Andrew conducts an interesting experiment during this week’s introduction. Is there a strong correlation between countries with friendly business practices, and countries with low debt to GDP? Andrew takes a look at several countries, and their GDP rates, on this week’s episode. Stay tuned till the end of his segment to find out the answer to this question!
Key Takeaways:
Andrew's Editorial:
[2:10] Greece is currently one of the worst three countries, in terms of debt to GDP.
[3:50] If you go to Montenegro, the Balkans, they really roll out the red carpet for you.
[5:40] Bulgaria has one of the lowest debt to GDP in the EU.
[6:10] Andrew reads off some of the countries that are doing well, when it comes to their debt.
[7:45:] Andrew wants to see if he can make a correlation between countries with friendly business practices and countries with good GDP.
[10:00] Andrew believes Chile has the right culture, but their economy has reached a peak, and it will drop a little bit.
[13:45] Andrew notes that the countries with good GDP are not located in the West.
[15:40] In the U.S., no matter what happens, it will never go down to a 10% flat corporate and personal tax rate. Trump has offered a 15% corporate tax rate, and economists say that it can’t be done.
[16:25] Andrew doesn’t say this to sound angry, but he believes the U.S. is the most corrupt country on earth.
[19:00] Conclusion: In many cases the objective business-friendly numbers and the public finances, in countries where they treat their people the best, do match up!
[20:55] The state of California is like a Kardashian. Andrew explains further.
Interview:
[23:15] Why did Ashley want to be an entrepreneur?
[25:50] Ashley can do a majority of her business by computer and by phone.
[26:45] A majority of Ashley’s business is specialized in the sharing economy.
[27:55] If you want to be a disrupter, you just have to do it! Ashley has stopped asking for permission.
[28:55] Why did Ashley decide to go overseas? Why not stay in Texas doing what she’s doing now?
[30:35] When Ashley founded her business 7 years ago, she started it in Bahrain.
[32:00] Why did Ashley set up shop in Bahrain?
[32:55] It was easy for a woman to do business there.
[34:55] How does Ashley differentiate herself in such a competitive market?
[38:00] Why did Ashley move to London?
[39:00] Ashley has found it more difficult to be a company in the UK than in Bahrain.
[43:35] Ashley went from living in a nice big apartment in Bahrain, to living in a small box. The lifestyle is very different between the two countries.
The Lightning Round:
[47:40] One business – Insurance.
[48:10] One country – Stockholm, Sweden.
[48:45] One book – My Struggle by Karl Ove Knausgaard
[49:20] One tool – Google Flights.
Listener Question:
[51:20] Is it best to renounce U.S. citizenship and keep Brazilian citizenship? What options are out there?
[52:45] If your parents have more than one citizenship, look into that and see if you have more passport options!
[57:25] You’re in good shape if you have both U.S. and Brazilian citizenship.
[59:00] If your passport has visa-free access to Europe, you’re in good shape!
Mentioned in This Episode:
Email: Andrew@NomadCapitalist.com
