Popular Post Jingthing Posted January 16, 2021 Popular Post Share Posted January 16, 2021 (edited) (OK, maybe a few of you are rich enough to be in his target audience.) His reasons are not really surprising. My own feeling for a long time (from well before the pandemic) is that for people already living in Thailand and well set up and/or heavily invested here, then many or most of them are probably better off staying. But as far as advising potential new people -- think twice, and then a hundred times more about committing to this country. Edited January 16, 2021 by Jingthing 6 Link to comment Share on other sites More sharing options...
Popular Post jackdd Posted January 16, 2021 Popular Post Share Posted January 16, 2021 Nothing new. Most people here would probably agree that if you are rich (the guy in the video says 100 million USD), there are many better options than staying mostly in Thailand. 5 Link to comment Share on other sites More sharing options...
Popular Post Dagfinnur Traustason Posted January 16, 2021 Popular Post Share Posted January 16, 2021 Just another guy with an individual opinion. 6 1 Link to comment Share on other sites More sharing options...
Popular Post Rhacsyn Posted January 16, 2021 Popular Post Share Posted January 16, 2021 6 minutes ago, Dagfinnur Traustason said: Just another guy with an individual opinion. Agree 100%. His comments are purely his personal opinion. He is entitled to his closeted opinion but so is everybody else. Lastly, as most of us know, there is a lot more to Thailand than simply Bangkok 8 1 Link to comment Share on other sites More sharing options...
Popular Post CraigInBangkok Posted January 16, 2021 Popular Post Share Posted January 16, 2021 My 100 million+ usd allows me to live in any country I choose. I chose to come here for the near death experiences on a daily basis, on my overly swanky yamaha filano. 3 1 23 Link to comment Share on other sites More sharing options...
Popular Post gearbox Posted January 16, 2021 Popular Post Share Posted January 16, 2021 According to Boston Consulting there were only 15000 households in the world with net worth > $100 millions USD in 2013. From them "Nomads" are probably less than the number of your fingers, and of these the number who get their financial advice from Youtube is probably zero. 10 4 7 Link to comment Share on other sites More sharing options...
Popular Post Dart12 Posted January 16, 2021 Popular Post Share Posted January 16, 2021 An exmaple of how easy it is to make money online now...is this guy just sitting and giving his opinion. 2 1 Link to comment Share on other sites More sharing options...
Dart12 Posted January 16, 2021 Share Posted January 16, 2021 omg. No $100mil guy wears an old alligator brand shirt from the 70's 80's Link to comment Share on other sites More sharing options...
Popular Post Lacessit Posted January 16, 2021 Popular Post Share Posted January 16, 2021 1 hour ago, CraigInBangkok said: My 100 million+ usd allows me to live in any country I choose. I chose to come here for the near death experiences on a daily basis, on my overly swanky yamaha filano. Show-off, I've only got a TTX. I think I am doing things wrong, I should be posting BS videos on YouTube that suck in credulous people, and then I could live in any country I please as well. I need some tips from Trump on fundraising that way. 1 3 Link to comment Share on other sites More sharing options...
Popular Post Jingthing Posted January 16, 2021 Author Popular Post Share Posted January 16, 2021 (edited) I'm no shill for the nomad guy but I do enjoy some of his videos. His business isn't about youtube per se but offering an array of custom services to international entrepreneurs mainly seeking escape from high taxation in first world countries. For example new residencies, new passports, real estate, banking, staffing from lower cost countries with skilled work forces. Not the most morally defensible niche but he walks the walk as he gave up his US citizenship. His particular brand involves suggesting people set up bases in multiple countries to avoid living in any long enough to be a tax resident. Thus the word nomad His favorite country appears to be Malaysia but in recent years has become bullish on Colombia. Edited January 16, 2021 by Jingthing 7 Link to comment Share on other sites More sharing options...
Popular Post Bangyai Posted January 16, 2021 Popular Post Share Posted January 16, 2021 This bloke is the living embodiment of a dork. 3 2 Link to comment Share on other sites More sharing options...
Popular Post Jingthing Posted January 16, 2021 Author Popular Post Share Posted January 16, 2021 (edited) 3 minutes ago, Bangyai said: This bloke is the living embodiment of a dork. Fair enough but based on watching many of his videos I think he provides an interesting and useful perspective even for those that aren't in the group of his potential clients. Edited January 16, 2021 by Jingthing 3 Link to comment Share on other sites More sharing options...
Lacessit Posted January 16, 2021 Share Posted January 16, 2021 11 minutes ago, Jingthing said: I'm no shill for the nomad guy but I do enjoy some of his videos and his business isn't about youtube per se offering custom services to international entrepreneurs mainly seeking escape from high taxation in first world countries. Not the most morally defensible niche but he walks the walk as he gave up his US citizenship. His particular brand is suggesting people set up bases in multiple countries to avoid living in any long enough to be a tax resident. His favorite country appears to be Malaysia but in recent years has become bullish on Colombia. The Colombian crime rate is nothing to write home about, and I suspect along with many other Latin American countries kidnapping of rich people is well up on the menu. It's pretty simple to avoid taxes anywhere on the planet. Don't have any income, and live off accumulated capital. While it's possible to have sex with women in Malaysia, in a predominantly Muslim country it's not something one can do without a potential tap on the shoulder. Is this guy a eunuch? 1 Link to comment Share on other sites More sharing options...
Jingthing Posted January 16, 2021 Author Share Posted January 16, 2021 7 minutes ago, Lacessit said: The Colombian crime rate is nothing to write home about, and I suspect along with many other Latin American countries kidnapping of rich people is well up on the menu. It's pretty simple to avoid taxes anywhere on the planet. Don't have any income, and live off accumulated capital. While it's possible to have sex with women in Malaysia, in a predominantly Muslim country it's not something one can do without a potential tap on the shoulder. Is this guy a eunuch? He's married. 2 Link to comment Share on other sites More sharing options...
GeorgeCross Posted January 16, 2021 Share Posted January 16, 2021 9 minutes ago, Jingthing said: He's married. same same ???? 1 1 Link to comment Share on other sites More sharing options...
Lacessit Posted January 16, 2021 Share Posted January 16, 2021 10 minutes ago, Jingthing said: He's married. OK, same thing. Link to comment Share on other sites More sharing options...
Popular Post Sundown Posted January 16, 2021 Popular Post Share Posted January 16, 2021 5 hours ago, Jingthing said: (OK, maybe a few of you are rich enough to be in his target audience.) I imagine all the multi-millionaires tuned in for the top 5 lists of this internet guy in Harry Potter's glasses in order to decide what to do with their lives and money ... 3 Link to comment Share on other sites More sharing options...
Jingthing Posted January 16, 2021 Author Share Posted January 16, 2021 Just now, Sundown said: I imagine all the multi-millionaires tuned in for the top 5 lists of this internet guy in Harry Potter's glasses in order to decide what to do with their lives and money ... Very funny but I'm pretty sure that he does have clients for his specialized services. Probably only a minority of his target market of richies are open to creative expatriation but for those that are that want to make it easier, I'm not sure why they wouldn't at least check out what he offers. 1 Link to comment Share on other sites More sharing options...
Popular Post MarleyMarl Posted January 17, 2021 Popular Post Share Posted January 17, 2021 I wouldn't consider myself that wealthy, but as I make more money and build up my wealth, Bangkok and Thailand as a whole becomes less attractive. I can see his opinion, especially for individuals that have a high net-worth, why would you choose to live here of all places. When I first came, with a limited budget it was great though. But the pollution/air quality, heat, traffic, political instability, dealing with the visa <deleted> every year, I'll probably leave in a few years. 3 1 Link to comment Share on other sites More sharing options...
ThomasThBKK Posted January 17, 2021 Share Posted January 17, 2021 He's selling overprice junk to poor/middle class people (digital nomads and co) who think they can safe money his way. No one with 100 mio cares about him or his opinion, they just hire an immigration lawyer, live where you want, or just travel around - whatever, you don't need him. People with 100 mio in liquid assets have family offices with secretaries and inhouse lawyers, or are close to big lawfirms who do this as a favor. Wouldn't give af about his opinion, or anyone elses - life where you are happy, even if thats a muslim craphole where u can't bang around - but his reason to pitch malaysia is that he apparently has a salesoffice there: Lots of <deleted> you can find about him if u google... wouldn't touch with a ten foot pole... 2 Link to comment Share on other sites More sharing options...
Inala Posted January 17, 2021 Share Posted January 17, 2021 (edited) 19 hours ago, Lacessit said: The Colombian crime rate is nothing to write home about, and I suspect along with many other Latin American countries kidnapping of rich people is well up on the menu. It's pretty simple to avoid taxes anywhere on the planet. Don't have any income, and live off accumulated capital. While it's possible to have sex with women in Malaysia, in a predominantly Muslim country it's not something one can do without a potential tap on the shoulder. Is this guy a eunuch? Agreed, the muslim thing is enough to put me off Malaysia as a serious destination, I just don't get what their problem is with one of the most basic pleasures in life.... But, as Jingthing rightly stated, this guy gave up his US citizenship to follow his lifestyle. That took balls..... Edited January 17, 2021 by Inala typo Link to comment Share on other sites More sharing options...
Popular Post Stefanix Posted January 17, 2021 Popular Post Share Posted January 17, 2021 Choosing your place of residence is not (only) an arithmetic problem. This guys passion seems to be counting what expenses he could save from evading tax and living in cheap countries. That people have emotional ties to countries / cultures / people seems to be no factor in his equation. Does this guy have any feelings or does he secretly calculate the costs of every minute spending with his partner and how this can be arranged more efficiently? 3 1 Link to comment Share on other sites More sharing options...
LALes Posted January 17, 2021 Share Posted January 17, 2021 If I was worth 7 or 8 figures, I wouldn't be here, either. Well, not permanently. I still love Thailand enough to come for a few months every year. 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted January 17, 2021 Share Posted January 17, 2021 I am happily sufficiently funded but even with 100 mil., I would be here. Lived many other places I like it here. Malaysia was western haters in my opinion I despised the attitudes and the place would never go back. Link to comment Share on other sites More sharing options...
Jingthing Posted January 17, 2021 Author Share Posted January 17, 2021 (edited) 5 hours ago, Stefanix said: Choosing your place of residence is not (only) an arithmetic problem. This guys passion seems to be counting what expenses he could save from evading tax and living in cheap countries. That people have emotional ties to countries / cultures / people seems to be no factor in his equation. Does this guy have any feelings or does he secretly calculate the costs of every minute spending with his partner and how this can be arranged more efficiently? Your description is a tad bit harsh, but probably there is some truth there. He does have a political ideology to back up his actions -- libertarianism. I've never been and will never be in the position of his clients, but it's hard to blame people to want to avoid very high percentage taxation and he does always emphasize doing things legally. Legal is not the same thing as moral. Edited January 17, 2021 by Jingthing 1 Link to comment Share on other sites More sharing options...
Jingthing Posted January 17, 2021 Author Share Posted January 17, 2021 (edited) 4 hours ago, bkk6060 said: I am happily sufficiently funded but even with 100 mil., I would be here. Lived many other places I like it here. Malaysia was western haters in my opinion I despised the attitudes and the place would never go back. Well, good for you. I would probably just stay in the USA, travel as much as I wanted, and pay the tax. My motivation for expatriation was largely economic, but coming from the low end motivations not the high! Edited January 17, 2021 by Jingthing 1 Link to comment Share on other sites More sharing options...
mpyre Posted January 17, 2021 Share Posted January 17, 2021 On 1/16/2021 at 6:47 AM, Jingthing said: I'm no shill for the nomad guy but I do enjoy some of his videos. His business isn't about youtube per se but offering an array of custom services to international entrepreneurs mainly seeking escape from high taxation in first world countries. For example new residencies, new passports, real estate, banking, staffing from lower cost countries with skilled work forces. Not the most morally defensible niche but he walks the walk as he gave up his US citizenship. His particular brand involves suggesting people set up bases in multiple countries to avoid living in any long enough to be a tax resident. Thus the word nomad His favorite country appears to be Malaysia but in recent years has become bullish on Colombia. Both are excellent choices for expats. I speak from personal experience over the last 10 years. Link to comment Share on other sites More sharing options...
VocalNeal Posted January 17, 2021 Share Posted January 17, 2021 On 1/16/2021 at 7:08 PM, Lacessit said: While it's possible to have sex with women in Malaysia, in a predominantly Muslim country it's not something one can do without a potential tap on the shoulder. If you say so. 1 Link to comment Share on other sites More sharing options...
onebir Posted January 17, 2021 Share Posted January 17, 2021 On 1/16/2021 at 2:19 PM, Jingthing said: He's married. Believe it or not... Link to comment Share on other sites More sharing options...
onebir Posted January 17, 2021 Share Posted January 17, 2021 On 1/16/2021 at 12:43 PM, gearbox said: According to Boston Consulting there were only 15000 households in the world with net worth > $100 millions USD in 2013. And 14000 of them worked for BCG. Link to comment Share on other sites More sharing options...
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