Often I get asked by subscribers and clients, “Hey Mikkel, What Are You Doing?”

So I thought it would be helpful to record a quick episode on what I am doing with my own money to protect myself and my family from the financial armageddon that is on the horizon.

This episode should give you a bit of insight into the way my brain works and what I think is important for us to defend ourselves.

I don’t expect my opinions to be popular, but at least I am honest.

Enjoy,

Mikkel

The post 239: Safeguarding Wealth Beyond Borders: My Offshore Journey appeared first on The Expat Money Show - With Mikkel Thorup.

Today, I am going to share a conversation I had on The Tom Woods Show. This interview has gotten such a great response since it first aired that I wanted to share it here with you to make sure you didn’t miss it.

Tom didn’t let me off easy and really put me on the hot seat, bringing up a ton of objections that many who are first hearing about the expat lifestyle tend to come up with.

Answering Common Expat Objections

• In this discussion, I respond to some common “black pilled” takes that Tom has heard about the negative side of expatriation, dispelling the notion that the advantages you can achieve outside your country of birth aren’t all that great when you break it down.
• There is no Shangri-La – no perfect libertarian country in the world. It does not exist. But that’s not to be said that we can’t get more freedom in our lives by being overseas or by jurisdiction shopping.
• I explain to Tom exactly what FATCA – the Foreign Account Tax Compliance Act –  is and how it works, and why it’s even caused some Americans to go as far as to renounce their U.S. citizenship!
• I address Tom’s concern that whatever problems you have in the U.S., they may very well be worse outside the U.S., as was the case in certain countries when it came to COVID restrictions.
• Tom and I talk about how Americans can utilize the Foreign Earned Income Exclusion to greatly reduce their tax burden while living overseas.
• I break down the concept of citizenship by investment and how the process typically unfolds for those with substantial funds to invest overseas.
• I lay out the many reasons to have a second passport, even if you do not plan to live outside your home country!
• I provide some definitive first steps to take for those that have caught the expat bug and are ready to take their expat journey to the next level.

RELATED EPISODES

221: What The World Can Expect In 2023 – Ron Paul

170: Searching For Freedom In Mexico – Marc Clair

093: Why Are People Leaving The USA – Travis Luther

PURCHASE THE EXPATS GUIDE TO MOVING TO MEXICO

Get your own copy of the Expats Guide on Moving to Mexico and after you read the book, do us a HUGE favour and leave us a great review on Amazon! This is a huge help in getting the book in front of more people.

THE EXPAT MONEY SUMMIT

We also discussed the Expat Money Summit a bit, and even though this was from last year, we will be doing another summit this year, so you can head to this link and grab a FREE ticket to the largest expat event of the year.

CONCLUSION

I hope you enjoyed today’s conversation on The Tom Woods Show. Tom is an excellent interviewer, and I loved how he pressed me on some of the common objections people who are first learning about the expat lifestyle often hold. These are questions that don’t often come up here on the Expat Money Show, where I primarily interview those who are already on the expat journey, so it was a great change of pace.

This is the perfect episode to share with a friend or family member who has expressed interest in the expat lifestyle but has been hesitant to pursue it further due to many of the objections addressed in this conversation.

See you all next Wednesday on the podcast!

The post 236: Debunking Expat Myths: Mikkel Thorup Sets the Record Straight on The Tom Woods Show appeared first on The Expat Money Show - With Mikkel Thorup.

Today’s guest on the Expat Money Show is Michael Strong, Founder of Expanse Online, an innovative virtual secondary school and he is one of the most experienced and creative school program designers in the country.

WHAT WE DISCUSSED IN THIS INTERVIEW:

• Public education in Michael’s opinion is abusive and fraudulent, listen to a better alternative
• Statistically, 75% of high school students are unhappy and only 45% are actively engaged in learning
• The increase in suicide rates in teens are shocking, why is this happening?
• We examine the rise in substance abuse in government-run schools and how to protect your child from it
• Why communication and compassion will always be necessary and how to foster them in your child’s education
• Mikkel and Michael go into what careers require higher education to be successful and what careers don’t
• How to prepare your child for the real world and set them up for success
• How Michael’s school rewards Emotional Intelligence in kids
• What does a school day and week look like at Expanse Online?
• Some have referred to this program as ‘Homeschooling by professionals’
• And so much more…

RELATED EPISODES

• 094: Alternative Ways To Learn, Enter The Workforce And Educate Children – Isaac Morehouse
• 078: Brandon Pearce -Travelling the Globe World Schooling your Children
• 036: Jim Rogers – North Korea, China, Mandarin And The Current State Of Education

HOW TO FIND MICHAEL STRONG’S WORK

• www.expanseonline.co

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If you’d been receiving the EMS Pulse newsletter and the weekly Expat Sunday Times, you would have already read the basics of today’s story! Sign up now, and you’ll also receive my FREE special report, “Plan B Residencies and Instant Citizenships.”

CONCLUSION

Michael is an amazing human being, working to ensure his students get the very best education possible so that becoming effective adults is not that difficult. I really enjoyed the conversation, and personally got a lot out of it, I hope you do too!

The post 115: Solutions for Educating Your Children Abroad – Michael Strong appeared first on The Expat Money Show - With Mikkel Thorup.

Today’s guest on The Expat Money Show is Rachel Marshall, Chief Financial Educator & Co-Founder of The Money Advantage. She is known for making money simple. fun. and doable. She is the co-host of The Money Advantage podcast, the popular business, and personal finance show. She teaches how to keep more of the money you make, protect it, and turn it into cash-flowing assets.

WHAT WE DISCUSSED IN THIS INTERVIEW:

• Money Advantage Podcast with Mikkel Thorup
• Robert Kiyosaki
• The difference between the many types of insurance
• Having income is not the same as wealth
• Privatized banking
• Safe. Liquid. Growing.
• Whole Life Insurance – When did this start? Is it something new? Or old?
• Nelson Nash – NN Institute
• TheMoneyAdvantage.com
• Details of Whole Life Insurance
• Leveraging your insurance
• Generational Wealth transfer
• Compound Interest

HOW TO FIND RACHEL’S WORK

• TheMoneyAdvantage.com Book a 30-minute call
• Free Guide – Privatized Banking Strategies

SIGN UP FOR OUR NEWSLETTER

If you’d been receiving the EMS Pulse newsletter and the weekly Expat Sunday Times, you would have already read the basics of today’s story! Sign up now, and you’ll also receive my FREE special report, “Plan B Residencies and Instant Citizenships.”

CONCLUSION

I loved this episode with Rachel Marshall and I learned a ton. Even though I’m a Canadian, I left before I got Life Insurance for myself and my family. As I found out today, Whole Life Insurance is really a special product for Americans and Canadians and that’s why I had never heard of it, living in the UAE for 8 years. I’m really glad Rachel walked me through the concept of Generational Wealth and I can’t wait to buy her book: 7 Generations when it gets published!

The post 103: The Power of Whole Life Insurance in Multi-Generational Wealth Planning – Rachel Marshall appeared first on The Expat Money Show - With Mikkel Thorup.