 We've seen a surge in people looking up how to leave America. It's blowing up. Where could a Donald Trump go to escape? This idea that I live in the US, so I bank in the US, banish that from your mind. I think there's a geographical solution to every problem, and it's not just about your money. It's about happiness. It's about health in some ways, a healthier culture. Think too many people are letting other people live their lives. I like Dubai, but this idea that it's some panacea, I still think Singapore beats them in terms of private banking. You can't hide from an IRS. You're not hiding. This is not an intelligent thing. You're probably better off pissing off, you know, the Colombian mafia than IRS. I was in Johannesburg, South Africa. I had a gun in my face in Monago, Nicaragua. And you never know, I think I handled it much more cavalierly, that's a word. Most beautiful women you've encountered. We had to pick three countries. Where were you blown away? Welcome to today's show. I know it's Tai Lopez, and I have a very special guest. Andrew Henderson, CEO and founder of Nomad Capitalist. If you are at all interested in anything global, you've probably already heard or read. I've been on your email list for many years. It's actually, and I'm not just saying this because you're on the show. It's actually one of the few newsletters I try to read because it actually has good value. And it's just not super generic. We're gonna be talking about global planning, understanding the big picture of the world. Not just taxes, but lifestyle and legalities and potential changes in capitalism and the world and will the United States stay a dominant power for the next generation? And where should you be thinking, living, going? So, Andrew, I appreciate you being on. How are you? I'm doing great, man. It's good to talk to you. Like I said, I've been following your stuff and we've worked together. I've actually been at one of your consulting packages. And so I wanted to just start off by a crazy question and we'll bring it back more sane. But I saw an article where it said, let's say Donald Trump, okay? Donald Trump thinks he's unfairly, well, he's been indicted and unfairly accused. I read one of the most Google things is like, where could a Donald Trump go to escape? Where could Pablo Escobar go? What are those countries where, because this extradition thing is an interesting subject because you take somebody, now you have in the news a lot. You have Andrew Tate dealing with things in Eastern Europe, Romania specifically. You have Donald Trump. You have Narcos was this huge show on TV and people see Columbia and they see this exotic thing. And I remember there was an American influencer who had all this stuff and they were talking about, oh, he's gonna go to Armenia and all this stuff. Do people often come to you with that question? Is that asked more often than you think? Well, with the Donald Trump thing, we just saw that on our YouTube, where to go to leave America is like blowing up a lot of times the older videos don't get a lot more traction, but it was been blowing up out of nowhere recently. So I think people are looking at in the United States, they're not looking to escape extradition, but they're saying, hey, I don't like Roe v. Wade being struck down, affirmative action being struck down. Maybe I'm more left wing, this country's falling apart or you're on their white wing, they're going after Trump. I gotta get out of here. This place doesn't work anymore. Our service, we like to work with people who are entrepreneurs, who are investors. I call myself the goody two shoes of the offshore world. So yeah, if someone's looking to hide out somewhere, I'm probably not the guy there they're gonna call. That's what I said, this is a crazy question. I know those people, Pablo Escobar probably is not gonna go to nomad capitalist and say, I mean, we get calls from a lot of people and it's crazy, but I mean, certainly during the crypto era, there are some people that you probably wanna put a little distance between yourself. But I'll tell you this, the world is changing in a dramatic way to where, I mean, whatever side you may be on, look at the Russia-Ukraine war. And you may think, if you live in the West, I'm in Ireland right now, you're in Europe, we're both from the US originally. Hey, everybody's on the side of Ukraine. I supported people from Ukraine. I always said, hey, I've got some houses around the world, come and stay in my house. But I sat next to a plane, or I sat on a plane next to a guy from India. He was so pro-Russia. And many of them think are so pro-Russia. And you go to Indonesia and you go to China and you go to Brazil and you go to South Africa, that's one of the big ones, I've got a couple of friends in South Africa. They said the Soviet Union helped us back in the day and we will always be on their side, we'll be on Russia's side. So all these countries that you and I, in Western Europe and in the US, don't even really think much about, they are becoming more powerful, not all of them. But I mean, in some cases, their GDP grew 10x in this century, what the US has did in terms of growth. They're growing at a much faster pace. They're turning that into geopolitical power. They're turning it into financial power. You see the BRICS, you see the New Development Bank, you see what Brazil and Argentina. So I think that you're seeing a lot of countries in the world that are pushing back. I mean, yeah, look at Edward Snowden. Edward Snowden's in Russia. Edward Snowden became a citizen of Russia after living there basically as a political asylum seeker for years. So I guess that's a country you can go to. Steven Seagal went there too, became friends with Putin and I think he left the US and now is a Russian citizen. Yeah, Putin gave Steven Seagal's citizenship. The president of Serbia gave Steven Seagal's citizenship. I think that Adriana Lima was given citizenship by the president of Serbia. That's by the way, not that uncommon. I mean, look at Kevin O'Leary got citizenship of the UAE and others. They're starting to give away a few hundred citizenships a year in Dubai to prominent people. So I mean, I think a place like Dubai, people think, oh, that's the non extradition place because they read it online. Dubai hands over people to the US all the time. They don't want to get in. They don't want to, you know, but there are countries where they're like, the US is not serving us. Why would we help them? We're doing our own thing. And so you're seeing these places become more and more powerful. Yeah. So Andrew, my first question to you is, if somebody wants to leave the US because they think the world's going crazy and I think it's the fall of the Western world, where do they go? We've actually seen a lot of people who are really worried about whether they're left-wing, whether they're right-wing. They're looking at how to leave the United States. And you've seen Supreme Court rulings that have bothered a lot of folks on the left. You've seen, you know, they're going after Trump that bothers people on the right. We've seen a surge in people looking up how to leave America on our website, on our YouTube channel. It's blowing up stuff that just wasn't getting as much traction. It's like 5X in the last week. Is that enough? Does that work for you? Yeah, it's perfect. Interesting, interesting. So let's talk for a second. I'm here with some friends in Europe and they're Americans and they've got global business and global customers. And, you know, when I talk to different people, it pretty much kind of vacillates between one of two things. People go, you know what, I look. I make money. I'm just gonna pay my taxes. I'd love to do global planning, but it's too much of a headache. That's like, I've heard that even in the last week I've been with different entrepreneurs and they're kind of like, oh, I bet you I could structure it better, tax wise, legal liability wise, blah, blah, blah. And on the flip side, I meet people who are just building the world's most complex organism with this and that and I can see them getting bogged down. What's kind of a happy me? Let's just play a hypothetical scenario. Joe and Susie, married couple. They're American citizens, okay. They have an online business. They're selling, I don't know, online education. I have a lot of online education people follow me and they have global audience. People from 190 countries paying them money and currently, let's say in this hypothetical, they live in Atlanta, Georgia. They have a Atlanta, Georgia LLC and they make $2 million a year in revenue with 500,000, let's say, net 20, 25% profit margins. What is a simple, and I don't expect you to be given, you know, everybody should have their own account and everything we talk about in this podcast, disclaimer. This is just conversational. This is not legal advice. Don't go out and instantly act on this but in that hypothetical situation, what's something that's not too complicated yet more intelligent and strategic and then just a basic US LLC. Well, so there's two categories of people and one is Americans and one is everybody else. So your question's American, watching Americans. I used to be an American. I gave it up, not for this reason, although it's a nice benefit that I get to actually use my own money a bit more freely for my businesses. So if you are British, if you're Canadian, if you're Australian, I think this will change and Australia has already started to kind of sneak some stuff in there. But for now, if you're anything but American, you can simply leave your country and you can just play by wherever else's rules that you choose to go. And we've helped people move to 31 different tax-friendly countries. I mean, Italy's a tax-friendly country if you're a foreigner. Ireland is, a lot of countries in Asia, Latin America, Europe can be tax-friendly. If you're an American, you're always gonna have to pay something to the US. Now, assuming that no one wants to give up their citizenship or anything extreme like that, you know, if your company is majority-owned by Americans, you're gonna have to pay something. But it may be in the single digits if that $500,000 number, because what you get as an American is not only a bit more flexibility of where you go in terms of when you leave the US, but you also get a foreign-earned income exclusion. So let's call it about $10,000 a month. It changes a little bit every year. If you're a husband and wife and you both legit work in the business, that's 240 basically out of the 500. And if you structure it to where you're working for a foreign corporation, you basically should pay nothing. No income, no social security, no Medicare on that if you're a married couple, both Americans, 240. Now you've got 260. Maybe you pay $25,000 in tax if you move to a tax-neutral place. So that could be a place with no income taxes. That could be a place that doesn't tax your business as long as it's not in the country. So let's say you moved to Malaysia. Malaysia, generally speaking, won't tax businesses that are set up somewhere else. Maybe your business is in the UAE, but you are living in Malaysia. The thing to understand, and by the way, they may not need to get rid of that Georgia LLC, but they probably need to add one part to it, maybe a foreign company. So they don't even have to necessarily move the entire business as an American. That's the cool thing if you're doing an LLC. But it's not just enough to move your assets anymore. You have to move your, you have to move your tuchus. You gotta move your butt somewhere else. The idea that you're gonna be sitting in the United States or Canada or Australia, and just setting up your company in some tax-free jurisdiction, and while you're in the US, they have things called controlled foreign corporation rules. They have a permanent establishment. So even if you have employees, depending on what they do, you might wanna structure them. That's when it gets more complicated. Like you wanna make this move before you have a bunch of employees. I ran businesses in the US. I sold everything, and when I was running Nomad at the beginning, I started it overseas. We've never really hired anybody in the United States. So I've been able to avoid the comp. If you've got 30 employees, we can work with that, but that's gonna be more complicated. But if you're just selling stuff online, and you've got, that's the ideal kind of business, that person probably pays about 5% or 6% tax. There are ways with foreign partners. There are ways with renunciation. There's ways with other things to get it out to zero. If you didn't want to leave the US and you wanted to move to Puerto Rico, you can get it down to probably about the same. There's a few different aspects of Puerto Rico. But I think most people like the idea, especially if you're American, you could spend 9, 10, 11 months anywhere you want in the world. As long as you're not getting it to some other country's tax net, and for that person making half a million dollars and they're married, they'd probably pay 5% or 6%. Yeah. Now somebody's making, let's take the same couple and their business blows up and they're grossing 25 million. I always say the magic number is 29 and a half million. A mentor once told me, 18 million is a great number. It's stable, shows the markets large enough, big enough to hire a C-suite. So he told me that when I was a teenager, so inflation adjusted. So 29 and a half million. Let's say this is Atlanta couple, they got 29 and a half million to our business, 10, 15% margins, they're walking with two to five million net. Now that 240,000 exclusion isn't helping them much. So as an American citizen, what are, assuming they don't want to renounce and revoke their citizenship because there's an exit tax on that, we can talk about that later, but what are you seeing people do in that type scenario? The same strategy. So the tax code got more complicated, but there's ways to structure around that to where basically, let's say you're gonna pay 10 or 11% of whatever's left over. And so in this case, you have a much bigger whatever's left over. So you're never really gonna get much into the double digits. You might get right there on the nose. So if you're making two and a half million dollars, yeah, I mean, 90% of your income is now subject to that. So maybe you're paying nine or 10% tax. These are rough numbers. Obviously it depends on your situation. Again, could you go and say, we wanna sell a chunk of our business to a foreign investor? You can get it down, but... So by having a partner, what is that doing for us? What's the percentage ownership that's American, right? So you're gonna wanna run the business overseas. But I mean, if your spouse is not American, for example, I mean, that could be because someone, we have some clients, hey listen, one of us is willing to, we had a couple recently, the husband was able to qualify for Irish citizenship through his grandparents. They figured that's as good as a US citizenship. I can probably come back and visit. I don't wanna live in the US anymore. I'll just be Irish and not American. That's an extreme move. Or if your spouse is just already not American and then they're not liable for taxes in the US, like if your wife is British, as long as she doesn't have a green card or something, you can lower that. So I mean, for the average person, if you're paying for, if you're making millions, I mean, you're paying 40% plus. Oh yeah. And I think a lot of people you said, I mean, Alex Hermosi and I, without mentioning each other, kind of had this friendly battle. He's a very nice guy to us. But he's like, you know, I pay 0% tax on 59% of my income. And I responded that it doesn't have to be that complicated to structure this stuff. I mean, if you're just running an online e-learning company, maybe you've got a couple of employees that gum things up a little bit, you have to file form 5471 in the US for your foreign corporations. If you've got US entities that are involved in that, it's another form. And this is not tax advice, but there's a lot of forms to file. Bank accounts have to be reported. All of this is being reported to the Treasury, to the IRS, one or the other, and you're gonna be somewhere else. And so the idea is, it's already a little bit ridiculous that the US makes you pay anything when you're not using their loans. There's only about two countries in the world that tax you whether or not you live in the country. It's one African country. Well, it was a country. It's a tiny little African country of Eritrea, which has a diaspora tax of 2% that nobody pays and the United Nations condemned them. The US, again, you can get it down to single digits. So from 40 to five is still pretty, you probably aren't renouncing your citizenship, right? So people say, Andrew renounced his citizenship for tax, believe me, okay, 5%. If I loved the country so much, I would have gladly paid the 5%, right? So you left the US for other lifestyle reasons, philosophical reasons, I'm assuming. Yeah, personal philosophical. And I continue to learn more about that and learn more about some of the personal motivations. But if I were such a lover of the country, I would have gladly paid 5%. And by the way, my spouse is not American, so I probably could have just ended up paying 0%. But that's how you do it. And so you can scale that very nicely. There's not really a lot to do. Now, the issue that you mentioned is there's an exit tax. Yes, we've had people who, they've hired us two or three different times. One guy I think his business was 10 million or something. And then the third time it was 50 million. And he's in the process of selling it. If you're selling a business, I mean, that's ostensibly a long-term capital gain. So he had an extra $10 million tax bill. If you would have done the exit earlier, it would have been much more comfortable. So in terms of exiting the system, $2 million generally is the magic number. If you think that you don't wanna leave the US forever, Puerto Rico is an option to consider. You mean when your net worth is 2 million or what's 2 million? Yeah, when your net worth is 2 million or if you've paid a lot of income taxes or if you're not in tax compliance, but generally speaking, $2 million is the number where after that if you choose to exit the US for good, they're gonna come after you. So if you're building that business, making 500,000, maybe in some, in many spaces it's already worth more. Now the tax man may value it differently than some venture capitalist would. So you have to consider what's their valuation. Maybe that's only three X, I don't know. But you know, most people just take the renunciation piece. That's extreme up the table. If you can go from 40 to five or six. Yeah, go back to this Atlanta couple. Let's say they don't wanna renunciate, but they're renounced, but they're okay with spending time at the US. Let's take Puerto Rico off because I live in Puerto Rico, fairly familiar with that. But let's just say, you know, they don't wanna live full time in Puerto Rico and they don't wanna renounce their citizenship and they need to be in Georgia, Atlanta and this hypothetical, how much time or do they need to be outside the US? Is this, they need to be pretty much more than three months only, nine months out of the US. So it's kind of the threshold. I think that generally the threshold if you are going to be, if you wanna do whatever you want, which is what I did, because I just didn't wanna be in the US at all. I spent zero days some years, most years. You're gonna be out for 11 months. Now again, what's cool about the US is other Western countries are like, but where are you going? I've got a friend from Norway for three years after he leaves. He doesn't have to pay the exit tax, but they tell him where he can go for three years if he wants to avoid it. So he can pick from a list of countries. Mexico does the same thing. I think Finland does the same thing. So you can live wherever you want. So what I did was I'd be like, I'll go to Malaysia for two months. I'll go here, I'll go there. You can travel as much or as little as you want. If you wanna settle in one place, the rules are a bit more gray. But I would generally think, and this is probably applicable to a lot of Western citizens, you wanna be gone for eight to nine months a year. What's that threshold reason that you couldn't say this hypothetical couple couldn't stay six months in Atlanta or five months in one day or right under kind of that half a year? Is that a specific statute that says in order to qualify for X, Y, Z, you need to be outside the US nine months? So what allows you to give or take $10,000 a month, the foreign-earned income exclusion? By the way, you don't have to have a company to do that. I mean, you can go and have a job and you can get that foreign-earned income exclusion. So I had a friend who was a banker in Dubai. He made a lot more than 10,000 a month. But Dubai, the UAE did not tax him more. So it was only the US. And then the first, again, 10 grand to give or take was exempt. So to trigger that, you have to basically meet one of two tests. One is just physical presence. Hey, you know, Sayonara, who cares what you're doing? You know, and that's where you don't get much time back in the US at all. The other one is a bit more about like all the different factors involved and you know, how connected are you to this other place? Are you a citizen? Are you a resident? Do you have a home? Like your kids go to school? It's kind of more of a subjective test. And so this idea that people, it's kind of an old school that like just the days test. A lot of countries have a days test. If you spend 183 days in the country, we'll tax you. Theoretically, if I had nothing else protecting me, if I just went as a tourist to Australia for 183 days, they could tax me. If I pay taxes somewhere else and maybe there's a closing, whatever. But theoretically they could nail me. But that does not mean the inverse is true that if you only spend 182, you're covered. Now for Americans, Puerto Rico perhaps, depending on how you do it, does allow you the most time back in the US. And so if your goal is maximizing time in the US, then that's what you should do. It's a little bit hard for me because I mean, again, my goal was, I thought the nicest, most understanding, most open to entrepreneur, most beautiful women, the people I wanted to hang out with, the businesses I wanted to invest in, like I wanted to see the other countries. I understand some people, their goal is, what's the least I need to do to save taxes? I think that perhaps we'll get you in a bind where you see these guys go down to Puerto Rico and then they start talking about how they're gonna get on some kind of like cigarette boat and smuggle themselves back into the US. Like you don't wanna do that. And we see that. They can track you with your credit card. They can track you with, I don't know. I mean, Monaco are the experts in this. Yeah, Monaco, they got the police like tracking. Are you there every day you're supposed to be there? I mean, they're sending people. So, and by the way, the IRS is now really cracking down on people who are just pretending to be in Puerto Rico. So I think Puerto Rico is the most flexible if you wanna be overseas for any Western country. I think you've gotta be gone eight, nine months a year. So let's say this couple, and then we'll move on to a different line of thinking but I think people will find this interesting. Going back to Atlanta, hypothetical married couple. Let's say they go, we don't wanna renounce. We also don't wanna spend nine, 10 months outside the US. Are there other advantages that they can pick up on while still living in the US yet maybe having a company outside? Is there any reduction in risk, taxes, et cetera? If they say we need to spend six to eight months in the US or is that pretty much, they're nothing there? I mean, obviously, Tim Cook is the CEO of Apple and he's sitting in Cupertino. And Apple obviously has time in here in Ireland. I mean, Apple's one of the original people using Ireland to shift profits to a lower tax rate. So do we occasionally see people who have very complex businesses and very big businesses where you can do some of that? It's not necessarily our focus but certainly you could apply somewhere between the Georgia family and Apple. There's an opportunity where you can have serious stuff in the US. That's certainly not uninvolved. What I would suggest is perhaps if I'm starting a business, I could incorporate that business in part overseas. Now I have to file a foreign return, or sorry, a US return for that foreign company. So I'm gonna have a little bit of extra paperwork and I'm not gonna save the tax because the company will be taxed as if it's a US company. But I am going to potentially have lighter weight requirements. Let's say my company's in the UAE, I can get anybody a visa to work for me. So it's not the cheapest place to hire people. And I don't think you're getting top level A plus talent in Dubai from experience. But I mean, no, people think it's some panacea but you could bring people from anywhere in the world and that's a selling point for certain people. So if you wanna say, hey listen, the best SEO guys for my business are in Pakistan. They'd like to move to the UAE, I'm going to pay them between Pakistan and US wages. I save some money, they get a work permit, maybe that helps me retain them. I can bring anyone to work for me there. So there's benefits for the business in terms of cost savings, in terms of streamline. We had a guy who worked with us a couple different times. He wanted to move the business to Singapore. He said, I'm just, I'm tired of hiring Americans. I'm tired of the filing requirements. They come at me seven years ago, why did you fire this guy? I don't want it anymore. He doesn't care about saving taxes. So if you're willing to move, unless your business is just big and you've got a lot of people in different places, maybe there's something to be done. But if you're just like, hey, there's four of us, it's really not gonna be possible. I mean, the people running the business have to, and really even the people doing substantial work in the business, which if you've got four or six or eight employees, most people are gonna be called pretty substantial. If that's your business, you're gonna have a hard time doing that. If a company at our level, we've got 60 people, could I put a few people in the US? Probably that's an easy enough way to structure that. But you've gotta be kind of at the level that we're at 60 people or more, I would say before you can really, it's really justified to say, we're gonna not be out. But there's plenty of things you could be doing otherwise. You could be getting your dual citizenship. You could be banking overseas. I mean, look at all these different countries that are freezing people's accounts. Or I mean, the woman who sold burritos 10 years ago, oh, she's depositing too much cash. Let's take all of our money and then she can't even defend herself. I mean, having business bank accounts somewhere else. All that stuff is good just for asset protection and diversification, but I think tax requires movement. Yeah. In the context that we're talking about, if we're not Apple. For somebody listening who just loves the world, forget taxes, they want to live a global life. They want to diversify. They want to have assets globally. It has nothing to do per se, necessarily about taxes. They don't know how many days they want to spend in the US. So they don't want to be tied to that, but they want to diversify globally. So they want to diversify maybe where they own real estate. They maybe want to have a backup plan. They want to enjoy life. They want their kids to experience other cultures. Let's go through kind of three parts of the world because everybody has a different taste. I can't just say, hey, Andrew, what's the best place in the world? Because there's so much subjectivity to that. And if you ask me, I've been to a lot of countries in the world. I've lived all over and I have my preference. I like Scandinavia. I spend a lot of time in Scandinavia. I like Brazil, some parts of South America. I've been to the Middle East. I've been to Asia for various reasons, partly time zones and things like that. I tend to be a little more Western. Yes. But for you, just with your, and you don't even have to explain your predilections and personal preferences, but what are the three parts of the world? If you were starting from scratch now, let's say you lived in Atlanta, Georgia. And you just said, I'm a little global life. I'll still have my Georgia, US, LLC and operations here, but I want to spread out. I want to have a second home maybe, or I want to invest some real estate that I'm going to Airbnb out, or I want to spend five months here and my kids go partly to school there. What are those three countries or even specifically cities? Because I think sometimes countries is the wrong way to think about it. What are the cities, three cities that you would put in your rotation? I call it a travel rotation. What would be your travel rotation? Yeah, I created the concept of what I call the trifecta, which for me, not being in the US was, you get three places about four months a year. And if none of those are like really Western places, you wouldn't trigger tax. You said we're not worried about tax. Let's talk about Latin America. We do have a lot of people who say, yes, I like the Western time zones. I trade stocks or I just talk to my employees, whatever customers are there, whatever I've got to do it. And yes, I've been on too many of these podcasts at two in the bloody morning in Kuala Lumpur, Malaysia. I hear you. So Latin America, I mean, I think Mexico City has become popular. I was telling people eight years ago, why don't you consider Mexico? Like when Trump was running, people should move to Mexico, not to Canada. I think Mexico City is a great city. I like cities. And I think there's safe enough places in Mexico City. I don't see a ton of value in Central America. I find Panama City to be okay. It's livable. The rest, I don't know that for, I mean, if you're looking for adventure, you can go there. If you're looking for total freedom, maybe. I have a home in Bogota, Colombia. I happen to like that. I think that there's a lot of interesting benefits there. If you're there four months a year, it's not gonna be a problem. I happen to prefer Northern South America to Southern South America, although certainly the more stable countries like Uruguay, from tax, from freedom to all the different, there's a lot of benefits in Uruguay. I'm not banking, by the way, in Latin America. The banking hub for Latin America is Miami. Yeah. So I mean, I'm maybe- What about Belize? People talk a lot about Belize. I'm more of a retirement place, I think. I mean, I think- But I'm in for banking specifically. Small banking, maybe. I think that's for someone who it's like, I wanna have a company offshore, I have very little funds to put in it. I'm not gonna be resident anywhere. I'd go and get an account in Belize or Dominique or something. I think it doesn't blow me away for banking, no. Could it be an option in there? Sure. It shouldn't be like, that doesn't replace Switzerland or Singapore. So that's where I would go. Yeah, I mean, you've got Roboton, the island off of Honduras. If you were to live there, you could get citizenship relatively easily, for example, and that's not a bad citizenship. As much as you think all the Hondurans are coming to the U.S., their citizenship is not bad on a global level. So if you like that kind of thing, my friend Mark Moss likes to go and surf. I mean, Nicaragua has some great places on the Western, on the Pacific coast. El Salvador is being cleaned up. So Latin America, I think there's not as many options. If you buy property in some of those countries, you can get residents. Do you like Bogota? You feel safe there? You see a family bringing their kids down there four months out of the year, three months out of the year. I mean, I've been doing this for a long time, so maybe I'm just a little bit acclimated. The only places I felt unsafe, I was in Johannesburg, South Africa. I had a gun in my face in Managua, Nicaragua. And you never know, I think I handled it much more cavalierly, if that's a word, than I would have ever imagined to have a guy put a gun in your face. What happened in Nicaragua? I was much younger and I was cheaping it out and I walked back from a bus station. I went to some other city for the day and people were like shocked, I walked back. I made it all the way back next to the little store next to my hotel. And I'm coming out of the store. It's twilight in February, six o'clock at night or something. I turn the corner out of this little store to walk to my hotel 50 meters down the way and a motorcycle comes. There's a guy driving. There's a guy getting it off the back. He just comes up, puts a gun in my face. And it was weird because I had just gotten my friend the same wallet I had, this lovely, was it a Xenia wallet, except his was sewn shut on both sides so you can't put cash in. And mine was the last one they ever made with like, but they opened one side and I'm like, I'm sorry, they don't make this one anymore. You can't have it. And he finally just took my cell phone and ran off. I thought we should have done that. I know a guy went to Johannesburg filming an influencer. He got his hands zip tied. They broke into his house when he slept, followed him home. He was like, shoot my friend, one of my friends said, don't be shooting with your big expensive cameras in Johannesburg. This guy did it, zip tied behind his hands, duct taped his mouth. And three of these robbers slash kidnappers were arguing whether they should kill him or not. And two were like, I kill him. He saw our face in the one and it was face down type. Well, he got out of that country when they, but luckily the one guy said, ah, let's not kill him. And he never went back to Johannesburg. Everybody says go to Cape Town. Cape Town is nice. Yeah, I got some great friends there. Joe Berg is, yeah, I wouldn't go there. So, I mean, is there crime in Bogota? Sure. Latin America is statistically more unsafe. That's really the one part of the world that is statistically more unsafe for violent crime than the U.S. The U.S. is in like the lowest, it's like in the 40th percentile or something. Well, what about Brazil? What about Brazil? I don't know. I interviewed, you know, the sovereign man, I interviewed him, he's down in Uruguay and he was talking about Buenos Aires, Doug Casey, what do you think about Brazil? Yeah, Doug Casey, we have a live event in Doug Casey's in Uruguay. He's in Argentina. I agree with Doug Casey that like the problems of Argentina don't follow you if you're just the foreigner that's like, when you're an expat in these cultures, you're floating above it in a sense. Yes. You don't, even in a place like Ireland where I'm at, like, do I get involved in the politics? Americans are like, how am I gonna protest what the government's doing? It's like, it probably doesn't impact you and you're not going to complain somewhere. You know what I mean? Yes. So, I mean, it's not my bag. I don't know as much about Brazil. I certainly know a lot of people who are down in the South, like down by Uruguay and that's, I think maybe among the better places, I'm hearing a lot more about Fortaleza, even the taxi driver yesterday is like, I'm looking at Fortaleza, he's really into our stuff. So, you know, Brazil was becoming more and more open. I, you know, the benefit of going to a Spanish speaking country is although the Spanish is very different in all those countries, I mean Bogota is a very easy place to learn Spanish because it's rather kind of pure Spanish. I don't, I mean, is Portuguese gonna serve you? So, unless you just love Brazil or you love Portugal. It's such a big market when you think Bricks countries. Brazil is first, Russia, India, China, South Africa, you know. So, yeah, okay, say the language for sure. I know so many guys who are like, I mean, you go to Brazil and I mean, women are really nice to you and it's just, you know, I don't know if it goes the other way around, but you know, people talk about it for that. What I look at, I always say, you know, I talk about the four pillars of the good life and I think there's so many ways to plan your life. The best framework that I've found is, you know, the purpose of life, I call it the seven B's, right? They're like subsets of the four pillar, but bloodline, friends, family, romance. If you ask a scientist, the human, the homo sapien organism, what is the dominating instinct? It's reproduction and that's both genetically but also through your friends and alliances. So I look at countries and there's a new meta-study came out in the last few years of global mental illness, global instability at the individual level. So dark triad traits like narcissism, psychopathy, Machiavellianism. And I really think, and I'm interested to get your take on this, I look at the world through that lens because you can find anything in any region. So the region that has the lowest statistical mental illness. And we'll put this on the show notes. Anybody listening, tylopez.com slash Andrew podcast, I'll put the link to this study. Brazil is statistically the lowest dark triad mentally unstable, exploitative trait location in the world. So I was talking to some friends of mine about the social scene and they're like, yeah, I mean, like from a sense of, you know, cheating, for example, and stuff like that. You know, I was talking about a woman from Venezuela and she says, yeah, I mean, Brazil, it seems like scores higher in some of that stuff. Well, but don't get confused with Brazil. That's crime in a good way. Yeah, yeah. But Brazil, everywhere you're gonna encounter petty crime and, you know, but by the way, the most unstable part of the world is basically, and I hope nobody gets mad, you can read the studies in Middle Eastern, Eastern Europe. They have very, very off the charts, some parts of Africa too. So, you know, when people think about where you should live, I go, well, there's a concept in economics of thick and thin markets, meaning you will find good people anywhere, but some markets are thick and full of people who are more likely to be cooperators with you in life, whether it's marriage, because you can't just go off pretty women because there's pretty women who are mentally stable and it's pretty, nothing more dangerous in this world than a pretty face with an unstable personality, right? So, I've spent a lot of time in Eastern Europe, which is, I mean, we could say that's Europe being the second or the second of the three kind of locations. I think that, I mean, certainly, yes, there are people, I mean, we've got a big team in Georgia. For example, I've been an advocate for Georgia. I think people there are more cooperative. There are certainly countries in Eastern Europe where people are relatively uncooperative, even though there's a lot of positives. I mean, beautiful people. It's laid back. A lot of people have gone to places like Serbia because they kind of leave you alone. I mean, the government is just, by the way, I mean, it really is a difference. I flew to Serbia recently from Eastern Europe. I mean, just the way people dress, the way people look. I mean, you get off the plane, there's someone in like these sky high heels, please walk up to, like, you would never have this in Western Europe, but is that the place where you want to go? I don't know. I mean, those people know how to fight. I think they know old school values. Is everyone in Eastern Europe going to cooperate with you? You know, maybe, maybe not. So, I mean, I feel safe in Bogota. Is a family going to go there? I don't know. I mean, you have to have a little bit of a zest. And that's the challenge for North Americans who, I mean, unless you're going to go down to like Uruguay or something, which is a stretch, Latin America has some drawbacks. I guess you could live in an island in the Caribbean, but I mean, Latin America has higher rates of violent crime everywhere else in the world. I mean, Eastern Europe and the Middle East, too, they have some of the lowest rates. I mean, I was just talking to a guy who grew up in Saudi Arabia. There's no crime there. Now, maybe you're going too far the other direction on the culture scale, but there's no crime in the UAE to speak of. There's no crime in Bahrain. This is relatively, you know, open, you know, for that region. I think there are other negative externality, like Copenhagen, where I live part-time, you know, is just as high level of safety? But with still the freedom, you know, sometimes you have, it's like, let's be real, you know, some countries or women can't drive. It's like, well, do you want to live there? Do you want to live in the place? Like, I understand that. Modern, look, to me, I'm a fan of the middle way. And so, ultra-feminism can be catastrophic for society, but also ultra-patriarchy is no beautiful sale down the wonderful life with no negative repercussions. I shouldn't say I'm the most politically-correct person, but I've been in countries where I say to myself, my goodness, like, the patriarchy, it really exists and it's right here. And by the way, I mean, I, you know, I go to Albania, for example, and try and date someone. I haven't really done this. But, you know, you hear all the stories. I mean, like, I was talking to an Albanian woman last year just at the store, and she's like, you're going to get married in a week or the brother is going to come and they're going to get in the back of your car with a bat and it's going to be like, listen, you're done. You don't want that, Andrew? You don't want to get a week old marriage by bat? I just watched that movie Shaft on Netflix, which is like Samuel L. Jackson, and he's trying to get Charlize, not Charlize Theron, but I forget the main actress to testify in a court case, a murder. And her brother's come out the backyard with these two big baseball bats or these big, huge white guys. And so maybe they were Albanian. Who knows? I mean, I, you know, I don't want to contribute because you know, you watch every spy show is like, oh, the Serbians are the Albanians are the villains. Like Russians, people I think know a little bit too well at this point. So now they have got to be more exotic. I think there's some great people there. There is always great people everywhere. I just, you know, it's just, it's just kind of old school sometimes. I don't know. I don't want to presume. I've known some Albanians. We have Albanians who work here. I mean, you know, it's not like- There's a lot of London. I'm in London now. For sure. In Albania, it's like, and some of those beautiful women you'll meet are Albanian. Like you said, you may have to marry them in four days after your fourth date. Yeah, they're not gonna. Yeah, it's not- If you're on a fast track for marriage, there you go. The question is, is that what they want? I mean, I think certainly the idea of, I mean, are people in the Western world happier by, I mean, I don't, I'm not really the game, but like, what is it like? Like the situation ship now? I mean, I just kind of hear this stuff for the grapevine and it just seems like, is that what's making people happier? There's a great book, many years, probably a dozen years ago at this point called The Geography of Bliss. The happiest people, I think, are the ones who don't like give too much thought to some of this stuff. And so there's places in Southeast Asia, for example. But anyway, I mean, Eastern Europe is a bit more of a stretch. I'm spending more time in Ireland and Dublin, Ireland. The reason being- You've gone back to your Anglo roots a little bit. A little bit. A little bit, because- Are you English? Are you English by background? I guess my father's side was, yeah, Scottish and Welsh, I think. Yeah, so you're UK, you're already Kingdom-ish. Yeah, my mother, Lithuanian and Norwegian. So- Norway, I love, I used to live in Oslo. Norway is God's country. Too far away. Unfortunately, and I'd like to claim one of those, well, no, I'd love to claim one of those citizenships, but Norway doesn't really do that, unless your parents are Norwegian. And Lithuanian, my great grandparents left two years too early. It wasn't Lithuania yet. And they said, sorry, you can't be Lithuanian. Yeah, I like Dublin. And so, we have some people in our audience who say, listen, I want total freedom. I don't want to be told what to do. I don't want to be told what to say. I think Ireland is still, there's a humility to it that a lot of continental Europe doesn't have. But, I mean, you're still in the European Union. And so if you just want total leave me alone, you're going to Serbia or something like that. I'm going to Serbia last year. It's a cool place. It's like, it's, you know, I was there. It's inexpensive. I was in Brazil. My Uber was 89 cents. I kept getting my bank block blocking my cards and I'm sure their algorithm is like a whole bunch of 89 cent Uber charges is some spammer. I call the bank 43 times. I'm in Brazil for the love of God. Can you compute your algorithm? Can you alter the algorithm to not be so blind, you know? Eastern Europe is not as cheap now with all the Russians and Ukrainians moving. Ask any of our team members in Georgia, the country of Georgia. I mean, things have gone through the roof. I mean, we were talking about buying property there six, seven years ago. We had people who have tripled their money on property. I have some land that apparently just got appraised at 40 times what I paid for it, which, obviously land being more illiquid. Let's see if I can get that. But yeah, I think I'll turn like seven grand into like 220 grand or something. That's nice. The best being 40X potentially. Anyway. That's in Georgia? Yeah, my mom went to Georgia. She used to follow this group. My mom's a hippie. I was born in Southern California. She follows this guy. He's dead now. His name is Guru Fawzi, Fawzi or something. So she went to Georgia, I don't know, 10 years ago. She's like, oh, I love it. It's a hell of a flight over there. It took her forever to get there. It's easier now, but yeah. Yeah, she was like, oh, she came back and, you know. Now, so, okay, so we got the first place. You obviously, Columbia, you have a place. That's a great way to know people's preferences and you're in Ireland. So what would be a third locale that you, just your preferences, like I said, you don't have to justify it per se. So again, having gone all over Asia, the place that I identified with the most, number one, because of the nice people, and number two, because it's a little more comfortable was Kuala Lumpur, Malaysia. Most of our Australians, they go up to Penang because they want to be in the water. And Penang's nice also. But I think Kuala Lumpur is a world-class city. I've had my parents come. Everyone who comes says this is better than many American cities, quite frankly, in terms of the services, in terms of just everything. Is it global expats or is it mostly Malaysians there? Well, so Malaysia, and this is why we, by the way, we're having a big live event and I wanted to show people Kuala Lumpur. We saw all the live events a few months ago. We're gonna get there, but yeah. We've been doing all of our events in Mexico over the years and I thought it's time to show people somewhere I've been living for 10 years. I have properties in Kuala Lumpur. Is it global? I think a lot of the expats left. I mean, if you're someone who, Asia is more of a group culture. So not everyone got vaccinated, but there certainly was a bit more enforcement. It's all over now, but Asia's a place where when people get sick, they wear a mask, that kind of thing. So if that's not your thing, then Asia's not your thing. But right now Malaysia's wide open. And so there were more expats there. I just think that, I think they're still very friendly to expats. Maybe some people didn't. I don't know why. But it's most of that Malaysia's a multicultural country. It's about 60% Malay, which are the ruling powers. They are the Muslims that are in charge. They are some of the nicest people you'll ever meet. There's the Malaysian Chinese, which is about 25%. And so you've got Chinese people that are Malaysian citizens. They don't wanna be Chinese. They're Malaysian Chinese. That's a cut above, they say. Well, that's what they say. But they're in Indonesia. They're in the Philippines. And they're generally in all these Southeast Asian countries, the wealthiest people, because they bring that work ethic. They are the lawyers and all that. Then you have about 15% Indians. And then you've got expats, not as many Western expats anymore, but you've got Egyptians and Yemenis and people from all over the world. They are a country that welcomes Muslims. I will say this, if you're not Muslim, they don't care what you do. And so in contrast, perhaps, to the Gulf, you will see people kissing. You will see girls wearing the skimpiest outfits, as long as they're not Muslim. You will see people drinking. I guess even plenty of Muslims do that. They're not supposed to do it, but it's a very liberal and open Muslim country. And so- How's the cost of living there? I think with what's happening in Eastern Europe, I still think it's among the best. I mean, Colombia with the currency always kind of going down is good, but the ring at the Malaysia's gone down. I mean, I'll tell you, I think what are we paying? I guess there's some taxes on top of this, but we're paying like $86 a night for five-star hotel rooms for our event. You could go and say, this is the most charming colonial hotel. I go there and have a drink every once in a while. You can have two cocktails for a happy hour. They're wearing white dinner jackets. It's a beautiful ambiance. You can play billiards. There's people smoking fine cigars. Like rich people go there. It's nine bucks for two cocktails during happy hour. Seven days a week at this $86 a night colonial hotel with orchids and everyone's in a dinner jacket. And it's like, it's really true. I took the big boss out. We had a great, like kind of a hawker stall lunch. Inside hawker stall, everything's clean. Nine bucks, we ate like kings. So you can go. You can also go to Nobu. You can also go to the Italian restaurant. You're going to pay more for caviar. You're going to pay more for champagne. You're going to pay more for strawberries, but there's plenty of stuff you're going to pay less for. I mean, real estate is insane. It's cheaper than Eastern Europe now. Yeah, and you shouldn't eat, don't eat Western fruits. So it's like, I'm in Brazil. I'm like, I don't need, you know, Northern. I don't need apples. It's like Brazil. It's like, give me something. I mean, although apples do grow in Brazil, but eat the food of the value you're in. If you had household staff, you know, they would go to the market that's further away. You know, when you're just looking for convenience, you'll go to the store where everything's from New Zealand, for example. But if you're, you know, if you're going to the market a few kilometers away, you'll still find apples at a reasonable price. It's just, it's, you're not going to the best and most luxurious supermarket. I think Kuala Lumpur is great. If you can live anywhere, if you're that couple from Georgia, if you're you, if you're me, if you're your listener, I mean, if you go to Singapore, the house that I have, I've got like a almost a penthouse, I don't know, 3,300 square feet. I redid it. I'm probably all in for $600,000. In that neighborhood, that's probably seven or $8 million in Singapore for the equivalent in Singapore. And now Singapore will charge you a 60% tax. You're going to throw away millions of dollars just for the privilege of buying that property. It is a four. So you're saying in Kuala Lumpur, something that cost you eight mil in Singapore cost you $600,000 in Kuala Lumpur and you don't have to pay this crazy tax. And the taxes are like, you know, so let me ask you, when I think of Asia, where people go traditionally, I think Westerners go to the Philippines, they go to Thailand. Now you hear Vietnam, Laos, Cambodia starting to open up. Let's talk about those for a second. What's your feelings on the Philippines in these more traditional kind of Western expat locales? Well, I mean, the Philippines is nice and the Manila like Fort Bonifacio, it's really come up. There's some really nice places. The real estate's much more expensive. I don't think the service is quite as good. I mean, they're lovely people, the Philippines. I mean, they're lovely people that are all over the world. I don't think that the quality is quite as good. You're on islands, so it's harder to get in and out of. It's more expensive to get in and out of. I mean, if you're in Malaysia, you can get anywhere you want. You're an hour from Singapore. Here's my system. And you can do this in any part of the world, but I've laid this out for Asia before. It's the global citizen sandwich. The meat of your life in a global citizen sandwich is where you wanna live. So I'm in Malaysia part-time, you could be there part-time, full-time, whatever. That's the middle part. It's livable. I would say 85 to 90% is livable as Singapore. I would say it's actually in some cases more livable because there's a little bit more laid back in some things. There's not so many strict rules. So that's your middle part. Very livable, maybe not quite perfect, but almost there. The bottom piece to be Singapore, that's where I'm gonna have my assets. I'm gonna go to one of those big three banks and I'm gonna put in whatever amount of money. People have tens of millions of dollars in those banks. We got a guy, half a billion-dollar client. He's moving $50 million in there and no one's worried. Now on the other hand, on that other piece of the bread, I'm gonna go to some of those emerging markets that I can go and look at. Again, a one or two-hour flight away. I've been a big advocate of Cambodia for 10 years. I'm an investor in Cambodia. It's done incredibly well. The yields are high. Property prices are going through the roof because they were nothing. I mean, the country hasn't had a recession for 30 years. Laos is starting to kind of sort of open up, but they're one of the few remaining communist countries and they mean it. Vietnam is doing well. It's harder to invest there. I like Malaysia for this reason. It's one of the four countries in Asia you can own land as a foreigner, which is rare in Asia. So you don't just own a condo. You can own the land if you can buy a house. But yeah, I would invest in places like Cambodia. I can also use mine. The other piece of the bread, my Singapore bank account to invest in Singapore, Hong Kong. I can buy Indonesian funds. I can buy Thai funds. What's the minimum somebody needs to have a Singapore bank account? Let's say this Atlanta couple. Can they just not go to Singapore and open a bank account there or do you have to go? Yeah, for, well, not all of me have to go. So like we have a lawyer that opens accounts in Georgia remotely and their minimum is like zero in Georgia. But if you want to go to Singapore, yeah, probably a couple hundred grand and you would have to go there. You need to go in person to open these. Obviously if you live in Singapore and you start a company and you hire yourself and you're living there and you're paying their low taxes, you'll get a bank account for $1,000. But if you're just like, I want to take advantage of your top status, it's a couple hundred grand generally. So that brings up something. Where are some places you like to bank? I know Georgia because we've talked for many years. I think Singapore's right up there. Singapore, Georgia, you said you don't love South America. What about other European locations? Any other places would you bank in Estonia? Would you bank, obviously Ireland, you're probably going to bank a little bit in or? Well, so there's a couple of things. Number one, there's where I want to put the bulk of my money where I'm going to store cash that I'm waiting to do a deal or I'm just parking it. That's probably going to be a Singapore. I think Switzerland and Liechtenstein from my experience are overrated. They're overpriced. I think the service is worse. Sometimes I want to do a self-service transaction that's harder in those countries. There's a lot of imperiousness. If I had to do private banking in Europe, I guess I would go to Andorra. There's just so much run around. I went to Monaco, they're like, oh, you've lived in some weird places. We don't really want to open an account. I mean, for a million euros, they put you through the ringer. You know, so if you want to live in Europe, you can get an account in some of those places like Coots in the UK, 3 million pounds, that kind of thing. But if you're just like the global citizen, I think nothing beats Singapore at the top. It's transactional, it's low fee, it's good service. Americans can't make investments, but everyone else can. They've got good access. Then I would maybe have my smaller accounts, my tunnels, my diversification, my higher interest rates. That could be a Georgia, Portugal, I guess, comes in there. And then I'm going to have like, where do I live? Both for tax reasons as well as just ease of operation. I wouldn't bank in Ireland other than I'm going to pay some local bills. Right. And so a lot of these countries- It's an operating account there, yeah. Yeah, so in Europe, if you're not, if you're taxed on remittance or whatever it may be, I would keep the money somewhere where it's where you want it to be. Like most people think that where they live is where their banking is. And so sure, I think my wife has like an account in Columbia with five grand in it or something. And it's just kind of a pain to manage but you got your five grand locally if you need it. Would you do Dubai, by the way? Dubai, UAE is another one that I guess we're, although I don't think that the standard of service there quite frankly, as someone who's a company, I like Dubai, but this idea that it's some panacea, I still think Singapore beats them in terms of private banking. I have the Bahamas beats them. There's many countries that don't want you, by the way, to your point about Estonia. I mean, if you don't live in the Cayman Islands, you're going to have a hard time getting most Cayman banks to take you. So the Bahamas is kind of in that lead to living there. What about Estonia when they want you to live in there? No, and they had that whole thing with Estonian e-residents, where people were getting these little cards from their local embassy and thinking they were going to open bank accounts and the banks were like, it's great that the government wants you here, but we don't. I mean, Latvia was freezing everyone's bank accounts six or seven years ago, because all the Russians were there and the Federal Reserve was pressuring their central bank and they were pressuring their banks. So, I mean, if you're going to bank in most countries, you want to have a residence permit. So think about this. I want to buy properties around the world. Generally having a property means I could open a bank account to pay my local bills. What if I want to put extra money in there? If you came and bought a property in Malaysia, but you didn't have immigration status, you could still probably get a bank account. And I think those banks are pretty darn safe. So, you could move more money in by virtue of owning that property. So in a sense, it starts to kind of come together where either having a residence permit or having a property enables you to have a bank account and then you can open more of them. I mean, look at Georgia, they still take foreigners, but like Armenia next door. The banks are a little bit more rigid. There's a few more international banks in Armenia, like French banks, for example, but now they want you to have a residence permit. For some people, it might not be the worst idea to get an Armenian residence permit as a backup. It could potentially lead to citizenship. It's kind of a different kind of country and then you can get your bank account. But no, like most European countries won't let you just walk in off the street. Mostly they're the ones that are the emerging in Eastern Europe, Portugal, if you're going to tell them you're going to do immigration, maybe, or if you've got millions. I mean, if you've got a million dollars, we can, we've got one bank in Switzerland we like. But they want you to have a million. It looks like Stein is the one that people, what about Luxembourg? I guess there's a few there for half a million euros or something. Yeah, Luxembourg and Dora. It sounds like Singapore is the spot that you, now you said Andorra, are they having that same level of minimum 500 grand or a million? Yeah, I think 500 to a million, yeah. But Singapore is lower, it sounds like. Generally speaking, and here's my issue with the European private bankers is they more about to control the relationship with you and they're like, oh, we'll give you tax advice. And I'm sitting there asking them, remember talking to a guy in Barcelona from an Andorra in bank about a year and a half ago. So what are your bank's protections against US citest assets? Like I'm not a US taxpayer. So if I buy certain US investments at my death, I can be subject to a state tax with a very low minimum. It's not like $11 million in the US. It's like $60,000 for me as a non-US taxpayer. But there's very simple ways, put your fund in Luxembourg, do this, throw it to, and he can answer the question. And I just think that I'd rather have some, it's a bit more transactional, lower cost, and you kind of serve yourself a bit more with I would say better stability in Singapore. I mean, those banks are some of the strongest, 12, 13, 14 strongest banks on earth. Yeah. So the point is you might with some big bank accounts in a place like Singapore, you might with some small bank accounts in a place like Georgia, you might want like an account where you're living or buying a property, but they all have a function. This idea that I live in the US, so I bank in the US, banish that from your mind. Yeah, for sure. And in the Singapore, just going back to that, since that's your favorite, or sounds like one of the favorites. First of this couple living in Atlanta, is it just they can do it without going to Singapore? They need to take a trip. They need to go to Singapore. They need to take a trip, but is it just showing up once or twice? Or is it saying, here's my apartment, I have a monthly rent lease on, is it, do they have to take the next step? Yeah, I mean, it's different for every bank. And by the way, there's banks, I mean, some banks don't take Americans. So like Liechtenstein, they're pretty stingy in Americans. Switzerland, we've got one that takes Americans. By the way, just got to quote back for someone, they want 12,000 francs a year just to have their relationship. Yeah. So, and how much minimum, and how much minimum? I think that was a million francs. So 1.1 million US. So you can find remote bank account openings. I mean, the bank of the Bahamas, I don't think anyone goes to open that account in person, but you're gonna do more compliance. You're gonna do more compliance than any of these. So I think that generally what you would do in Singapore is you would talk to the bank, and we have good relationships with them. It's very referral based. A good conservative bank is not desperate for every account holder that could potentially get them in trouble. They're not desperate for cash, like some of these US banks. So, I mean, again, the guy with half a billion dollars said, hey, would you mind give me your connection at one of the Singapore banks? Cause they kind of brushed me off. The guy has half a billion dollars. His company just went public and they don't wanna talk to him. They're like, are you sure? Are you sure this is what you want? So I mean, if you just walk enough the streets, I mean, it's gonna be hit or miss. If you know somebody, if you set it up in advance, you can do that. I would not just land in Singapore and expect to get it done in a day. Could you? Maybe, but I mean, they're gonna ask for stuff. Maybe you can send that afterwards. It's, I mean, the answer is it's different from bank to bank and banker to banker, but I quite frankly think you'd have an easier process and you would feel more comfortable moving money. I have millionaires who come and say, I'd like to move $25,000 offshore. I said, that's not much asset protection. Yeah, I mean, what if you went to the country and invested your time to see, oh my goodness, that's like a 60 story tower, you know? You'll start to feel more comfortable with it. Yes. By the way, for those of you listening, I'm gonna put a link, tylopezza.com slash nomad. The conference is coming up in Kuala Lumpur. Andrew does this conference and there's hundreds of people coming in from around the world, the networking, the speakers. It's a multi-day event. I'm planning to go. So I highly recommend. We've got the show notes, but then if you want a direct link, tylopezza.com slash nomad, that's my affiliate link. I'm a affiliate partner with the conference and some people will look at that and say, oh, do I really want to fly all the way to Malaysia? And I've never heard of that. I'll tell you what a mentor told me when I was living in Beverly Hills. He was a neighbor, he was worth, I would say between $200 and $500 million, one of the big landowners in different parts of Beverly Hills. And he said, I built a clothing line and I sold it to J.C. Penney every week for 20 years. I would get on a plane Sunday and I'd fly to Italy. I'd look at the styles and I'd fly home to see my kids on Wednesday. And he did that for 20 years. And he said, but one big deal, I learned how to travel. He said, Ty, if you want something, go after it. And I always thought that was interesting. He, what he was saying is, don't regard the difficulty of something. He just thought, well, I want to travel. I'm willing to travel anywhere if it'll benefit my family, my tribe, my business, and my long-term financial legacy. So if you see, if you go to tylovers.com slash nomad and you're overwhelmed by the thought of going to Malaysia, go for three days. Get on a plane, turn around and come back. I did this experiment with myself after kind of coming to this conclusion that I'll go anywhere in the world where there's good information without regard. It's like the Louis C.K. the comedian says, we're the most spoiled generation and we've become weak-willed. You know, he's like, you're sitting on a chair in the sky. Something that used to take people an entire lifetime to go from the U.S. or Europe to Malaysia. Now we can do it in under a day. Sure, it's a little bit uncomfortable. We've got to pack your stuff, but you can sit in first class if you have some money. You can have somebody wait on you hand and foot. You can read three books. That's what I do when I go on these long trips. I'll read. I went to Australia. I read the entire autobiography of Napoleon Bonaparte. And so super productive. And also, if you see this, it's coming up in September. If you know, you need to understand more about what you're hearing now. And you need to be informing yourself on the global patterns that are unfolding in front of us because there is, and this is my opinion now, there is a distinct possibility that we're going to witness, whether it be AI, whether it be a global war, calamity, food systems breaking down. Don't think where you live now, which a first world country. A lot of my listeners are in the United States. Don't think that empires don't fall. And the wisest people in the world always have a backup plan. So whether you actually want to leave the U.S. or Europe, that's an irrelevant point. The point is smart people have backup plans, even if they don't deploy all their assets into them. So I'm a big believer. It's like, who wouldn't have some kind of a global asset? I mean, you'd be insane to not have one. I have a lot of people following me doing Airbnb. I mean, okay, you do it in, you know, Los Angeles. Well, why wouldn't you have one in an outside country, whether it be Colombia or, you know, Europe? There was a, I was just with a student of mine and you know, there was a guy in the UK who did $21 million in Airbnb rentals, netted 10 million bucks, diversified globally. So come, if you can, September, don't think about how long the trip is. That's irrelevant. Read a book, think, bring a yellow notepad like Bill Gates built his entire business plan for Microsoft by locking himself in a hotel as a teenager for three days or five days. So lock yourself on the airplane, you're locked in, bring your plants, map out your next 18 months of your business, read two books and the next thing, you know, you're landing in Kuala Lumpur. It's safe, it's super cheap. You know, you're staying for a hundred bucks a night. So tylovis.com slash nomad. Can I tell you what else you can do, by the way? What I found in my experience of all my travels, once you're on the plane, you're on the plane, I almost prefer going to a place like Kuala Lumpur because if I'm going from like Istanbul to Kuala Lumpur, that's 11 hours. I can actually like, I do, I have a nice meal. I do what you're saying. I got a lot of stuff done, more productive on a plane than anywhere else. And I get some sleep and I arrive refreshed. But here's what I did that I think people, here's a way to dip a toe in without committing any funds. Go to, I go to Prince Court Medical Center. I don't get paid, I'm not an affiliate of Prince Court Medical Center, but I go every year and I paid this year $301. I guess it's a little bit cheaper now with the exchange rate. But I paid $301. I got the most intense physical. You go at whatever time you choose. I went at 9.30. I'm out by 12 o'clock. They rush you to the front of every line. Radiology, ultrasound, I mean, everywhere. You get every test you can do. Blood tests out the wazoo. Every test, then you go and see the doctor. Then you go, they give you a beautiful lunch. Then you go and you come back at like 3.30 and the doctor actually answers all of your questions. They're all trained in the UK. They don't work at this hospital if they're not trained in the UK. And they, you've never seen anything like it. This is probably $10,000 in the US. And so what I'm telling you is $300. Wow, I might do that. And I've never, I mean, by the way, I've been to the emergency room for like a contact stuck in my eye in the US and it's too grand and they give you the bum's rush out the front door as fast as they can. I would suggest, I mean, come and look at the countries you're talking about. We've got guys talking about investing in Cambodia, investing in Latin America. Go and see one of these places next door. Go to Singapore. We're gonna talk about bank accounts you can open from $0 to $5 million and everything in between. So, but I would say come and put some feet in the, if you have the time, do some of the other stuff we're talking about. See what it's like to live in a kind of place. And I think your mind will open up. People tell me, Ty, there's nowhere to go. What happens when the US, oh, if the US falls, everything falls. That's because you're thinking Canada, the UK, all the places on your normal radar. You're probably not thinking what happens to Malaysia if the US sinks. Malaysia's been on the upswing. I mean, just go and watch the movie Entrapment 25 years ago. I mean, the place looked a lot different than it does now. It's incredible. So yeah, we put together a lot of great people from Jim Rogers all the way on down about four days of solid information. So it's, there's no fluff. So let me ask you now, asset protection. So what do you think of there's traditional places or not traditional, there's places people have gone. Americans think often of Switzerland and this that, but what about places like Cook Islands, for example, common place where people are set up LLCs, trusts, bank accounts, what's your thoughts on, you know, a Nevis, a Cook Island, some of those places. For those who don't know Cook Island is an island, it's kind of an affiliate of New Zealand. New Zealand, yeah. Yeah, and a better reputation than like the one between Australia and New Zealand named Vanuatu, which I've been to, which is, you know, Vanuatu and Belize, if you have like a company there, it's probably like you're assumed to be involved in some terrible activity. Pablo Escobar. Yeah, something, I don't know. But the Marshall Islands, maybe another one. But yeah, I think what a lot of North Americans want is common law. And so you don't really have that in Europe. You have foundations in places in Europe. It's a little bit different. So the Cook Islands is certainly the gold standard of asset protection. You're going to pay more for it. We set up Cook Island's trusts for folks. By the way, before you open your bank accounts, if you're gonna have a $1 million bank account, is that bank account gonna be in a trust or is it gonna be in your own name? Because that Swiss bank account, the one advantage they have generally over Singapore is Singaporeans, because their taxes are so low and they don't really have an estate tax, they don't really use trusts, they don't need to. Whereas like Swiss banks are familiar with, okay, we'll open an account for your trust. So before you even open the bank account, it's important to have kind of the holistic view. This is what we talk about in our business, what we talk about at our event. I think the Cook Islands is the best. Certainly, again, it's the goody-two shoes of the offshore world. I don't like to, I mean, you know, they've told the IRS to pound sand on some occasions. If you're living in the U.S., I wouldn't tell the IRS to pound sand. I wouldn't tell, I don't live in the U.S. and I wouldn't tell them to pound sand overseas. I just structure myself to avoid them. But I mean, they have shown like, listen, we follow our own rules. So, you know, Belize has trust, Bahamas has trust, Nevis does. I don't like these as much for incorporation. I think onshore is the new offshore for incorporation. Seychelles, Belize, Vanuatu, all that is out, I think for incorporation. In or the Hong Kong's, the UAE's, the Isle of Man's, the Caymans, maybe the Bahamas. Those are the places for business. So explain, why do you like those more for incorporation? You're talking about an operating-type company. Right, so if I have a holding company, we might have a holding company, the BVI, for example, just to hold stocks or somewhere to hold equity in different companies. That could potentially work. But I mean, try getting a bank account for Belize Company somewhere. I guess it, again, if you want to put in $5 million on some Swiss bank, they'll charge you a lot of fees because they're going to say, our compliance has got to do a crazy job on this one. So obviously, the more money you have, the more flexible it is. But if I'm the average person that you're talking about in Georgia, the state now, I'm not going to sit at my company where nobody wants to bank me. I mean, we used to be, you could open a bank account for a British Virgin Islands company, which is not the lowest of the low. There's still some respect there. They used to be able to open those in Singapore, $30,000, they don't really want that anymore. So these good banks are becoming more and more risk averse. But for a trust, they understand, okay, it's a trust, it's passive. It just holds stuff. The Cook Islands can work, Bahamas can work, those kind of places, yeah. So again, I'm always looking- Do you think there's value in, let's say, an American citizen or someone from the Western world in having a trust structure hold some of their assets, if not the majority? Well, it's some of the personal decision. I mean, some people who are entrepreneurs are just control freaks. I mean, let's be clear, you have a trust to use responsible for, handling those assets and they're supposed to follow your instructions. I think they're over-prescribed, but I think if you have $2 million or more, I would start looking at doing that. Is it worth going to the Cook Islands? I mean, maybe if you're gonna keep making money, sure, I believe in paying for quality. I don't think that everybody who has $100,000 to put in should be sold a trust. Right, but let's say somebody predicts, I've got a business, it could generate between $200 million and a free cash flow over the next 10, 20 years. Do you see that as a viable option? Sure. Running through a trust. Again, let's be clear that if you are a US citizen or if you live in the US, I mean, you're gonna have to file forms for that trust. So there's gonna be a little bit of a burden. It's not like, oh, I just get to hide the asset. The asset is not hidden. No, not necessary for hiding. Asset protection. From the, you can't hide from the IRS. It's not. You're not hiding. This is not an intelligent thing. The IRS is a powerful organization. There's more than people think. Well, and they're just, they have pull, man. You're probably better off pissing off, you know, the Colombian mafia, than the US IRS, which is ultimately backed by the US military. So at the end of the day, US could exert power anywhere through the largest, you know, we have 10 times more aircraft carriers than any country in the world. Like, I wouldn't say. You'll go to these countries where the immigrants come from. Like, you know, Patrick by David, it was he's from Iran. Like Iran is not following you around the world. Now, if you go back to Iran, maybe they're going to screw with you. But like, you know, or, or, you know, even Turkey, they're like looking for some of the guys that they think are terrorists in Sweden and the US. They don't really have the power to say it, but the US has the power. Yeah. Right. So you don't want to screw them. Has power both politically through their diplomats in there. I was, if you're Iranian and you went like, all right, who cares about the Iranian IRS? Robert, I'm, I don't know how that works, but I do know the US IRS. You don't want to screw with them. I was in Sweden in Stockholm when the kind of Ukrainian conflict started. And I woke up, you know, there was the Swedish Navy was out in the harbor and they had a boat. I'm just going to put my hand up, you know, because I'm on, it was a, to scale it was approximately this big, this naval ship. And then I woke up the next day and I was staying at the, there's a hotel there right by the harbor. Here come all these US generals coming in to stay at the hotel. And I look out and there's the, a UA, not even an aircraft carrier. This is whatever a destroyer. I don't even know the terminology. Here's the big Swedish one in America. One doesn't even fit on the thing. And the IRS has that behind them. And so, so forget any kind of tax avoidance or hiding or anything. Avoidance maybe. Do you see other things for the trust? People go for trust for litigation. Somebody falls down the stairs. You're a multi-billionaire or a multimillionaire in the US and you live in Denver, Colorado and somebody falls down the stairs or your horse gets out on your horse farm and somebody gets killed and they say we want a hundred mil or alternatively get divorced. There's a famous trust case that guy just did in Texas where, you know, he was going to get taken for a lot of money and he ended up being going, as the Rockefellers used to say, oh, nothing control everything. So do you think that for people, a little bit higher net worth that follow me, two to 20 million, you know, do you think trust begin to become part of that equation? I do trust. I do, I think that. Or Wyoming, you know, people like in Wyoming now. Yeah, I, listen, I'm the nomad capitalist. I'm not the, you know, it's not go where you're treated better. Our slogan is go where you're treated best. I mean, maybe Wyoming is better. Best would be probably the Cook Islands or something like that. So, I mean, understand by the way, like our live event, it's more expensive than most live events because we have no sponsors, but also because, I mean, I've spent 16 years traversing the world, figuring this stuff out. And I think there's a value there in a very expensive industry where people oftentimes overpay for stuff. I mean, there's people in New York that'll charge you 80 grand instead of a Cook Islands trust. So before you spend 80 grand or some fraction of 80 grand, if you're not doing it with some Park Avenue firm, you probably wanna make sure you actually need it. I mean, we have people who come to us and say, I wanna get citizenship in the Caribbean for $100,000. And I say, it's a good backup, but for the reasons you're giving me, you probably don't need it right now. Oh, okay. Well, you know, I mean, there's a lot of people trying to sell you some very expensive stuff in this space. So I think there's a place for trust. What I would point out on your example of, I have a business potentially for the ambulance chasers. If I'm running an active business, let's say you're e-learning business, it's possible, not legal advice, but it's possible in some situations, merely having the company somewhere else without a trust. I mean, maybe a trust owning the company adds even more, but if the company is in the UAE and the bank accounts in Switzerland, that's still a lot harder to go after than just the money's on the street. By the way, I've seen this firsthand. I spent six months in California about 16 years ago when I was first researching like Cambodia and places like that. And I came back to Arizona, I was living and my accountant said, well, you probably should file a dual California return. I paid the bill. It wasn't a lot back then. And I woke up one day a few months later, the franchise tax board, which is even worse than the IRS, you know. Yes. They just reached into my account and took out some money. I said, I have a canceled check. I paid you. Oh, and we used to call them and fight with them and they really are nasty to you. And you realize, my company was not in California. My bank had a presence in California, but it's an Arizona bank. You realize just how easy it is for people to make a mistake even. Yes. I'm not saying don't pay people what they're owed, but it would be nice. They can't just push one button and all your money goes away. Yeah, there's levies and there's leans. People don't realize there's leans where they have a hold and there's a levy where it's an extraction. Just take it right out. California franchise board put a levy on you. So that brings up something interesting. What's your take on crypto? I think my approach is a bit more conservative and I think it's a part of our portfolio. It's part of our portfolio for myself. It's part of our company's treasury management. I'm not someone who's 100% Bitcoin. You know, we have people like Roger Vair. I mean, Roger Vair, I think was buying Bitcoin for pennies and you know, a guy like that has a lot of money. We had Max Keiser last year. I mean, he's all in. I'm not all in at anything. And I think that you mentioned something earlier. My strategy is I'm not the most confident person in myself. I like to make sure I've gotten many different options. I'm not confident in anything. And so I look at it and say, if I'm living in the United States, what's the downside of having some money in Singapore where the banks are statistically more safe? Like what do I lose by doing that to your point? And I look at the same thing in the context of, you know, I might lose something having, you know, Bitcoin. I'm obviously in the last year and a half, I've lost something on paper. You know, I think it's a good asset protection tool. I would add that by the way to my list of things to be internationalized. Put some on a hard wallet, rent a safe deposit box, not with a bank, but with a private facility, you know, whether it's in Singapore or Austria or whatever else, it's a private facility. They just have your information internally. As long as the police don't come looking for you, it's not gonna be reported necessarily that you have that box and put it there. I like to have assets I can go to and I can get. And so this idea that I'm gonna be, people would say, you know, escaping Ukraine with my ledger in my pocket. What if something happened to my house in Ukraine and the ledger's not there anymore? I'd like the ledger to be somewhere safe. So you like these physical storage, would you put gold there too? Are you a fan of gold? Yeah, I like gold and silver, sure. But actually gold, sometimes people are like, I'll have a gold index fund or this. That's rubbish. And you're putting it, where do you like Singapore? You said Austria. Austria's not, well, Austria used to have anonymous boxes where you could just not even provide an ID. And some people like that, they got rid of that a couple of years ago. But yeah, there's facilities where you're still, I mean, you're known, but they're not reporting it to anybody. So again, unless like someone's coming, like unless you're the FTX guy, no one's coming in like, hey, where's Henry Sears? Would you do Uruguay? Would you do Bahamas, Caymans? I like the free zone locations, like Singapore has the free ports. So Singapore's the free port, like under the Zurich airport is a free port. Like I like those like James Bond level safe. Like I'd been to some of those facilities in Panama. I can't say I was blown away. I did not go to the ones in Uruguay. So where are some of those? Singapore, one, where's three places? Zurich, Frankfurt, I guess Amsterdam, maybe. I think the big ones for me are Switzerland, where you're generally going to pay more. We've got a company where we get the same rates in Switzerland as we do in Singapore, but generally against Switzerland, it's triple. Yeah. If you just go on your own. By the way, for all of you listening, I wanted to throw out one thing. Tylofas.com for the show notes, I'm going to put a link to nomad capitalist, private consulting, which he's done for me over the years. For those of you who are just, you know, a small amount of money that you want to diversify, it's not the right thing for you. But for those of you who are more sophisticated and you want Andrew's team, like I said, this is, I'm an affiliate, but I actually did this years ago when I was an affiliate. So I can objectively tell you, this is something I've paid money to Andrew and his team. So when you go to Tylofas.com slash Andrew podcast, Tylofas.com slash Andrew podcast, in the show notes, I'll have a link to his private consulting. On the show notes, we'll have his website. You can join the free email list, get value. We'll have a link to the quality long poor upcoming September event. And we will have a link to the private consulting. You know, it's kind of like three levels. If you just want to dip your toe in this, you go to Tylofas.com slash Andrew podcast, you get on the email list, we'll have the link. If you're a little more like, I see the value of going global, then look at coming to one of the in-person conferences while that link. But if you're somebody who goes, man, I'm not gonna be able to figure this out. Have a more complex, you know, a state. And again, he's not a lawyer. So he's gonna coordinate and his team's gonna help you coordinate with, here's some law firms globally, here's some bankers, here's some accounting firms. So think of him as kind of a quarterback and a coordinator hands on. And I went through that and got some really good value from that. That's the more expensive package. Yeah. So going back to that on, and I don't want to put a link to some of these locations, like you said, these free ports where maybe people can store some things. I think that'll be a valuable link. What do you think as we kind of wrap up here? Just, I want to do kind of a rapid fire section. I like to just ask quick, maybe a thumbs up kind of thumbs down with one sentence. What do you think about Scandinavia? Efficient, interesting people, a little too cold. I can't pay so much tax. I just can't, it's not worth it. No place is worth it. You don't want to be there 12 months out of the year, but you can move around through it. So which is my second question? Great place to visit. Africa right now, where? People talk about Rwanda. I think East Brazil has a little potential. We're gonna be talking about that at the event. Morocco, maybe for some lifestyle stuff. West Africa, there's some interesting areas. Kenya has a lot of tech stuff. So obviously a huge content. I've got, we've had a few African clients who are doing amazing stuff like in Namibia, even the Congo. I mean, you can make it, if you're 18 years old and you want to go somewhere and just have a wild time Southeast Asia, even wilder would be some of these places in Africa. I got guys, I mean, running the most basic companies, going nuts, I guess Rwanda, Egypt, or two that stand out, Kenya. Okay, next bullet question here. Most beautiful women. You've encountered, you had to pick three countries. Where were you blown away? And this is just pure physical beauty. Don't factor in anything else. I'll ask that as a second question about sanity level, but just raw shocked when you got off the airplane. What's the three places? Russia, Indonesia, perhaps Colombia. Okay. I mean, Russia, I think you could put that into category. You could say the numerous Slavic countries. You could say Serbia also, but yeah. So overall, I have a new course that I launched called 13 Thesis. It's kind of a community, a tribe where we help people find long-term mating. It's a science of sex and long-term mating. And so let's factor in the sanity level, emotional stability and beauty, not just physical beauty, but also somebody you would consider having kids with. What are those three places? Are they the same places? Or when you add that factor, does that change the equation? My wife is really, while being growing up in Moscow, it's really Georgian and ethnicity is really Armenian. And I would say Georgia and Armenia are probably places that are old school, but maybe not quite as old school as we talked about earlier. Karnashians. Karnashians. Well, they're not the flagship for Armenia, yeah. You have the intelligence, you have the worldliness. I mean, people in that part of the world, there's a worldliness, which is why we've done a lot of hiring in that part of the world. There's other inexpensive places, and we're not necessarily paying people low salaries after a while. But I think that could work. To have kids, I mean, there are places in Asia, I mean, is Indonesia, I think it obviously depends on the person. There's a lot of people in Indonesia and the Philippines, they're just kind of like, I want a simple life. Just buying a motorcycle, that's all I ever dreamed about. Probably not what you and I want to have kids with. I think Eastern Europe for someone like us probably does that, it's Georgia, it's Armenia. That's probably, but I mean, you could, again, have a friend, his wife is Venezuelan. I mean, absolutely top notch on every level, but I'm saying kind of the number, we're going by the numbers. Thoughts on Bali. It's been over one, it depends where in Bali. I'm a city person, I don't have a huge tribe, and I feel a little bit of a place there. I don't like the good vibes bra kind of thing. I think that covers up other issues people have. Beautiful place, I think there's other places. Once everyone knows about it, it's probably too late. And I think if you're trying to build a huge business and you want to build an empire, you're probably going to fall into a bit of a wall of shame there where people are going to tell you to relax and chill out. And for me, that's why I left the US because I was 21 and starting a business and starting to become relatively successful. And girls were like making fun of me because I would wear a tie. And that's why I wanted to dress. Yeah, I still don't want that. And so I went to China, for example, and girls were like, oh, that's incredible. You should be 50 years old in starting a business. I think that the people you'd hang out with in Bali, if you're trying to build the 29 and a half million dollar business, and by the way, had a guy come to one of our small group events, client events, many, many years ago, he said, you're never going to build a hundred million dollar company living in some of these places. He said, even here in Kuala Lumpur, I think our company could be somewhat close to that. And I've spent a lot of time in Kuala Lumpur. Maybe I haven't seen a level of dedication that most people don't, but I think Bali would be harder. Warren Buffett proved it wrong. Everybody said you had to live in, you know, be a banker in New York is that I'm living in Nebraska. That's where I all live. Brains and strategy can trump many things. What about the city of London? If you wanted to be in a major Western city, would you ever recommend anybody be in London, UK? I think you've seen people talk about how it's less safe. I would go there. Here's the challenge. Last year we had Nigel Farage. I said, you guys did Brexit. He was at our event last year. I said, you guys did Brexit and then you shut off all the entrepreneur and investor visas essentially. So unless you're Irish or a British citizen, it's going to be very hard for you to move to the UK. It would have been a consideration. I think Ireland is better for a place to live. I mean, I don't know that they want people like us. If you had to be in the US, what city are you going to be? For whatever reason, hypothetical, you've got to live in the United States majority of the year. Where are you going? Two cities. If tax doesn't matter? Tax. Yeah, let's double the take of the US as it is now. All factors. But for whatever reason you had to live in the US for the next two years, straight two cities. I don't know about Texas guy. And I feel like Austin has kind of been overrun by LA or San Fran or even here. I guess I'd probably go to Miami because I'm closer to Europe. You could date all the, I mean, I wouldn't be. You would be. I would enjoy being around the Latinas. But I guess I'd go to Miami. I think for me, part of why I like, well, it's not tax friendly. But listen, I don't think the state makes a huge difference. I think all these guys who are moving to Florida to save 7% are lying to themselves because you're not saving 37.6% plus Social Security, plus Medicare, plus this, plus that. I'd go to Boston. And I know that there's nobody like, I mean, Kevin O'Leary, I guess, was there. There's other people who are there. I would enjoy a bit of intellectual pursuits. DC is a smart person city, too. DC, everybody spends smart. You're a crats, man. No, not those. It's the people who come and are sent there by their country. Every country in the world sends brilliant people to. It's an underrated city. Although, like you said, you got the swamp. So last question here, sorry, I have two questions that are super important that I ask everybody, and then we're gonna end here. So take a second to think about this first question. This is two to five minute answer. So not super short, but not super long. What is the most important lesson or lessons you have learned about creating income, multiple streams of income, financial independence and wealth, specifically making money? You have a very successful, profitable business, nomad capitalist. If you were passing this on to your children and you got one two to five minute speech to them, what are you saying specifically on making money? Well, for talking about what I would tell my children, it's what I've thought about in the context of what I ever saw in my business. So I don't have children, but I imagine I saw my father working hard and I worked hard and that's what got me where I am. We are still to this day refining things where we did a lot of hard work, but you need a bit more analytics. You need a bit more of this. You need more of that. I know that you're very strong at that. I struggle with how I could raise children and try and tell them, you know, for 20 years I really toiled like a dog. But now, you know, like, dad, you're just sitting at home all day. Like you're not really doing anything. And you look at this beautiful house we live in. I used to work hard. Come on, I don't know how you would teach kids the value of hard work. I think it's all it comes down to. Now, my father once told me he was like one of the top guys in his asset management firm. And I'd say, why do you have the corner office? And he would say, well, this guy over here is a better salesperson, but he's just such a difficult guy to get along with and the talent alone doesn't get him there. The hard work being humble gets you there. That's what I think is a big percentage of the equation. I think obviously skills can be acquired, talent is overrated. I mean, look at our company. We've hired people from the corporate world. I mean, I don't know how these corporations make it with some of these people, honestly. I think it comes down to just a lot of repetitive hard work. I mean, look at our, look at when you say where do you send people to know MediCapitalist? You're everywhere. I mean, you're more everywhere than we are, but compared to most people, most people are like, I'll just start a YouTube channel. I said, we gotta do everything. And it's been exhausting at times, building out that team to do that. But it just for me was always do more. And so in terms of building income, that's what I would suggest. I think before you master multiple income streams, I mean, you wanna master one. So get that one that goes to then fund all the other ones. And I think that lastly, you've got to control how much money you keep. I see all these guys on YouTube and they talk about, I'm the $100 million CEO. What does that mean? Does that mean your company's revenue over the last 10 years is $100 million? I mean, that doesn't really tell you much because you talked about 15% margins for some of these businesses. That scares me by the way. Get your margins higher. I mean, get your margins to 50%, not 15%, 60%. I mean, you gotta keep more of the money in the business, but then you've gotta keep more of the money on taxes. I mean, I look at, there was a guy on YouTube, he bought a private jet for a tax loophole. Never make inorganic decisions to save on taxes. Rather control your circumstances to fit where you wanna be. If I wanna buy a jet, I buy a jet, but I realize, you know what? I don't wanna buy a $14 million jet. I just don't, I mean, I guess I could buy it. You could afford to buy it more than I could, but I just, I couldn't justify it. And I don't wanna be forced to justify it because I'm getting half of my money away. And so I would follow the hard work and humility strategy. I would try and have a business that had high margins. I would not go into manufacturing, you know, I don't know with some widget that makes three cents on the dollar. And then I would focus on, if I can keep 40% of my money that's going in taxes, I'm gonna be able to reinvest that and I'm gonna turbo charge my results and blow past everyone. That's fascinating. That's a great framework of wealth. High margins, hard work, and then reinvest for hyper growth. That's good. Yeah, that's good. So last question, then we'll wrap up. I ask this, any smart person, I mean, let's say you decided to take the next jet, or I should say spaceship to Mars with Elon Musk. This is your last day on earth and you wanted to be a mentor to the world, to the people you love and you leave behind. What is the, you know, five minutes? What do you say to them? And this does not have to only be about money. This can be, you know, health, wealth, love, happiness. What are the things that you've learned on this earth that you would want to pass on as a mentor of sorts, a five minute mentor to the world as you stand on the rocket ship getting ready to go into the door? Again, our five magic words are go where you're treated best and people think, oh, he just talks about paying less in taxes. Let me tell you that's important. Just as I'm sure you do. People come up to me all the time in all different places all around the world and say, I've inspired them to do something. People come to our live events, had a guy last year. I went to Columbia because of you. Was a little bit older, a little bit older guy. I met the love of my life in Columbia and they've been married for a couple of years now. And I got at 12 years old a permission slip of sorts from my father when he told me, don't think you have to stay in the same city, the same state or even the same country to take care of your parents when they get older. You should go where you are treated best. And he was a big believer. We talked about it around the kitchen table from the time I was 12 or 13 years old. West would not be what it once was. There'd be more competition. The West would not be as significant. We've seen that playing out in the margins. There are fewer people are holding money in US dollars, et cetera, et cetera, et cetera. Now, all my friends felt they had to stay where I grew up because that was the right thing to do. That permission slip allowed me to live without regrets. I've done things, maybe I wouldn't do again, but I don't live, I don't do regret. I think too many people are letting other people live their lives. And I've been on the phone with guys who are crying because their girlfriend doesn't wanna move on this allegedly tax saving journey, but for them that it's an adventure and they wanna see the world and they wanna see what's happening. And the girlfriend or the wife doesn't wanna go and they're not sure what to do. And I think too many people are letting everyone else, especially entrepreneurs, shame them, ask them questions like, why do you care about that? And they're letting it get into their head. I think entrepreneurs, I've talked a lot, they're some of the worst, we are some of the worst at this. Well, we're so different than most people and people can shame you. And so go where you're treated best for me was if you wanna go, if you don't feel like you have the social opportunities where you live, I think it's a geographical solution to every problem. It's not just about your money, it's about happiness. It's about society you live in, it's about health in some ways, healthier culture, but don't let people hold you back by saying that's not possible, you shouldn't do that, but what about your family? Listen, maybe you don't wanna do the stuff that we're talking about today, but however you apply that, go where you are treated best, not only physically, but the people you surround yourself with, the opinions you let into your head, and the more of a change maker that you are, the more you're gonna have to push away opinions from people who quite frankly don't understand you. They literally don't understand. You should go where you are treated best. I love that, I love the, almost every problem has a geographical solution. That is an underrated statement. Well, Andrew, this was amazing. I hope to have you on again. For those of you listening, make sure you go study, this show notes, the links, Tylerbiz.com slash Andrew podcast. If you wanna specifically get a ticket for the event, you can go to Tylerbiz.com slash Nomad, but thanks a lot, Andrew, and this was amazing for those of you watching where you can comment like YouTube. Leave a comment on the one golden nugget you took away from this so that other people can scan through and know this is worth listening to. So if you're on podcast, leave a review and mention this podcast episode. If you're on YouTube or Facebook, leave a comment on the golden nugget you got. Thank you, Andrew. Thank you, Ty. Pleasure.