347: Could Your Passport Be Your Downfall?
A passport is crucial to your freedom and global mobility, but what if your citizenship could be a liability? I recently read an interesting article on IMI Daily called “13 Ways Your Passport Could Ruin Your Life.” While I agree with many of the author’s points, I believe most of the real-world risks are misunderstood—and far more manageable—than people realize.
In today’s episode, I expand on each of the 13 points, breaking them down one by one through the lens of my two decades of real-world offshore experience. I cover the good, the bad, and the misunderstood—and I’ll show you exactly how to easily avoid any potential pitfalls while building a solid offshore Plan-B.
Enjoy today’s episode!
IN TODAY’S EPISODE:
- Listen in as I explain why U.S. citizenship is one of the most dangerous liabilities in the offshore world
- Learn the truth about mandatory military conscription—and why it’s almost never a real threat for expats
- Tune in to find out how to avoid passport profiling at borders and why more citizenships = more freedom
- Hear me debunk some common myths about citizenship-based taxation and learn about the only two countries in the world that practice it.
- Discover the surprising truth about dual citizenship bans—and why they rarely limit serious expats
- Find out why the fearmongering around “exit bans” is mostly nonsense—and what really matters when choosing a second passport
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About The Host, Mikkel Thorup
Mikkel Thorup; the host of The Expat Money Show, has 20+ years in continual travel around the world, visiting more than 100 countries including Colombia, North Korea, Zimbabwe and Iran.
His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.
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