cover of episode How to LEGALLY Pay Zero Taxes, Leaving the USA, and Obtaining Multiple Passports | Andrew Henderson

How to LEGALLY Pay Zero Taxes, Leaving the USA, and Obtaining Multiple Passports | Andrew Henderson

2024/4/4
logo of podcast Growth Minds with Sean Kim

Growth Minds with Sean Kim

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Shownotes Transcript

Andrew Henderson is the founder of Nomad Capitalist and the world’s most sought-after expert on global citizenship.

In our conversation, we discuss:

(00:00) Introduction

(00:49) Why Andrew decided to give up his US citizenship

(10:30) Signs that the US is becoming a failing empire

(16:24) Criteria for choosing where you should live

(22:25) Why $2 million is the magic number before leaving the US for exit tax

(28:00) How to legally avoid paying taxes (and why the 183-day rule is often misunderstood)

(35:00) Top countries that are tax-friendly

(40:30) Why Andrew decided to buy properties internationally (and why it wasn't an investment decision)

(48:00) Pros and cons of relocating your business internationally

(54:30) Where are the best places to start your business internationally

(1:07:30) Biggest lessons Andrew has learned in building wealth from advising millionaires to billionaires

If you enjoy the podcast, subscribe to get notified for future episodes: • Spotify: https://bit.ly/growth-minds • YouTube: http://bit.ly/38bZNAY • Apple Podcast: https://buff.ly/2PycRL1

Past guests on Growth Minds include: (Rich Dad Poor Dad), Daniel Pink, Dr. William Davis, Doctor Mike, Lewis Howes (School of Greatness), Tom Bilyeu (Impact Theory), Andrew Yang, Dr. Paul Conti, Charles Hoskinson (Ethereum), Dr. Drew (After Dark), Jo Koy, Jordan Belfort (Wolf of Wall Street), Gad Saad, Adam Carolla, Louis the Child, Vishen Lakhiani (Mindvalley), Bret Weinstein (DarkHorse Podcast), James Nestor, Dave Rubin, Scott Adams (Real Coffee with Scott Adams), and more.