Comments by "Nomad Lifestyle" (@NickDemski) on "Nomad Capitalist" channel.

  1. It's wild that the USA gets to take taxes on worldwide real estate income like this. It's like they're taking credit for something that has nothing to do with them.
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  2. 1:16 in one word: no.
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  3. I think Colombia is 180 out of a year, that's partly why I love it so much, they give you lots of time to stay and can easily renew the 90 days online without having to do a border hop!
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  4. My daughter currently has an American passport and she will be eligible for a Chinese passport when she turns 18. I think I will leave any decisions about her status up to her, though.
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  5. This is great advice for people with strong businesses! But even people who make less than 100K/year could take some pieces of advice here, such as, moving to a place that treats you better in taxes could save you at least 20K/year. That might not sound like much to some viewers who make millions, but for the average Joe, travel offers just as many financial benefits 😊🙏
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  6. I used to think politics was something the people had a bit of control over. 😂
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  7. After spending some time in Cambodia, I also found some pretty good deals in Facebook groups for regional or local real estate...could be a good place to start for people who don't speak Khmer but don't want to get robbed by a real estate agent. 🙌
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  8.  @rodinjohnson8233  not as good as you
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  9. It was great when it jumped $50,000. But then it crashed. I'm still looking at $60,000 again by the end of the year, though. It keeps surviving things like China's crackdown, risks of regulation, and will recover from El Salvadors sloppy roll out, I believe.
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  10. Is it even legal to get paid a commission on a product like this without mentioning it's the case? That seems super shady.
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  11. This is my favorite video of yours that I've seen. I wish I would've seen this video when I was 9. I had my entrepreneurial spirit squeezed out of me by the American education system. Now, there are so many opportunities worldwide that I was able to find my spirit again as an adult. Great time to grow, travel, and learn for people who think they're stuck on a one track road. 🙏
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  12. I feel like the "success tax" is an idea that can manifest in every area of life. You want to be fit? Gotta pay the success tax of exercise and diet. Want to be cultured? Gotta pay the success tax of reading and learning.
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  13. Very cool dynamic between you two. Mine is the opposite with my dad. Now that I'm a nomad, I'm always encouraging him to go where he's treated best! 🙌
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  14. I wish businesses would've fired me a long time ago. I delivered pizzas, flipped burgers, moved golf carts, coached basketball, and taught english...not once did anyone fire me. But I was never happy. Now that I run my own business, I'm much happier and might have found my way here earlier had I been fired from one of those jobs. Losing a job is all about perspective. It can be tough to lose income, but the freedom to make a choice for yourself is lovely.
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  15. I like my American passport because it get lots of visa free stays across the world. But it would be nice to have second one, maybe for unlimited time in the schengen countries...
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  16. I'm in Colombia now and have flights to Ecuador in May. Since they've closed their borders, I'm not going to panic, but wait a few months to see if they open up again. If they don't, then I'll use the opportunity to change my flights to somewhere that is open. If the whole world is closed down, I'll apply for residency within Colombia to wait things out. Going back to the USA would be a bad idea, getting quarantined at the border would cost thousands and thousands of dollars.
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  17. Great take on Spain. I do love the language and culture there, though. It's one of my favorite places to visit.
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  18. I'm looking forward to building a passport profile. Should I find somewhere I enjoy living as a priority or somewhere for tax purposes?
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  19. "trying a place on" is key to knowing if it will last or if you'll want to move. And there's nothing wrong with changing locations if you've found that your location no longer serves you. I gained residency in Mexico earlier this year, but then I moved to Colombia because I found it suited me better. No worries, and now I'm enjoying myself even more.
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  20.  @Re3iRtH  and also, I'd be careful about preaching about morals, usually only immoral people preach about how moral their point of view is.
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  21.  @irfannadeem9664  I'd say within 4 months I was having 50/50 English/Spanish conversations with people and then within 6-8 months speaking it fluently. But I'm still learning, too. And I was immersed in the language including staying with a local family and taking classes for the first 4 months. It's like exercising a muscle, it takes time to build it up but one day there it is!
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  22. A key thing mentioned here is that it's good to have placed that you can live where they can't tell you to leave. 🙌🙌
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  23. My apocalypse insurance is my ability to read, study, learn, and apply my newfound knowledge and skills to produce a quality lifestyle. There is no better way to insure yourself than to focus on your own growth!
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  24. This is why I advocate for people to live better worldwide. I left the USA for the big reason that it's really hard to save money there. Since I have student debt, I use my low-cost, full-time travel to help me pay them back while I live a life I love! In other words, the USA is robbing it's citizens and keeping them in poverty on purpose.
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  25. $250,000 for a quick option into St. Lucia? Sounds like a pretty smart investment for people who want to move quickly and have the capital to do so as long as the opportunity cost doesn't upset the balance.
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  26. Some really good lessons in this for me. I'm in a position to make my first property purchase but as a nomad, I love the flexibility. However, the options and distractions require a level of self-awareness that I'm still working on. Thanks for this video; it came at a good time for me!
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  27. Was that a Bernie impression? 😂
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  28. I don't think I've heard you mention this yet, but how frequently have you been flying this year? Has the trifecta approach paid off during border closures and helped you remain mobile, or have you been hunkering down? I was in Colombia when the quarantine started but it was too strict and I came back to USA in April. I have residency in Mexico so I might head back there for winter.
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  29. Citizenship by descent...the way America builds its tax base.
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  30. It's gotta be a routine without excuses. That's why I'm a full time single parent nomad, 33 years old, benching 200 pounds, and have a six pack even tho my daughter and I eat cookies and pizza. Aaaahhh the good life 😁
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  31. I had my best financial year, too. Thanks for helping the community learn from your experiences!
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  32. Hong Kong is fine, it's a second home for me and where my daughter was born. You nailed it, Hong Kong has an image problem more than anything else. It's still a safe, lovely place.
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  33. I went into a McDonalds in Vietnam. It's gross. Even in the D1 backpacker district they serve your meal with nasty, soggy rice instead of French fries. It's a crime against Americans abroad thinking they're about to get some world-class grease potatoes.
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  34. As a single dad, I'm currently trying to find us a few 'home bases.' Hong Kong has been one since my daughter was born because she is half Chinese. But it's not a great place to visit currently because half of the public transport is shut down. Spain is a good option for three months, Thailand is a quality place in Asia that has good Wifi, I'm headed to Medellin in a few weeks to see what it's like there.
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  35. This gives me ideas for 5-10 years from now, thanks for more morning inspiration!
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  36. Do you foresee a time in the future when Africa will be more on your radar?
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  37.  @kikinyte6806  I'm sure there will be. But I hope things return to normalcy pretty soon. All these restrictions on movement are super annoying.
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  38. Sweet play button! Nice job, Andrew!
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  39. Interesting stuff. I've never felt too emotional about traveling full-time and living the nomadic lifestyle, but I've yet to 'divorce' America, as well. It definitely helps to have that support network outside of the USA and make friends in other countries. Do you ever visit America and talk to Americans you dont know about this decision? I wonder what they would say in person?
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  40. It's interesting how freedom and responsibility are inextricably linked. When I started taking personal responsibility for my life, I started making more money and traveling how and when I wanted to travel. When I was placing my woes on externalities, I remained broke and unhappy. Andrew nailed the moral of the story: your freedom IS your responsibility.
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  41. I don't think there is a nomad on Earth that can fear panic over a virus like this. Its antithetical to our lifestyles. Congrats on filling the VIP section! And yeah, after living in HK for years, ive seen people who use the facemask, it seems, as a type of style.
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  42. I never really thought about giving up my American citizenship until I started traveling and realized that our tax system is like a parasite compared to the rest of the world. Thanks for always sharing how to rid ourselves of our tax parasites, Andrew!
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  43. I can testify that having family in USA is a big reason I have trouble letting go. But, I've been seeing the many advantages of living nomadically as the years have gone on. And guess what? We can always return home to visit family whenever we need to nourish that aspect of ourselves.
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  44. I have a bank account in Mexico that I opened through a temporary residency permit. As long as I report it, it's legal, as Andrew points out.
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  45. More sound advice, thanks Andrew!
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  46. I guess my evil plan won't work. Actually, just leaving the United States significantly reduces my cost of living. That's a benefit, even if I can't change my tax status quite yet. 🙏
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  47. Thanks for sharing this, Andrew! Definitely isn't cheap to get that second passport there, but it may be better than paying American taxes over any extended period of time.
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  48. More good advice. I'll always remember to avoid the 'value traps.' Where did you buy your mediocre property at?
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  49. I'm in Colombia now and the exchange on the COP is insane. It's like living for free. On more serious note, I hope people are keeping themselves healthy with diving into the panic!
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  50. Even my daughter, who was born in Hong Kong and is half Chinese, only has permanent residency in Hong Kong. Not easy to get in there, but there nice places to live outside the city center if people don't want to get congested on the island.
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