How to Be Fabulously Wealthy

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Nomad Capitalist

Nomad Capitalist

Күн бұрын

Пікірлер: 205
@urbancornbread5500
@urbancornbread5500 Жыл бұрын
Andrew, I love your channel. I was born and raised on nothing. As a young man I moved away, started a business, busted my backside and became very successful. But the older I got, the more I realized no matter what dollar figure you are chasing there is at least 1 more zero just beyond your reach. My conclusion is Fabulous Wealth is something that comes from community. I found it when I moved back home and married my childhood sweetheart and began raising a family. I have comfortably raised my kids, while spending time with the boys at the local dinner every morning. They became interested in investing, we started on penny stocks and now their lives are better for it as well. Dont get me wrong, I'm all about chasing down a good tax break while enjoying another part of the world, but community is where meaning and true wealth is found.
@JacobPAus
@JacobPAus Жыл бұрын
Loved this!!!
@R._L.
@R._L. Жыл бұрын
Ultimately... "Home" is where the heart is.
@andrewcarlson2178
@andrewcarlson2178 Жыл бұрын
Well said
@zayets
@zayets Жыл бұрын
Good family, loving wife, healthy children.
@HelderP1337
@HelderP1337 Жыл бұрын
This
@jujijiju6929
@jujijiju6929 Жыл бұрын
Worth more than any billion
@bl8596
@bl8596 Жыл бұрын
Amen
@senorbullflag7346
@senorbullflag7346 Жыл бұрын
That’s true riches
@australianpatriot
@australianpatriot Жыл бұрын
healthy self as well
@ohcanadaeh
@ohcanadaeh Жыл бұрын
Being fabulously wealthy or rich simply means do whatever you want and whenever you want to. What makes one happy varies from person to person whether their net worth is 1, 5 , 10 or 100+ millions. How much you worth does not determine if you will feel fabulously wealthy or rich. Your example of eating a street tacos vs going to a Michelin Stars restaurant is an good example.
@bstatts93
@bstatts93 Жыл бұрын
Wealth is a mindset. Money is a number. If you are wealthy enough to spend the overwhelming majority your time how you want when you want, in my opinion that is when you have reached wealth. It’s a different benchmark for each of us though. Some that means living high in dubai 247. For others it means work Monday to Friday and spend the weekend on the boat fishing. You decide
@andrewcarlson2178
@andrewcarlson2178 Жыл бұрын
Very well stated
@robthewaywardwoodworker9956
@robthewaywardwoodworker9956 Жыл бұрын
Some of the point to be wealthy is having options. If I want to eat a street taco, I can. I don't have to, but I can, just as easily as I can eat at a fine dining establishment. It's choice, that many people do not have. Freedom is not free.
@farkasambrus5741
@farkasambrus5741 Жыл бұрын
I would say someone is "rich" when they can live off of their assets comfortably (dividends, rental income, business profits etc.) without really having to put in work. Same for wealthy except their assets only provide them a fraction of their income, so they still have to work hard to live comfortably.
@lindonprice2482
@lindonprice2482 Жыл бұрын
Purchasing power, not any number of dollars equals fabulously rich, so like king Solomon prayed, lord give me wisdom, knowledge, and favor- now that’s fablulously rich
@inCARSONate
@inCARSONate Жыл бұрын
I'm the person cooking the street taco that puts the Michelin joint to shame - I don't think becoming "fabulously rich" this lifetime is in my cards.
@cohoking1532
@cohoking1532 Жыл бұрын
You can do it.
@TheSoaphippo
@TheSoaphippo Жыл бұрын
Not actually true, Im a multi millionaire carpenter, investing since i was 18
@dreamwalker3699
@dreamwalker3699 Жыл бұрын
My definition of being Fabulously Wealthy is the ability To do Whatever I want, Whenever I want, with Whoever I want as many Times as I want.
@matthawksworth
@matthawksworth Жыл бұрын
Definition of a deusche bag
@daveabd
@daveabd Жыл бұрын
Well said. Low key and keeping it real. That's the key.
@muckwa10
@muckwa10 Жыл бұрын
Awesome Job Andrew Thank you for Being who you are
@rebeccagutierrez1960
@rebeccagutierrez1960 Жыл бұрын
The other day, I went online "to shop" as I scrolled through the page, I realized...but I don't need anything. God is all I need in my life and the love of my family and friends and I have that. I'm wealthy!!!
@hotrod639
@hotrod639 Жыл бұрын
Thank you for the consideration of others that you possess! You have been a inspiration, And have kept me reaching for the good life even when I was in a homeless shelter! I'm greatful to be on the list, again!
@alf72632
@alf72632 Жыл бұрын
Wealth to me: To have Freedom. 1. To fly private when need it or want it. 2. When able to be an influence or help others. These are examples.
@scoffeyevents
@scoffeyevents Жыл бұрын
I'd say you are fabulously wealthy when you can do whatever you want, whenever you want, for the rest of your life, without having to worry about how to pay for it. That's going to be different for everyone depending on what you enjoy, those that MUST show off with extravagant toys, parties etc will need considerably more than someone enjoying a down to earth approach doing what they love. So nuch 'wealth' is just wasted trying to keep up with the jones' "a fool and his money are easily parted"
@troymills9437
@troymills9437 Жыл бұрын
I'm not willing to say publicly where I'm at in the spectrum of wealth presented in the video. However, I will say I retired early, moved, and live a very comfortable lifestyle in Mexico. I have a couple of thoughts based on Andrew's comments. One, there are a lot of people in this world who are comfortably rich but you would never know it. They don't drive fancy cars, have a yacht, or even fly on private aircraft. I have several friends who are in the $10-$30 million range who live very simple lifestyles. I have other friends who are also in that range but are pushing hard to put themselves into the filthy rich category. "For me", I'd say comfortably rich is just about right. You have enough to never have to worry about money again. You can invest conservatively and still generate enough income to live very comfortably virtually anywhere in the world. Another point I'd like to make is to echo what Andrew said about moving overseas to a location with a lower cost of living to accumulate wealth faster. Young people with work mobility can do that but so can older folks as well. By retiring early and moving to Mexico my net worth has increased at a significantly faster pace than it would have had I continued working and stayed in the US.
@ed7384
@ed7384 Жыл бұрын
Health is wealth
@marshallderriek1858
@marshallderriek1858 Жыл бұрын
I could never be that wealthy because after I have enough to live an ordinary lifestyle I give it away to people I know who are hurting .. for me that's a better use of capital instead of the purpose to just make more .. after the age of 45 I turned my thinking around
@TxGambler77
@TxGambler77 Жыл бұрын
Chris Rock said it best. " Shaquille O'Neil is rich. The man who signs his check is wealthy. If Bill Gates woke up tomorrow with Oprah's money, he would jump out of a window."
@MegaEasyliving
@MegaEasyliving Жыл бұрын
Being financially independent at where you live or what you do constitutes to me being fabulously wealthy. For some it could be one million dollars others it could mean more, alot more.
@albertsaplys8661
@albertsaplys8661 Жыл бұрын
Getting a luxury item like a yacht really is a glamorized way to lots and lots of suffering. Owning a bigger boat was my dream for years. I retired had a little money saved up and bought a forty foot sailboat. The work and the money that goes into
@albertsaplys8661
@albertsaplys8661 Жыл бұрын
Owning something like a boat is beyond anything I ever expected. I owned small boats and had lots of fun in them. So my thinking was a bigger boat will be even more fun. Totally wrong. The people who are wealthy and get lots of big toys are probably trapped by these big things. The fun with them ends quickly but the responsibilities with them just goes on and on until they free themselves of them.
@me2ontube
@me2ontube Жыл бұрын
I know a man that owned several n I'll never forget the plaque he had that said ... the happiest day in a boat owner's life is the day he buys it n the day he sells it 😆
@joaoportugal8618
@joaoportugal8618 Жыл бұрын
@@albertsaplys8661 It's the same with women and airplanes, unless you start a business around those things that can generate some cash flow... Can you use your boat to transport things around the world? Maybe you can have a few passengers sometimes?
@DomsDocs
@DomsDocs Жыл бұрын
Rich is relative. Upper-class in Mexico is lower class in the US. So is wealth vs richness. True richness is being healthy, having freedom to not work, a family, friends that care for you, ability to travel when you want and do what you want. That for most people is substantial. Financially it depends on your own version of success.
@oleksijm
@oleksijm Жыл бұрын
I used to work at the family office of a multidecabillionaire. The guy was asking for monthly reports on expenses vs budgets with explanations about why the jamón on his yacht in the Mediterranean suddenly started to cost 10% more. That kind of stuff.
@AntoninusPius17
@AntoninusPius17 Жыл бұрын
😆😂 doesn’t sound free
@mitchell10394
@mitchell10394 Жыл бұрын
@@GrikWorldNomad Sounds more like he is being prudent. Once a month is not bad at all.
@RealEstateAndLandlordNews
@RealEstateAndLandlordNews Жыл бұрын
It depends on your definition of “fabulously wealthy”. Depending on the cost of living where you live and your desired lifestyle. The whole point behind living the nomad capitalist lifestyle is to go where you are treated best. That might be within your current country.
@therealmountainmanmike
@therealmountainmanmike Жыл бұрын
I think fabulously wealthy would be $2-5 million for me. It's something I could retire on at any time and still live an extremely comfortable and charitable life.
@AJBadwan
@AJBadwan Жыл бұрын
Can you do a separate video about how to start a business (for example the UK) and live in an EU country (such as Italy or Spain) ? It would help to understand more about double-taxation agreements and how it works and to whom should we pay taxes? Thanks :)
@evanserickson
@evanserickson Жыл бұрын
Depending on how much business you do, I’d recommend starting it in Panama or the Cayman Islands and then just doing business under that LLC in the UK
@gabesimmonds8421
@gabesimmonds8421 Жыл бұрын
Depends on where you live and what is your income/asset vs expense structure.
@susanraby-dunne8180
@susanraby-dunne8180 Жыл бұрын
That chart seems like an insane standard for anyone but a teeny elite. I'm only in the first category and consider myself "conformable." STUFF is not on my radar at 68.
@tporcheron
@tporcheron Жыл бұрын
Wealthy is about independence and then multiple generational independence. Then follow the 3% rule on spending. 35m is the starting point for your own independence. 200m for family independence
@jackieboy1593
@jackieboy1593 Жыл бұрын
You don't need anywhere near 35 million to be independent. You could easily do 1 million in SE asia
@michaelhall7028
@michaelhall7028 Жыл бұрын
I think to be fabulously or filthy rich would be anything from a networth of $20 million upwards. I mean with that kind of money, you can practically do anything. You could buy luxury houses, cars, yachts etc. and invest money to make even more. But I think that generally speaking, a networth of $2 million, is enough to live a very comfortable lifestyle, especially if you are living in a developing country in Asia, Latin America, Africa or some parts of Eastern Europe. I think it's worth noting, that the vast majority of people in most Western developed countries, will never ever even have a networth of $500,000. The average retiree(ages 65 to 70, ages that people are usually financially at their wealthiest) in the UK for example, has a median networth of around $300,000 to $350,000. This means that half of the retirees in the UK have less than a $300,000 networth. Most people on a networth of $300,000 will say that they live comfortably in the UK. However, to be able to live a life that is very comfortable and luxurious in many ways, I'd say $2 million in networth would achieve that. If you live in a developing country, you will live like a king on this. But if you decide to live in a Western country like the UK, France or Germany, you should just be sensible. You could for example, buy a very nice house for 500k in the UK(outside of London) and then use the rest of the 1.5 million to have fun and also to invest. So you could do a hell of a lot with this networth in a Western country and literally live like a king on this networth in a developing country.
@debunkinghistory214
@debunkinghistory214 Жыл бұрын
All you should really want is passive or semi-passive income that very comfortably exceeds your desired lifestyle i.e. allows for a large cushion in case of a rainy few months or few years. I think having a cushion ranging from 6 months to 18 months in reserve is reasonable. For most people, depending almost entirely on where they live, this won't require more than $250k-5M in assets. Everything beyond that is unnecessary frills, and would seem to be more dead weight than a benefit. Like is a super-car, 10k square foot house, and $5000 winter coat really necessary? Just stop. If it seems necessary, you need to ask yourself what am I compensating for / what void am I filling? Time is limited, you can't take a cent with you, and stress shortens your life and tends to destroy or alienate your relationships.
@PlanFreeFinanceandAbundance
@PlanFreeFinanceandAbundance Жыл бұрын
I like where your head is at.
@brendanscully5787
@brendanscully5787 Жыл бұрын
I was reading a book by Anthony Bourdain (spelling ?)...in one chapter he was dating a beautiful girl who was the daughter of a rich business man. They were in a restaurant in the West Indies...took the yacht there - not the largest in the harbour. But, the food was very awful, Bourdain asked her why they were in such an awful place with bad food...? The answer (eventually given and interpreted?) was that she wanted to be with 'her own kind' (need for comfort, I suppose). ......a very human desire........interesting though.
@febsign6110
@febsign6110 Жыл бұрын
I’m worried about bail in for banks that seem to be more and more a reality here in Canada. Is this madness at all banks around the world ? Thanks Andrew
@atomicpunk5258
@atomicpunk5258 Жыл бұрын
The table is from dear old Felix Dennis' book, How To Get Rich. It's a wonderful read and Felix was a personal hero of mine.
@philsidock
@philsidock Жыл бұрын
In my humble opinion, I think someone with $100 million in wealth can be considered "fabulously wealthy". You're certainly not amongst billionaires, but you can have pretty diversified real estate and stock portofolios and live quite comfortably with your family for your lifetime, barring massive mistakes.
@jaymcd8577
@jaymcd8577 Жыл бұрын
Speaking as an Irishman living in Dublin there is a huge misconception that Ireland is in the top wealthiest of countries, it only look to be the wealthiest on paper due to being a massive tax haven for the mega corps and banks of the world, in a nutshell. The infrastructure much like any 1st world country is a shambles, we have a health crisis with over crowded hospitals as well as a housing crisis, rents are through the roof, uncontrolled immigration is part in parcel of this. The govt won't step in and regulate because basically to balance the countries books and shift debt from the 08/09 GFC IMF loans and the bursting of a massive property bubble it set up a regulatory body called NAMA ( National Assets Management Agency) allowing vulture funds to have a field day with the real estate sector being on fire sale, and it's been that way ever since, while the largest political parties and property developers are hand in glove, who walked away scott free from the property mess they made, now shouldered by the tax payer, corruption at it's finest. There are (pertaining to population size of 5+ million) 11,000+ homeless across our cities and yet the govt have just announced a budget of a BILLION to house Ukrainian refugees and those seeking international protection, basically chancers coming here for welfare benefits, again payed by the Irish tax payer. A part of that budget is being subsidised by EU funds, the local, native Irish are rightly outraged being treated as second class citizens in their own homeland, as the govt continues to be EU pawns making the country multicultural leaving THE IRISH behind as they greedily and recklessly want to import more foreigners to get more votes for them and cheap labour for businesses, a cliched immigration model across the west, all with the tired excuse of ageing population and the need to prop up pensions. Anyone who speaks out are branded racists and other petty cliches. The west is deliberately being flooded with the 3rd world for nefarious reasons other than, but that's an argument for another day. So bottom line, any "wealth" that Ireland appears to have is merely on paper, it certainly isn't trickling down to pay €15 for tea and scones!
@pawlieblog7967
@pawlieblog7967 Жыл бұрын
It’s all in the mindset! How rich do you feel? Some could feel fabulously wealthy with a half million euros! 😅
@pinnaclesovereign
@pinnaclesovereign Жыл бұрын
As Nassim Taleb calls it, it's about attaining "eff you" money, so that you can do what you want, when you want, with whom you want and how you want. Of course, that's on the financial side. It means nothing if you've got no family and community. Just ask Mr. Burns...
@valkry007
@valkry007 Жыл бұрын
How to get fabulously wealthy - GET INTO POLITICS, MONEY AND POWER BEYOND YOUR WILDEST DREAMS.
@MuzixMaker
@MuzixMaker Жыл бұрын
And give up your soul, if you ever had one.
@libertyIsAll132
@libertyIsAll132 Жыл бұрын
Yes but the people that produce your products suffer losses, and you end up with less innovation and less aboundance on the world you'll live your future and your children will live
@InvestBetter.
@InvestBetter. Жыл бұрын
"$20 Million a year is all the wealth you'll ever need. You can only use $20 Million a year, without being truly wasteful." - Andrew Tate
@matthawksworth
@matthawksworth Жыл бұрын
Which means booking a trip to hawaii for the weekend because the barista got your coffee wrong is reasonable. Waste in this case probably literally means booking a flight you wont take or ordering more food you can eat.
@zoniemom153
@zoniemom153 4 ай бұрын
Totally agree. Being fab wealthy means you can do whatever the heck you want, screw the Jones's
@EyeOfScrutiny
@EyeOfScrutiny Жыл бұрын
If you need to keep up with the Jones family, you are always poor.
@penelopefrigon4395
@penelopefrigon4395 Жыл бұрын
Agreed
@changocaliente7883
@changocaliente7883 Жыл бұрын
I remember a story about Nelson Rockerfeller campaigning for President @ Coney Island in the 70"s. He didn't know how to eat a hot dog! His contender, Gerald Ford went to San Antonio and tried to eat a tamale with the corn husk wrapper!
@enjoyslearningandtravel7957
@enjoyslearningandtravel7957 Жыл бұрын
Probably if you grow up around the area that doesn’t have Mexican food he wouldn’t know how to eat a tamale like I do.:)
@dewalddelange3502
@dewalddelange3502 Жыл бұрын
One reason to pursue wealth is to find a pleasant environment to live in. Unfortunately, humans have spread to all land on earth. It limits the places where you can enjoy wealth. For example, in the Seychelles you are still surrounded by mostly poor people. The alternative is to create your own oasis in a remote location, in any country.
@jackieboy1593
@jackieboy1593 Жыл бұрын
There's a ton of empty space, you would just sacrifice convenience. Let's not forget what is the source of all that wealth, other people. To get cheap services and goods, you need to live near poorer people.
@matthawksworth
@matthawksworth Жыл бұрын
Build megadome and buy a large projector, or just plug into the metaverse
@searlearnold2867
@searlearnold2867 Жыл бұрын
Do you have a Family Office? Do you have private jet management? Do you have superyacht/megayacht management? Do you have assets under management? Can you build a multi-million dollar property with a cheque rather than construction loans? Can you fly to a foreign country for a clothing fitting and lunch and be home for dinner? If yes....
@asecdsi4009
@asecdsi4009 Жыл бұрын
In India 2 -3 USD million is rch including property and cash, and I am educated in tech so I think creating or investing in the next unicorn statup is the way to be rich.. that's why I wanted to be in silicone valley. But you need a lot of persistence and luck (good karma) as well
@j.lizbardo
@j.lizbardo Жыл бұрын
Wealthy is being able to enjoy time off AND pay your bills without being stressed out, doing so. Being RICH is having all that with meaningful personal relations, wife, family, children, parents, friends and even neighbours.
@mamaz1862
@mamaz1862 Жыл бұрын
Perhaps when the money rules your life; you’re no longer wealthy…
@datingandlifeadvicechannel7534
@datingandlifeadvicechannel7534 Жыл бұрын
Exactly
@RealEstateAndLandlordNews
@RealEstateAndLandlordNews Жыл бұрын
Lol, says the person without money.
@ChristabellaH
@ChristabellaH Жыл бұрын
Having money shows you have been rewarded for your hobby/work. Why should people feel bad? A lot of wealthy people are happy in the fruits of their labour. You can be poor miserable or rich miserable... So let's assume you wanna be 3rd world happy with nothing? You're saying all rich people are not happy and their lives are controlled by money? What's your life controlled by?
@MrGforce52
@MrGforce52 5 ай бұрын
Money is the fuel of the automobile of life. If you want to live life, especially a good life, you need money.
@rivenoak
@rivenoak Жыл бұрын
some rich are not shy about and rent a yacht for some weeks in the carribean/mediterranean. their assets work elsewhere but sitting in a port OR they possess a yacht indeed but do that renting business to rake in some for the costs. same with private jets, those are much to valuable to stay around and used on a whim only.
@MuzixMaker
@MuzixMaker Жыл бұрын
Leaving those assets idle and not caring about what it costs makes you fabulously wealthy.
@thealternativecontrarian9936
@thealternativecontrarian9936 Жыл бұрын
I did not learn how to be wealthy.
@sr9253
@sr9253 Жыл бұрын
As long as I have what I need to live comfortably and to be able to move freely somewhere else would be sufficient for me. More importantly one has to be in excellent health and physical condition in order to enjoy life. You should also be creative and an active learner of other things besides making money.
@joefunk76
@joefunk76 Жыл бұрын
On the matter of eating out, no matter your taste or appetite size, anything spent beyond the $30-$50 range, per person, is paying mostly for a pretentious experience.
@BracaPhoto
@BracaPhoto Жыл бұрын
Eat that burrito - its all about CHOICES 🎉❤🎉 Im barely middle class but i appreciate your reasonable outlook on wealth - it's nice to have a community that can discuss money without the Stigma 👍
@BracaPhoto
@BracaPhoto Жыл бұрын
I'll try and play along : Fabulously wealthy ? The term itself implies the necessary qualifications. To be truly "Fealthy" everyone you come in contact should be in awe of your opulence. It is a highly advanced yet shallow form of "peacocking" I tend to have more respect for the wealthy that hides their true wealth from the world - Im guessing, once you are Fealthy it transforms every single human around you into 1 track machines
@WorldlyNomadic
@WorldlyNomadic Жыл бұрын
If you are making 100,000k per year, you are definitely in the top 1% of the world. So this list should be specifically for the USA.
@NatureLovingirl
@NatureLovingirl Жыл бұрын
I always like American people🌹🇺🇸 I am from Pakistan and being a third world country citizen, there are no chances for me to earn money,you can't become rich because only fewer people control all the country assets and they become richer and richer I don't want to marry Pakistani Muslim, but no one wants to help me since I am neither famous nor Rich to move out of Pakistan,the only option I have is to marry foreign passport holder Pakistani Muslim if I want to go abroad because white men afraid of Pakistani girls I don't think I can make million dollar Money is not everything, but you need money for making your life better
@eturnerx
@eturnerx Жыл бұрын
To put an arbitrary number on it: 50 times my expenditure at the point I'm spending whatever I want.
@me2ontube
@me2ontube Жыл бұрын
when you have enough money to surround yourself with the best of company is when you k ow you've become fabulously wealthy
@iolss
@iolss Жыл бұрын
I live comfortably but I don't see myself becoming fabulously wealthy or even wealthy, maybe one day I reach FI at least. I can't see myself being as "valuable" or providing anything that is worth much money, to be honest as the days go by I'm getting more scared to not be able to provide anything even with a minimum value, but I guess this is just me dealing with my low self esteem
@yoginelson
@yoginelson 4 ай бұрын
Love your channel and find myself in agreement with you 90%. In process now for Panama residency. I would say fabulously rich is perfect health and $20m
@nomadcapitalist
@nomadcapitalist 4 ай бұрын
Thank you for your support and sharing your perspective! If you need any assistance during your residency process or have further questions about optimizing your lifestyle, feel free to reach out. We're here to help you achieve your financial and personal goals. You can reach us at help@nomadcapitalist.com.
@evanserickson
@evanserickson Жыл бұрын
I would move all descriptions down one. So get rid of comfortably poor and say that everyone that has $100-400k is the comfortably off
@evanserickson
@evanserickson Жыл бұрын
@foggywoodsnh Yeah, if you are in other countries and cities you would probably move the descriptions down at least two or three.
@RodNubianKing
@RodNubianKing Жыл бұрын
Yeah this is where I am and just coming off poor. I love that chart it really tells you the truth especially in America.
@morelwilliams7133
@morelwilliams7133 Жыл бұрын
Wow, you really meant "be"...how about become. That'd be useful.
@DevelopingStartups
@DevelopingStartups Жыл бұрын
there is a level of wealth beyond all of this.... 1. Willing giving up your wealth just for fun and making it back in a few months. After a while it becomes a game...then even that gets boring and then you start thinking about transforming the earth for everyone, even redefining money, eliminating money, making things free....
@michaelkane7999
@michaelkane7999 Жыл бұрын
200x your yearly expenditures. If you have enough to do generation wealth, congrats. You're there.
@asecdsi4009
@asecdsi4009 Жыл бұрын
This is the question I have been researching and thinking about since my teens. This is the reason I wanted to immigrate to silicon valley be the next statup unicorn founder or at least rub shoulder or get a chance to work in their early stage companies But I think it depends on the country as well in India you need a lot lesser than the mentioned number
@tremjar1305
@tremjar1305 Жыл бұрын
one question, how can you live in countries and defend and protect what you own there, without alarm systems and the right to own guns? are you supposed to just let people rob your house there and on the street or worse? there is no point in owning anything if you can not protect it and defend it as you point out constantly... so how do you defend it from the stranger down the road? let alone defend your life without a gun? i am pretty sure that if you are running around from country to country all the time, you can not transport the weapons you need, and none of them allow you to have them anyway except the u.s. for now.... so exactly how do you keep the stranger down the street and squaters out of your private property and make sure it remains yours and not stolen and vandalized while you are home, let alone the 8 or 9 months you are gone without heavy weapons and security? you have an awful lot to bring thieves and worse if you are a rich american in those countries, cost you just as much in theft and damage as taxes in the u.s. anyway if you do not have a way to stop them. same as thieves in the u.s. now... if you cant stop them from stealing it, you wasted your time earning it. does not matter if it is taxes or the stranger down the street, same result, they have it you dont. all the frugal and smart choices in the world will not matter if you can not defend what is your from the stranger down the street in person.... no big deal, just by another tv?, they will come back and steal that too, why bother with that.? stop them the first time. otherwise they just wasting your earnings from all this time and effort. does not matter what you can earn to what number, if you can not protect it AND yourself from the gov. AND the stranger down the street both... that requires the best tool available... a gun... lawyers for the gov. gun for stranger down the street... both need stopped equally. ... if i am going to be stuck in a world or country where i have to just LET the stranger down the street take what they want from me or just LET them rape my wife.... i would rather not have either of them in the first place myself, better to never have earned it at all then to have it taken by someone else...... if i can not stop some total stranger from just taking it, then i dont want to waste my time earning it for them. better off wasting my time and effort on something frivolous like alcohol before letting THAT happen to me.
@as-1982
@as-1982 Жыл бұрын
Mental health is really a problem.
@damienhall9814
@damienhall9814 3 ай бұрын
He left that place called the US. Andrew is much safer now.
@tremjar1305
@tremjar1305 3 ай бұрын
@@damienhall9814 how without a way to defend yourself?
@tremjar1305
@tremjar1305 3 ай бұрын
@@as-1982 yes it is, democrats prove that, thinking they have a right to what belongs to other people, and have a right to come steal even more in person, without getting injured during their crime.
@microsoftbighard
@microsoftbighard Жыл бұрын
1 million.. if the question is basic sustainable income. Something is wrong if a little cafe can’t be bought and staffed. But then…. You’d probably want to own the building outright for sustainability, so maybe it really is 5 million.
@mattanderson6672
@mattanderson6672 Жыл бұрын
Well said!! Thank you so much!
@vince1012
@vince1012 Жыл бұрын
Live where you can produce effectively & efficiently not where you can save. ( Could be on a Falcon jet.)
@He_who_rides_many_winds
@He_who_rides_many_winds Жыл бұрын
If I can retire my mum and my family and never have to worry about money or buying things again, as well as a steadily compounding income then that’s good enough for me. No fancy suoercars, a little Honda Civic Type S would be good enough for me (though I would like it upgraded with a bit of oomph :))...either that or a nice Bentley. It would be nice to travel endlessly and meet new kinds of people and places without worry. I like the cold so would like to visit Norway, Mongolia or Northern Japan, place’s expensive though...
@jeremyleonbarlow
@jeremyleonbarlow Жыл бұрын
Warren Buffet is notorious for enjoying McDonald's breakfast, I have a sneaky suspicion if you showed him a well put together burrito he would eat one. He was at one point in time thought to be the wealthiest man alive and is still likely in the Top 10.
@Bluponi
@Bluponi Жыл бұрын
I want to be comfortable, being rich creates problems, just like being poor. For me, the best places if you want to practice Geoarbitrage is Thailand or The Philippines
@stevenoliver7120
@stevenoliver7120 Жыл бұрын
I'd say 100 million dollars or more is starting to look fabulous.
@pablosmoglives
@pablosmoglives Жыл бұрын
It doesn't get much better than Mexican street food.
@HollywoodWil
@HollywoodWil Жыл бұрын
My kids are in the US so I don't want to renounce. Can I still start a business in another country and enjoy lower taxes or is the U.S. still going to strong arm me for 30% or whatever it is now
@Lobotommy110
@Lobotommy110 Жыл бұрын
Nice tan Mr. Henderson!
@sanjaypaul7409
@sanjaypaul7409 Жыл бұрын
Dear Andrew, I love your videos, interviews, and book! I would say $300,000,000 and then growing that to over $1,000,000,000! Sanjay
@ourfreedomnow
@ourfreedomnow Жыл бұрын
Fabulously rich would be 2 million in cash on hand, 2 million in gold on hand, 2 million in jewelry value (calculated based on used price value), 100 million in assets fory offspring to have as an adult.. 30million in assets to use for the next 60 ish years or so. Not that we'll necessarily use that much it's more of a peace of mind number..
@Peter-gj3zn
@Peter-gj3zn 10 ай бұрын
Eternal Wealth - Being wealthy is being able to be loved, loving others, and able to receive love, peace, hope, joy, and contentment. Having LIFE living in you is wealth and health and freedom because it is Eternal Life, living life to the full. Having all my guilt and shame and sin forgiven by God through Jesus the Messiah is Freedom and Being Rich.
@nayanmipun6784
@nayanmipun6784 Жыл бұрын
Which is the most technological ly innovative place?
@navalrajnikanth3214
@navalrajnikanth3214 Жыл бұрын
I am in the uncomfortable poor range.
@rhythmsaidha
@rhythmsaidha Жыл бұрын
Hi Andrew - thanks for sharing these insights! Btw, I love the street food in Singapore and India.
@nomadcapitalist
@nomadcapitalist Жыл бұрын
Glad you enjoyed it.
@mitchell10394
@mitchell10394 Жыл бұрын
Currently in Singapore. My favorite place to eat I'd say 😁
@GSAZYNSKI
@GSAZYNSKI Жыл бұрын
How about enjoying the *freedom* of not having to slave away for an ungrateful boss who cheats you of pay and have fewer worries in life?
@stern_standard
@stern_standard Жыл бұрын
Perfect breakdown.
@carollee3044
@carollee3044 Жыл бұрын
Interesting All Tammys comments are gone from earlier because she exposed No mad.
@michaelking4578
@michaelking4578 Жыл бұрын
However much it costs to buy 300 acres of land in remote Alabama, build a 2300 square foot home, a barn, ATVs, a shooting range, some guns and ammo, an off grid electric system, a well, and a good wife, a few children and a bible and most importantly faith in Jesus Christ and that would be what I consider fabulously wealthy.
@MuzixMaker
@MuzixMaker Жыл бұрын
I like the cut of your jib.
@RodNubianKing
@RodNubianKing Жыл бұрын
I want one of those barndominium homes sitting on land so bad.
@joaoportugal8618
@joaoportugal8618 Жыл бұрын
The good wife... Where are them? The good ones?
@keithstevenson5743
@keithstevenson5743 Жыл бұрын
1 billion dollars is my benchmark.
@Just4Kixs
@Just4Kixs Жыл бұрын
If the opportunity for your to go overseas with a visa and a job, would you do it?
@evanserickson
@evanserickson Жыл бұрын
“He’s in the jungle with the savages” 😂😂😂😂😂
@eddieslittlestack7919
@eddieslittlestack7919 Жыл бұрын
I got a good laugh at that too lol 6:45
@alistairjensen7897
@alistairjensen7897 Жыл бұрын
Wealth table taken from Felix Dennis
@FallacyAsPraxis
@FallacyAsPraxis Жыл бұрын
Millions aren't it anymore. A single family house in a decent neighborhood costs that. 'Fabulously wealthy'...I'd say a billion, at least.
@BoatLife_DansBoatLife
@BoatLife_DansBoatLife Жыл бұрын
Love your content Andrew! One day I will convince you on the yacht thing however… 😂
@mike6572693
@mike6572693 Жыл бұрын
My Social Security check puts me in the top 1% in Mexico.
@livyuki4968
@livyuki4968 Жыл бұрын
For me 10 million or 30 million dollars would be enough for me buy a nice house for my mom and I here in the states. Then maybe I could split my time between here and another country where I am treated better.
@sonnysubedi3297
@sonnysubedi3297 Жыл бұрын
fantastic channel
@realNaveed
@realNaveed Жыл бұрын
Soon I'll call you to handle my wealth....
@bumpy818
@bumpy818 Жыл бұрын
Whatever amount buys you freedom.
@matthawksworth
@matthawksworth Жыл бұрын
To enjoy being fabulously wealthy, you have to either think yourself better than people or somehow get over the meaninglessness of constantly indulging yourself.
@me2ontube
@me2ontube Жыл бұрын
if I was the richest man in the world I wouldn't own a yacht - it doesn't appeal to me at all n I could care less about keeping up with the Jones - I'm perfectly happy living my own life - there was a time when I spent money on animals then it changed to cars - I have friends that like sailing n I've gone out with them n had a ton of fun n I'm happy to see them enjoying their money as they like n I spend money on things I like n everyone's happy
@patriciayoung8956
@patriciayoung8956 Жыл бұрын
Ok, after seeing that table I just realized I'm in "The miserably poor" category. Lol not Lol... 😄
@velocirapture89
@velocirapture89 Жыл бұрын
Lol, I'm not even comfortably poor by these standards. But hey, it's something work toward!
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