4.4 • 1.9K Ratings
🗓️ 3 April 2019
⏱️ 67 minutes
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Today, I'll teach you how a 25-year-old $100,000-earner could increase their estate by $90,000,000 by simply moving outside of the United States.
Enjoy!
Joshua
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0:00.0 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less. |
0:11.0 | Today we continue part two of our three-part series in celebration of tax season |
0:16.4 | called the case for your moving outside of the United States. I want to give you a very strong case for you to consider picking up your |
0:26.0 | household and moving outside of the United States. And although there may be many |
0:30.9 | reasons for you to personally consider that idea, things that you might choose to go after or things you might choose to say, |
0:37.5 | no, I'm happy where I am. |
0:39.0 | My primary case revolves around taxes. My primary case revolves around expense. Now you |
0:45.5 | should consider the personal lifestyle, the cost of living, any personal |
0:49.2 | techniques, any things that you would like better from another government to be under their |
0:53.9 | jurisdiction instead of the US government jurisdiction but I'm going to focus on |
0:57.3 | taxes as I mentioned yesterday I often get frustrated with tax planning because if you're going to follow the law as I do and as I teach and yet do good tax planning |
1:07.6 | it requires you to develop a portfolio, a tool belt with hundreds of little adjustments in your actions and behaviors |
1:16.2 | with a massive level of education for you to understand the moving parts of an |
1:20.5 | incredibly complex tax code and how each of your individual decisions and behaviors |
1:25.1 | and actions will impact that overall plan. |
1:28.9 | It is maddening how complex it is, and I've dedicated hundreds of hours of my life to trying to learn and |
1:34.4 | understand and figure out how to teach it. And yet all these little techniques work, but none of |
1:40.1 | them are that one big idea that could save you a lot of money. But the question is this, how much |
1:48.9 | money could you save if you simply walked away from the whole system. |
1:54.0 | For example, question, did you do your homework on yesterday's show? |
2:00.0 | If you live in a state that charges you state income taxes, did you sit down with your state income |
2:03.8 | tax return and calculate the actual numbers, the dollars that you are sending to your |
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