Followers of my blog will know that I’ve recently spent a lot of time on ferries. While this could be considered ‘boring’, it gave me time to read…which is something I’ve been neglecting a lot recently. Making my way though Andrew Henderson’s new book (Nomad Capitalist: how to reclaim your freedom with offshore bank accounts, dual citizenship, foreign companies, and overseas investments) is just what I needed. It was both informative and entertaining (I know, I’m such a nerd).
So first, who is this book for? I would say everyone that’s doing better than breaking even. That’s right; anyone that’s making money can benefit from a little globalization (not just large companies). Or if you’ve saved money and want a better return on it, chances are pretty good that you can find a better investment option overseas (even if that’s just a bank account). People that will get the most benefit are ones that have location-independent businesses, and are currently paying a shitload of money in taxes.
Fair warning though: you will have to do more than just read the book (unless your plan is just to be entertained). The entire premise is to “go where you’re treated best”. Whether that be you personally, your money, your business, or even your dating life.
In this book, you will learn how to enhance your personal freedom via a location independent lifestyle, second passports, romance and children, and healthcare. You’ll learn how to keep more of your money via offshore banking, offshore companies, and foreign asset storage. You’ll learn how to grow your money via overseas investments, frontier market entrepreneurship, and conquering dogma.
It’s not so much a step by step guide, but more like a story of how the author did things. After all, he runs a consulting business so he has to leave some reason for people to schedule his company’s assistance. If you want to save time and money on research, this is exactly what I’d recommend you do: contact his company and schedule a consultation.
For the rest of us though, it’s a fantastic base. After reading the book, you should know how to continue researching the options you’d like to pursue. In my case, that means going to some of the countries mentioned, and scoping things out. I’m a perpetual traveler now so that should be easy enough. I’m sure I’ll make plenty of mistakes along the way, but I now have a much better idea of what to look for.
And that is the summary I would give this book: a fantastic base. If you’ve never considered leaving your home country, I would recommend this book. If you’ve started internationalizing your life and would like more ideas, I would recommend this book. However, I would not recommend it for anyone that doesn’t plan on doing something with new information. If you’re just going to sit on knowledge, what’s the point?
I hope you’ve found this review useful. Until next time, happy travels.