Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments
by Andrew Henderson
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Rich Dad Poor Dad author interviews Andrew Henderson via video
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The legendary Robert Kiyosaki interviews Andrew Henderson about how to diversify assets internationally and find financial freedom in the process. Henderson says he chooses his countries based on the question “Where am I treated the best?” This answer may be different depending on the topic, whether it’s dating, taxes or banking. “Choose from the buffet,” is another of his mottos, meaning don’t limit yourself to a single country.
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Author speaks in-depth about wealth-generating mindset
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The author goes into detail about mindset, which he says is the key to making you wealthy. If wealth is your goal, Henderson says, it needs to be your top priority, even over things like dating. His quick tips: focus on goals, not numbers; take more risks (a tip he credits to earlytorise.com; rely on yourself; set targets; increase your active income; save more than you spend; live rich (enjoy your money); diversify.
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Author describes book & shares personal pics of nomad lifestyle
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Cleveland, Ohio native Andrew Henderson shares photos from both his childhood and his current globe-trotting “nomad capitalist” lifestyle. He describes his motivation for leaving the U.S. (taxes), how he executed his plan, and what was the scariest part: not having a mentor. Acknowledging that it’s not easy to abandon your home country, he also offers encouragement, noting that places that were third-world countries two decades ago are now appealing destinations. His book is meant to act as that missing mentor to aspiring nomad capitalists.
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Author explains “five flag theory” in talking-head format
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One of the author’s mottos, learned from his dad, is “go where you’re treated best.” He says, however, that you may be treated best banking-wise in one country and tax-wise in another, and that it’s necessary to diversify. The “five flags” represent citizenship, residency, banking, business, and assets. Henderson’s book is meant to help aspiring nomad capitalists find the right place, and the right way, to plant each flag.
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