is not valid. Well, I have protected myself and now working on a plan B to my plan B, so I guess it's a plan C.
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@TheBlackAce99 You're welcome! One thing that I would caution you is that due diligence is far more important in Latin America than it is in the US. I'm a licensed Realtor in California and I sell residential, investment, and land and if I did what some of the real estate people have done here, I would be sitting in jail or have to relinquish my license and pay fines.
One thing that you will see is the same property in websites listed at different price points. Typically this means that what you are seeing is a net listing which is illegal in the USA. Basically what this means is that an owner has told real estate agents that they want a certain amount and anything over that amount, the real estate firm can keep.
In the US in commercial real estate- which is governed by different rules- one can see large tracts of land with several different real estate signs on the parcel indicating it is what is called an Open listing. One call any of the companies or work with the Seller exclusively.
Some countries like Chile, water rights don't necessarily convey with the purchase of land. So, that has to be researched carefully and prime land is quite expensive there.
One of the good aspects of buying land in Panama, is that water in most areas is plentiful. It is common in the highland areas, that one only has to dig down 25-50 feet to find water. In California in the areas that I sell, it is over 300 feet down to find water. Also, mineral rights are conveyed with all real estate in Panama, not a given in the US. However, it does rain a lot around 100 inches+ a year. Areas closer to the beach areas is dryer with around 40 inches of rain per year.
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@jaredwarner2451 Most "city" people live in certain areas and rarely venture out, so statistics are skewed. For example, if one lives in the affluent area of Westwood in LA, there is nearly zero crime. Also, if one lives in the affluent areas of Mexico City, one will find the same. In my area of California where I live, I don't lock the doors to my home or my car, this is not something one will likely find anywhere in Mexico or most foreign locals. The term "crimes of opportunity" is a refined way of saying, one needs to live in an ultra secured way. Most Mexicans will not travel in the night in their car, which to me is a loss of freedom. Typically when many people from the US- including Nomad Capitalist- compare crime stats its always from a major metro area like Chicago, LA, or NYC, which have millions of people. This is not an accurate comparison if one is considering living in a place like Tulum. Compare Tulum with a place like Boquete, Panama which has a similar expat and size of the area. Boquete has zero violent crime and Tulum by comparison is quite high. Yes, if one compares it to NYC it is quite low, but again compare the size of the city to the actual demographics.
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@jaredwarner2451 Never experienced any of this in Westwood, lived close to UCLA, I think the median house price there is 2 mil. Panama is far more law abiding place than anywhere in Mexico. While I wouldn't say the food sucks, it is not a Mexican spicy cuisine. But there is a great diversity of food options in Panama City and Boquete as well. So, I haven't found food options a problem. sometimes I do bring some spices with me to add to a meal. But there are so many restaurants here, depending on one's budget.
I've followed Tangerine Travels and it looks like the host for him and his GF spend about $50 a meal for the two of them in Queretaro for their meals. None of these places look posh to me. He's spending about $1800 month for his place to rent there. Yes, its more of a luxury place but clearly not cheap living. Most of the rentals he showed were around the $1100-1200 range. For that price, one can get a 2 br ocean view condo in Gorgona or Coronado complete with a pool and a gym for that price.
The advantages to Panama is that it is a territorial based tax system. So, it is more strategic for people with remote businesses. Based on the type of properties that I prefer, Mexico is far more expensive for real estate. For a home on acreage in San Miguel de Allende or the Lake Chapala area, one is close to 1 mil its about 1/3 of that cost in Panama. Again it depends on the size etc. SMA gets much colder and much warmer in other parts of the year as well. If one wants just a beach condo not far from PV, then that can be had for a good price. But I like my privacy and rural living in Mexico, is not as safe as it is in other countries. Typically in the US and most of the world, the more rural one is, the safer it is, not in Mexico.
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It's up to $112,000 per person now. If you are a working "stiff" and have the ability to work remotely, you can always work with your employer to pay you as a contract employee. So, basically you are a 1099 employee. You really won't need benefits, if you are living outside the country and will likely make more money from the company since they are not paying you benefits. If you are married or have a domestic partner, you can pay them a salary up to 112k, so now you have 224k that it not taxed. Of course, there are many other deductions that every self employed person has: place you operate your business, technology costs, utility costs etc. Of course, one has to pay social security tax.
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@axelteichmann9690 That's the downside of having an efficient society, one of the reasons I buy German cars for the past 30 years ( MBZ, BMW) is that they are beautifully designed. One of my clients ( in California) is a big crypto currency investor and trader and he owes the IRS 600k in taxes, but his payment plan is $600 month, so while he is on the radar, he is comfortable with his debt. So, compared with many other governments, the taxes are not as onerous. Nearly 1/3 of the people in California, where I live, get free medical care and pay minimal to no taxes. Something like 50% of the US population doesn't pay any taxes at all. While the focus on this channel is higher net worth individuals, many people don't have the type of careers that are easily moved to another country. Nurses make over 100k, nurses in Mexico make about $700/month.So, for many it is a tough to relocate unless they have an investor or business mindset,
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@lm4559 Haven't flown in since then, but the Gov. of Florida has said he is not complying with federal guidelines for vaccination. So, use that as your guideline. You might want to check in with the state of Florida's office. There has been a proposal from the federal govt about having a vaccine passport going from state to state. What that tells me is that there is a realization that certain states- chiefly Florida and Texas- may not be following the mandate. The Gov. has said that he will rerun in 2022, so I don't expect to see much of a change in that state.
If this proposal of requiring a passport goes through- don't expect it btw- it is restricting access between the states. That would allow individual states to create barriers for entry. I would be all for the state of Florida not allowing people from other states who vote in a way contrary to the health of their state. We see what has happened in Texas around the Austen area, lots of California transplants moved there due to high cost of living in california. But they still vote in the same way, so the prices have escalated in that area, since they still vote the same way, changing demographics for that area.
Recently in my uber liberal area where I live, a woman posted on a social media site about how her daughter was attacked by a homeless man at a gas station. Now her daughter is afraid to go by herself to get gas. Her comment inspired some SJW activist to research this woman, check out where she lived and reported to her supervisor, Turns out that this woman is a teacher, so she got reported to the teacher's union as well. Now, she is under disciplinary action for her Freedom of Speech. Most teachers are democrat voters, so they are going after their own. In addition, recently I had some very liberal clients of mine witness a homeless man threaten to kill a woman who did nothing to him at the beach.
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@belle42 Each person's case is different, it all depends on one's income. The only Medicare that will cover one internationally is Medicare Advantage & that will only cover one in emergencies, so cancer treatments likely won't qualify one. Being a resident of California, our state pays the monthly fee of $170.25 if one makes around $19k or less, so many on social security will qualify.
Look into different insurance plans & see what works best for you. Some people find it is better to have cash on hand & pay out of pocket. What I will say is that experience of medical care is at a higher level than what I've seen here in Central America. The way some viewers on You Tube react to some hospitals as being like a good hotel room, that is standard care in my local hospital in California. Also, having access to quality alternative heath options- complementary health like functional medical practitioners, naturopaths, acupuncture etc is virtually nonexistent.
Once one hits 65, many insurance companies won't cover you. So, the sooner you get insured the better.
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@tstcikhthys We are from different generations, you are likely from the generation that believes that "telling their truth" is a fact, it isn't. One's feelings do not qualify as facts. If a man chooses to identify as a woman, he is still a man, his belief system does not change his biology. We have men who claim they are women who have all their genitalia intact but are being imprisoned with the female population & raping fellow female inmates. This has happened in Scotland as well as in the US.
Frankly the only people that can identify as African-American would be an individual born in Africa and then becomes a citizen of the US. I'm a bi-racial person myself (my grandmother was a Black African) but that doesn't make me an African-American. I was born in the US, that is my nationhood. I do have ancestral descent from an African country and regardless of my skin tone, I'm an American. I also have European heritage from the Czech Republic, but I don't go around saying I'm a Czech-American.
When people born in the US claim that they are Irish that is incorrect, in fact, it puzzles people from Ireland that people from the US identifies as such. One may have ancestral links to another country, but that does not confer a national identity. Of course, if one becomes a citizen to a country, then that is another matter.
Now we get back to national identity, the only country that can be identified as American is the United States of America. It is the only country in the Americas that has the name of the country America in the name of the country. Yes, one can acknowledge what continent they reside in, but that doesn't mean that is a National Identity.
I do realize the goal with Globalists is that they want to do away with any notion of nationhood. We see this quite clearly with the European Union. Countries like Hungary and Italy have pushed back on certain agendas of the EU. Recently, Italy declared that only biological women can participate in the Miss Italy Beauty contest, the EU has been in opposition to this. The current Miss Netherlands is a transgender man, so this all part of the social engineering.
Go on Book Tube on You Tube, there are book channels dedicated to Canadian literature. The literature from Canada is not referred to as North American literature, it is referred to as Canadian literature. The same is true with films from a given country. Films from the US are referred to as American films, this is how it is referred to throughout the world. The actor Ryan Reynolds is a Canadian actor, he is not referred to as a North American actor.
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@Deborah Hearne Because I am a working Realtor, that's why. I do have significant deductions due to my business but the type of business I'm in, I can't relocate to Puerto Rico. I have a good CPA but I was given percentages that other self employed people pay. The idea is that many people pay more taxes than they think they pay. Like the young man who responded to me from New Hampshire, he likes all the "services" that the state has, well someone is paying for those "services:" Clearly he is a renter and not paying for them.
Years ago, I was at a real estate conference and was having dinner with some of the other Realtors who lived on the East Coast ( Mass, Conn, NH, ) and what they pay in property taxes was shocking to me. In Mass, their homes are constantly reassessed, so their taxes climb and climb. In CA, it is based on what the property sold for. So, if one bough their home in 1989 for $149,000 and it now worth 1.4 million, the basis for the tax you pay is based on the $149,000. It does go up a little each year but only by a small percentage. While your neighbor who bought their adjacent home in the neighborhood, is paying on the 1.4 mil. Is it fair? Fairness is subjective.
20 years ago when Arnold was running for Gov in CA, he had the socialist-billionaire Warren Buffet on his campaign. Warren claimed that Californians were not paying their fair share, well he was sent back to Nebraska in a nano second due to the outrage from the people in our state.
Good old Warren who pays nearly zero in taxes due to how he structures his income and wants YOU to pay more and then hides behind the fact that he is still eating at the same restaurant and lives in the same house he has for the past 20 odd years. Every time you see, Warren he is eating an ice cream cone, right out of Norman Rockwell illustration, good old Warren
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@Deborah Hearne Deborah, I don't talk about my individual tax matters on YT but I have been a successful Realtor for the past 30 years in CA. If I was starting over again, I likely would move to another state but it takes years to build a solid business. Because of my average sales price, I would have to sell 5 homes in Texas or many parts of Florida to equal one home that I sell in California. I don't like to sell more than 20 homes a year, so that would be 100 homes a year in Texas, that takes on another level of work. I would have to have at least 3-4 other team members, I've done that before, not interested in it. In my area, a 2 million dollar home is at the lower level of luxury, so I always have the option of increasing my sales price if I choose to. But I prefer the low hanging fruit of selling homes under the 1.5 mil mark. If I get a lot of referrals, I split the deals with the newer agents in my firm, let them do the running around, while I do the marketing and client care.
There is a lot of value to where I live. What I don't like about other areas like Florida or Texas or N. Carolina, is that if I was blind folded and let loose, it would be hard to know if I was in which state since all the stores are the same, very limited. So, one PF Chang's looks the same wherever you live. In my area, we have the majority of local businesses that you can't find in other areas. We even have a great independent Book store, no Barnes and Noble, no Walmart. The local flavor has been preserved. Plus in the mornings, I run by the Pacific Ocean with its cool breezes and beautiful coast line. I buy my food directly from LOCAL ORGANIC farmers too. I have access to great food year round, every store here as great organic food, it is part of the ethos of an area. Plus my area is far more beautiful than Texas. I do like Florida though and it would be my second choice, but house prices are really increasing there at an exponential rate. I like its pro-business attitude.
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@bigdave5946 Good, I'm glad that you run your own business, so you understand what expenses are to run said business. And that you income is your net income not gross receipts. When you use terms like "loop holes", the general public understands that to be deductions that are allowable for your business. The proponents of the Flat Tax have held that there are no deductions to be allowed at all. This would be catastrophic for small businesses that have been the foundation of the USA economy. So, if the gross receipts of a business are $750,000 and your net income is $50,000. Do you think it is fair or equitable that the business owner should pay on the $750,000 figure versus the amount he/she receives?
Terms like Fairness are inherently flawed- fair to whom or what. This is the point of this video, Andrew's position is that the rich are paying their fair share and that others are not participating at all. Other viewers here have a position that even if someone pays no or minimal taxes, they are still participating in society. They pay sales tax, gas tax, DMV fees which are a tax, tax on their cell phones, tax on their travel options etc.
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@davidrichards1741 Yes, a certain level of humidity is great for one's skin. Even at higher elevations in Panama, one has humidity, so the key is to have lower temperatures to balance it off. Regarding Malaysia, I have read comments from people who invested there in real estate as a sign that they invested in the country for residency, then the government retroactively changed their position. So, it is not that real estate equaled residency, it was that they had a certain level of money invested into the economy. Doesn't change the fact that the government was whimsical and altered its policies.
Back in the 1970's ( yes, I know it was a long time ago), I had a teenaged cousin of mine that lived in Malaysia. He used to ride his motorcycle every where, well there was this really slow luxury owned by the ruling family ( he didn't see the insignia on the license plate), well he disappeared for 2 weeks in jail, no one knew where he was taken. He was not harmed, but he was put in jail. Another sign of how fragile one's freedoms can be.
In terms of personal liberty what concerns me in the east, is how compliant people are. I have friends in China ( who are chinese) and some of the things going on are next level. Most of the countries in the east had draconian measures re taking the inoculation. Thailand was pushing for prison if one refused to take it. Currently, the New Zealand Government is inoculating their dairy cows ( its being forced of the farmers) and 18% of them immediately died. It's amazing to me how people can't figure cause and effect. I have a NZ business associate of mine who was double inoculated who was in peak shape who had a stroke at 42 and refuses to see a correlation btw taking it.
Compared to this hive mind thinking, the majority of people in Central America refused to take it and did quite well with Ivermectin, like most of Africa as well. Recent protests in Panama, pushed back on the government, so the government can't infringe on the rights of people.
Since my main place of residency is California, I'm used to complacent or woke thinking.
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