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The Best Backup Plan for You

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The Best Backup Plan for You

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Why you should always have more than one backup plan?

Your wealth isn’t safe unless you don’t have multiple plans.

You never know what your government is going to do tomorrow. If you want to achieve freedom, have a better lifestyle, and create wealth, you need to be diversified and have multiple plans.

In this video, Andrew explains how you can do it.

00:00 Start
1:08 Moving to Lisbon
1:59 St Lucia Citizenship Programme
3:15 International Banking
5:40 Investing in Stocks
6:37 Second Citizenship and Residency by Investment
9:00 How to Travel Around the World
11:10 Italian Citizenship By Descent
12:10 Things to Consider When Choosing a Place to Live

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”.

Work with Andrew:

Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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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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26 COMMENTS

  1. I would like to hear you address the ongoing war in Ukraine and the possibility that Putin might try to roll back into some of the other countries that used to be either part of the former USSR or under the control of the USSR or Russia. Specifically do you think it could happen and if so which countries and it what order. Plus what effect that would have upon investments including real estate in those countries and/or citizenship in one or more of those countries. Part of the reason I’m asking this question is because prior to 2014 when Russia took Crimea, investment in Ukraine seemed like a good idea or at least a somewhat safe investment and now there’s barely even a single building still standing. Also, what if any safeguards are there for investments in east European countries at this time.

  2. For those seeking Italian citizenship by descent (jure sanguinis). Unfortunately due to covid the Italian consulates in the USA are very backed up. For example; the San Francisco Consulate is taking appointments for May, 2025, that is 3 years out. Best to move to Italy and cut the process down to a little over a year.

  3. I think this advice vastly over estimates the importance crypto angle – I know lots of rich people, none have crypto. I know precisely one holder and they are worth at best 2 million and have like, 50k worth.

  4. How many residencies and citizenships is it okay to acquire if your current citizenship doesn’t put a limit on it? will countries be more reluctant to give a residency visa when they see multiple residency visas from other countries in one’s passport?

  5. I'm bracing myself for Canada to set up citizenship based taxation .. I will renounce as soon as I have back up though I didnt make a decision yet.

    Definetely avoid Canada for living working and citizenship. it is a bad place in every possible way.

  6. As the preppers like to say, 3 is 2, 2 is 1, 1 is none, when talking about contingency plans.
    More contingencies means more options, to mitigate against whatever the future may hold.

  7. The same goes to foreign bank accounts and credit cards. If you have one, keep it open. Some countries are notoriously known to be difficult and bureaucratic to foreigner opening any type of account.

  8. Being in the right place at the right time, and performing the right things right, can go terribly wrong. There is typically a need for multiple checkboxes that include sociocultural and sociopolitical issues such as the quality of the jurisdiction. Merging health and financial security is paramount.

  9. I have decided once I get my 4 year residency card in two months here in mexico, I'm off to Europe and try and get another. It's a small step but it last a few years and have to say I don't like being in the west anymore Mexico included no matter how less the cost is. Quality of life is more important than any money. Go where you are treated best.

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