Where to Retire with $1 Million and Live Like a King
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Күн бұрынnomadcapitalist.com/
If retiring earlier than usual and living like a king is your aspiration in life, you should first ask yourself: "What does living like a king mean to me?"
Here at Nomad Capitalist, we believe that having your own home in a country with low or zero property tax is a good way to start building that "royal" lifestyle since you'll be much calmer and safer and not influenced by rents going up.
Also, having stable investments that'll give you constant income in the years to come and banking in countries with higher interest rates is preferable.
Having said all that, we've picked two regions that are the most suitable for someone who wants to live like a king and not spend a fortune - South America and, even better, Eastern Europe.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: nomadcapitalist.com/about/and...
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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.
@Invest4Cash-Flow 3 жыл бұрын
I was born in Yugoslavia (Serbia ), grew up in Germany and moved to USA 🇺🇸/ MIAMI . I travelled the world extensively and I fully believe it’s 🇷🇸 SERBIA / Belgrade for lifestyle, geographically perfect , housing , and so on .... My other half is from Montenegro ( I call it south Serbia ) , a great place to enjoy the summer.... a beautiful house on the mountains with ocean view , maybe for around 50-100.000usd ....
@simplyunrelated 3 жыл бұрын
Totally agree with you. My parents are from Bosnia and Serbia (mixed marriage) I was born in Germany and grew up in Serbia until the age of 24. I now live in NJ (for past 26 years) and looking into going back to Serbia. As we both know, people are great and heartwarming, real estate is very affordable and before buying it pays to rent first (less than $200 month). Food? Food is cheap and to die for. There's something for everyone, no matter the taste or eating habits. To everyone reading this comment: welcome to Serbia!
@briang2034 3 жыл бұрын
What I’m reading right now seems like a dream. Living in America and born in Chicago. We all were denied this information as children, don’t get me wrong, I was spoiled. came from a good family, ski vacations. good education. But look at what’s happening in the world today. I thank every single one of you for this information. If you want to know some of my knowledge we can share it right here. I’ve been obsessed with knowing the truth on planet earth my whole life. Be strong everyone were in some interesting times.
@jdhjimbo 3 жыл бұрын
I really like Novak Djokovic and his attitude on life and he is from Serbia. I was in Belgrade in 1971, while part of Yugoslavia, so I think it is very different today.
@jdhjimbo 3 жыл бұрын
@@briang2034 The North side suburbs of Chicago are nice and the Gold Coast, but the mayor of Chicago is a loon and awful and there are 100 shootings every weekend. Michigan Ave is still nice, but the greater area has gone down and taxes in ILL are awful - why it has the highest pct of people leaving any state, and weather sucks!
@nomadvehr827 2 жыл бұрын
@@simplyunrelated I agree it may be viable. As a half Croat myself I visited Belgrade a few years back and actually had a lot of fun there. I can relate a lot in spite of my deficient command of he language, but at least enough to get by. Croatia real estate prices are beyond insane these days. I made the big mistake of buying real estate in Spain, taxes there are insane.
@LAM_AUT_ECU 3 жыл бұрын
Sound advice. I have lived in 6 countries on 3 continents and I'd just add this: 1) Pick a small city, oftentimes being just an hour away from a major city will spell a great cost/benefit improvement. 2) If you have little to no experience living in very different cultures, stay close to home. You could pick a small city within your own country, in a more rural setting and have the best of both worlds. If you are adventurous you could live like an emperor on 200K, but like a local rural emperor, that is, local heath care, local food and clothing, few (if any) people speaking English, limited travel, modest cars, etc. Remember, a Ford Explorer is considered a luxury car in 70% of the world. If you plan on taking your Bentley to a rural setting in Colombia, the closest dealer will be thousands of miles away.
@thenigerianfile 2 жыл бұрын
Number one is spot on. You also have to be willing to not go with the crowd.
@barry4848 4 жыл бұрын
Generally great advice. The costs are increasing in Asia. Philippines, Penang Malaysia and Vietnam are still good places. I absolutely disagree on buying a home...rent. Most foreign real estate is easy in....hard out. If you have very little travel experience do not "peel off 100-200k" to buy a house....rent for at least one year, ideally longer. Most expats do not last beyond 7 years. Rent is incredibly good value in all of the low cost countries and gives you amazing flexibility. Do not discount language barriers, safety issues of latin America. My two cents after traveling to 115 countries.( My pick is Penang as a base)
@nomadcapitalist 4 жыл бұрын
Very true for many newbies.
@kenlewis2253 4 жыл бұрын
Great real estate advice, but Penang isn’t my cup of tea
@kathya1956 3 жыл бұрын
What do you mean don’t last?
@barry4848 3 жыл бұрын
@@kathya1956 most expats return "home" within 7 years- they do not last, long term in their foreign home
@C_hoops1958 3 жыл бұрын
Great advice. Thanks
@jonwebb9022 3 жыл бұрын
I live better than a King here in Vietnam . 6 years ago I married a fantastic Vietnamese lady . After some astute property purchases we have built a debt free multimillion $ business. Vietnam is set to become at the very least an economic superpower in Asia. Vietnam is full of wonderful self reliant people . It's a beautiful country with lots of style and culture as well as a fantastic climate. Vietnam is where the action is. I am a Nomad Capitalist fan. Jon
@EnglishTodayOnline 3 жыл бұрын
I have chosen Bali, Indonesia but would love to learn more about Vietnam
@jt8142 2 жыл бұрын
The people in Northern Vietnam are a lot less friendly than people in the South. Hanoi and the cities/areas nearby are very distrustful of foreigners due to the strong communist influence. You will be watched there. 👎
@KS-qy5lt Жыл бұрын
Hi Jon, what are living expenses like there?
@StigFerrari Жыл бұрын
I moved there but couldn’t stand the constant noise. Wouldn’t risk driving either, Then the language barriers, Cultural challenges So back home to England and living on less (on a Western / carnivore diet) Glad I didn’t buy property, but there was money to be made after China started to move production there to avoid sanctions.
@nathanthomas1742 5 жыл бұрын
Now do living like a king for 50 dollars.
@nomadcapitalist 5 жыл бұрын
Nathan Thomas 😂
@James-vj5hz 5 жыл бұрын
A Burger King.
@jonathandennis7 5 жыл бұрын
J Barnsley you win! 😂
@shazzzam79 5 жыл бұрын
I'd still have to save for that. *Sigh*
@chinux 5 жыл бұрын
Venezuela 😂
@dustinwiggins3686 4 жыл бұрын
Thank you for the great Content Andrew. You do a great job. Living in the USA can be awesome and also restricting. I don't see myself being a Nomad probably ever but I greatly enjoy learning from your experiences!
@stevenoliver9728 5 жыл бұрын
I think the first thing someone needs to decide is whether or not they want to live in a large urban center or if they would prefer a smaller, quieter community. Not needing to be in the most convenient part of a large city will offer more possibilities to get great value for your money.
@john22222 5 жыл бұрын
Wow, Very interesting video, especially about South America and Eastern Europe. Lots of great ideas, Thanks Andrew!
@nomadcapitalist 5 жыл бұрын
Aaron Biggins My pleasure
@ursa81 5 жыл бұрын
You need to make an Audible audiobook man 🤩 great work
@Johndoe10007 5 жыл бұрын
I owed an apartment in Budapest Hungary 🇭🇺 for 15 years it’s an awesome place to be in many respects but the winter weather is well winter ❄️
@Johndoe10007 5 жыл бұрын
donkeyenvious I sold it because I had been visiting Budapest for 15 years and felt it was time to move on get a 2nd home by the ocean . I’ve never bought such a place because I’ve not fell in love with another place like I did with Budapest. I’m a real estate developer / investor and have been for a long time and selling my apartment in Budapest on the Danube facing the palace is thee only piece of real estate I have ever regretted selling in my life...... Budapest is an truly awesome place
@Johndoe10007 5 жыл бұрын
donkeyenvious I bought an apartment in 2001 on terez korut and I had it until 2006 then I bought an apartment in a building directly facing the palace on the pest side next door to the Marriott hotel , it’s the only apartment building on that stretch facing the palace , it’s hotels left and right of it. It was a world class price of property with all its views and I should not of sold but hey ho such is life. For me Budapest was a place to relax in between my busy work life . I would if typically went and went to the baths and all the usual things you’d do in a city however Budapest’s like Paris without the high prices and massive crowds .... where you from? I live in Ireland so it’s 3 hr flight
@Johndoe10007 5 жыл бұрын
donkeyenvious what I liked about Budapest was it like an under stated class place which is in expensive and a sophisticated culture with no little feeling of booze culture . I have yet to find a Budapest by the sea with nice weather . The most similar place I have been too would be sone of the Greek islands 🌴 Can you suggest anywhere
@Johndoe10007 5 жыл бұрын
donkeyenvious good luck on your search
@inthewind3976 4 жыл бұрын
Why do you feel it was such an "awesome" place to live? Just curious as I lived there and felt the complete opposite.
@kagl2468 3 жыл бұрын
Your channel is so relevant to myself . Everything talked about is top shelf . I just wish I found it sooner.
@RevolutionaryLifestyleDesign 5 жыл бұрын
Great video as always, enlightening
@nomadcapitalist 5 жыл бұрын
Thank you! :)
@FRANKYB357 3 жыл бұрын
Dominican Republic to me is a pretty stable, convenient, and inexpensive place to live. Food is good, the women are Gorgeous, and the LiQuoR is Fantastic. Kudos to you Mr. Henderson !!
@surajbhatia69 5 жыл бұрын
Your advice is just wonderful , love listening to u . Thanks bro 👍👌
@nomadcapitalist 5 жыл бұрын
Glad to have you, Suraj
@PujaInfoTV 5 жыл бұрын
Love it. Thank you, Andrew 🙏🙏🙏
@nomadcapitalist 5 жыл бұрын
AnastasiyaAndersCom 🥰
@standanielsson1194 3 жыл бұрын
Dad moved to Zihuatanejo, Mexico and mom to Altea, Spain and they Love it! Good pricing, secure, lovely weather, nice culture and friendly people. I live in Sweden, but planning to move to one of those places in the future.
@nomadcapitalist 3 жыл бұрын
Glad to hear your experience, Stan.
@speedendurance 2 жыл бұрын
That's where Andy & Red ended up :)
@scottanderson9656 5 жыл бұрын
Someplace warm with good infrastructure and medical care.
@joeblow5178 3 жыл бұрын
Cuba ?
@gwarlow 3 жыл бұрын
Costa Rica?
@venusreena2532 3 жыл бұрын
Yup
@SenorJuan2023 3 жыл бұрын
But VERY LITTLE humidity!
@laughingBun 3 жыл бұрын
@@joeblow5178 lol
@rrcw320 5 жыл бұрын
Very interesting. Thank you
@kaffeine69 3 жыл бұрын
How do you talk like Sheldon and Tyler Henry at the same time 😂 I love it!!
@studentchaoren9805 5 жыл бұрын
Great video. Great topic!
@brightpage1020 3 жыл бұрын
I know a lady who retired early with 1 mil in the U.S. at 34, but then got married and had 4 kids... Now the youngest is about to start preschool, so she's exploring her career options to head back to it. Life can be unpredictable...
@jackieboy1593 Жыл бұрын
The first mistake was retiring in the US with only 1 million. The second was choosing to stay in the US and have kids there.
@brightpage1020 Жыл бұрын
@@jackieboy1593 lol agreed
@spinalcrackerbox 3 жыл бұрын
As someone who's been coming to Cambodia since 2003 & moved here in September of 2019, I have this to say: While it's correct to say that land prices have gone up, the same doesn't hold true for rents, which are for units in mostly already existing apartments anyway. In addition, a decent income here for a local is $300. There isn't much room to go up. Also, demand for new apartments is down, as is the economy. Furthermore, prices outside the capital are lower still. You can still find a nice apartment - basically your own small house for $150 in say, Kampot.
@benkim2016 2 жыл бұрын
And 6percent interest on a mil will give you 60,000 usd a year, good enough to spend 5,000 bucks a month on rent and food and save the remaining for more banking!!
@nightvvisher7713 4 жыл бұрын
im already living in belgrade, so now all i need is million dollars, can anyone help? :D
@maryannwaters339 3 жыл бұрын
😂😂😂
@joeblow5178 3 жыл бұрын
Move to Canada. (all you need is a job and your in) Most Canadian's have at least 1million. / true.
@nightvvisher7713 3 жыл бұрын
@@joeblow5178 my father has friend who fled to Canada during war, now he lives there and goes to vacation here every year, he said that if he was to sell everything he has in Canada and come here he could do nothing and live like king for rest of his life, but he doesn't want that for some reason... but I don't want to work xD I wanna sit and play games whole day every day and do nothing xD Just finished college, so I wanna retire now :D
@wanderingdoc5075 3 жыл бұрын
How is the dating / women in Belgrade? I'm native Eastern European, successful mid-30s fit guy
@DhilipNexus 3 жыл бұрын
@@nightvvisher7713 lol. Wow nice have a small money making hobby. Not hardworking
@MM-qw6dp 5 жыл бұрын
Interesting ideas. Thank you
@capitalistrebel9358 3 жыл бұрын
I will be very interested on hearing your take on Poland. Pros and cons if possible .Superb content as always . thank you
@garciatunion 5 жыл бұрын
I'm 32 years old, at the moment I can live like a king in Lombok in a Villa, but who knows in the future
@EnglishTodayOnline 3 жыл бұрын
Lombok is an awesome option , I will retire in Bali and visit Lombok for variety
@edpowers3764 3 жыл бұрын
I think you’re spot on. I am just now finishing the process of getting my dual citizenship with Bulgaria (I’m American but my parents are Bulgarian) and while I know you’re not a fan of BG, it has those same benefits that you see in the other Eastern European countries. I have this dream of accomplishing this hack but I’m by no means a 6 figure entrepreneur. Currently I’m a data scientist but I definitely have some business ideas. Still young so we shall see...
@dannysze8183 4 жыл бұрын
andrew, thank you very much.
@carolinekaplan542 3 жыл бұрын
Believe it or not I’m back in Michiana after 35 years in Chicago. It’s two hours to go back to Chicago for when it reopens. There are lovely beaches , cheap houses and farms. It’s a wonderful area year round. Doctors are fantastic. Notre dame university offers football and concerts. You can zoom to meetings from here. It’s a quick flight to Florida or Mexico or a cruise in February. There are vineyards and fruit areas all around. Michigan doesn’t tax your 401 k withdrawals. The property taxes are nothing compared to Illinois and Chicago area. Sometimes you don’t have to go to the Ukraine or Belorussia to retire. My relatives that were left there were put into pits in the forest with bullets unless they won a train ticket to treblinka. Healthcare is wonderful here. I’m doing orthopedics in south bend with wonderful doctors. You either pay cheaply through the exchange or you get Medicare when you are old enough. I’ve been through the Panama Canal Mexico and lots of central America. I love visiting Europe. But you don’t need to give up your citizenship to live in Belize or Serbia or Malaysia. You can reside in the us and travel during winter comfortably.
@domceja62 4 жыл бұрын
I agree with your sentiment on Armenia! I moved here in 2019
@thatbodybuildingguyyoulike9228 5 жыл бұрын
Very informative and helpful thank you!
@stephenhooper2249 5 жыл бұрын
Married a Ukrainian women 15 years ago. Have a apartment paid for In Southern Ukraine. Very cheap to live. Went from 5 hyvnia per dollar to 26 hyvnia per dollar. The country is a screwed up and corrupted but the women are beautiful.
@saosaqii5807 4 жыл бұрын
Stephen Hooper nice
@vinsokukan1879 4 жыл бұрын
Okay nice, Stephen but where are you now?
@Speedy300 4 жыл бұрын
Are you here to talk about the women?😂😂😂You are very funny guy.
@benmarxxshow 4 жыл бұрын
LMAO. You live in a country with beautiful women....and decided to get married?!?!?! That's like being on a diet and moving in to an apartment above The Cheesecake Factory.
@vinsokukan1879 4 жыл бұрын
@@benmarxxshow I was gonna say the same he's gonna be tempted to eat every kind of cheesecake
@jackiebridges3476 5 жыл бұрын
I'm happy in my one bedroom log home in nature it's free no amount of money can buy my peace of mind and loving nature on very little money no TV and no I never get bored it's all in programming of mind and my whole life is blissful.
@1995yuda 4 жыл бұрын
Living the good life.
@iawarenow658 3 жыл бұрын
exactly well said..
@floaretudorache9287 3 жыл бұрын
Love the idea to have peace live in cabin somewhere not too far from towns. I would not care to be somewhere where I don’t know anything about. Why do I listen to this
@KikiAndJeffreyPearl 3 жыл бұрын
LOVE IT!
@randyirvine5858 3 жыл бұрын
Yes. All the rich people I know dont seem happy🤣
@MetaMM 5 жыл бұрын
I've never planned for anything in life, and suddenly I found myself living back in Jakarta, Indonesia, my own country and in a Balinese villa after having lived all over the world with my late Italian husband who I lost 5 years ago. I remember I didn't even understand pension as I've always been a home maker. After giving up Italy a year ago, so far, it was the right decision as to return here living on my dearest late husband's pension where thank God, the villa that has market price of 1 million is owned outright by me. However, I am paying stogare in Milan that I wish I don't have to so I do live frugally. Unless someone offers me the right price to my house I am open to sell. If not, I have an ongoing BnB business albeit not a consistent monthly income.
@EnglishTodayOnline 3 жыл бұрын
Bali and Lombok are great options for retirement
@wavemastery1786 4 жыл бұрын
Good video ! Thanks.
@rustomk1122 5 жыл бұрын
You can live like a King in parts of Thailand and Vietnam. The problem is the really long flights if you want to come back to N. America once or twice a year. For places closer to home, Mexico, Cuba, Costa Rica and yes Colombia are also definite possibilities, although getting residency may not be that easy. If you can stand the really hot climate Belize is a great place, with the added bonus that everyone speaks English.
@Alex-qb1nt 5 жыл бұрын
Then come the question of the healthcare, and thai/VN are not the best place for this unless you have a lots of money
@williedaniels3882 3 жыл бұрын
But crime against foreigners in Belize is a problem.
@alohastateofmind3565 3 жыл бұрын
No need to buy a house, renting is always a better option especially in a low cost of living country.
@warrentrout 3 жыл бұрын
Sometimes better. Not always. I bought a condo in Santa Cruz for $200k 25 years ago. Now it rents for $4000. No way rent is cheaper!!!
@eleveneleven572 3 жыл бұрын
Also helps you up sticks and move on if you want/need to. Many people got stuck with property in Spain and Thailand to mention but two countries in the past 15 years.
@glenw3814 3 жыл бұрын
For me, part of living like a king is having someone else worry about house repairs, upkeep, the neighborhood, and taxes. I love renting. And, when I get tired of a place I just pack up and head out for new adventures.
@alohastateofmind3565 3 жыл бұрын
@@glenw3814 Bingo!
@Archonsx 3 жыл бұрын
Not true, owning a house it’s always better, especially when it’s in a good place and you can sell it for more years later, and why make someone else rich every month? you’re losing all that money, where if you bought, you’ll get that money back.
@scrabbe1 5 жыл бұрын
Focusing ONLY on the money side of things is very misleading. Whatever country you choose, you'd better be able to learn the local language and be in a culture that appreciates foreigners moving in else you will never get a sense of belonging. Also, some of these countries are so boring after a while that you would feel trapped, and Tbilisi is one of those places. All the money in the world won't make you feel like a king there unless you are Georgian or Russian. It's all about the feeling Andrew, not the dollars in the bank account.
@MenofHighValue 4 жыл бұрын
Steve C if you move somewhere with all your favorite people, you can have a blast no matter in the world you go!!! That’s the key ;)
@wavemastery1786 4 жыл бұрын
Clever insight!!
@thomashilmersen711 3 жыл бұрын
How can you be bored in Georgia?!? It has lots of culture and the most amazing nature I've seen!
@xomox5316 3 жыл бұрын
@@thomashilmersen711 Living and visiting not the same thing
@thomashilmersen711 3 жыл бұрын
@@xomox5316 That is true. I lived in Medellin, Colombia for several years and was bored out of my mind there. It is fun to visit for a week or two, though.
@rickc.3552 5 жыл бұрын
Belgrade is a great place for single guys. The women are stunning too, even better than the States, IMO.
@christopherw179 5 жыл бұрын
The US is one of the worst countries in the world for women. The odd good one but generally very poor. Try Russia, St Petersberg specifically. 75% of women are beautiful and friendly
@christopherw179 5 жыл бұрын
@Milktank ™ I'm not really into asian chicks so can't comment. I think all women are gold diggers, at least Russian ones are honest about it and you get a good return on your money in the bedroom haha
@nomadkickbox4049 5 жыл бұрын
Belarus is a another playpen 4 single guys only on the cheap - hands down!
@albertl.9146 5 жыл бұрын
@@christopherw179 yeah the moment you get an American woman, you are signing your own death certificate. I'm glad I got rejected by them all and none spread legs for me during my time living in the US, because if they did I'd be locked in for 20 years of child support. Now, I packed my bags and moved abroad - anywhere is better than the US for women.
@christopherw179 5 жыл бұрын
@@albertl.9146 English girls aren't much better. Their attitudes are horrible. Spoilt brats with high expectations and no loyalty. Much better off with Eastern European, Russian or South American women.
@babukuriakose5279 5 жыл бұрын
Good topic.. Keep going
@dongshengdi773 3 жыл бұрын
Philippines, outside of Manila. All foreigners are welcome, No.requirement. just apply visa or permanent Residence. EASY Peasy
@dakotaiv 3 жыл бұрын
Warm weather and proximity to kids & grandkids is important for me. So, I'm looking at Mexico, Panama & Costa Rica. Not the cheapest, but some places are very affordable. Weather is great and flights to the U.S. are direct and readily available.
@nomadcapitalist 3 жыл бұрын
Thanks for sharing Dan!
@briang2034 3 жыл бұрын
Honestly I’ve been to Costa Rica and I can say it’s safer than Panama or Mexico. Find your tribe make a lot of money and protect your love ones
@VegasNegus 3 жыл бұрын
40 years ago we would have called this lifestyle of yours the "PT " (Perpetual Traveler) lifestyle as espoused in the books by Bill Hill (nom de plume). I still have an original set of these books and finding your channel reminded me of the dreams I had then to live as you do now. I still hope to embark on this worldwide lifestyle adventure someday. Made so much easier now by the gig economy and Internet. Much continued success to you!
@nomadcapitalist 3 жыл бұрын
Much thanks, Jay.
@maxflight777 3 жыл бұрын
Jay nice comment
@simpleiowan3123 3 жыл бұрын
You folks might ALSO want to consider where is SAFEST should the SHTF. Millions in the bank don’t matter if in a country where you could be deported or worse should things go south.
@milosnikolic4 3 жыл бұрын
Hello from Serbia. When you come next time be my guest in south part of the country.
@nomadcapitalist 3 жыл бұрын
Oh so kind from you😍 Thanks a lot!
@feliksobertman2103 3 жыл бұрын
Hi
@chrismccullough5107 5 жыл бұрын
Thanks
@carefulconsumer8682 3 жыл бұрын
Eastern Europe is rising again with safe streets, great foods, stable government, etc Maybe a great choice! Very friendly there also i read. If I had a million I would look at Uruguay also. I read they have the best health care system in South America. Great video. Thanks.
@AussieMoneyMan 5 жыл бұрын
Very interesting topic, heard stories of Italian mafia members doing this.
@venusreena2532 3 жыл бұрын
doing what?
@davidg5629 3 жыл бұрын
Yeah. Check out Sexy Beast with Ray Winstone. Great movie.
@markwalker8374 3 жыл бұрын
@@davidg5629 or the TV series Lillehammer where a Mafia snitch is moved by the Feds to a location of his choice and he chooses an alpine town in Norway
@faithdimmer4034 3 жыл бұрын
One minor correction, people want to live in Namibia, not everyone knows about it, but German, Dutch, South African expats love Namibia, check out the town of Swapkomund and tell me you could not live there. It's not super cheap, but with 200k USD and 35k a year income it is amazing. Keep up the good content!
@synewparadigm 3 жыл бұрын
How do you get papers to live there?
@keemiel4005 3 жыл бұрын
Namibia looks beautiful
@jg5308 3 жыл бұрын
I had the exact same thought! I was lucky enough to be stuck in Swakopmund during the COVID lockdown for 4 months. Had the best time ever there even though there was a pandemic. Quality of life is very good if you have western currencies. Namibia is a dream and very attractive for western retirees and other parts of Africa are not bad either. I don’t think he has seen much of Africa.
@v0calbeatzlaughs 5 жыл бұрын
My answer would probably be either Colombia or Brazil for South America and probably Malaysia or the Philippines for SE Asia.
@Chahlie 3 жыл бұрын
Comments are very enlightening. I always wished I had become an anthropologist :) Just go where you are happy....
@kbunky69 5 жыл бұрын
do you plan on doing a follow up book or new edition of it
@ashvoj 5 жыл бұрын
Depends on your criteria. Mine are: 1- weather/climate: should not be too hot/humid or cold 2- high standard of healthcare (i.e. like Japan or Germany) 3- safety 4- food safety, clean water, etc 5- language 6- modern infrastructure, housing and facilities 7- cost of living 8- loneliness, homesickness factor 9- food, cuisine 10- availability of products 11- racism (foreigner factor), friendliness of people 12- beautiful women :) 13- no snakes, spiders, lizards, scorpions 14- tax friendliness 15- would I live there if money was not an issue?
@ashvoj 5 жыл бұрын
@Ken Able that's the 64 thousand dollar question. I'd say some parts of the US and Europe check most of them
@ashvoj 5 жыл бұрын
@Ken Able Southern California (Orange County), and Portugal/Spain/Italy
@jakartaman3365 5 жыл бұрын
born free So are the Earth Rises.
@asterisk911 5 жыл бұрын
Wait... a country that doesn't have snakes or spiders or lizards or scorpions? I mean, maybe not all 4, but does any country really have NONE of those critters? (I don't know about scorpions, but I live in urban Hong Kong, and I see snakes, spiders, and lizards ALL THE TIME).
@chrisj8764 4 жыл бұрын
New Zealand fits most of those
@Diogenes515 5 жыл бұрын
Thanks for this thought-provoking video. Two comments. Firstly, your proposed solution seems to involve a big commitment to a chosen location and hence a trade-off against future location independence. Have I understood that correctly? Secondly, you mention in passing that you have some reservations about Asia for this purpose. Could you say more about what those are, please? All good wishes!
@nomadcapitalist 5 жыл бұрын
Adrian Fletcher Asia will likely rise in price faster than other places, hence harder to future-proof.
@lucchabot7305 2 жыл бұрын
Love your channel....Very good work.....I’ll have a look to Belgrade
@arisgod2749 5 жыл бұрын
Greece. Being Greek I know you can live very well with a million dollars. If you do the 4% rule (basically buy dividend aristocrat stocks that pay more than 4% in dividend yield) you can live very well in Greece at about 3K Euros a month.
@sunmand6136 6 ай бұрын
How expensive is the healthcare in Greece ?
@petertoh355 3 жыл бұрын
One of my alternative home in China and live super comfortable and having great good food and visited many beautiful places in China. Now i am looking into South America to have "homes" 4 continents of the world
@petrusdijkzeul6698 3 жыл бұрын
In Bulgaria money last long, houses which are comfortable, furnished already, with price tag from about 40000 USD and above, and also with piece of land 1000m2 or more.
@hthought 3 жыл бұрын
I am reading good things about businesses there, in terms of taxation. Thinking of potentially opening up my ecommerce company there, sounds like a great place to do so and you can even rent small office/apartment space for like 200euros a month.
@GUITARTIME2024 3 жыл бұрын
Too bad the women have one long eyebrow.
@TheGlobalNobles 3 жыл бұрын
Great video. You should do a series on where to go with 2k, 3k 4K etc. a month also
@asyaidil 3 жыл бұрын
Come to South Turkey. Everything is cheap, cost of living is low, warm climate, sun shines 9 months and the most clean sea in the world.
@Chahlie 3 жыл бұрын
Turkey, Albania or Georgia for me! Just waiting for my vaccine :)
@michaeldemarillac9992 3 жыл бұрын
@@Chahliegood choice. I'll carry your bags.
@kathya1956 3 жыл бұрын
No
@tomd6103 3 жыл бұрын
Traveled there many times for business. Beautiful country, lovely people, great food, and affordable.
@williedaniels3882 3 жыл бұрын
But get rid of Erdogan first!
@choreomaniac 3 жыл бұрын
There are many places in the US you could live comfortably on the dividends of 1 million. That is low enough to be nearly tax free. Many other countries don’t have the same level of stability in real estate laws.
@conq3097 2 жыл бұрын
True. Live in a state with no income tax and invest in tax advantaged US dividend stocks
@JudgeDredd_ 5 жыл бұрын
Colombia is a good one. I’d also consider jumping on a boat in the Caribbean haha that’s the dream.
@nomadcapitalist 5 жыл бұрын
Judge Dredd Lots of potential in Colombia and several immigration options.
@jerrynix5206 5 жыл бұрын
You and me both Judge!
@jerrynix5206 5 жыл бұрын
@@shirleydiwert943 how do you find out about those jobs, mechanics?
@princephilipog1336 3 жыл бұрын
Great video - What are your thoughts on Brazil?
@mikadouglas6348 3 жыл бұрын
Have lived very well in Thailand (Bang Kwai and Bangkok), Chile (Renaca at the coast) and Puerto Rico (Humacao at the coast), all on USA Social Security.
@jeske100 3 жыл бұрын
You shouldn't go by the nominal interest rate but by the real rate. If the 10% interest rate in Georgia is accompanied by 8% inflation, you should consume only the 2% real plus maybe a little bit from capital depletion.
@v0calbeatzlaughs 5 жыл бұрын
The optimal answer to this question is really dependent on what type of king you wanna live like 😉😂 if I’m gonna die in 10 years. I want non stop opulence and indulgence 😂😂🤷🏾♂️
@v0calbeatzlaughs 2 жыл бұрын
@Fauci is-a-liar I absolutely do not want kids.
@Pyriold 2 жыл бұрын
non stop opulence and indulgence might *make* you die in less than 10 years :).
@v0calbeatzlaughs 2 жыл бұрын
@@Pyriold lol, I’m willing to take that risk if I’m going to die in 10 years 😈🤷🏾♂️
@safalshetty6284 3 жыл бұрын
This is an interesting topic
@mervynmontague1811 3 жыл бұрын
Interesting !
@jg5308 3 жыл бұрын
There are a lot of people that would love to retire in Africa. Especially Southern Africa. I don’t think you have travelled Africa enough and just have an opinion based on stereotypes. Look at Namibia for example. I’d love to retire there some day.
@craiggibson9725 2 жыл бұрын
I live in Colombia and I have found it to be very inexpensive, but in in Colombia there are cities that are super cheap and there are places like Medellin or Cartagena that can be quite pricey. The advantage that Colombia has is it's extraordinary diversity.
@NibrocNod 2 жыл бұрын
Considering moving there myself but concerned about the covid vaccine crackdown and how that might effect the economy, which will cause a rise in crime. Thoughts?
@bodyloverz30 3 жыл бұрын
My experience is, that I found El Salvador is very reasonable and San Salvador is a nice place in certain places. It used the US Dollar, but at 1/3-1/2 the price, of dining, services, etc. than Miami. Same is true in Panama, a great bargain, (check out the Canal Zone) that uses the US Dollar, but it is far cheaper than US. The Dominican Republic seems to be the best choice for bargain living in the Caribbean, alone with the Philippines in Asia. While in my travels I found both Brazil & Argentina interesting, they would be brutal to live in in. (Brazil for crime & Argentina for scary economics).
@SH-jg5zq 3 жыл бұрын
Thanks 😊
@korsveien 5 жыл бұрын
If you want a normal middle class life after 40 you can live on a million dollars if you own a house. Because the million should be used up by the age of 85. There is no point in having a million in the bank when you are dead.
@HotelEuropaBasak 4 жыл бұрын
there is a point, it s for your children.
@suzh5789 3 жыл бұрын
@@HotelEuropaBasak what if you have no children?
@gwarlow 3 жыл бұрын
@@suzh5789 Favourite charity perhaps? Food bank, Humane Society, etc.
@suzh5789 3 жыл бұрын
@@gwarlow I agree wholeheartedly!
@iawarenow658 3 жыл бұрын
exactly
@alexw8825 5 жыл бұрын
Can you do a video about investment in ecuador please
@muscleheadfireman2231 5 жыл бұрын
I would like to know too!!
@waynewayne7395 3 жыл бұрын
You are right.
@thomasj5722 4 жыл бұрын
South east Spain, nice villa with pool near the beach for 200k easily. 3 course meal for 10 dollars with wine... 3 best healthcare in the world! I don´t see the need to go so far into eastern Europe to find amazing places for nomads. Did i mention 320 days of sunshine and the best climate in mainland Europe. And crime is very low and the court system actually work if you get the short end of a stick one day. Low taxes, and if you just want to rent, you can rent a small apartment for as low as 200-300$ a month in decent areas.
@nomadcapitalist 4 жыл бұрын
Thanks for the ideas, Thomas.
@LuxuryTravelCamel 3 жыл бұрын
I like the idea of Spain. I have never been there but from what I have seen on TV property shows, the golf courses are amazing and the weather is great. I was in the Algarve a few years ago and it was lovely. If Spain is anything like that, which I believe it will be, I could definitely choose Spain as a place to live. Now I just need to get a passport that will allow me to do that, i.e. anything other than my South African passport. Bye, Charles.
@simonphelps5793 3 жыл бұрын
Please do a special on the country with the least COVID19 restrictions.
@StreetSmartMillionaire 2 жыл бұрын
Mexico, Colombia and Ireland as of Dec 6th 2021.
@simonphelps5793 2 жыл бұрын
@@StreetSmartMillionaire Ireland is one of the worst in the world. Mexico is pretty good, but Colombia is getting worse with COVID hotels and vaccine passports.
@Rachelleluluful 2 жыл бұрын
Def just want to live like a regular person but not have to worry about money. I don’t need a mansion or Ferrari or anything ridiculous. Just want to live comfortably. 😊
@TheDrStore 5 жыл бұрын
Some countries offer citizenship through property ownership.
@NotShowingOff 5 жыл бұрын
This will work for FIRE individuals the best.
@patelpatel9641 5 жыл бұрын
Any multicultural environment country is best option like Malaysia Thailand Singapore UAE and other options are Portugal Greece Spain if someone like European flavour
@kenlewis2253 4 жыл бұрын
Patel Patel - Singapore is far too expensive for a million dollar retirement like a King. Zero chance.
@milochka0607 5 жыл бұрын
What a cool topic! I want to be a queen in Georgia now! Wine, delicious food and handsome men! Thank you, Andrew! Your videos always inspire me to improve and grow.
@nomadcapitalist 5 жыл бұрын
Мила Шахбазян Thanks 🥰
@milochka0607 5 жыл бұрын
Pat Aherne or learn Georgian :)
@hr2079 3 жыл бұрын
Serbia might be a good place. Thank you for sharing bud
@brettweary8491 3 жыл бұрын
Absolutely Andrew
@promisedson7535 5 жыл бұрын
Trinidad and Tobago, no capital gains tax, great food, free substandard health care (or you can pay for better health care privately relatively cheap) lax tax system etc. really nice place...
@nomadcapitalist 5 жыл бұрын
Thanks for the suggestion.
@promisedson7535 5 жыл бұрын
@@nomadcapitalist thanks for the response, i consider myself a nomad as well and find your content very informative. Im also involved in the construction and realestate sector which is very attractive right now btw, if you need any info feel free to contact me.
@Photojouralist123 5 жыл бұрын
I’m an American living in Malaysia on a Malaysia my second home. It’s amazing been here for 23 years! I’ll never go back to Seattle! Cheap and I live like a king
@nomadcapitalist 5 жыл бұрын
John Ishii Thanks for sharing that, John
@jqueryrocks 4 жыл бұрын
Which city in MY are you living in?
@MrDobberdude 3 жыл бұрын
DaNang, Phu Quoc, Penang/Langkawi, Cartegena, Panama, Split/Dubrovnik,
@socawarrior2104 4 жыл бұрын
I been watching your videos very informative. What country will give you the highest interest rate
@hmmm....1910 2 жыл бұрын
High interest rates generally implies higher rate of inflation.
@mvs3553 5 жыл бұрын
Beautiful women in Eastern Europe.
@warrendarable 3 жыл бұрын
That $1M will last about 3-5 years, if that is the draw (punch intended).
@joeblow5178 3 жыл бұрын
@@warrendarable About the same as a Canada divorce. So both equal. haha haha
@oceanearth2243 3 жыл бұрын
Need to do a post pandemic assessment of where to retire for a million. Great video
@markminister2599 3 жыл бұрын
I agree. I am eyeing Colombia and Costa Rica. Own a house debt free and have no operating costs.
@NibrocNod 2 жыл бұрын
Looking at both as well
@alir.9894 2 жыл бұрын
Hey Andrew, I appreciate your videos, and I would like to purchase your book - so long as it's on Audible. Any chance of that happening?
@nomadkickbox4049 5 жыл бұрын
Not in the US! Africa, S.E.A - Southeast Asia, South + Central America maybe Eastern Europe as the last option.
@krosbone3139 5 жыл бұрын
Don't forget any of the South Pacific islands.
@AugmentedPixel 4 жыл бұрын
I think the Philippines the conversion rate right now is 50 pesos for 1 is dollar So 1mil usd to PHP is 50,745,000 pesos and I’ve seen the rate get up to 53 in the past couple years for perspective 1 PHP converts to 0.020 USD
@funtari7 5 жыл бұрын
You said it well! Bulgaria, Serbia,Colombia and Armenia yes...Some parts of Africa modestly Subsahara like Ruwanda and or Mozambique...but that's just my 2 cents. Now if you have 2 million dollars then that list gets a bit longer.
@jonwebb9022 Жыл бұрын
Cost of living ! I can go roadside to have an excellent Bang Mi for breakfast USD$1, lunch at a unique vegetarian restaurant USD $3 , overlooking a beautiful river vista with bright sunset , dinner for USD 6 . A wide range of vegetables and fruit mostly organic at our local market are abundant and inexpensive compared to most western countries. Many purchases here would be up to 10 times less cost than in New Zealand . 😊
@MageRanger 5 жыл бұрын
Hey Andrew, In your opinion, is a Teir 1 passport by decent worth getting? Especially if I already have two teir 1 passports (UK, Polish) I just found out that there is a possibility I can try and get Canadian citizenship by decent
@nomadcapitalist 5 жыл бұрын
Mage Ranger If it’s reasonably priced (time AND effort), why not?
@MageRanger 5 жыл бұрын
thank you Andrew :)
@arsalanazizi2538 3 жыл бұрын
* Great video! What do you think of the Philippines?
@pinenayab9888 3 жыл бұрын
@@happyhippo5880 The Philippines is a very good choice country for retirement. The products are very cheap and your 1US$ is = to 48pesos aside from low cost of living the Philippines have incredible natural beauty & wonders, have numerous amazing beaches and this beautiful country is the center of marine biodiversity on the Planet.Awesome country.
@SermonSelector 2 жыл бұрын
@@pinenayab9888 also the people a very friendly. In the major cities, they speak English and have great malls.
@ronmorales5275 2 жыл бұрын
Slovenia. Unbelievably gorgeous. Small and so you can get to a variety of amazing sights within at most a couple hours drive, from the Alps to thousands of amazing caves and gorges and lakes to the Mediterreanan Sea. Terrific food. Extremely safe and clean.Much lower cost of living than the US.
@tonyhernandez9745 3 жыл бұрын
Hi. I think getting health care for free or at a minimal cost is the ideal thing. Secondly having a comfortable life style without luxuries is ideal. You want to be close to amenities so that you can purchase your weekly necessities.
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