Comments by "WanderingDoc" (@wanderingdoc5075) on "Nomad Capitalist" channel.

  1. I'm quitting my mid-high 6 figures a year job to go explore the world. I have enough passive real estate income to support my lifestyle. I am so spiritually against what is going on in America.
    109
  2. Japan however has amazing scenery, traditional and feminine women, and a school system that doesn't brainwash feminism and wacky newage Western ideas to the children. Great tea and hot springs too.
    53
  3. My favorite dude right here
    49
  4. It's going to be difficult to give up a 7 or 800,000$ per year job in the US in my 30s as an MD/ diagnostic radiologist. However, I'm so spiritually against what is going on in the US that for me it's a no-brainer.
    17
  5. I'm 38 yo, relatively wealthy (financially free), but I don't want to buy $500K real estate to live somewhere. How else can I get a residence permit for Malaysia?
    16
  6. Come to China. My girlfriend is 10X more brainwashed by CCP propaganda than the most woke person in California. The East isn't exempt from ignorance and massive propaganda.
    16
  7.  @escalatedpumpkin  The difference is, in the West if you look hard enough you can actually search for truth and tell it to your friends. People can be convinced of the truth. In China if you try to convince someone of the truth too much, a bunch of police will be visiting your house once a week. I've lost dear girlfriends from China because I questioned the CCP to them and they simply were offended or were uncomfortable to chat about it and eventually it blew up the relationship.
    15
  8. How are the women? I moved on from Western feminism and entitled women long ago
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  9. I moved from the US in early 2023 but I'm still getting guilt trips from family and friends that I should come back..
    12
  10. The Philippines has the worst quality food in the 40+ countries I've visited. Malaysia, Korea, and Vietnam has some of the best.
    11
  11.  @christopherbradley5575  If a dude told you he's quitting his job at McDonald's because he doesn't want to get a vaccine it doesn't show you the strength of his convictions and beliefs because he doesn't really lose anything in doing so.
    11
  12. Andrew loves saying Malaysia has great food. All dishes are 80% rice. I've spent a good amount of time in Malaysia. Japan and Korea have much more interesting, healthy, and tasty cuisine.
    10
  13. Come to Southeast Asia you'll see something very different
    10
  14. 'Had a good time in Malaysia'.. I guess you failed to mention their totalitarian military lockdown. Military patrolling in the streets. Not allowed on the beach or if you were you had to just walk through and wear a mask. Also the fact that you could not travel to another state in Malaysia without approved papers from the Malaysian government, this lasted through 2020 and 2021. Andrew please be honest with your viewers. Malaysian was one of the most restrictive and oppressive countries in the world during this ordeal.
    9
  15. A foreign country is in NO obligation to speak English for your convenience. You want to spent time there? Learn THEIR language.
    9
  16. Never was a Europe guy. I like gritty and raw kind of places (Asia)
    9
  17.  @patricksweeney5308  Just learn Spanish. It's the easiest language to learn for English speakers (Category 1) "languages most closely related to English". Japanese and Mandarin are Category 5. Spanish is a joke to learn, immerse for 3-4 months and you're fluent. No excuses. Stop trying to Englishize the whole world mate
    8
  18. I live in the Philippines. 3 years in country legally allowed on a tourist visa. Leave once, 3 years starts again. No permanent residency needed. Having the time of my life here, never felt so appreciated.
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  19.  @ibrahim_sultan101  I can think of at least 10 business ideas off the top of my head
    8
  20. Its fine, I've been to 8 countries during Covid. When you live on the internet you tend to mischaracterize and exaggerate needlessly
    8
  21. I would say the Philippines probably has the kindest, however Malaysia is better quality everything else.
    8
  22. Hot and humid year round?
    7
  23. I ain't renouncing.. but I certainly want to spent as little time in the woke feminist communist sh**hole that the US has become
    7
  24. Hello, I'm a board-certified diagnostic radiologist. I'm curious if I can do this M.D. job in Georgia and pay 1% tax? I speak Russian if that matters but my medical training is obviously in English. Thanks!
    7
  25. Oahu is my place for best weather in the world (shirts and sandals year round). 70-86F year round with low humidity. CA surfing isn't great and you need to wear a wetsuit (unlike Hawaii).
    7
  26.  @zaptosmedia4707  No we have issues with entitled overweight feminists
    6
  27. General crime throughout the entire country of America is significantly been down and has been falling since the late 90s. Things you hear from Andrew or isolated incidents you see on TV are obviously not the whole picture. I've been living outside of America for the last decade while making money in America but Andrew is often disingenuous. He criticizes US real estate except US real estate has by far the best financing, best returns, and best tax benefits in the world (on real estate). Obviously someone who renounced has an inherent bias to justify their decision. I am Geo-arbitraging outside of the US but unlike Andrew I don't need to lie about anything to anyone. Andrew knows most viewers won't bother to look it up.
    6
  28. Countries popular for 2nd residencies (Panama and Malaysia come to mind) have had much, much more restrictive lockdowns than the US. I spent the last 2 years in South Korea who IMO has had the strictest 2 week quarantine in the world coming in. For all that is wrong with the US, they aren't restricting their citizens nearly as much as other countries.
    6
  29. I agree based on experience. I believe it's a bit different with each woman, but once she hits 3-5 guys with romantic involvement, something flips in her head and she's not able to love a man in the way he wants and to give the treatment your father and grandfather got from his wife.
    6
  30. You didn't want to pay the $60K, don't blame you.
    6
  31. Why do I feel like I've heard this interview before?
    6
  32.  @jschrager23  easy to get a vaxx card. No test or vaccine needed to enter Colombia which is awesome
    5
  33.  @jschrager23  Florida is great. We have a condo in Miami. But not great enough for me to trap myself in the US pumping my fists, and never going anywhere else. I'm a traveler and explorer, not going to stay in one place for years in the name of anti-Covid-vaxx. You do you though
    5
  34. Johnny if that's really you I'm a big fan. I have been giving the marriage thing a lot of consideration and as a mid-30s single financially free, M.D., I have decided to settle in Taiwan or Japan to have my family. Happy to discuss. First, traveling to a bunch of countries. As you mentioned, the US is not a place to get married. It's not even the marriage laws that are the problem, it's a lack of women who are good girlfriends.
    5
  35. Do I need to renounce my US citizenship, to avoid capital gains taxes on Crypto (if I'm living in Portugal) ?
    5
  36.  @Oxatwork  Andrew said crime in America is up which is a lie. He didn't say crime in Chicago or minneapolis, he said crime in america. This is just one of many examples where Andrew pushes a narrative which benefits his business or his bias but is actually false. Similar to when he kept saying Malaysia has more freedom and liberty than legacy brand countries meanwhile there was a totalitarian military lockdown for a year and a half. People just listen blindly and never verify.
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  37.  @misterdance480  From the tallest dry powder snow for skiing-boarding in Hokkaido, to the highest quality and beautiful green tea farms in Kyoto, to the best mineral hot springs in Oita, Japan is the most geographically, nature, and culturally diverse place I've traveled to in the world. The unmatched integrity and honor code of the Japanese is a bonus. Japan is so dedicated to excellence to their craft you commonly see 20+ generations of fill in the blank skill. Food, bar, and dating scene is top notch as well.
    5
  38. México, Korea, Costa Rica, Panama, Balkans.
    5
  39. Dude is a permabear and perma-doom n gloomer. He's making bank from you fools watching his doom and cynicism. Look at Andrew, positive and solution oriented.
    5
  40. There's a lot I don't like about the US but you don't need to lie to people. Crime rates in America are at multi-decade lows.
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  41.  @alexanderp.1391  It's pure laziness for someone who wants to spend a year in a country (let alone 10) to not want to learn the language = learn the culture
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  42. How much Thai baht
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  43. My NW is ~$1.5M. Taxable income ~$180K. Plan to move to Taiwan or Japan in a couple years. I'm young. Should I keep my NW below $2M meanwhile? First time I am hearing this.
    5
  44. Crypto on a ledger will do F all for you in a zombie apocalypse scenario.
    5
  45. I'd like to think I'm an elite kind of guy
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  46. An American passport was most valuable in the 90s.. now, its just okay. I was born in Russia, immigrated to the US in '91, got my M.D. and dream life.. but after traveling around the world.. there are simply better places to live.
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  47.  @secrets.295  Do you think they will let just anyone to be able to enjoy heaven? ;)
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  48. What are your top choices? I've been in East Asia since 2011. I make money in US; the rest of life is much better elsewhere.
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  49.  @jschrager23  ok then stay trapped in your Westernized country jail and don't go anywhere. what do you want me to tell you lol
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  50.  @danielj3010  I only speak Russian English and Mandarin. I guess I'll need to brush up on Spanish beforehand
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  51. Malaysia has had multiple totalitarian military lockdowns over the last 1.5 yrs. Andrew promotes KL Malaysia. Do your research and make sure the countries you think are free actually are. I'm not a fan of the US, and haven't lived there since medical school, but US is a lot more free than a lot of the places Andrew promotes. I own all my cash-flowing real estate in the US and have legally paid $0 on my real estate income. Do your own research.
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  52. Hawaii, Taiwan, and Japan. Best combination of weather, food, people, dating options, culture, and nature.
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  53. It's not that hard. Learning a new language is a blessing.
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  54.  @lorenk.775  It's written into the tax code. I have 5 rentals and $1MM in passive private placements. Depreciation and bonus depreciation. I earn $60-100K net on my real estate every year. But on paper it looks like I break even. And people wonder why Trump paid little to no taxes.. he had a good accountant who did everything by the book! Democrats wrote all those tax laws that's the irony here.
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  55. Itoshima, Japan and Shimoda, Japan. Amazing surf, great dating, hot springs. What more do you need in life?
    4
  56. Is this another April fool's video? Joe Biden cannot be a president of anything. I have never voted and the US president has not affected my mood or life one iota. I live a deliberate life, and success is inevitable if you work hard and tune out the noise. Like you said 'I don't care' 💪
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  57.  @thinkforyourself9334  Dollar, Euro I mean kinda the same. If the Turkish Lira loses 8% a year relative to the US dollar AND this property appreciates 8% a year, then in ten years this property would be valued at 280 USD (in dollars which have lost significant purchasing power mind you)
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  58. I almost destroyed my electronics as I spilled my San Pellegrino all over them
    4
  59. I'm a wealthy expat living in the Philippines. The cities here are 10X safer than US cities. Educate yourself OP.
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  60. That's good that you told me because I've already booked my flight to Panama for February and just about to book my trip to Columbia for March. Let's just say I do have a card with two doses of a covid vaccine written on it which has legit worked for things so I'm good :)
    4
  61.  @sirgalahad2  I was born in Dushanbe and fluent in Russian. Will early retire at age 37 next year and looking to make the round. Maybe even find a nice wife. Will be checking out all those next year. Ty for the suggestion!
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  62.  @mentorinspired  Appreciate it! It's a long time coming from travels in Asia meeting so many fantastic people. We only have one life to live.
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  63. Passive real estate income can come from various sources like partnerships and being a passive investor in syndications. I didn't say I own rental property in my OP.
    4
  64.  @shirleylake7738  No need to say sorry. Just realizing my dream. It's what life is all about. Thanks!
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  65. Forget mm2h what I'm more interested in is how Andrew is when he is drunk I bet he's even more ritzy than in his videos haha
    4
  66.  @monkeyrater  I lived in Hawaii for 6 years in my 7th floor condo with constant trade winds where I couldn't even open the windows more than 3 inches without feeling cold. I rarely ever even had to use the ceiling fans. Hawaii is not hot and humid. In fact it's the least hot and humid place I've ever lived in except for Alaska. I've lived in New York and DC and the 3 months of Summer there is 10 times worse than the hottest days on Oahu. I'm in South Korea right now and this summer we've had no rain and the heat index has been 105+ for several weeks now. This is hotter than any weather in New York I've ever seen. I've spent a fair bit of time in California as well and the nights in the 50s in San Diego and San Francisco isn't exact ideal weather for many.
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  67. My condolences.
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  68. I have been Asia the last 11 years and have just moved back to the States. Already booked my trip to Panama in February and was looking to go to Colombia in March. Can I reach out to you and ask more about Colombia, if it's as bad as you say then I'll go to a different place. Thank you!
    3
  69.  @brendan1675  Just checked. Actually Columbia doesn't require a vaxx OR a negative test prior to arrival! Just a filled out health questionnaire 24 hours prior to arrival. I'm going to Panama in Feb and it requires vaxx or neg PCR test.
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  70.  @mariatineo4614  Yes. You can continue to be jailed by your own government and never leave your country. What a great life of freedom 😆
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  71. I've been hearing that for 20 years.
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  72. Thanks Andrew for the heartfelt message <3
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  73.  @DearVichelle  I live in Seoul and besides the awesome food scene, it's overrated.
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  74.  @tjblackmore7863  Not nearly like Malaysia. I'm speaking from an asset protection/quality of women/environment and culture to raise children in standpoint.
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  75.  @tjblackmore7863  Well said man. I have heard very good things about Mexico. I am fortunate enough to have built a nice passive cash flowing real estate business. I still have 1.5 years in my service commitment. After which, I'll be going around the whole world. Will document it on this channel too. "Rent where you live, buy where others pay your mortgage for you" is my motto.
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  76.  @tjblackmore7863  The older I get, the less "stuff" I want. This is the mindset shift you have after traveling enough, learning other cultures and languages, meditation, and making a bit of money.
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  77.  @lorenk.775  Doesn't matter. If your income is even or net negative, you also pay $0 to the state. The only chance to pay a tax is if you sell - and even then if you do a 1031 exchange you don't pay any tax.
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  78.  @Arimethius2  we have property in Aruba and I can tell you unequivocally Hawaii has 10 times better beaches.
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  79. SE and E Asia hands down.
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  80.  @Oxatwork  exactly my point. If you look at general crime it has been on a persistent and steady decline in the US since the 1990s.
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  81.  @Oxatwork  watch Andrew's video again. He literally said crime rates are going up in America and that is a statistical lie. Speaking of violent and non-violent crimes crime rates have been steadily declining for the last 30 years. Yes there have been protests and riots lately but that doesn't change the validity of the facts and my statement. Isolated incidents will happen every once in awhile but take a look at the general trend.
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  82. "The market is overheated" That's what my mentor had heard since 1960 in CA. Yet those property values doubled every 10 years.. this includes the downturns! I know we are all selling something but Andrew you are off on this one. I would never LIVE in California, but the numbers don't lie. CA is like the 5th largest economy in the world compared to all countries. Anyone who bought anything there 20 years ago is a multi-millionaire.. by accident.
    3
  83.  @susiebear3316  "socialist shithole" true. Most profitable real estate market, also true. Look up the numbers, they don't lie. 8% YoY appreciation and 6% YoY rent growth since the 50s. Absolute gold mine. Talk to actual investors not armchair YouTubers who just say "high taxes" and move on. CA has the lowest real estate taxes out of 50 US States by the way.
    3
  84. Exactly I've been paying $0 in tax legally on mid 6 figures in real estate income for over a decade. That's because the US tax code is so advantaged. Renouncing my passport or going elsewhere would be dumb, but I no longer physically live in the US but they have the best tax system for leveraged real estate.
    3
  85.  @BubbleMania5678  I've been in South Korea for 2 years. Ask away. I'm a real estate guy.
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  86.  @evilhairlessmonkey7700  Yea I have my last 1.5 left of service. Have to do it in the US unfortunately. Have been abroad for many years. Then it's off to explore! Fortunate that I don't need the paycheck anymore. I'm a huge fan of the Georgian food and people :)
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  87.  @welkcubnairb1478  No one will miss your $2500 a month lol. That said, I am 💯% in agreement with you on vaxx mandates.
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  88. 280K€? This is definitely a 5th or 6th property when you have excess cash and you don't know where to put it.
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  89.  @darryl5537  not fail safe in every case. You didn't address the very possible scenario I detailed
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  90. ​ @ditsygirl5409 Mérida México 19th safest city in the world. The US doesn't have even 1 city in the Top 50.
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  91. Oahu is my place for best weather in the world (shirts and sandals year round). 70-86F year round with low humidity. CA surfing isn't great and you need to wear a wetsuit (unlike Hawaii).
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  92. Not every comment needs to have a dystopian connotation
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  93. Foreign real estate does not produce higher returns than the US market. Even unleaveraged real estate in the US produced more than the 5-6% return people talk about in Montenegro or Tblisi. When you factor in ultra low interest fixed debt only available in the US, generous tax incentives, A 20% CAGR for US real estate is disappointing and I'm seeing closer to a 30% IRR low term for my rentals and passive real estate investments in the US. I dislike the social US issues with a passion but the risk-adjusted returns in the US are top in the world. A guy who sold his US real estate and resigned his passport is incentived to tell you US real estate has low returns.
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  94. What does that say about how you value your time?
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  95. Hola de México!
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  96. My NW is $1.7MM. Mostly US real and cash. Growing. I wouldn't consider myself a 7 or 8 figure entrepreneur as I don't make 7 figures per year. In the US it's very normal and easy to legally pay $0 on real estate capital gains and income. I have done so for 10 years. Joe Biden won't touch the real estate tax incentives as all of the Democrat politicians own a lot of real estate.
    3
  97. I love Asia. Japan and Taiwan. Europe is okay but going the same way as US. Hawaii is the only place I enjoyed living in in America.
    3
  98.  @NickDemski  I was a millionaire by 31, by 33 res estate paid me $6K per month in income I spent 1-2 hours per MONTH on. I'm financially free in my 30s. If you want a life of freedom for you and your daughter I'd study this stuff and jump in. Or work for the next 40 years and have less options.
    3
  99.  @gregorygant4242  South Korea. My specialty wasn't available in Japan. But I will early retire at age 37. Plan to raise my children in either Taiwan or Japan. I will be giving up a $600,000 per year job in the US happily.
    3
  100.  @hindenburgminsky7638  More like an aversion to loud, masculine, overweight, and nagging Western women.
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  101.  @klwthe3rd  Is there a way to contact Anka?
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  102. Montenegro has beautiful people, terrific people.. (in Trump's voice)
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  103. Why does Andrew never mention cities in China?
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  104. Tiny islands. Wouldn't even call them nations. Pass for me, I'm sure others may be interested.
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  105. Word of the day based on the video "Quite Frankly"! Love these honest no bs type of videos
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  106.  @ashvoj  Exactly. Hawaii is a perfect 26°C with 55% humidity year round. How that's a heaven on Earth. Real estate prices are high (and stable) for a reason
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  107. ​ @-Ordinary-Average-Guy  Fly long haul international business / first clasd
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  108.  @mariatineo4614  if you have enough money and smarts you can get a vaccine card without getting that particular jab. You'd rather subject yourself to a life of imprisonment in one place and live on the internet watching covid videos and making your anti-vaccine opinion known, and then go out and enjoy nature and other people, that's on you. I have enough money that I'd like to move to Belgrade, Montenegro, Columbia, and others so I need to travel to scope out real estate. The social situation and infrastructure in Western countries are abysmal and I'm not going to be grounded forever in a place I don't particularly like. I've gotten over 30 vaccines in the military and my blood parameters are that of a 23-year old, 17 years younger my chronological age. I feel better in my thirties and perform better than I ever did in my life, despite all these big bad vaccines.
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  109. Countries in Asia were closed by and large since March 2020. Why is Andrew talking about Malaysia? It's the one which had a totalitarian lockdown and is still closed to visit last I checked.
    2
  110.  @liyentan112  My friend is in KL. Military was on the streets. "not totalitarian" 😆 Lockdowns of any kind are not proven to WORK and have no basis in science anyway, totalitarian or not. Government imposed lockdowns are immoral and not effective.
    2
  111.  @liyentan112  Promoting Malaysia as a "freer than the US" is disingenuous. It's huge government. You are ruled by the State, even more much than the US. I myself left the US a long time ago and am not a fan, but Malaysia is much more a dictatorship than the US or UK.
    2
  112.  @shsummers  as I said if I wasn't an M.D or a military officer I would not choose to take this vaccine based on my health status. People could be injured by the booster, people were and could be injured by one of the covid variants as well. Not saying you should or shouldn't take a vaccine but has someone who likes my job and who likes to travel to multiple countries in a year I'm not going to lock myself in a cage in the name of pumping my fists and standing and fighting, which by the way you're not even doing. It's all about quality of life and for me that doesn't look like staying stateside and being scared and consuming a ridiculous amount of Doom and gloom content on youtube.
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  113. Andrew, maybe I'm missing something? Malaysia was quarantined under martial law during the crisis according to a close friend. You were locked down for 14 days at home. Not everyone had to face this. So how did your second passport(s) help in this case?
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  114.  @itadrummer1  Dude I will heed this advice. Thanks
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  115. I guess a $400K 800 sq.ft. condo is a bargain?
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  116.  @tjblackmore7863  Let me know how Mexico goes! I was just in Miami and Aruba. Now back to Seoul.
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  117.  @tjblackmore7863  I have legally paid $0 on my US real estate income (due mainly to phantom depreciation). Don't forget profiting from inflation as your tenant pays off your fixed rate loan. When selling use a 1031 exchange to again pay $0 tax. These days I have a handful of rentals but invest in workforce large apartments, self storage, mobile home parks and ATMs passively (assets that do well in recessions)
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  118. I found its never to late. You can by real estate literally at any time (in good established markets), and as long as you don't sell.. you'll be a multi-millionaire eventually.
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  119.  @makeyourlifeeasier5794  I'm a heterosexual man so your results may vary. My most loyal, sweet, ride n die type girls have been from those places. Japan is incredible in terms of scenery and diversity. Best natural hot springs in the world, most unique culture imo too. Hawaii has the best weather in the world year-round. 70-86F and never feel humid due to trade winds unique to Hawaii. Dating there is great due to romantic sunsets etc. daily.
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  120. Barcelona is way too touristy and it's too centered around that one architect.
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  121. Can you give specific examples and % how often the transfers are rejected?
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  122.  @bogeybichon7000  Exactly, too vague. Check up on what exactly
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  123.  @Oxatwork  He is trying to push a narrative. That is all. I dislike the US perhaps even more than Andrew but I don't need to lie and mislead in order to spark fear and frustration with Western countries / funnel clients to my business.
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  124.  @cooldudecs  Because we know the voters always have an accurate gauge on what the most important issues are 🤔 Think more.
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  125.  @aldogerardus4157  Its spicy and helps those bowel movements
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  126. How is the dating / women in Belgrade? I'm native Eastern European, successful mid-30s fit guy
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  127.  @shotelco  When you're property doubles every 10 years and you're a multi-millionaire, you're happy to pay even $7K. People pay $15K in NJ on a $600K property
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  128.  @davelawson2564  Look it up. General crime throughout the entire country of America is significantly been down and has been falling since the late 90s. Things you hear from Andrew or isolated incidents you see on TV are obviously not the whole picture. I've been living outside of America for the last decade while making money in America but Andrew is often disingenuous. He criticizes US real estate except US real estate has by far the best financing, best returns, and best tax benefits in the world (on real estate). Obviously someone who renounced has an inherent bias to justify their decision. I am Geo-arbitraging outside of the US but unlike Andrew I don't need to lie about anything to anyone. Andrew knows most viewers won't bother to look it up.
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  129.  @williamdahl3318  I'll give you another example. Read my post above. Second example is he is so invested in Kuala Lumpur Malaysia that for an entire year there were totalitarian military lockdowns in Malaysia and he was still shilling it telling you it has more freedom than legacy brand countries. Look I understand you like Malaysia but be honest about the police state outside of your door in KL!!
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  130. And then what happens?
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  131.  @benchoflemons398  correct. That is why successful men in the West are choosing either not to get married or arbitraging to Latin America, Eastern europe, or Asia.
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  132. Yeah let's go ahead and tax the more productive members of society. God I can't stand politicians.
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  133.  @fredsting9515  I intend to but I need some guidance. Can I really just pay a 1% tax?
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  134. How's the heat year-round treating you there?
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  135.  @donovaneretzfarrakan5716  Watch but take no action.
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  136.  @ernststeenberg7226  clot shots lmao 🤣
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  137. My opinion is that one shouldn't even think about thinking about speculating on currency arbitrage unless their net worth is at least $10 million. There aren't many listeners here whose net worth is more than that.
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  138.  @benmarxxshow  Lmao. I'm native Russian but I can't stand tall women or light features. Yellow fever all the way. Russian and Ukrainian women for me are bleh
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  139.  @saimenandsaimen  That was my thought as well
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  140.  fawn fairy  I invest as a professional passive investor in mobile home parks, self storage, and senior living in the US. Those are recession resistant asset classes which performed well during the GFC. As far as overseas I like Osaka (all of Japan is excellent for cash flow), farmland (chocolate and coffee) in Central America. I can voucher for those. I would stay away from KL. Going to take my own due diligence trip to Georgia and Montenegro in 2022.
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  141. Yawn
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  142. 💯 faxx
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  143. How's your Portuguese?
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  144. Useless if you took no action.
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  145.  @snterp  Same LoL. My US real estate has made me very wealthy though.
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  146. Yes the 5th largest economy compared with all the COUNTRIES in the world has been circling the drain going on 60 years now..
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  147. Property values in CA have doubled reliably every 10 years since 1950, this includes the downturns! Also, due to prop 13, people are paying property taxes for a $100K assessed value for properties worth $1.5M. CA has the LOWEST property taxes in the US. Rent control affects like less than 5% of condos to boot. All this information is from my mentor, investing for 45+ years in CA. I said all the same things to him, as Andrew is saying here.. boy I was wrong. You could buy property in CA at any time in history, and now your retirement is set with just 1 or 2 rentals.
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  148. Yea. Time to make some big moves.
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  149. The way I said basically seventy or eighty percent of countries worldwide are going to require a vaccine to even travel and enter there. That's not a hill I want to die on. Would I've chosen the vaccine if I wasn't in the service and wasn't a medical doctor, probably not but I like to travel so the choice is clear.
    2
  150. Say no to Feminist s-holes with high taxes
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  151. @NastEvo Awesome. Let us know how it goes!
    2
  152.  @3520506  I'm in the service so I'm paid only $220K at my day job, and my passive real estate business pays me at least $150K annually as well. The job offers in my email on the civilian sector are for $600-750K+ starting. I'm not married and no kids. My real estate alone pays me $12K/mo. passively and I live on $5K in the US and much less overseas. Do you still think I need to tough it out longer? I'm in my 30s.
    2
  153.  @godisgreat8719  All 5 of my tenants are paying early, and my $1.5M in passive private placement real estate is returning 25% IRR+. Will never see those returns in Tblisi or KL.
    2
  154.  @lerryperry  How approachable are they?
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  155. It has made my financially free at 31. Started in active rentals, now invest professionally in passive real estate syndications.
    2
  156. Only 3 ways to get wealthy in the US: 1. Startup (most people can't do this, odds too low) 2. Index funds and stocks (takes many decades, too long) 3. Real estate. Your call my friend.
    2
  157.  Derek Johansen or something  I concur. I have successfully been self managing my rentals in Hawaii for 4 years, and I'm in East Asia! All of the things about real estate you hear from the naysayers are all mythology.
    2
  158.  @NickDemski  No for the ones in Hawaii I don't. I pay someone a nominal fee to place a tenant. They pay electronically through a portal to me. I take a business trip there for a week once a year. To this day I have never received the mythical "middle of the night call for a leaky toilet" lol. In fact, I can't remember the last time a tenant CALLED me
    2
  159.  @NickDemski  I call a repairman, he then comes in a week and fixed the problem. All these real estate 'emergencies' you hear about are not emergencies. You (and I) were lied to.
    2
  160.  @johnkean6852  the thing you got to remember is people working in Hawaii generally are compensated more taking into account cost of living. Yeah Philippines is cheap but it's hot and humid year round and I can't spend more than a month there honestly. Montenegro also cheap but you'll run out of things to do there. Whereas in 5 years in Hawaii I still haven't done all of the 500 hikes on Oahu, been to half the restaurants, or even been to half the beaches.
    2
  161. What kind of visa did you use to move to Spain?
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  162.  @bumpy818  Agreed. Amazing people and unique country. If I wasn't studying Mandarin I'd be living there already. I just believe Mandarin is the most useful language of this century after English.
    2
  163. The reason China, Korea, and Japan's cities are not on the list is because Andrew (and lots others) are afraid to learn a Category V difficult language. But often in life, patience and hard work pays off in spades.
    2
  164. There is zero scientific evidence for your statement. Just hearsay and old wives tales.
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  165. Andrew doesn't really like first world cities and countries from what I take it.
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  166. Year round heat and humidity. Andrew overplays it significantly.
    2
  167.  @andreww3621  You've never lived there. Hawaii is nothing like being in the US.
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  168.  @zeusjermaine6550  A hot and humid and dirty heaven ;) I love SEA but the weather and amenities aren't Hawaii level
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  169.  @brendan1675  will do. Incidentally I do have a proof of vaxx ;)
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  170.  @brendan1675  oh I have the hardcopy card filled out. I can just show them that. No need for the "vaxx passport"
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  171. @WILD JOKER BOXING PROPHET Questionnaire you'd just login to the travel website of the country. Like I did in Aruba. Hardcopy just means the vaxx physical card.
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  172.  @liyentan112  Your government is now only allowing overnight State travels Monday through Thursday. Who the h3ll are they to tell people what to do like that. You can go camping and enjoy the great outdoors because the government said so! Not totalitarian right? This goes against Andrew's narrative so he will never tell you the restrictions Malaysia is placing on its citizens.
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  173.  @shsummers  that's hyperbole and paranoia. The US only requires two shots and that's even for healthcare workers and military. You're already up to six when the requirement is two (2). I have two rows written on my vaccine card and that's about all I'll say. It's amazing what things people will say when they're staring to their phone and computer all day to justify their lack of taking action and mobility. There is always a solution, complaining and paranoia and doom and gloom is not my style.
    1
  174.  @maverickcapitalist1  I'm native Russian but left there in '91. Need to certainly make my rounds again
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  175.  @pjuliano9000  Probably not. Mid-7 figures here.
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  176. "Peter had a lot of conflict of interest" Yea, and she doesn't :P
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  177.  @dwingga3219  I don't disagree with you. Then she shouldn't throw shade at Peter (who by the way I don't agree with his doom and gloom) if she is doing the exact same thing - shilling crypto with rose colored glasses. Just as Schiff is doing with gold.
    1
  178.  @PauloGaetathe_original  Hawaii and California have flights right now. June 1st is a long time if you've been waiting since March 1st..
    1
  179.  @nomadcapitalist  Roger that. This doesn't help you if your 2nd passport countries had a 14 day quarantine on arrival though. I am infuriated and disappointed with how the US handled this whole thing from top to bottom. I don't think I'll be moving back or raising my kids there. Final straw.
    1
  180.  @jermon983  No idea but I'll be spending 3 months in Latin America real soon. Gotta check it out!
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  181.  @BasedInBrazil  it's not my problem that gringos can't learn Spanish, a category 1 language as rated by the defense language institute (DLI), "most closely related to English". According to them, it takes at least four times as long to learn a category 5language like Arabic or Mandarin compared with a category 1 language like Spanish or Portuguese, to the same level. They have 80 years of teaching the stuff to the CIA and military etc. so if anyone knows what they're talking about is them.
    1
  182. ​ @2020-q1p Hotter than Thailand?
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  183. What's been your favorite country?
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  184.  @tjblackmore7863  I think Andrew significantly oversells the idea of investing in overseas real estate. He fails to mention that the US has the best financing terms and best tax incentives in the world for real estate investors. Since he expatriated / he doesn't own any US real estate anymore there is definitely a bias. He's probably never talked to a US-based lender or accountant to realize these significant advantages. Buying cash makes sense for a personal residence but as an investment in 2% interest rate environment is absolutely silly.
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  185.  @tjblackmore7863  I actually do own some agriculture. I will buy condos in Osaka and Montenegro but not because I think they are good investments. More for lifestyle. You can never beat the 30-year fixed low interest loan, stable rent growth, and tax incentives of US real estate.
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  186.  @tjblackmore7863  I've been outside of the continental US for 10 years and have grown my US real estate portfolio to a nice 7 figures in equity. Now invest exclusively passively in private placements (real estate syndications)
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  187.  @cayden3470  So what exactly is coming
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  188. The government in Malaysia is a lot more welcoming. Yea, tanks and martial law is very welcoming indeed.
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  189. Lol doubt that
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  190.  @mrmc2465  It's not hope, it's a cash flowing real asset that's also an inflation hedge. Historic real estate appreciation rates are inclusive of downturns.
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  191. I'm in love. What's the catch?
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  192.  @fillername458  Is she married?
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  193.  @cisium1184  80% of my nest egg is tied to cash flowing real estate in the US. I legally pay $0 on my real estate income. Am I screwed?
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  194.  @basedpatriotLT  because when moving somewhere to live people tend to not like heavily touristy areas
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  195.  @heythave  I chose Cebu. Can't think of a better place for a single person. I do travel to a new island or domestic staycation monthly. Really cheap and convenient to travel here, can book a villa at resorts for about $50-60 USD/night
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  196.  @heythave  Best are probably Dec - Feb. No rain and cooler weather
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  197. I have three rental properties in Hawaii and I visit there annually and I pay zero state taxes there since I am not a state resident of Hawaii, rather Alaska. I also legally pay zero on my real estate income and capital gains thanks to the US tax code. I think it's disingenuous to tell people that if you visit Hawaii for the beaches you will be paying high taxes. Simply not true.
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  198. How's that income coming along now?
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  199.  @THELASTISDP  Best of luck my friend. I have 5 rentals doors and a bunch of passive real estate in America. You've just inspired me to buy one new Tom Ford for every property I purchase overseas. Osaka and Montenegro are likely first!
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  200.  @THELASTISDP  3 - Oahu. 1 central FL. 1 Little Rock. Most of my real estate equity is in private placements (large apartments, self-storage, MHPs, etc.)
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  201.  @THELASTISDP  The goal is after I separate from the service in '23, perpetually travel and get to a high level in Mandarin.
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  202. I have over $400K cash in US bank accounts (dry powder for funding passive real estate opportunities). Should I not keep this much in a bank?
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  203. Do you tell your family and friends?
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  204.  @ashsqx3246  My father was the one who informed me that we are eligible for Spain passport (Jews from Spain on my dad's side). Even though I'm a lot more interested than him to pursue this kind of thing!
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  205.  @ThisnametaKenny  English?
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  206. Any recommendations for great tea shops? I'm here in for two months
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  207.  @gabrieljones9084  Cheers!
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  208. If you have $5MM or so NW, you can self-insure easily. Step your game up a bit, and health insurance won't be a factor. You get to choose the best, not cheapest, place to live.
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  209. That still makes you very much middle class. That amount is certainly not what it once was. I'm curious how your family would even guess your NW, or care. Roughly 15% of American households have a $1MM NW today.
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  210.  @Broke_Expat  What happened?
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  211.  @Big_delta  Agreed. All of MoneyGPS subs are going to wake up one day and realized they wasted 10 years of their life, became bitter and cynical, for no benefit to them 😆
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  212.  @cr6129  Get off YouTube and look up Prop 13. Stop regurgitating all the bs you heard on the internet. Yes and doctors take "kickbacks" from pharmaceutical companies LOL
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  213. ​ @HigginsLawLLCWinterHaven  where would you recommend I and my Filipina girlfriend go to deliver our child in Latin America? I'm looking to pick up a second passport (I'm a US citizen)
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  214.  @kronos77  I had friends in Malaysia telling me that there were police and military outside telling them when they could go to the grocery store and they couldn't even travel to an adjacent Province without approved 'papers'. Andrew still had no problem telling you that KL is more free than a western country. Yea ok! In a western country I never had to wear a mask outside and I can move from state to state. I traveled to Florida several times from Korea and I didn't feel any different there than from 2019.
    1
  215. How long do I need to spend in Ireland per year to do this?
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  216.  @pmb6667  living more years doesn't matter much if you're spending those years bitter complaining and drinking yourself to make you feel better. Alcohol use and alcoholism is skyrocketing in Western women. Again you can look all of this up.
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  217. ​ @EGO0808 Rampant feminism in Europe
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  218.  @EGO0808  So I should settle for low quality women + high COL + poor tax treatment of the EU? When I can have all three things in my favor in Southeast Asia or South America. Someone would need to have their head checked if they choose the former
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  219. @EGO0808  Yes, the woke left and identity politics are now done thanks to Donald Trump's victory. Calling people racist and misogynist no longer makes you cool 😎
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  220. How goes the wife search?
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  221. You guys love the Philippines and Indonesia.
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  222.  Alex Cricheck  Stuck? No one forced you to stay.
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  223.  Alex Cricheck  I believe Russian immigrants are #1 or #2 nationality on the list of millionaires. Who's fault is it that you only make $10/hr? The burden of performance is ALWAYS on the MAN. Just as it was in the USSR, USA, and Philippines.
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  224.  @ohkav  Thanks for feedback! Is there any way I can contact you outside of here?
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  225.  @beverlyhills7883  Keep trolling
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  226.  @jeffb.140  What kind of hassle are you referring to?
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  227. Which Latin passport?
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  228.  @mz_962  I heard that you have to be native born Mexican to be eligible for the Spain passport.. If I get Mexico passport by naturalisation or buy my child being born there will I later be eligible for the Spain passport?
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  229. How can you even have a pre-nup with a woman you date for 6 months and never plan on marrying? Common law marriage only kicks in at 5 to 7 years of LIVING TOGETHER and even then she has to prove in the court of law that she was instrumental in you acquiring your new assets and EVEN THEN if she can prove that she would get at most 50% of new assets acquired since common law marriage status but nothing before. What lawyer would even take that on? You would be laughed at.
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  230. Depends what you're studying
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  231.  @aptvictoria  Haha dude I'm an M.D. but trained in the US. Granana, Antigua are not a great place to live for 4 years. Tiny, hot, no infrastructure. Hawaii much better ;)
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  232.  @welkcubnairb1478  You too! I have trips booked to Panama and Colombia in the next couple months. Plan is to early retire at age 37 and do a 18 month trip around the world from 2023 :) Safe travels
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  233.  @hartejsawhney6891  Safe?
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  234. What's the tax situation specifically?
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  235.  @annontx1066  can't*
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  236. If i get to keep all my cash flowing real estate holdings (which I will), I'd take it in a heartbeat. I haven't lived in the continental US since 2011 and haven't missed it much. Love Hawaii though :)
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  237. 💯
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  238.  Derek Johansen or something  Yes, the poor people are leaving. Rich are staying put LOL
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  239. Did you leave yet?
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  240.  @jorgemoll5994  There are only 3 Baltic countries? What are they
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  241.  @JamesSmith-qv9qo  well no because when I was born in the mid-80s it was still part of the USSR. And I believe we had to give up our USSR passport when we move to the States. However I started the process of a Tajikistan passport and it seems fairly straightforward. My mom was going to write the application for me in Russian and it would have been a done deal, however she said that due to the Islamic countries not being well liked that that passport may draw unnecessary attention and is generally a bad travel document anyway, so I didn't proceed. Could have been an easy passport but then I got busy and talked out of it.
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  242.  @rickc.3552  Could you elaborate on that?
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  243. Why would I sell $2MM in real estate equity paying me 15% post-tax annualized? LoL. The more money printing the more my fixed low interest is inflated away, and the more Stimmys the easier it is for tenants to pay rent. A Biden presidency is a boon for real estate investors!
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  244.  @idahosixgun5601  Thank you for your response. Since I'm already generating $12K/mo. passively at the absolute minimum, and don't intend to marry an expensive wife, and at present can't spend more than $5-6K a month even if I tried. Are you suggesting I will need more than $12K/mo. in the future to live? I don't pay attention to net worth, only the passive income my real estate portfolio generates. In my line of work, the most realistically I can take off is 9-10 months before my skills atrophy and people start asking questions.
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  245.  @idahosixgun5601  great to see a fellow military doc on here. As a military medical officer yourself you should know that we have such things called service commitments which would not enable one to just go to the civilian side and make a higher salary. I agree while it's easy to inflate numbers on the internet I would be doing myself a disservice by asking questions with false numbers. I feel that I am underplaying my numbers but thanks for the feedback and your service
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  246. I have three rental properties in Hawaii and I visit there annually and I pay zero state taxes there since I am not a state resident of Hawaii, rather Alaska. I also legally pay zero on my real estate income and capital gains thanks to the US tax code. I think it's disingenuous to tell people that if you visit Hawaii for the beaches you will be paying high taxes. Simply not true.
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  247. If that's all true, I will stay away from investing there. Will visit there this summer though!
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  248.  @Emris88  I do. Will go to Penang next time. Malaysia also had a (unjustified) totalitarian military lockdown which Andrew conveniently never mentioned.
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  249.  @Emris88  Japan, China, and Taiwan are all awesome. Phenomenal food, feminine and sweet women, great sites. Malaysia was expensive and hot for what it is. I'm also not a fan of military patrolling the streets because Covid.
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  250.  @tklown  I've been to all the major countries. But ya know, not Cambodia yet. How long a stay would you recommend.
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  251. Both. I'm from the USSR as I guess you may be too. For me, the places that have impressed me most out of the 40+ countries I've visited is Taiwan and Japan. Those are my top 2 I would raise my future kids. The West is OUT of the consideration.
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  252.  @johnkean6852  depends where. Waikiki and ala Moana are obviously going to be a lot more but if you're in a small town outside Honolulu they will be less. Other Islands are also comparatively less. If you want to be comfortable in Hawaii I'd recommend about $5,000 a month budget if you're single and 7 to 8,000 a month for two people if you want to live very well.
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  253.  @nealgarrett3518  Did you pick up Mandarin per chance
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  254.  @hindenburgminsky7638  What about black or Spanish?
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  255.  @gregorygant4242  Japan's demographics have very little to do whether I can enjoy the country or not. I go there several times a year and it's still a thriving metropolis and beautiful landscape.
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  256.  @gregorygant4242  facts 💯
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  257. Andrew can you tell us where you get your suits tailored? Great work. I am looking for a new tailor
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  258. Timestamp?
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  259.  Dana Hall  Timestamp?
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  260. How are the women? (asking for a friend)
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  261.  @syshorizonenterprises7893  98% of my real estate is in the US. Where are your top choices to diversify?
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  262.  @billy-ps7jz  Xiden is an expert on crypto 😂
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  263. What's the dating like if you aren't Muslim yourself? I'm moving to KL from the Philippines next week for a three months trail run.
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  264. What kind of Visa did you get in Malaysia?
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  265. Stop lying
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  266. Lmao this is probably one of the most pompous things I have ever read but I'm here for it. You tell him ! 😆
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  267. ​ @makkienleong6865 i've been in philippines for a year and i still can't be active outside during the day and still having adjusted to the heat. I'm moving to malaysia next week i'm wondering how the weather will compare..
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  268.  @makkienleong6865  Can you get fresh coconuts to drink in KL?
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  269.  @sevenstargoal  in my experience China and Japan are super unique and extremely underrated. So many things to do that you won't find anywhere else. Its also an opportunity to expand and rewire your brain to a whole new world and way of thinking. What you said is similar for many countries. Very few places worth their salt will give you a permanent residency without $500K or marrying someone there. East Asia isn't unique in this.
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  270.  @joyrunzel9203  try leaving your house once in a while, instead of just believing what you hear on the news. China is more Capitalist and business friendly than US and most of Europe.
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  271. I can count to see your comment within 15 mins of every video's posting ;)
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  272.  @NickDemski  I think he posts it around 10 AM NYC time. Which is either 9 or 10 P.M. Korea time where I am Haha. Enjoy that coffee
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  273.  Vantum Noir  I've been in Hawaii and Asia since 2011. Time of my life. I have to return to US for 1.5 years but after that I won't be returning. I'm financially free thanks to income-producing real estate.
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  274.  @libertylovin2359  A very special State. Living there is completely different from any other State. Beautiful sunsets and women (from Asia), perfect weather, surf, hiking, and great for a real estate investor :) nothing like it!
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  275. I didn't get laid until college. Then during diagnostic radiology residency in Hawaii hit a notch count of 140+. Now a successful M.D. and real estate investor who is financially free in his 30s. Life is goood.
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