Andrew Henderson tells the story of Parable of the Talents and the key lessons you can learn from it. Andrew states that you should not be rewarded for playing it safe and burying your money in the backyard. It's important to develop an abundance mentality so you can take the necessary risks to grow your wealth.
Today's guest is Tony Simola from Simola Technologies. He currently is located in Finland and is a successful digital nomad. We learn about Tony's background and some of the challenges he's faced while trying to plant flags around the world.
[2:20] You can now buy tickets to the Passport to Freedom event.
[3:05] You got to be on the email list if you want special discounts.
[4:19] Andrew talks about his friend Matt and the story of the Parable of the Talents.
[10:35] The Nomad Capitalist talks about the idea of protecting the money you have.
[11:50] Burying money in the backyard is never the answer.
[12:55] Government can devalue your money.
[13:55] You have to take a little risk to grow your wealth.
[15:55] At the Passport to Freedom event, there will be speakers to help you invest your money wisely.
[18:10] Start to develop an abundance mindset towards your money.
[20:45] Andrew introduces Tony Simola.
[21:40] Tony shares a little bit about his background.
[23:55] Why Finland?
[25:50] How does Tony's business allow him to travel?
[28:25] How can digital nomads publish books while overseas?
[31:00] What countries have treated Tony the best?
[35:35] Tony is looking for ease and access and is willing to pay a bit more in tax for that.
[35:55] What other challenges has Tony experienced?
[38:30] Can you do business in Russia?
The Lighting Round:
[41:25] One business – Restaurant.
[42:15] One country – US.
[43:00] One book – The House of Morgan by Ron Chernow.
[43:30] One tool – Timeboxing.
[46:30] Is Belize a good tax haven?
[48:35] Colombians working in Panama will soon become double taxed.
[49:55] Paying a little bit of tax can get you along way.
[50:45] Andrew believes paying a bit of tax is better than paying no tax.
[52:00] What is the reputation of a country on a global scale?
[54:30] Feel free to contact Nomad Capitalist to find the best options for you in your situation.
[55:50] Sign up to the email list to get great discounts and updates.
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