Today, we welcome Jim Rawles, Founder and Editor of SurvivalBlog.com back on the show to discuss improving your Lifestyle and personal resilience by moving.
We talk about optimizing your lifestyle within the United States by carefully selecting your location as well as the pros and cons of international expatriation.
Topics include:
- Ideas for playing the “State Line Jumping Game” (living in a no-income-tax state and shopping next door in no-sales-tax state).
- Brief mention of the “Five Flags Theory.” In essence, the idea is that you can arrange your affairs over five different countries:
- Flag 1: Business Base-These are places where you make your Money. They must be different from your personal fiscal domicile, the place where you legally reside.
- Flag 2: Passport & Citizenship-These should be from a country unconcerned about offshore citizens and what they do outside its borders.
- Flag 3: Domicile-This should be a tax haven with good communications. A place where wealthy, productive people can be creative, live, relax, prosper and enjoy themselves. Such a place should not be threatened by war or revolution and preferably should enjoy good levels of banking secrecy.
- Flag 4: Asset Repository-This should be a place from which assets, securities and business affairs can be managed anonymously by proxy.
- Flag 5: Playgrounds-These are places where you would actually physically spend your time.
- Jim’s idea for “The American Redoubt”
- The Free State Project and Free State Wyoming
- Estimate your own tax savings with SaveTaxesByMoving.com
- Considerations for international expatriation:
- taxation, language skills, friendly to foreigners, strength of the Economy, crime rate, climate and lifestyle, gun laws, homeschooling laws. etc/
- Discussion of Finland, the Philippines, Swizerland, New Zealand, Belize, Costa Rica, Panama, Chile, Argentina, Paraguay, Uraguay
- For more information check out the Sovereign Society and International Living
- For a Second Passport opportunity, consider St. Kitts and Nevitts
- Check out Jim’s novel: Expatriates
Enjoy!
Joshua
Joshua J. Sheats, MSFS, is the world's leading authority on integrating lifestyle goals and money goals without conflict. He teaches normal people how to seamlessly connect the science of financial planning with the joy of goal achievement.
Joshua is dedicated to helping normal people achieve financial freedom by merging creative (and crazy) ideas from the world of personal finance with the academic integrity of formal financial planning. He simplifies complex money topics and makes boring financial mumbo-jumbo less boring.
