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One More Reason why Second Passports Might Come in Handy

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nomadcapitalist.com

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help@nomadcapitalist.com

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Wed, Jul 20, 2022 03:31 PM

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Imagine being able to pump an extra $165K into something that doubled itself {NAME}, My colleague Jo

Imagine being able to pump an extra $165K into something that doubled itself [image]( {NAME}, My colleague Jovana recently spoke with Jason, an American guy whose business originally took off during the global lockdowns. When we first spoke last year, he was earning about $600K per year in sales in his online coaching business and he was paying about $125K in taxes (which seemed a bit low until we realized he was playing the shell game of prepaying expenses to push tax liabilities to next year). His goal was to save most of that money in taxes and put it to better use. We asked Jason what he would do if he had that $125K he was paying to the government back in his pocket... "I would re-invest it in my business", he told us. And that made sense, because as he told us… "I'm getting a 7X return on my Facebook ads right now." Imagine being able to pump an extra $125K into something that doubled itself, let alone getting a 7X return. It would be a game changer. [image] Jason ended up working with us to set him up with a low-tax place to live overseas and an offshore setup that’s both fully legal and fully compliant with how US taxes work. One year later, Jason is extending our relationship and is now looking to get a second passport very quickly. We decided that the easiest thing to do would be paying $140K to get citizenship in the Caribbean in about six months all-in. (The good news is he can certainly afford that.) It turns out that in just one year, Jason was able to continue to grow his business using his tax savings to buy more advertising. To help him keep growing, I gave him some advice on which countries I'm hiring in so that he can grow further by hiring some people. Not only has he entered millionaire status faster than he thought possible, but he's now going to create a bunch of jobs in eastern Europe so others can share in his good fortune. The best part about this "offshore stuff" is that your returns compound a heck of a lot faster when the taxman isn't taking his cut every time you turn a profit. In my opinion, there's no faster way to grow wealth legally. Most people think this isn’t possible, but Jason is living proof - to the tune of a six-figure sum - that there are legal ways to do this. And once you start, I’ll bet you’ll want to do even more to enhance your wealth and your freedom. Having options is never a bad thing. Yours in freedom and prosperity, [image] [image]() = = [Unsubscribe]( Nomad Capitalist LLC Kidnah, Block A Plot 4 Fujairah, Al Fujayrah United Arab Emirates (the) +1 (979) 966-6623

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