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Settling vs Nomading: Which Lifestyle Truly Wins?
- Thread starter yngmind
- Start date
Okay, yeah, if you can live with that, then it’s up to each person, and it does sound pretty cool to be able to move around like that and experience something new almost every day.
But personally, I wouldn’t be able to live constantly surrounded by suitcases.
I need something central where I can at least keep my basic necessities permanently or at least for a few years. But to each their own.
No i do some slow travel too like i did in the UK for two months and now moved to the phillipines ,when i get tired i go home and rest for a quarter get together with family and then i am good to go again.But i am looking to get rid of this home thing with either three homes in three different places or eliminating the one home and doing slow travel throughout the year lets say in vietnam,laos,thailand,phillipines ,cambodia ,dubai ( where i am resident of) in the winter and UK and Albania in the summer,maybe malta in the future as well.Ivory coast too i like but not sure how to fit it in the scheme of things.
I've personally spent a few years settling down and going to renew my passport soon, nomading is definitely where it's at, and if ur making bank tax-free then that's all the more even the better. I'm in the US btw and it's laws are changing for the worse as well as it's current taxation(s).
Ditch the American passport free yourself from your country's shackles, get a passport from Antigua and see the world ,enjoy it ,keep more of your money .My actions in the last few years have been more influenced by Flag Theory and OCT.I love the offshore world ever since my first wife tried to take away what was rightfully mine .Never paid a dime to that bitch.I understood the problem then and there you cannot be at the mercy of one Government ( this includes risk generated by its stupid laws).Never going to be a slave again to any one country.
My lessons in life:
1.Dont trust anyone.
2.Keep a low profile.
3.Dont brag about your wealth.
4.Jobs are for suckers.
5.Dont be dependent on a single entity.
Whether government, wife,
bank,country,source of income.
6.Accept uncertainty.
7.Embrace Flag theory
8.Prices can be irrational for more amount of time than you and i can stay solvent.
9.The trend is your friend.Make money going with the trend not going against it.
10.Everything has a price.
Bonus point: Come daily to OCT to get your daily dose of wisdom.
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Ah, thank you brother, I'll def look into that, I been thinking about denouncing my citizenship and getting a foreign passport, I heard one of the co-founders of Facebook(the one who got shipped out in the social network movie) denounced his right before selling off his Facebook stock and saved himself $700million in taxes that he would of had to pay to the U.S. and IRS, he ended up filing for citizenship in Indonesia or Singapore I believe and has been living there since. So I'm thinking about that because they have 0% tax from what I recall. I'm just afraid that once I ditch my US citizenship that I might not be allowed back in because I have family here and basically grew up here(natural born American) so that's my issue, and I never heard of flag theory until you mentioned it so I'm gonna look into that, and I just stumbled upon OCT today and definitely love the community this far so I think I'll stick around
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divorce pacifically and before you do big money. don't do like Roger Ver as they will try to f**k you even after you renounce... for years to come.
I have been a 'digital nomad' before that expression existed, must be for 28 years now...
It was amazing at the beginning, the location arbitrage was huge (I was spending 3000 THB in BKK monthly, while going out every night and having Thai chicks paying my drinks, that was the bonus of being young, blond, blue eyed, and before the crowds arrived - while making enough $ in one day to fund that lifestyle for a month). I went through many places, many girlfriends and local/tourist friends, stayed for a little longer in some places and revisited most of them, and boy, everywhere is different now, and not really better if you know the past. But what I took from it are amazing experiences, many of those one couldn't make today anymore, no matter how hard one would try.
But as the times have changed, I have changed too, and a small bag isn't enough for me anymore.
I got parts of my stuff in 6 different countries right now, and believe me, I am not really happy about it.
Also, the previous way of staying in cheap accommodations isn't sufficient anymore, even just from the OPSEC perspective, I have much more to loose than in the past, and there isn't much I am gaining from interacting with the average tourist nowadays either, and even less from a local peasant who's priority is making a quick buck from me to fund his daily life (generalization of course, there are plenty of exceptions). The only way to still maintain my mental balance and being able to get work done is utilizing 5* places, and I am lucky that they are very very much affordable where I am.
So yeah, I am a little tired of that lifestyle, but the next stage is coming in a few months already: renting/buying a place for long term (not EU, no tax or residency implications), putting all my stuff there, creating a work place and a place I can call 'a base', where I can get back when I need to do serious work and everything is prepared and already waiting for me. The other 6 months? Just meditating somewhere at a temple or in nature, with a little bag again.
It was amazing at the beginning, the location arbitrage was huge (I was spending 3000 THB in BKK monthly, while going out every night and having Thai chicks paying my drinks, that was the bonus of being young, blond, blue eyed, and before the crowds arrived - while making enough $ in one day to fund that lifestyle for a month). I went through many places, many girlfriends and local/tourist friends, stayed for a little longer in some places and revisited most of them, and boy, everywhere is different now, and not really better if you know the past. But what I took from it are amazing experiences, many of those one couldn't make today anymore, no matter how hard one would try.
But as the times have changed, I have changed too, and a small bag isn't enough for me anymore.
I got parts of my stuff in 6 different countries right now, and believe me, I am not really happy about it.
Also, the previous way of staying in cheap accommodations isn't sufficient anymore, even just from the OPSEC perspective, I have much more to loose than in the past, and there isn't much I am gaining from interacting with the average tourist nowadays either, and even less from a local peasant who's priority is making a quick buck from me to fund his daily life (generalization of course, there are plenty of exceptions). The only way to still maintain my mental balance and being able to get work done is utilizing 5* places, and I am lucky that they are very very much affordable where I am.
So yeah, I am a little tired of that lifestyle, but the next stage is coming in a few months already: renting/buying a place for long term (not EU, no tax or residency implications), putting all my stuff there, creating a work place and a place I can call 'a base', where I can get back when I need to do serious work and everything is prepared and already waiting for me. The other 6 months? Just meditating somewhere at a temple or in nature, with a little bag again.
Which are the 5* places you are utilizing and which are the list of places where you are planning to have a base now and what are the pros for those because of which you have selected them.
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Currently I am staying at 4* and 5* hotels, which have unbelievable deals for monthly stays in off season. It's more or less like living in a full serviced apartment, without all that local landlord and deposit issues, and the benefit of not needing to buy a new monitor for my laptop, new cleaning supplies and kitchen equipment every time I change location. All in all maybe about $50 more (per month) than a local apartment, but with everything inside already, and without any utility bills and other hassles, so that's an easy choice at the moment.
For my future base I have pretty much decided the location already (sorry, won't doxx myself here),
my important points were:
easy longer visa
high freedom, little government involvement in my life
easy flight connections to anywhere
language (I want to be able to communicate with locals)
security (I won't be there 6 months per year, so I need a safe place with good security)
locals
low (noise) pollution
good weather (at least for that 6 months)
relatively low cost, good value
comfortable life
not invaded by refugees or the new masses of mainland Chinese
(I don't mind the guys that fled Mao, most assimilated nicely)
low tourism
The place I have chosen might not be the last base yet, but it's easy to set up, and I can always change it after a few years if I decide to do so. I am already very familiar with it, language-wise it's ok, and it's more or less compatible with my tax free crypto setup (not perfect though, but manageable).
Of course it's not perfect, there are many better options, but most of them fail some of the important points listed above (I fail in some of the languages, lol), and the thing is that I need an affordable place where it makes sense paying a year of rent and occupying it only for 6 months.
I guess I'll find the real perfect place for full time living while meditating somewhere, but for now I still want to make some tax free money without the host country tax authorities banging on my door and asking for bribes, so <6 months makes sense. In the meantime, I'll enjoy checking out Mauritius, Fiji and some other options in the other 6 months, maybe I'll find something for longer.
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Yes, I heard about it. Fiji is even worse, they made purchasing crypto quasi illegal this year.
But I don't need to do my main banking in the same place as I stay.
I got plenty of options for that, and all of them are easy to manage from abroad via banking app.
BTW: I just opened a new bank account today, looks like it's becoming a monthly thing ;-) Doesn't hurt to get more of them, as long as it's easy. Just the 'home country address' question was very amusing, both for me and the bank lady.
I had first hand experience with them regarding to that. Meanwhile Bitcoin is up a by quite a lot.
Sure, Id never do that either but their long term visa requires you to have a local one.
The variety of these is like people on the planet.
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