Comments by "MtnGrl585" (@mtngrl5859) on "Nomad Capitalist" channel.

  1.  @jacobbordenkircherr.s.b.ia5679  There is a reason why it is the least populated.
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  2. True with many areas. Even in Germany one is more circumspect.
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  3. Correct. I live in a great area in solitude with stupendous views of the Pacific ocean. I haven't locked my doors to my house in years, zero violence . If one knows how to structure their business, the amount you pay in taxes in the USA is less than you would pay in places like Colombia.
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  4. Andrew, I have family that left the now Czech republic in the 19th century when it was part of the Austro-Hungarian empire. Would I be able to qualify for Hungarian since it was part of the republic or only the physical country where my family member was born?
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  5.  @conveyor2  There are parts of Florida just as reasonable as many parts of the world.
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  6.  @HigginsLawLLCWinterHaven  Not sure what comment of mine you are referring to. Boring is a relative term, My sister's idea of boring is not having major shopping within 5 minutes of one's home. That is not my idea, so each person is different. I responded with Belize, because the person wanted an English speaking country. For me, Belize would not be an option, since its a little too flat and hot for me, but everyone is different. Many people like countries like Malaysia, Singapore etc and they are too hot and humid for me.
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  7.  @mela6046  How many countries do you know that will create programs that you can buy a house with no money down (USDA loan), if you serve in the military buy a home with no money down ( VA), pay for your college, if you choose to go the expense route and spend 250k on school loans, if you work for the federal government for 10 years, they will forgive it. Now with President Biden, he is pushing to forgive the first 50k of one's school loans.
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  8.  @pmb6667  That is true but many places around the world, women and people in general, use more caution of where they go and when they go. I'm not going to walk anywhere by myself at 2 am in the morning. There was a case in Australia of a young Belgium man disappearing after leaving a club and never being seen again. It can happen and does happen.
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  9. Also, helps if you are a straight man too there. Not the same for others
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  10. Its just a tourist area, not the best area to be.
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  11.  @aidannewton  Prices in Panama reflect that it is a stable country, very easy to rent properties out at a good price and return. If you get cheap prices on property there will be many other concerns. For example, in Costa Rica real estate is more reasonable but crime against expats is quite high. Colombia does tax on world wide income unlike Panama.
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  12.  @aidannewton  Yes, it is difficult to sell one's property in Panama quickly. Currently I am listing and selling homes in California in under 10 days, so that is not the norm world wide. Many people hold properties for years and their rental income is their return. It is a different mindset. The other thing to keep in mind is that the first $120,000 is tax free and then up to $750,000 is is 1/2 of 1% tax. I had a friend look at this condo in an expat area, where they could higher rent, and it was listed at $120k so no taxes, low hoa of $60/month and he could rent it out for $1200 month. That's a good return.
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  13. One is already starting to see a different direction. The State of Florida is negotiating directly with over countries for trade deals. The traditional route was to work with the Federal Government but they are streamlining the process. Florida has able leadership under the Governor and the popular Lieutenant Governor. Florida has a population of over 20 million people and there are more guns there than in any other state. I'm not a resident of Florida but I can see the handwriting on the wall.
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  14.  @benbenjan811  Pretty close. The home my parents bought in 1959 was $21,000 and a similar home in my old neighborhood sold for 1.3 million in Silicon Valley.
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  15.  @sm3675  In California, house cleaners charge $30-40/hr.
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  16. That was pretty good money in 1974. I remember in the early 1970's that gas was 29 cents a gallon Mon-Thurs and on Friday it went up to 32 cents a gallon. Depending on how many gallons a car held, 15 gallons would be $4.35 at 29 cents a gallon. 1974 was a pivotal year, Opec got together and gas prices skyrocketed to just under $1.00/gallon by 1978. My parents sold their home ( California) for 36k in 1973 and by 1978 it was worth 110k. They purchased it for 21k in 1959. Today it is worth 1.5 mil. It was a simple 4 br, 2 bath home with 1600 sf.
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  17.  @cliasta9614  Particularly if one knows how to run a business. Back when I was in college in the late 1970's, I met a woman who did housework to, support herself through college. By the time she graduated, she had a very successful housecleaning business. Within 5 years she built it into a good sized business and later sold it for 5 mil dollars. She never actually used her degree
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  18.  @cliasta9614  Yes, its a good example of how one can build a successful business that doesn't require a great deal of education or technical skill.
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  19.  @cliasta9614  Not sure what country you live. But I live in California. A good way to build your business is to reach out to Realtors ( I'm one). We are always looking for good people who can clean a property before it goes on the market and often before a Buyer move in. These are commonly called move in and move out.. We also have a social media site called Next Door and people always are posting looking for good house cleaners. There is more $ though in move in and move out though. Its more of a heavy type of cleaning- all cabinets etc rather than the weekly easy cleaning. As I built my business, I likely would expand it to include concierge services: errands, dog walking etc. The good news one can always hire college students and then double bill for their services.
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  20.  @georgemkay5980  So is Panama or other countries that tax territorial not world wide.
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  21. There are plenty of places in the USA that are affordable. I was looking online for a client who wants to relocate to Southern Missouri. I found a 3 bedroom home for $57,000 on 1/2 acre. That's about a $265.00 a month payment, less than most people's car payments. I also saw very nice apartments with all utilities paid for $400/month. So, one can live affordably.
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  22. If social security is half your retirement income, renouncing makes zero financial sense. You need to meet with a good financial planner, many of my clients pay nominal to no taxes at all. One needs to be fairly wealthy to make renouncing an option.
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  23.  @alaskanwhiskey  Don't spread fear, just facts.
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  24.  @guilhermesalesferreiradaco2934  Both of those places have high vaccine compliance and depends on what you want out of life. I would never want to live in Singapore nor UAE. You can forgot about owning a home and I mean a home not an apartment in those areas.
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  25.  @niks1na  Exactly and one can easily buy a home with nearly no money down also in many of the areas that you mention.
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  26.  @guilhermesalesferreiradaco2934  I guess I made the wrong assumption that you were interested in wealth creation being on this channel. Real Estate is the pillar of wealth creation. 87% of the wealthy did so through real estate. Andrew does speak of real estate himself on this channel. Personally, living in a country where one can't get personal residency seems like a colossal waste of time. I've been tracking some of the key markets in Florida and for a small down payment, I would have had an additional 300k in a relatively short period of time. This is the beauty of passive income.
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  27.  @guilhermesalesferreiradaco2934  First off, interest rates for one thing. Once you invest in an apartment building you have commercial interest rates, so it is much higher. In the USA, one invest in 1-4 units or less for around 3-3.25% interest rate. Most of my clients who are investors are making strong incomes in the tech industry but they are investing too in real estate. Apartment buildings have their own challenges too, more tenants, more challenges, not as easy to sell if one wants to sell. There are many tax deferral strategies that exist in the US. At present long term capital gains is 15% which will likely change.
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  28. That's because Warren never pays any taxes, he is fine with others paying taxes. He so disingenuous that little socialist millennials buy into his BS. When he used to say his secretary paid more taxes than he did, he was correct because he didn't take a salary. He took his income through stocks.
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  29. Have you seen the police there beating on people there, shooting rubber bullets into the residents there? There were people who were going to adopt some dogs in a dog rescue, to prevent people from coming, the police just went in and killed the dogs.
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  30. Yes, the house he shot in the videos he rented for the day. It wasn't his home, just a set.
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  31.  @multa7053  That's funny! It's been many years since I lived in Roma and FIrenze, but that was certainly my impression! Love Italy and the people!
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  32.  @Wolff13  Understand. Haven't lived in Italy for years, so not a good resource. Depending if you want to own or rent, that will determine where you end up. If you want to buy, I would avoid real estate sites that go for the luxury buyers, there are likely deals when one is there. But the best values are likely in some of the hill towns rather than in Firenze. But depending on your budget, you can live in FIrenze and enjoy life there. Comfort means different things to different people. I've seen what I would call a decent 2 bedroom for 1300 Euros/month. To me, that is reasonable and if one walks to cafes and the like, that would be a great lifestyle. If you can afford more, than you will find a fairly decent selection.
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  33. @James Bond There are many frustrations in living in LA. I nearly always drive in the slower or mid lane, if that option exists. Being in a more rural lane, we have a lot of 2 lane roads, so that is not always an option. I try to pace myself where there will be less traffic, I realize that is difficult in LA, but in most areas there is a pattern to traffic, and I do the work arounds. I keep myself off the roads during commute hours, since I live in a Coastal area, I am aware of tourists and do not do unnecessary travel then. This has reduced my frustration level.
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  34. Some of these comments are weird. I see kids on bikes everywhere. I live in a coastal area, they are on skate boards by the beach, in the water surfing. Yes, they do also play video games at home and actually go to a place called school.
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  35. Wolfgang, It's excellent that you have Critical Thinking and can articulate your position clearly, so many of the people who comment on this channel are amazingly uninformed.
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  36.  @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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  37. Argentina is a case in point on why government handouts don't work out either. The world we are heading into, you don't want to be a poor person, that's for sure.
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  38. It's all been socially engineered.
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  39.  @miljanvisnjic4022  The key is to have an independent income. Many people retire to other countries with a lower cost of living or have the ability to work online for a similar salary but they are not working for a local salary. In California, the average Registered Nurse makes over 100k a year and in Mexico city, makes around $750.00 month,
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  40. In Panama, one won't find fresh black berries or raspberries. Strawberries yes.
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  41. 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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  42. Upper tax bracket is 49% in Portugal, really crazy.
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  43. Panama is a very tough country to have a business in, its fine if one has an online business and not dealing with the country, but as far as doing business in Panama, its a nightmare. It's interesting the longer I've lived outside the US, the more I appreciate many parts of it. My husband has many European workers in his business and by and large they are the laziest, entitled people I've ever seen. Businesses in the US are spoiled by having dedicated, hardworking people. You won't find that in Latin America or Europe. Btw, UK and Ireland I don't group as being Europeans, they are in the Anglo-sphere.
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  44.  @ellisrose8017  Great that one can go in and buy that miracle drug at any pharmacy with no prescription. This is true throughout Mexico and Central America.
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  45.  @ellisrose8017  Yes, wonderful stuff.
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  46.  @NigelHyphenJones  The handwriting is on the wall considering that Warren Buffet sold most of his stock holdings. Should be a wake up call to many investors.
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  47. So, people need a minimum of 500k, many would call that relatively wealthy.
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  48.  @rdix2501  He slants his channel very heavily towards certain countries, I wouldn't be surprised if he received some kind of sweet heart deal with these countries. He keeps crowing about Malaysia but look at his video he had about the recent changes in Malaysia with the visa. He pretty much soft pedaled the changes but in reading the comments on his videos, people who have lived there for years are enraged. They bought expensive real estate because they were told by Malaysia that they had residency, now Malaysia decides to change their income requirements which basically isolates anyone of a retirement and middle reserves. Andrew refuses to address the issue of vaccine passports. In nearly every video, there are numerous requests regarding information on countries and what their position is. This is a huge concern around the globe. Recently I heard in Europe that there are taxis only for nonvaccinated people, it is becoming a 2 tier society. Recently in Paris, the French are taking over outdoor seating outside of restaurants and bringing their own food in defiance of restaurant only serving vaxed people. There are hundreds of thousands of people protesting in Europe over these mandates. In order for people to go Where they are treated best, it is important to have this information available to people.
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  49.  @thinkforyourself9334  Love your stats.
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  50. Have to find private transport to get out.
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