Geo-Arbitrage and Expatriation for a Better Life: Interview with James Wesley, Rawles of Survival Blog RPF0122
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 18 December 2014
⏱️ 54 minutes
🧾️ Download transcript
Summary
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
Transcript
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| 0:00.0 | Back by popular demand. |
| 0:02.0 | Today we welcome Jim Rawls to the show. |
| 0:05.2 | He is the founder and editor of survival blog.com, |
| 0:08.7 | which is the largest and most popular survivalism focused |
| 0:12.2 | blog on the internet. |
| 0:13.8 | He's been running that for many years. |
| 0:15.2 | He came on the show previously and discussed survivalism as an economic plan. |
| 0:20.3 | Today we talk about moving as an economic plan and how you can improve your life and your lifestyle and lower your cost by moving. And Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets. I thank you for being here. Today is Thursday, December 18, 2014. And today we're going to dip our |
| 0:56.4 | toe over into the survivalist waters a little bit. Fairly popular in our culture right now. |
| 1:01.5 | Just look at any magazine rack and or TV listing |
| 1:05.8 | and you'll see that survivalism is a great focus and today we've got one of the |
| 1:11.4 | leaders in that industry with us. |
| 1:13.0 | I thought it was really fun on the last show. |
| 1:20.0 | I had a lot of feedback from many of you that really enjoyed the way |
| 1:24.5 | of talking with Jim about economic planning through the lens of survivalism and so I |
| 1:29.2 | wanted to he offered to come back on if I wanted to have him and I asked him to do so. |
| 1:35.6 | And so I hope you enjoy, you might want to go back and listen to the previous episode |
| 1:40.0 | before listening to today's show. And that previous episode was episode 102. |
| 1:45.2 | If you haven't heard that, go to radical personal finance.com |
| 1:47.7 | slash 102. |
| 1:50.0 | And that'll give you a bit of an introduction to Jim. |
| 1:51.8 | Today's show, we just kind of jumped right in without a lot of preamble, without a lot of introduction. |
... |
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