TAXES FOR DIGITAL NOMADS | INTERVIEW WITH THE NOMAD CAPITALIST

  Рет қаралды 19,577

Chris the Freelancer

Chris the Freelancer

Күн бұрын

Today, I'm excited to welcome Andrew Henderson from the Nomad Capitalist to talk about all things taxes and offshore strategy for digital nomads.
I'm been following up with Andrew since the start of the year and finally we meet in Belgrade to talk about your concerns regarding taxes.
To read more about offshore strategy and get in contact with Andrew, visit www.nomadcapitalist.com/
or to learn more about getting started as nomad, click the following link to grab my guide to location independence for free
christhefreelancer.com/free-guide
---------------------------
My Essential Equipment
Canon G7X - amzn.to/2aIXr1Q
Joby GorillaPod SLR Zoom - amzn.to/2aIY37I
Manfrotto Tripod - amzn.to/2aHHjdS
---------------------------
Find me on...
Facebook at / christhefreelancer
Twitter at / chrisrdodd
Instagram at / christhefreelancer
Vimeo at vimeo.com/christopherrdodd
Blog at www.christhefreelancer.com/
Snapchat as christhefree
Love what I'm doing? Make a pledge
/ christhefreelancer

Пікірлер: 53
@TravellingWeasels
@TravellingWeasels 7 жыл бұрын
You can love or hate this guy but what he says between 20:37 -21:40 is very true and important to understand
@Minder666
@Minder666 4 жыл бұрын
Why would anyone hate Andrew?
@ericeverson5956
@ericeverson5956 4 жыл бұрын
@@Minder666 Because haters will hate. You have to move past that if you have a youtube channel.
@joshuaseymour
@joshuaseymour 7 жыл бұрын
Super awesome to see/hear Andrew with you on your channel, Chris! Nomad Capitalist is an amazing firm and definitely walking the talk...
@SolmadridVazquez
@SolmadridVazquez 7 жыл бұрын
OOOh shit! Don't have time to watch but added this to watch later. This is a subject that I've been wondering about. Perfect timing and subject matter!
@maxenceroy1863
@maxenceroy1863 7 жыл бұрын
Very helpful and interesting video. Thanks Chris.
@ChristheFreelancer
@ChristheFreelancer 7 жыл бұрын
Thanks Max.
@adamsarwar
@adamsarwar 4 жыл бұрын
Awesome video, thanks for sharing!
@nicolecooper1569
@nicolecooper1569 6 жыл бұрын
I see a lot people shouting scam on this guy. If someone is really a scammer, show the receipts otherwise you're just running your mouth. In my opinion: KZfaqrs, bloggers, anyone of "influence" are all opinionated people. Take what you want and ignore the rest. It's that simple I do follow Nomad Capitalist, while I may not agree with everything he says, he has a lot great points, and he has challenged my stances on certain things. This is why I follow him. To be honest, I don't think you should ever agree with anyone 100%. That stunts intellectual growth.
@marcalcober3672
@marcalcober3672 4 жыл бұрын
Its actually a little bit more than the foreign earned excuslsion because you have the deductions, too
@citygalmelanieproductions1431
@citygalmelanieproductions1431 4 жыл бұрын
I always notice “hand signals”. How hands are placed in resting position. Don’t you? 😉
@DiegoFernandez-jc7yp
@DiegoFernandez-jc7yp 6 жыл бұрын
Hi, I am from Peru and I want to start selling digital goods to US customers. I want to know if I have to pay taxes for withdrawing money to a US bank account from paypal. I would like to move to Panama where there is a territorial taxation system so if I withdraw money from paypal to a US bank account would I have to pay taxes? Because I have to have a physical presence in USA to pay taxes which I don't, and for being in Panama foreign income is not taxable, is this legal? Thank you.
@synd7700
@synd7700 7 жыл бұрын
27:33 North Africa is a safe place for Europeans but for the rest of us I would refrain. I like these videos. The context he post is very insightful however he is only telling us the story from his experience meaning that it all varies base on the individual. He is a white western English speaking male and we all know that is a privilege they have in this world.
@SuperToughFish
@SuperToughFish 6 жыл бұрын
White privilege alert. Thanks for the disclaimer warning.
@BudLeiser
@BudLeiser 7 жыл бұрын
Not single straight forward answer out of him. Philosophical nomad champion 2017. BLEH
@damienlee54
@damienlee54 7 жыл бұрын
I have heard that Australian citizens are not required to report their income earned outside of Australia, is this true? As an American, we're required to report any and all income to the almighty tax-man.
@ChristheFreelancer
@ChristheFreelancer 7 жыл бұрын
Can't tell you for sure but it would involved changing your tax residency. If you're not a tax resident of Australia, you don't have to pay tax on foreign-earned income. www.ato.gov.au/Individuals/International-tax-for-individuals/Work-out-your-tax-residency/
@damienlee54
@damienlee54 7 жыл бұрын
Chris the Freelancer Thanks Chris, good info here.
@renatika
@renatika 4 жыл бұрын
Is it only me that find Andrew waffling? He talks ab structure but there is none in his explanation, I found out nothing here...
@fatbalduneducatedtatooedlo4950
@fatbalduneducatedtatooedlo4950 4 жыл бұрын
He is a professional con artist. You have the whits to see it. Many others do not. You are fortunate.
@MrCard031584
@MrCard031584 5 жыл бұрын
I'm just a home flipper working for investors. Making about 4-5 grand a month in Las Vegas, NV. Can I escape the US?
@MrCard031584
@MrCard031584 5 жыл бұрын
Please help me escape the US!
@ChristheFreelancer
@ChristheFreelancer 5 жыл бұрын
I don't know what commitments you have in Vegas but 4-5 grand per month is a lot of money in most of world.
@panchovilla5301
@panchovilla5301 7 жыл бұрын
I don't envy you guys. You're working an issue that precipitates a lot of ENVY/JEALOUSY. As you're on youtube, you're also in front of a lot of ignorance. It has been said that the 'masses are asses' meaning ignorance.
@magdawozniak889
@magdawozniak889 5 жыл бұрын
It always brings a tear to my eye when I think about your sad early life and how you never fit in. It is a pity because in the US we are so gay tolerant. Then again, you grew up in Ohio and Arizona. Keep the faith.
@toddshaw6457
@toddshaw6457 5 жыл бұрын
Magda Wozniak, I grew up in in Arizona. It can be rough. But I believe a man has got to stand his ground regardless of his sexualality.
@esuus
@esuus 6 жыл бұрын
What an incredibly unlikable guy! And he is so greedy with useful facts, this is just a sales pitch for getting individualized consulting from his company. Very little useful information for half an hour. Chris, can you find someone useful to interview on that topic?
@GilesThomasWholeDesignStudios
@GilesThomasWholeDesignStudios 6 жыл бұрын
Doesn't seem like an expert or reveal anything that is not common knowledge
@Crowellnoob
@Crowellnoob 5 жыл бұрын
I came to your account hoping to get finally some answers after watching Henderson for a while. Pam, Henderson not giving one straight answer for over 20min. Mmm.
@tfs7033
@tfs7033 5 жыл бұрын
Crowell Crowell true . Not getting straight to the point.
@fatbalduneducatedtatooedlo4950
@fatbalduneducatedtatooedlo4950 4 жыл бұрын
That's because he is a con artist.
@dangermandave67
@dangermandave67 4 жыл бұрын
HSBC sucks. My mate in Bangkok had his account closed arbitrarily by the bastards after he'd been doing business with them for years. Don't bother with them. It's really important to get good advice so you don't end up building a structure around something (like HSBC) that doesn't work.
@ELI-nu2ip
@ELI-nu2ip 5 жыл бұрын
Chris failed at the at being a digital nomad
@ChristheFreelancer
@ChristheFreelancer 5 жыл бұрын
You failed at that sentence
@ELI-nu2ip
@ELI-nu2ip 5 жыл бұрын
@@ChristheFreelancer thanks for reading, how is your maid- I mean girlfriend, she needs that nomad fit program
@fatbalduneducatedtatooedlo4950
@fatbalduneducatedtatooedlo4950 4 жыл бұрын
No he didn't fail. You don't understand what the DN movement is all about. It's about spreading delusions of grandeur in order to lure naive suckers into the dream. Once you got them hoked you sell them ebooks, curses, etc. teaching them how to make money as a DN. Of course it's all a scam but the real DN business model is selling the dream of being a DN. It's a huge scam and Chris has played a pivotol role.
@alyssaallen8605
@alyssaallen8605 4 жыл бұрын
@@fatbalduneducatedtatooedlo4950 loool ur name says a lot
@samjohnson6712
@samjohnson6712 5 жыл бұрын
CD's? Much too conservative. Surely you didn't make your money in this quaint old way.
@simonmenges4006
@simonmenges4006 5 жыл бұрын
Pretty much common knowledge.
@RoyalHippieGangstercom
@RoyalHippieGangstercom 5 жыл бұрын
In summation: 1. Your situation is unique...the advice/guidance you receive should be as well. 2. You can pay $29.99 for this 'advice...or....you can pay ten's, if not hundred's of thousands. 3. In your personal cost vs. benefit analysis of tax reduction/avoidance, it would be wise to consider the cost of 'hoop-jumping'...(i.e. do you like living life like a cocaine smuggler). - You'll notice the young lads coordinated their outfits...short pants and short sleeves. You'll also notice two couches and an end table...right in front of a doorway!?? Do these dudes look like they've got 'it mastered? Is this what 'high finance looks like? If you saw these two greeting you at a bank you were considering doing business with, what would go through your mind? No shade. Maybe they're the BEST in the world at avoiding taxes. They just don't look like it. - (take note of the dollar amounts mentioned, when dollars were mentioned) - Here's some advice...and it's FREE...(in other words, it's worth NOTHING). Starting from one of the most draconian tax dungeons on planet earth, California... 1. Domicile yourself in Nevada...with a 'vacation home on the nevada side of lake tahoe, or vegas. (get address, cable, utilities, Driver's License, auto registration, annual dentist and doctor appts., etc. all in nevada) ((wanna get 'ill?...put your own personal 'cloud server in your tahoe condo, and then VPN into and through that server for 'work))...((now you have a nevada IP address, 'offsite data backup, and a source of heat for your mountain chalet)) 2. Incorporate in some way. (have the corporation provide housing...wherever you'd like) (have the corporation donate (up to) 30 percent of it's adjusted gross income to a charity...maybe your own private family foundation) 3. Pay yourself (under double taxation...i.e. 30%) a $36,000 'salary. (be certain to stay in lowest tax bracket) 4. Pay yourself 'qualified dividends. (at a 21 percent corporate tax rate, and zero personal income rate) 5. Move about earth freely...as if you weren't being hunted. In other words, for a cost of about 20 percent of the money earned, (~15% if you 'donate the full 30% to 'charity), (even less if you're 'good with "corporate expenses"), you are free to get your clothing from a chest of drawers rather than a suitcase. Of course, you can still be 'nomadic if you please. As opposed to 'having to be. - These boys walk a fine line between being nomadic for pleasure vs. being a (tax) fugitive on the run.
@saulocamposi
@saulocamposi 4 жыл бұрын
That's totally not fair I've spend lots of time watching this interview and you guys say nothing conclusive about where I should open my company to start my businesses as digital nomad.
@algife
@algife 4 жыл бұрын
You're missing the whole point seems. Think by yourself. Things keep changing, do your own research or hire an expert to give you custom advise for your situation (like the holistic approach of Nomad Capitalist). There is a lot of small pieces to put together about this.
DIGITAL NOMAD TAX ADVICE ♡ THE NOMAD CAPITALIST
17:26
Digital Nomad Girl
Рет қаралды 40 М.
Sydney for Digital Nomads | Cost of living, Coworking & Where to Stay
15:04
Chris the Freelancer
Рет қаралды 11 М.
3M❤️ #thankyou #shorts
00:16
ウエスP -Mr Uekusa- Wes-P
Рет қаралды 15 МЛН
One of the Greatest Speeches Ever | Steve Jobs
10:31
Motivation Ark
Рет қаралды 34 МЛН
Doug Casey: Third World Countries vs. America
16:52
Nomad Capitalist
Рет қаралды 108 М.
How to Become a Digital Nomad for Beginners (Full Tutorial)
20:28
Charlie Chang
Рет қаралды 94 М.
MOROCCO FOR DIGITAL NOMADS (INTERVIEW)
22:08
Chris the Freelancer
Рет қаралды 10 М.
Forming a Singapore company: Pros and cons
3:50
Nomad Capitalist
Рет қаралды 44 М.
How to Make Money $ on the Internet: A Guide to Becoming a Digital Nomad
16:12
Around the World in 130 Days (My Post-Pandemic Story)
8:13
Chris the Freelancer
Рет қаралды 17 М.
Pipa Brazil 🇧🇷 A Digital Nomad Guide
10:50
Chris the Freelancer
Рет қаралды 18 М.
7 Factors for Offshore Bank Accounts
15:53
Nomad Capitalist
Рет қаралды 32 М.