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Two years ago, with millions of people out of work and central bankers and politicians striving to lift the U.S. economy out of a 2020-induced recession, inflation seemed like an afterthought. A year later, with unemployment falling and the inflation rate rising, many of those same policymakers insisted that the price hikes were “transitory” – a consequence of snarled supply chains, labor shortages, and other issues that would right themselves sooner rather than later.
The same is in another country where inflation is multi-decades high than ever. But there are still some places where you can ”escape” it, and today Andrew will share them with you.
00:00 Start
0:17 Countries with Low Inflation
1:44 Moving to Mexico
2:20 Living in Italy
3:07 Inflation in Finland
3:09 Inflation in Thailand
3:57 Inflation in India
4:06 Inflation in Singapore
4:19 Inflation rates in the Philippines
4:30 Moving to South Korea
4:43 Inflation in Australia
4:49 Living in France
4:59 Moving to Indonesia
5:16 Taxes in Switzerland
5:27 Taxes in Taiwan
5:41 Inflation in Japan
5:44 Inflation in Bahrain
5:49 Inflation Fiji
6:02 Inflation in Bolivia
6:49 Inflation in Malaysia
7:18 Investing in Real Estate
8:09 Inflation in Mexico
8:19 Cost of Living in Georgia
8:45 Italian Citizenship
8:52 Taxes in Thailand
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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Switzerland looks good. UK looks wretched. Is Uk returning to 1970's sick man of Europe? And I don't know about Germany 7.5%. Germany was very nervous about leaving the Mark and joining the Euro; perhaps the young Germans forgot about the inflation of the Weimar Republic. I mean, Germany is the biggest economy in Europe, and living in Frankfurt (international style) or even Munich (traditional German style) would be very desirable for an entrepreneur. This takes careful analysis.
China really Andrew? If there’s anything we know is that the CPP lies about everything. I’d they claim 2.7% inflation then you can safely assume that 1) it is not true and 2) that it is a multiple of that. 5X, 10X would be more accurate.
How much would a foreigner need to invest in Japan to become a permanent resident there?
"What's the point of being alive if you don't at least try to do something remarkable." —Anonymous
Inflation in Cambodia 4%. US Social Security COLA 8.6%. US dollar used here. One of the if not the easiest retirement and business visas in the world.
I love Cambodia!
Last year I acquired a taste for Borjomi water, kicking myself I didn't acquire some property with it. I resolve not to let opportunities pass by again. Hope to toast salty sparkling water with Andrew some day. Thanks for everything friend!
Shouldn't you just be living where you LIVE the best. If you're 7 or 8 figure earner, then you should live where you can live the best life style, not necessarily the cheapest. If your just want to live a Cheap-Charley life style, then you can live in any cheap place you want. But keep in mind, inflation come & goes. Governments & government policies change. One year the taxes are next to nothing, and then when your all settled in, they raise taxes. Then what do you do?
As an expat inflation is definitely not low in Singapore. Considering over 80% of Singaporeans own government HDB's for most of the local population inflation is perhaps more limited. However this channel is referring to expats who have the choice to either purchase a private home and pay an additional 30% foreigner tax (on top of the all the usual property taxes) on the purchase, or do what most expats do and rent which will generally take up big chunk of salary. Considering private rental prices have soared recently, with a lot of people being faced with even 100%+ rent increases when going to renew their lease, Singapore is in no way low inflation for expats. In addition latest CPI figures in Singapore are actually similar to the US. Seems to be a fairly poorly researched video.
So it's Saudi Arabia/gcc countries, least inflation, fixed dollar peg currency.
Gawd Mexico… No thanks . Just came back from that gritty ghetto… I lived there for years and now it is worse . How much are they paying gringos to live there? Jajajaja.. F no..
Nope, in Mexico only rich people get residence permits and the rest of us poor are illegal. But in the Chiapas mountains I'm ok. Happy to die here. 🙄💃🙏
8:29 would someone please tell me what the food items are on that table?
Don’t trust Japan figure as prices just went up on 10,000 goods. Also Japan is a master of shrinkflation. Been here 30 years and inflation is not 2.4%.
Japan has lowest inflation…are you sure?
You need to include purchase power too, it might say 2% but currency dropped 45% so 2% isn’t true
Rwanda's Global Peace Index is higher than your beloved Georgia.
"Australia if you liked being locked in your own country" 😂😂
Right on, Right on, Right on:) Peace now.
Andrew, when does your new big Merc come in & will you take us all for a ride on that fine $2.00 a gallon gas in beautiful K.L.?
speaking of the philippines could you talk about the APECO special investor residency permit in the Aurora zone in the philippines
Inflation does not have to run on for10 more years. The reduced level of Domestic Oil production, and lack of Gasoline refineries in this country is at the root of the problem. We haven't built refineries in this country for 20 years. That is restricting the supply on gasoline artificially keeping prices high. High oil prices goes into everything; Plastics in cars, furniture, Diesel fuel, jet fuel, farmers fuel, fertilizer, rent, home heating, electric power companies the rely on natural gas. This is a manufactured crisis, and the American people need to protest at the ballot box in November elections, and 2024 elections. Unless are really dumb, you should not be voting for Democrats. To save your standard of living, and future, vote Republican in every office, and school board across the United States. My family voted Democratic for over 50 years, but this Democratic Party is not the same party. It has a lot of control the world globalist. If they don't cheat in the election, we can turn this all around.
No.gonit.America.
I'm in Mexico and I don't notice inflation at all… I'm sure it's here, I can see the numbers you mention but cost of living is so low compared to income we don't even see it.
It'll be nice to see how youth education in general or in crypto can sway where you decide to live when your use to California standards
The numbers in this report must be out of date. Inflation is extremely high in Italy right now and to describe it as a low-inflation country in the current situation is just incorrect.
I always tell people inflation isn’t extremely irrelevant in America b/c you can simply relocate to a country with little to no inflation and a much lower cost of living to immediately fix the problem. People are so closed minded and linear though.
Why would 7 or 8 figure entrepreneurs care about cost of living inflation?
I want to move to Thailand 🇹🇭 …. Or to buy real estate in Bahrain 🇧🇭.
In Kuwait the unit currency is still worth over $3 USD, despite taking a hit from US rate hikes. Food and energy are not taxed, and have not had visible inflation so far. You can fill your car at exactly the same price you did a year ago with the local currency.
If you are investing in anything but cash or a debt instrument, why does it matter what the inflation rate is? If inflation just shot up, invest in a firm that has fixed rate debt. The value of their debt is going to be inflated away.
Lol, I think you really need to do your research on Rwanda, it's growing rapidly and people are moving there in the droves
I lived in Santa Cruz Bolivia 3 years. Santa Cruz is one of the fastest growing cities in the world. Comparing La Paz with Santa Cruz is like comparing night and day. Santa Cruz is very under rated. Bolivia has good coffee, good beef, (Santa Cruz] good quality of wine for the price. And the best beer in South America "Pacena" but 9 months a year it is hot and humid. I forgot to say beautiful women
Also, keep in mind, if you're American, the USD is very strong against most currencies. I live in Taiwan where the USD has appreciated 16% against the New Taiwan Dollar, while inflation is just 3.4%. My income purchasing power is actually higher despite inflation.
Rwanda is actually a surprisingly pleasant place with good weather.
Great information my friend thanks for sharing your knowledge with us 2 Canadians 🇨🇦 living in Mexico Yucatan Peninsula ✌️🐶🥰🙏
A USA red wave in November? Can’t wait to find out
Just like the U.S. inflation numbers I definitely wouldn't trust China's inflation numbers.
Solving inflation is so easy. All we need to do is support production of the products that are inflated. No one talks about incentivizing production of all our products
That's good list of low inflation. You're right, U.S.A. inflation is high. Like we shouldn't have that problem at all. No one shouldn't suffer from that. I don't hate America at all. I know in my heart there's other good options out there. Thank you guys for your informations videos. I wanna show my gratitude on here
problems with Pacific countries is the wifi is slow they still have not fully rolled out fibre
Thanks for sharing all this high value information!
Actually I wouldn’t mind living in Rwanda