Get Paid to Be a Digital Nomad

[@revivahealing8437]

Having to buy a house in one of these cities kinda takes away the purpose of being a digital nomad.

[@raingodbeats8895]

😅 facts

[@alendryaldimera]

Lol!! You're right!! The title of this video is misleading. He should have used the term "remote worker", which implies you don't have to commute to an office every day, instead of the term "digital nomad", which implies you don't plan on staying in one place very long.

[@JS-jh4cy]

Air bin it they trash it so you can have write offs a year later to fix it up

[@evanderb7175]

True

[@codyge18]

Until you sell it for a profit

[@kojirosasaki8129]

I live in Rochester it's awful. 44 homicides by June 1st. It's ghetto asf. The government pays criminals bills so all these criminals get out to the suburbs and rob the areas. We had 2 cops get executed. If you want Black's to commit crimes and be released just come to Rochester. Our mayor cheered on blm while they burned down our city. The black on white violence is insane. Gangs call it poplar bear hunting when they go around beating up old whites Asians and Hispanics. Plenty of my clients get their houses robbed even couple held at gun point. 14 15 16 year Olds with illegal guns

[@lucysnorebush964]

That world majority group does that wherever they go. Simpletons will blame it on education or "economics" , but their IQ is still low and crime still extremely high in the highest income areas. Do not respond to me to point out rare exceptions, it's not my fault if you can't understand elementary math.

[@opajohn5116]

As long ago as 1994 the cops there told me to run all the red lights through the city to get out as fast as I could. Big white van, whitey folk, big target. Pathetic and sad even then. Imagine it’s much worse now.

[@kojirosasaki8129]

@@opajohn5116 wow really. They could be more honest back then. In the suburbs now there's a bunch of over doses too. Rochester used to be nice but after the 80s business left. We have good food and beer. If you go towards the edge of Rochester suburbs it is safer. The city is a dying city.

[@melisherwood5300]

I was on the phone with the Canada Revenue Agency the other day inquiring about taxes should I decide to become a permanent resident elsewhere and I was shocked to be told that the CRA takes 25% from all my retirement income. I asked if I had to fill out a tax return but was told no it is not necessary but optional - in either case the government snags their 25% right off the top. But if they owe you moeny and you don’t file income tax, you will not get your refund - however, the government has no problem with that. What a racket!

[@mtw23]

Thieves!

[@Desert_Rogue_Tanker]

Move out of Canada

[@melisherwood5300]

@@Desert_Rogue_Tanker I AM out of Canada; those are the obligatory taxes for non residents.

[@Desert_Rogue_Tanker]

@@melisherwood5300 oh

[@sturgoncomp07]

@@Desert_Rogue_Tanker he is right, and yes Alberta has the lowest tax

[@alendryaldimera]

That article he was reading from has been out for a little while. I remember reading it. I actually thought about moving to West Virginia for one year in order to snag that $12k in cash they'll pay you. It's "free" money, right? Wrong!! I calculated the cost of renting a U-Haul for approximately 1000 miles, plus gas for the U-Haul, plus the estimated income tax I would pay West Virginia for that year I would be living there, would be more than $12k, thus a financial loss for me and a gain for West Virginia. No thank you.

[@rhuttrho88]

Put your stuff in storage! 1200 for the year probably!😁😉

[@roderickballance6960]

All American Cities still have one major problem: The Imperial Gouvernment.

[@taxthesocialist2602]

Makes sense. City dwellers tend to be extremely left-leaning in America. Massive population centers always favor overreaching governments. Just look any major European city. All trash since they turned to leftism.

[@brianhalljr615]

It so imperial it’s crazy it’s called freedoM

[@angelofamillionyears4599]

Thanks Andrew !!

[@loretagurakuqi6950]

Awesome! your potential seems limitless. I'm fascinated with investing but being a single mother and juggling all these things are quite difficult. How best can I start and what sector to engage in?

[@loretagurakuqi6950]

@Bryan wow! do you think you can give me some advice on how to invest in a healthy way as you are doing? please

[@loretagurakuqi6950]

@Bryan Thanks for sharing, just looked up on google and I'm super impressed with her credentials. I dropped a massage on her webpage and hope she replies soon

[@Benjaminmac]

Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

[@patsnew8422]

Am not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turns out to be lucrative for me and Personally I have multiple streams so I just enable the use of an investment advisor to navigate and secure the returns.

[@christopher8633]

Woah, Though this is the first time i would be reading comments about my financial advisor Ms. Melisa on KZbin comments and it is quite a memorable insight

[@daveortiz99]

I already did my time upstate.

[@aggierowe9574]

👍

[@blockavelli]

Well at least these cities are trying, I’ll give them that.

[@ausheat]

Well said. I respect that

[@alendryaldimera]

But they're not really trying. They're counting on the fact most Americans are financially illiterate. The $12k from West Virginia (for living there one year) is the highest cash award. Most of the others have lower cash AND you have to buy a house. If you add up the cost of moving from another state, plus the estimated income tax you'll pay the new state, plus the estimated property tax you'll pay the new state, you'll almost certainly be paying them more than they're paying you to move there.

[@jwhan8615]

I went to college in Morgantown, WV and houses there are very expensive due to it being a college town. Its nice when school(WVU) is out but when school is in session the streets are bumper to bumper and its crowded everywhere. During football games don't plan to go across town unless its during the game as traffic will come to a standstill for hours.

[@trinebula]

Mattoon IL is doing the same stuff. It's home for me but it's desperation too

[@sturgoncomp07]

How so? My family is trying to flee Canada

[@trinebula]

@@sturgoncomp07 to answer your Q they're offering 14k in gift cards and rebates, most are offered by businesses, it's not taxpayer funded

[@tonynes3577]

Just in time for the cold winter , no Sun, in the USA. No Thanks. OMG Montpelier VT. ?? Depressing! BUT, Vermont is close to Montréal Québec Canada and if you visit there often, you are certain to have a great social life in Montreal.... But Definitely Different country for me.

[@evanderb7175]

That was excellent.

[@petergumbrill1898]

I miss the theme music, specially the older earlier version. - Needs to come back please.. :-)

[@informationcollectionpost3257]

Starting watching your videos because the lure of Panama as a retirement country sounded enticing. What I keep finding put is that many places don't have the mobility options, consistant and stable electric power grid, or in some cases an internet system comparable to the USA. I don't have to have a really warm climate but if it's cold then I like it to be dry so that I can travel or drive places safely. Where I live now, it gets one ice storm after another throughout the winter months. The cold is fine but ice is not something I want to deal with. Taxes, everyone wants to avoid taxes especially on retirement income, but I like my creature comforts plus I have to sell my wife on this move if she allows me to move. Many times Wyoming or northern Nevada sounds better to me than moving over seas. ( no taxes, cold but dry) We are not big city people and enjoy the out doors and gardening too. At home most of our entertainment is the internet so if someplace has bad internet then there is no way we are going to move there.

[@celtosaxon]

SW Michigan is referring to the St. Joseph / Benton Harbor area. St. Joe is a desirable place - nice downtown, nice beach.. many retirees, tourists.

[@limitedtime5471]

I looked up Rochester's plan, family lives nearby. It's only for people with full time remote jobs. Nothing about entrepreneurs, which makes sense as $19k isn't such a great incentive unless you live hand to mouth

[@oxirosmusic]

They did the same in Bentonville, AK

[@coachpeterwilliam]

Bravo, we’ll said!

[@nomadcapitalist]

Thank you, Peter.

[@protasiocanalita6436]

Keep it sir,you are going to need it in the long run ok?

[@jeremyleonbarlow]

I think if I move anywhere it will be either the Algarve in Portugal, or Buenos Aires in Argentina. The most likely scenario is Portugal followed by Argentina after obtaining citizenship in Portugal, but I will probably be in Argentina some of the year on a tourist visa, Uruguay also on a tourist visa, probably a residency permit in Paraguay and probably a residency permit in Mexico with a rotation. Chile, Peru, Ecuador, Panama, Costa Rica, Colombia, and Brazil may end up in the mix some of the time too. Why Portugal first, because if operations are structured correctly, I could probably cut social security taxes in half, despite the higher topline rates in Portugal, and reduce the income tax by as much as 90% or more.

[@metaphy]

Interesting. You have a contact ?

[@jeremyleonbarlow]

@@chrisd7733 my understanding is that unless you were a native born citizen of one of the Ibero-American countries it does not impact the speed to citizenship in Spain. I don't know that I would pursue Argentine citizenship regardless because if they were to change the laws to take advantage of CRS to implement a citizenship based global tax which some Argentine politicians have discussed, you cannot renounce Argentine citizenship. I think Buenos Aires would be a place that I would want to spend time in with some regularity likely as a tourist, but honestly everything I have seen about the Algarve leads me to believe it is a place I would genuinely want to live and I think I could structure business affairs in a manner that would allow me to keep taxes to a very low amount while obtaining citizenship there and for a few years subsequent with the benefits of the NHR & Simplified Regime. Argentina would be somewhat harder to minimize taxes if one were to be resident there. After obtaining Portuguese citizenship I might want to pursue residency in Uruguay or Paraguay while visiting in Argentina, but it's not a place I would want to reside while maintaining a US passport because there is no totalization agreement and no DTA between the US & Argentina. Yes it takes a little longer to become Portuguese, but of the Tier A passports it's the one that you can get residency with the least money via the D7 and it is the one with the best tax minimisation with the right structuring.

[@rebeccagutierrez1960]

@@chrisd7733 Many Argentinians are trying to move out of Argentina. No wonder they'll give you citizenship in 2 years because nobody wants to be there.

[@frankmosses9121]

Iola Kansas, a great place to be from. Armpit of America. Housing cheap, if you don't count the fact that it's a huge welfare rate, drugs , crime , and corruption. .. but hey it's a small town in tornado alley what's not to love..

[@frankmosses9121]

@@anonymousdonor8084 no the popo is so corrupt it ain't funny.

[@donh5794]

I would recommend it to a few people I know.

[@tstcikhthys]

"Undisclosed" lol. I don't know if I'd want to live in West Virginia though, which I guess explains the high cash offer. BTW, _kilometres_ rhymes with "nanometres", not with "thermometers" (because it's a unit and not a device).

[@Useless_Knowledge07]

The more information we have the more we can plan and decide from.

[@pattimurphy5151]

I'm trying to get out...maybe EAU/Dubai?

[@kathrynsinclare8459]

This is all good food for thought. Thanks!

[@timlinator]

My dad was born in Ireland so I am Irish/EU citizen in addition to US citizen. My spouse was born in Taiwan so I can get a spousal visa. Also I am freelance application developer working 100% remote and would like to move to Europe or maybe Taiwan. Any recommendations?

[@Torbell]

Sounds like a better question for r/iwantout on Reddit

[@Global-livingg]

Both aren't the safest places geopolitically right now, but taiwan is a fantastic country - a bit anti-social if you're a foreigner who doesn't speak chinese and work remotely though.

[@timlinator]

@@Global-livingg Is there any place that is safe? Maybe New Zealand?

[@Global-livingg]

@@timlinator South America is will probably be mostly fine, but they always have issues with crime/violence, particularly if you're careless or make yourself a target. Thailand and SEA is largely on it's own and minding it's own business, has plenty of food and resources, luxuries, and is very safe, that's where I'm basing myself out of the next year or two. New Zealand would be good as well, or one of the Russian satellites like Armenia or a central Asian country, but in those places life is quite hard.

[@stargazer5073]

Why isn't Vegas doing this to attract workers????

[@stargazer5073]

Ok where can I move that has same weather as Santa Barbara?????

[@mva6044]

Andrew, I think you were confusing southEAST Michigan (i.e. Detroit) with southWEST michigan around Grand Rapids, which is a super fast growing area & quite an attractive place to live, from cost-of-living and lifestyle perspective.

[@Wise.Wealth.Wisdom.]

I lived in Newton Iowa for a while. It is the washing machine capital of the world because that is where the Maytag world headquarters is Located. Also lived in Indiana and Michigan. You have great videos I always enjoy them also enjoy the information in your book. Thank you.

[@realBobToms]

Hi Andrew. Thank you for the information as always. Btw, UAE does have a tax; Value Added Tax (VAT) on a wide range of products and services. it was introduced about 5 years ago, and it isn't as high as the EU or the UK, but it's still a tax. Also, there are more benefits for being a citizen of UAE (and perhaps other Gulf countries) like faster and cheaper Internet and electricity. These are small considerations, but still considerations if you want to move to UAE. I am sure that a person with high wealth and/ore earnings potential wouldn't be too bothered by these small considerations.

[@alendryaldimera]

Andrew is referring to income tax, not VAT or sales tax.

[@Thatguyy7439]

Brilliant video. And props to those cities for trying. That’s a good sign even if it’s a bad product.

[@alendryaldimera]

But they're not really trying. They're counting on the fact most Americans are financially illiterate. The $12k from West Virginia (for living there one year) is the highest cash award. Most of the others have lower cash AND you have to buy a house. If you add up the cost of moving from another state, plus the estimated income tax you'll pay the new state, plus the estimated property tax you'll pay the new state, you'll almost certainly be paying them more than they're paying you to move there.

[@hemantparakh6462]

I am a Nomad of 303 Wax Cylinders, 606 Wax Cylinders and 909 Wax cylinders so kindly suggest a suitable plan for me to move out

[@KP99]

What options does Greece provide for English speakers? I would love to live there, but it seems difficult to integrate with the community if you don't speak the language.

[@EMVelez]

You’ll find many English speakers in the well traveled tourist areas. Athens, etc.

[@rhondacosta160]

I know you work exclusively with people with a lot of cash but do you take paid consult calls to answer a few questions?

[@rhondacosta160]

@Hellig Usvart dont worry ;)

[@froufou100]

I would like to know the answer too!

[@alendryaldimera]

I don't believe he does, but you might find a more definite answer on his website.

[@kristie9146]

I'm surprised Tulsa, OK wasn’t in this list.

[@EastWing411]

Telling me that a city has to pay people 20K to live there is hardly a recommendation in my book.

[@lqla4837]

Any ideas on a digital nomad career for someone just getting into it where you can work 3-4 days a week? Any quick certification programs or something? Thanks

[@ln6593]

Yeah I am curious too. 3 or 4 days sounds great.

[@JonathanWrightZA]

Hi Andrew and Team Could you do a video on nomad medical insurance and chronic issues? You've spoken about the former a bit in other videos, but not so much about the anchor-like effect of chronic conditions where you often need to take monthly medical deliveries. I ask as a potential nomad (100% remote software employee), with a chronic condition (MS), and interested in starting the nomad capitalist lifestyle in a year or two. Thanks

[@stevenuniversal432]

Andrew, you should move to Miami . . .

[@sidhusingh6811]

which country have lowest tax on crypto ?

[@theretroman3862]

Thank you so much! Invaluable as per always!

[@wanderlustandhungerpangs]

Yikes, lousy options. It would be hard to find 5-star in any of those places I think...

[@Useless_Knowledge07]

Hit the thumbs-up, share far and wide!

[@HeritageCast]

@Andrew Lots of people moved to Serbia as Digital Nomads. Please do a video on the current Freelancer Tax.

[@velocirapture89]

You could not pay me enough to live in Rochester, New York!

[@taraelizabethlivinglife4094]

Great information as always. Also, I live in southwest Michigan and I would highly recommend not moving here. I am currently setting up my life so I can leave.

[@bahamajnr]

I want to become a nomad

[@opajohn5116]

If I had 2 million in retirement accounts and plan to retire next year, how would I lower my federal taxes on required minimum distributions by moving from the USA to say, Portugal or Spain or the Bahamas?

[@alendryaldimera]

I don't believe you can lower your federal tax on that. The R.M.D. is coming out of a U.S. account, and is thus U.S. income.

[@cerbico12]

Oh it gets even worse. With the Biden build back better plan...he needs more cash to pay for student loan forgiveness, more windmills and more IRS agents.. beginning in 2028 retirement accounts are capped. If your aggregate retirement accounts are over 10 mill you will have to take a mandatory RMD no matter what age you are to drive the account back under 10 mill.. courtesy of Joe and Senator Wyden.. They changed the rules at the end of the game.

[@hahandroo]

Tulsa Remote?

[@lifewithmargot]

If I could bring my dogs without quarantine or other hassles I would definitely seriously look into moving countries!

[@fillername458]

The quarantine depends on the nation you are going to. Some have a mandatory quarantine and others don't. However some that do require it allow you to quarantine the dog at your new home of residence. Like Echo said though some also have a pet passport.

[@TheArtistFormallyknownas-Jess]

Many countries do not require quarantine anymore.

[@lifewithmargot]

@@TheArtistFormallyknownas-Jess oh that's good to know thank you!

[@lifewithmargot]

@@fillername458 that would be great to quarantine them at home! xoxo

[@dcleinad]

That Uhal joke! OMG 🤣

[@frankwhipple4813]

Sounds Great! What’s the best state to live in for the lowest taxes?

[@jimsalmon5158]

I live in Alabama and the taxes are pretty low and the people are friendly. That said, it’s hot, humid, and there’s nothing to do here.

[@micco6020]

Video idea Andrew Open. NYT says people are moving to cdmx from san fran to save money. Blah blah blah. "Say you dont want to give up your us citizenship but want to live cheaper, by living overseas." If you live elsewhere but your legal residence is California, you living expenses are less, but your tax burden is high. Move overseas but first move your legal residency to x, y, z states and you still live and work in cdmx with a US job but your tax burden is reduced. The California total tax burden is x percentage for 6 figure income versus x percentage in Tennessee or whereever. I think this video would go viral and anyone willing to move overseas to work would be inclined to consider your services and save enough money to afford them, and be adventurous enough to start their own business. Mention maybe 🤔 (this is beyond my knowledge) if you initiate your small business in Georgia, Estonia idk that you simplify your life if later you do choose to give up your citizenship.

[@micco6020]

Second video idea. If that one goes viral, because everyone is daydreaming about the news articles about living in cdmx working remotely in the USA. General idea, if you want to start your first small business as an entrepreneur, consider opening it in these countries x, y, z to avoid any problems if it becomes majorly successful and you decide to give up your citizenship to be a nomad. Your business is already established, and the tax strategy and associated issues doesn't have to change. Most new small businesses don't turn a profit at the beginning anyway, so while you are a US citizen you're benefits and liabilities don't matter anyway. I don't know about tax laws personally, but do you have to take income or salaries out of a small business overseas or can you just reinvest all profits and to the business and not have any income from it at all before giving up US citizenship even if it is a six-figure business. Obviously I don't know what works for you on KZbin or the strategies for businesses but this could just be a brainstorm idea for your staff to chew on

[@TheSoaphippo]

I live outside Newton Iowa I’m going to retire at 51 which is 4 1/2 years, ironically enough I come from Noblesville Indiana which is extremely expensive up there

[@rharris22222]

I really enjoyed living in Newton in the early 2000's. The town is pretty plain but I had some good friends from church and had a great time hunting and fishing. Left when Iowa Telecom sold out and got rid of the IT people.

[@comedytube4879]

i LIKE THES JOB MY DREME IS TO BE MEMBER OF nomadcapitalist TEME

[@mariadelourdesaniessanchez9731]

I feel the job 1000 hours every day

[@bryanpeart]

I don’t know about West Virginia … lol but i can guarantee Rochester, NY, which has zero redeemable qualities, is like Detroit - dying.

[@joebidet2050]

I am worth 8 figures... In Chilean pesos 😆🤣😂

[@gutsandgrittv5076]

😂

[@net2dev]

lmao hahahahha

[@cristiancebotaru5896]

Hey Andrew, I have an unconventional question. Couple years ago I met an entrepreneur, very respectful individual, and when we met he just came back from a world tour, spending 1 year to explore the world. Given that at that time I was just about 17, it quickly became a goal of mine :) I would appreciate if you make a video where you elaborate a bit about how taxation works in such a case. Thank you! I appreciate the work and valuable information you provide.

[@TheBeautifulcanvas]

The beach towns in the southwest Michigan region are beautiful. I'm a nomad being wooed by some condo owners with a great lakefront property on lake Michigan. The water is crystal clear here and it's really fun in the summer. However, the issue stands on taxes, healthcare, and missing out on international travel. If you're in your 20s or 30s these local discounts may not be as appealing as traveling abroad. These programs will continue springing up because US citizens are quietly leaving and opting for less traditional living.

[@quinnrivera5075]

Look into Indiana. Michigan City, Beverly Shores, Michiana, Chesterton. Less taxes. The lake is right there. National park near Chesterton. Was going to move there 5 years ago but I didn’t pull the trigger. Nice spot in the world

[@HiddenTruth346]

As soon as he said American cities. I lost interest...

[@prettybrwneyez7757]

Same

[@charcrow]

Hi Andrew. I would love to hear you talk about options for working internationally. I have a startup company but we are likely a couple years away from launch and even then there are no guarantees. However, my wife and I would love to move today. In my particular case I’m a senior business analyst for a Fortune 500 tech company making about $150K. We have remote positions but the company says for legal reasons that they cannot allow you to remote in from outside the U.S.

[@HeritageCast]

Puerto Rico, US Virgin Islands, Guam, Saipan, are all options and no Federal Income Tax. Also if you are already making that kind of money. Set aside cash for a fancy resume, and pay a head hunter to get you a job at any of the Big 4 Consulting firms or name your global bank. And now ur set free.

[@lindadorman2869]

I cannot, for the life of me, understand why anyone still wants to live in the US. I was born and raised in America, have been to almost all states (except AK & HI) over the last 60 years and none of them tick my boxes. Too expensive, high taxes, crappy weather, dirty, crime, guns, violence, homelessness, crazy/stupid/arrogant people, politics, you name it. Thanks, but you can keep it.

[@prettybrwneyez7757]

This! They can keep all of it!

[@dougscott188]

I wish the state of Florida would pay people to leave 😆

[@rebeccagutierrez1960]

🤣

[@Imhim247]

I would like to work for digtal nomad and make a good living in other country. I have to want it😊

[@mariadelourdesaniessanchez9731]

The CHALLENGE the people because no money

[@maxkelter3561]

Go for all the gusto. Two passports, lower taxes, and a place where you would desire. Good tips Andrew.

[@mayoman1003]

20000 is peanuts

[@SawsanCharif]

Too bad that you only help 7 & 8 figure entrepreneurs.

[@alexinthemiddle4170]

1st comment. If everybody was a digital nomad, the world would not function as it does now lol!

[@globalgogetter4469]

Good

[@xrunner55]

Thats not necessarily a bad thing.

[@anthoni-yh9ts]

key word in your comment "IF" . we both know that will never happen so your comment doesnt really have a point my friend

[@alexinthemiddle4170]

@@anthoni-yh9ts actually it does, it highlights that the world does not operate according to what we all want, and that those who are living a lifestyle they dream of, are doing so to some extent at other people's expense!

[@anthoni-yh9ts]

@@alexinthemiddle4170 lol bro i really dont know what you going on about . you saying "if everybody was a digital nomad " is the same as saying "if pigs could fly" they both can never happen so again your comment has no point , thats it. it has no substance smh

[@warrenr.johnson7990]

I think you can make your point without knocking US cities.

[@traderzw5185]

This is showing they have massiv issues. Nothing good about that in my opinion haha😂

[@lucysnorebush964]

The US is a shithole. I live on an island on the beach in a high rise in the best area off the coast of Florida. I was in the Marines. This place is going down.

[@jdp0359]

I have never in my life heard a guy talk more and say less!

[@robertgavrich286]

A master of clickbait nonsense.

[@Kristoferwitha_k]

Lol I think you could save that much just moving abroad

[@anthonygato407]

haha 5k..... h'okay

[@teeI0ck]

🙏

[@zincminus3793]

👍👍👍

[@arrivedp]

Washing machine capital of the world, LOL.

[@rohaiyahrahim8334]

Wau.

[@anafernandes225]

👍

[@mofo9900]

old news Andrew.. those progams run out of money real fast

[@simplyemily8251]

I’m surprised they didn’t offer to buy my ovaries too…….

[@TimeIdle]

WTF would want to live in these place anyway? Not me. :)

[@tarjeik7162]

Hogwash….if you wanna be a ‘digital nomad’ you dont live in one location

[@loafandjug321]

You're ruining millenial logic.