If you don’t care about these kind of things and if you truly believe that New York is the ‘centre of the world’ (without actually exploring the world) then I would say this kind of lifestyle just isn’t right for you. Maybe you shouldn’t do it. If you do, you should do it for your own reasons. My reasons are not somebody else’s. What pushes me forward and motivates me may do little for someone else.
I love to learn what people are thinking in other places and what their perspective is of the world. I want to learn about different approaches and mindsets to business, investment and life.
My reasons, I could say, are primarily economic since I am, after all, a Nomad Capitalist. I want to make a lot more money, I want to pay a lot less tax and I want to go to a country where it is easier to get things done. While buying a property in the U.S. requires you to sign an endless pile of documents, the process in a place like Georgia is so simple that it only takes a few hours. As an investor, that is what I want.
A journey starts with a single step
So what do you want? Knowing that is the most important part to determining what your life abroad will look like. It’s your choice and you have a lot of options. There are plenty of other countries in the world and plenty of ways to live as a nomad in any of them.
If you’re just getting started, my suggestion would be to find another English speaking country that you like and spend half of your time there and then spend the other half of your time in the emerging world.
If, for instance, you like the U.S. vibe, explore places like London, Dublin and Canada for half the year. If you’re attracted to Asia, I would choose Singapore or Hong Kong and spend the other half in the emerging economies.
The world is too big to come back to the states. There are plenty of other countries that have the geography, typography or language of the United States. Whatever you want from the U.S. you can find somewhere else.
I wouldn’t choose the option to spend half my time in the U.S. and half somewhere else because you’d lose out on the tax benefits. Remember, if you’re a U.S. citizen and you want the tax benefits, you need to be out of the United States most of the time.
There are couple of different ways to do it, but plan on being out of the country for most of the year. If you are traveling and do qualify for the tax benefits, those savings alone may actually cover all of your travel costs.
The other reason I wouldn’t plan to spend as much time in the United States is that there’s so much to explore beyond U.S. borders. The world is too big to come back to the states. There are plenty of other countries that have the geography, typography or language of the United States. Whatever you want from the U.S. you can find somewhere else.
It’s time for an adventure
Don’t worry about what you’ve left behind. You will meet plenty of people and make new friendships if you want to. I am not the most social person, per se, but I have a small number of close friends and that works for me. However, if you want to find people you will.
I see examples from my co-workers or employees who are following my lifestyle and moving every three months, and they socialize pretty damn fast. You can go to co-working spaces, start up meetings, join Facebook groups, etc. And for business relations, I personally met a lot of influential people through my lawyer.
The best suggestion is for you to plan an entire year outside of the U.S. and then you can claim the tax benefits for a year. If you don’t like it, you can come back as someone with an adventure. If you do like it you will keep doing it and you’ll become an expert in it. Simple as that.
I started as a non-stop nomad, now I have different homes, but I still travel a lot from those homes. I am going to be in Georgia in March, then I’ll spend April in Asia. Then, after two months of being in more emerging economies I’m flying to London where I will spend some time getting my straight razor shave, shopping in Kensington, staying in nice hotels, speaking English and getting the type of service I miss from time to time.
I bounce back and forth. I get a taste of what I like from the U.S. and then I bounce back to the places with a lot of potential. If you’re interested in doing something similar, check out the four different approaches to traveling abroad and then jump in and you’ll quickly find the way that best suits you.
This article has been edited. This interview with Andrew Henderson was originally published by Huffington Post, written by a HuffPost contributor and Nomad Capitalist’s editor.
Andrew Henderson travels the world to find you “boots on the ground” opportunities and offshore strategies to create wealth. Follow him at nomadcapitalist.com. A version of this article originally appeared here. Connect with @nomadcapitalist on Twitter.
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