Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments Paperback – April 10, 2018

Great read

The libertarian's guide to "avoiding" political conflict, laugh at the cronyism that one would leave behind in his/her home country and focus on living a lifestyle where the government doesn't commit unconstitutional acts. This is a life experience and not conjecture like many works out there. Henderson gives an excellent argument for why this lifestyle can make such a positive influence on one's life even if they themselves are not wealthy. As a generation Z chemistry student, I want to look at the world the way he does and find ways to make the world work for me instead of me work for the world.Added in reply to another post:Why should we have to pay taxes?To pay for politician paychecks? ------In the US they make hundreds of thousands per individual.To pay for infrastructure? ------Government gets charged too much for services to be paid for by the government due to the massive kickbacks companies dole out; it is not uncommon for the US government to be charged 250% more for the same item that a citizen would pay.To pay for schools? ----------Unionized teachers are the leading cause of kids failing out of school because they are given no incentive to work hard, YOU CAN"T FIRE THEM!! Charter schools are FOR PROFIT. They service poor communities and have allowed students better educational opportunities for a lower cost to the taxpayer.To pay for hospitals?--------As Henderson says in his book, the hospitals in the United States are horrible. Overpriced and deadly due to malpractice. Why shouldn't we look to Vietnam and Malaysia as examples of what could be.Look, we should let individuals take care of their own instead of letting the state do it. Between the bureaucrats and the red tape, getting anything done always leaves the taxpayer with a deficit. A $20 trillion deficit.

A good introduction to structuring one’s life in a way which lets you optimize for whatever you wish, provided you are willing to look at international opportunities.I found the author through his YouTube channel (content marketing, but very heavy on the content.). The modern “offshore” world is something I know to a pretty reasonable degree, although only some of my experience overlaps here (and some of it predates the author’s). From what I can tell, the information presented is quite good, and up to date, although the specifics of which country and which programs are best at any given time constantly are changing (and a lot of things depend upon the individual).The most valuable parts of the book are: 1) drawing a line between the old “secrecy” based offshore world (70s-90s) and the new compliant but optimized offshore world; and 2) the general mindset of planning these kind of strategies, deciding when to act, and showing what is generally possible.One specific fact I learned was the favorable treatment of overseas precious metals holdings for US citizens; one big weakness or missing area of the book was technology (communications, cryptocurrency, infosec, etc.)Overall I strongly recommend this book. It doesn’t provide specific how to steps, but that would be unreasonable for a book like this (as every situation is different). It probably could do it being updated or expanded with some of the information from the YouTube channel, rather than just a funnel toward consulting services at the end, but it combined with the website and YouTube channel provide really comprehensive and up to date information.

I bought this book on recommendation of Joshua Sheats from Radical Personal Finance. I had never heard of Nomad Capitalist before and so I came in with no expectations other than hoping for an interesting read. In that sense, I was not disappointed. I have long considered becoming an expat at some point, but this book expanded my thinking on the possibilities and strategies that could make it happen. I was only vaguely aware of the various tax situations and never considered Andrew’s trifecta approach (having 3 residences in different countries and cycling between them).The book is excellent for exposing you to new ideas and possibilities if you have never considered this lifestyle before, but it is true that it lacks concrete steps because Andrew’s business is selling you the “how” if you’re making 6-7 figures in a location independent business. I often found myself frustrated with this because I do not fit the profile of his desired clients, but still want to pursue some of the strategies, even if it’s not going to save me $500k in taxes. I only took 1 star off the review for this because I came in with low expectations and am grateful for the exposure to new ideas. If you’re already familiar with Nomad Capitalist from his site or YouTube, you’re going to be disappointed with the book. I don’t blame Andrew too much, the laws around this stuff are constantly changing. If he wrote a step by step guide for going to Georgia it would be outdated in 2 years and reviewers would be mad at the stale info or the constant republication of updated versions to cash in. Get this book with the understanding that it’s a mind-opening exercise and not a how-to manual and I think you’ll enjoy it like I did.