171: Offshore Investing as an Ex-Pat with Escape Artist's Mikkel Thorup

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 18 February 2021

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mikkel Thorup is the host of The Expat Money Show podcast and the Director at EscapeArtist.com. He is the author of #1 Best-Selling book Expat Secrets on Amazon. Mikkel has spent more than 20 years in continual travel around the world, circumnavigating the globe more than 400 times visiting over 100 countries including Colombia, North Korea, Zimbabwe, and Iran. His goal is to help people just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.

Listen to ILAB 171 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – Thailand / IG @imsammarks
Derek Spartz - Los Angeles / IG @DerekRadio

Sponsor:

Indeed
Receive a free $75 credit to boost your job post on Indeed when you visit Indeed.com
Support Invest Like a Boss: Join our Patreon

Discussed:

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
Betterment – Get up to 1 year managed free
Wealthfront – Get your first $15,000 managed free
PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

17:13 – Why invest offshore?
21:12 – What are your thoughts on investing in foreign currency?
23:26 – What are thoughts on holding gold?
26:35 – Can you describe the vaults you visited?
31:22 – What other investments will you recommend to those who want to go offshore?
36:25 – Can you clarify the reporting on overseas accounts?
39:15 – Why are you supportive of people having second residency or a second passport?
44:20 – What are some of the other ways you can file for citizenship?
47:05 – What are other services you help people with?
48:11 – Johnny and Sam review

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Transcript

Click on a timestamp to play from that location

0:00.0	This week's episode of Invest Like a Boss is brought to you by Indeed.com. Now, when you go to Indeed,
0:06.4	you probably think it's that site to get a job with that huge corporation. But I want to let you know
0:11.2	they are just as effective for the small businesses as well. And hires for small businesses
0:16.5	are even more important because one person can make a huge difference. So to get you started
0:21.8	in the right direction, Indeed is offering a free $75 credit to upgrade your job post when you head
0:28.2	over to Indeed.com slash iLab. That's indeed.com slash I L-A-B. I'm going to tell you more about
0:36.8	Indeed at the break. Until then, let's get this show
0:40.2	started. Offer valid through March 31st terms and conditions apply. Welcome to the Invest like a
0:46.4	boss podcast. I'm Sam Martz. And I'm Johnny FD. We're self-made entrepreneurs who invest our own
0:51.1	money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors,
0:57.1	business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:04.0	Hey bosses, this is Johnny and welcome to episode 171 of the Invest Like a Boss podcast.
1:10.3	I'm out here in Aha Gamma Beach in Sri Lanka and Sam is down
1:14.2	on the Fuckett Islands, South Thailand. I just discovered this really cool island, Johnny.
1:21.9	It's called Fuck It in Pouquet. Have you ever heard of it?
1:25.2	It sounds like a great place.
1:28.9	It's a really cool tropical paradise down here.
1:33.6	Now it's Poo-Cat for anyone that is not aware, but often mispronounced.
1:40.9	But yeah, I got down here a week ago, or no, just like four or five days ago.
1:45.6	And, man, I can't even tell you.
1:48.6	Like, I love Shanghai, but you know the weather starts to change this type of year.
1:52.6	And getting down here is, it's truly paradise, man.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.