Global Business and Becoming an Ex-Pat Entrepreneur with Andrew Henderson of Nomad Capitalist

Perpetual traveler, expat entrepreneur, citizen of the world – Andrew Henderson

Andrew HendersonOpportunity is everywhere in the world, and sometimes it’s easier to see problems in our countries (because America has them solved already). Learn from Andrew on how to start a business in another country, and why it may not be the best idea to live in America full time.

Resources Mentioned in the Podcast:

Go to NomadCapitalist.com for more info!

Thanks so much for listening!

Transcript:

 

 

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Hi I’m Jaime. Each and every week I bring you the top business advice from the people who know best.

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20 responses

  • This is one of the big, revolutionary advantages of the Internet; the ability to live anywhere on earth and operate a business. Perfect for people getting started because you can live like a prince in places like Thailand or Ecuador on $1,500/mo while you build your business. (online or offline)

    Also, getting out of your native country opens your eyes to what is available outside of the bubble that has been created to manipulate you and everyone around you.

  • I listened to this interview twice. There is no reason why we should continue being tax slaves. I agreed 100% with Andrew. Thank you Andrew.

  • Greeeeeeeeeeeeeeeeattttt interview Jamie! And Andrew.. man 🙂 what can I say.. you are the man! good stuff.. same exact perspective.. gotta buy your stuff 🙂

  • Hi Jamie,

    Thanks for another insightful interview. Since you asked so nicely at the end, this is what I think. I have been following the situation in America from Australia for a while now – and I do think America is in trouble – those most in trouble are those who just want to finish school, get an easy job and kick back. There will be no kicking back going forward. America’s debt is enormous and will never be paid back. There will be a lot of inflation as they are devaluing the US dollar by printing money. You can’t turn up at an auction and give everyone more paper money to make them wealthier – it just makes stuff more expensive. So eventually – there will be the extremely wealthy, and the working poor (previously middle class) because all the “new” money being pumped into the system is going to shareholders and people who invest in the stock market (not into the hands of the average American)

    I don’t think there will be a giant event that causes things to get worse in the USA, it will likely be a slow, gradual decline. I mean real wages are around where they were in 1999. That’s 14 years of stagnation already, with probably another 5-10 to go. You won’t crash, everyone will just power on past you and living standards for Americans will drop relative to countries around them, especially Asian ones. Asia has its problems but is now well resourced, America isn’t.

    For the longest time I got all doom and gloom about this. I mean America is closely linked to Australia! The same sort of thing is happening in Australia – a diminished middle class, a lazy bloated government and over 70% of people in Australia are on some kind of social benefit. We’re at the point where 4 generations back to back have lived on welfare and not worked. That can’t last.

    I think Aaron is right – You can’t really change external circumstances, but what you can change how you approach the situation. Diversify, have a bit here, a bit there, a backup plan, but honestly, the sky isn’t falling. It’s not as though the beautiful buildings, the parks, the nice stuff America has will vanish. The media would have you believe that. Sure there will be ups and downs, but if you take a look at most long-term periods in history, say 30-50 year windows – things are generally always better than they were back then.

    Be optimistic. Be thankful we have the Internet and the wonderful tools online to work for ourselves and give the finger to big companies with no morals. For the first time we can chuck the newspapers in the bin, turn off the loser TV stations and subscribe to real, unfiltered, unbiased information on Youtube from anyone, anytime. That’s incredible! We’ll be fine 🙂

    • Sorry just noticed I called Andrew Aaron. Sorry Andrew!

  • I agree completely with Andrew, that is not my job to change what the majority voted for and wants for a system of government. It is however a very sad thing to watch transpire. In the U.S. a place that I have spent my life, and like you said, a place most people say these things will not happen here. It is difficult for me to adjust my thought but I am working on this.
    Great podcast and thanks, the info is very useful.

  • This guy is right on. I have been following info like this for years. I knew each time our stock market crashed before hand, because of the knowledge i had from people like Andrew. There is so much our government is doing that is pulling the wool over the sheep’s eyes. There is a great book on amazon called “disinformation” written by an expat from Russia I believe. A MUST READ! Great interview I could have listened for 2 more hours.

  • My only gripe with nomad living is it’s complexity when you have a family. How do you manage the educating your kids?
    I live in the UK and love the private education system.

    • I know! I wondered that too- but I am leaning towards homeschooling (or finding a tutor with a few other entrepreneurs and their kids) It’s a tough call!

  • Thank you for the great interview! My eyes were opened and my mind was expanded! Rock on Jaime!

  • Great interview. I agree with Andrew. Talk about feeling like a tax slave! I live in New York and own real estate that is now depreciating. I moved here less than 10 years ago and the property taxes have increased over 40%, rents have barely gone up, and I feel trapped. I would love just to get out of NY but have a husband who bleeds it. So leaving the country would be out of the question. I’m personally glad to see others doing it although I find it sad.

  • Love your podcasts Jaime, i have just recently found you and have been downloading you like crazy to my ipad!

    Quick question, what is the plugin you have on this page for viewing the transcript? I run teleseminars and that would be mighty cool to have for my listeners.

    Thank you again for your all ways super high content.

  • I loved the interview! I’ve been fortunate to travel outside of the US a number of times and always realize we’re being told it’s the best place on earth but other places are every bit as good or better. I just never thought about moving elsewhere. Now I’m thinking.
    Thanks so much for broadening our minds.

  • Hi Jamie,

    Great interview! I agree with Andrew. He brought up some very interesting points – both in what he said, and in what he omitted. I especially took to heart the specific ways in which he omits a country – ie. how its citizens operate on a daily basis, China vs. Thailand. I will definitely be rethinking my own business planning based on this excellent reminder.

    And yes, you should definitely consider homeschooling.

    Back to the drawing board.

  • I am an American living in Singapore at the moment. I have visited 13 countries in 12 months, including Cambodia, Vietnam, Indonesia, etc… Andrew is spot on. In fact, he and I have been in talks about doing an interview together in the future. But I have a different take than him after seeing all these countries, cultures, and governments

    Where he and I differ is our choice of what we want to do with America’s problems. I am one of those people he talks about who wants to bring America back to the free market, capitalistic, limited government of the first 150 years that brought us such great freedoms and prosperity. The majority of Americans do vote for big government, but I think many don’t know the consequences of their votes. Unfortunately, it is out of ignorance because they haven’t been taught real economics and history in our schools. Many don’t realize that when they vote for big government, they are voting away America’s prosperity and freedoms.

    My mother is from Malaysia, my father from Poland and Russia. They moved to America to get away from the lifestyle of those countries. They still prefer America even now. America’s debt and fiat currency problems are HUGE, I agree. Andrew is right that there are great business opportunities overseas. But while I’ve been living in these countries, I miss America. There are a million reasons why, too many to write out on this comment, but they are reason enough for me to want to move back to America and encourage and fight to bring back the prosperous roots of America and shrink government. Lifestyle is a big reason I don’t love these countries, although I’m sure with their resources and money, it will improve.

    The possible result of fighting could be a free, great country. If we started doing the right thing, I think we’d go through a trying, tough period that would be painful. America and its citizens STILL have unique attributes I’ve not seen in any other culture yet. Call me a dreamer, idealist, whatever. But with the numerous choices I’ve seen so far around the world, I think it’s worth it to try to improve America. All these other countries still need improving as well, albeit on different things. At least the U.S. is coming from something we’ve already tried and proven can work. We just need to go back to it.

  • Wow that was really inspiring. I definitely agree there’s a lot of International opportunity. I’m from the USA, & have lived overseas several years as well. From my travels; I’ve always felt if the East could learn/apply the best things from the West and the West learn/apply the best things of the East.. the world could be much better off. But it really always boils down to cultural honesty; the more corrupt the country, the weaker the currency tends to be.

    I have found the US to be much more resourceful as far as business education/organizations such as Score. However Internationally you sometimes have a huge advantage just being “different”. Networking “can” be much easier sometimes as a foreigner.

    I know of an American guy who deep fries Oreo cookies in a night market and has had huge success marketing his Americanized Oreo Cookie theme. Maybe not the next million dollar idea, but he has a far better life running a deep fryer part time for himself in Asia than he would working full time in USA for someone else. I did have local people ask me if the deep fried Oreo thing was popular in the US, something I’ve still never seen here.. anyone else?

    About ten years ago while in Thailand, a so called “rich business man” asked me wouldn’t I have wished I could have got involved in the tech boom in the USA in the early 90’s. Of course I said, to which he quickly replied “well you can do that here, right now!”

    I have also heard a lot of problems keeping “successful money making” business’s open for long. My friend told me he of an awesome bar he found down in the islands of Thailand; he complimented the foreign guy working. The foreigner turned out to be the owner and replied “thanks but don’t tell anyone, this is my 3rd bar!” As the first two had just been “re-zoned” aka under new management by local officials.

    Some countries definitely have more restrictions than others. There’s been a lot of criticism, even in main stream media recently about how the US shows too much favoritism to BIG Corporations. Examples of Google, Facebook and Apple paying little to no taxes by sheltering and moving money into off shore accounts. I like how Andrew has focused his strategy on learning from the best of both worlds.

    I really respect Andrew’s attitude & approach to finding opportunities and freedom! That was a great interview, hope to learn about more International entrepreneurs. Thanks Jamie!

  • This is amazing. I love the fact that he mentioned Chile because I’m in love with that country. Spent 3 months there after I graduated and it is very “laid back.” Always had a draw to return back there. Thank you for having Mr. Henderson on the show.

  • Andrew is 100% right.
    I believe politicians have not yet understood, that globalisation does not only concern companies and their employees and the workers in the factories, but also countries.
    If I do not get the service e.g. ease of company creation, infrastructure, etc.) I require at a price I am willing to pay (taxes, fees, etc.) from the country I live in, I go elsewhere. And if things change, I will perhaps come back one day.
    It’s as simple as that.
    So dear presidents, ministers, etc. take this as a wakeup call, get your services right and your prices according to the service you provide, because once the entrepreneurs and people with money are gone, who will pay you?

    Great interview, thanks.

  • I was deported back to Mexico.The average pay here of is ten us dollars a day.I attempted 2 businesses that didn’t sustain.Im afraid to run out of money and be forced to work for $10 us dollars a day ..You should do live google hangouts or let us know about future interviews and we can suggest questions to ask

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