There are many things to consider when one decides to internationalize. There will be some give-and-take, and we probably won’t find everything that we want in any one location. However, with some forethought and imagination, we can find a place that will suit us fairly well. Jeff Thomas discusses a few of these considerations and how to avoid being disappointed.
Over the past few months we’ve followed the journey of Mark Svoboda, a Russian-turned US expat, as he travels the world to find his own Shangri-la. Today Mark tells us about his recent trip to the African nation of Tanzania.
While using gold as collateral for a loan might be uncommon, it is certainly not impossible… especially when it comes from governments who basically consider the yellow metal a relic of more barbaric times. Well, in the strange world we live in, this might not be so far off the mark, as Jeff Thomas explains.
Thanks to advances in technology, there are now virtually no obstacles holding governments back from monitoring your every move. Kyle Gonzales comments on this chilling development, as well as what you can do to protect yourself.
As the second half of the Greater Depression seems set to begin, fear will dominate the hearts and minds of many. Still, there are ways to endure through the hard times, and indeed, to even improve one’s financial situation. Jeff Thomas considers that age old investment that now makes sense more than ever.
We get a lot of questions but by far, one of the most common goes something like this: “What is the best overseas jurisdiction for me?” Of course, the answer will depend on a variety of factors – not least of which includes your citizenship and residency, as well as your goals and your personal preferences. Today, Toronto-based tax planning expert, Greg McNally, is here to guide us through some of the options available, specifically tailored to our Canadian readers.
Recently, a reader posted the following comment at the end of one of our articles: What if you’re not a person with hundreds of thousands of dollars to set up international accounts and businesses in other countries that might be able to withstand the financial meltdown/turmoil of USA? I mean for example if you’re a recent college graduate with only a few dollars in your bank account, is it too late for such a person to get out of dodge?
Clearly, the World Wide Web has changed the way we live, and may be considered a blessing and a curse. The blessing is the instant access to immeasurable amounts of information on every imaginable subject at our fingertips. It’s mind-boggling. The curse is (among other things) not always being able to access that information, for a variety of reasons. No doubt we’ve all experienced the exasperation of not finding what we seek online, frustrated after hours of searching. One must know what questions to ask and where to look.
If you dream of living the PT [permanent traveller] lifestyle but have children and are concerned that it will be too difficult to move around with kids in tow, not to worry. I personally know a number of people who have done and continue to do it successfully.
At least when it comes to the media, Ron Paul has it rough. They started out by ignoring him but have now moved onto denigration and defamation of character. But how far will it all go? Jeff Thomas considers the possibilities, however extreme some may be…
A couple months ago, Kyle Gonzales showed us the loophole the US government is using to access some of the “privately stored” digital data of its citizens. Unfortunately, it’s not just US citizens that have to watch out for Uncle Sam. As you’ll soon discover, prying eyes are looking far beyond their borders, even across oceans…
Last month we introduced you to Mark Svoboda, a Russian currently living in Louisiana on a quest to find his “Next America” – a place that values personal freedom and offers economic opportunities. The first stop along his journey was Malaysia and today he continues with the nation known as The Lion City, Singapore.
Feudalism in the past has always been a dictatorship in which the common people (serfs) worked hard to provide for their overlord (the king), and sometimes had a little left over to provide for their own families. Today, things are different.
A few weeks ago permanent traveler Ian Oliver shared his insights with us in “The Top 10 Lessons of a Grizzled PT”. One reader responded to the article, asking which countries had he lived in? So, today, Ian begins answering that question with the first stop along his PT Journey – The Pearl of the Orient – Hong Kong.
The IM Triangle focuses on three elements of international diversification, with income being one of the three key components. For the true internationalist, the Income Element naturally leads to having one’s own business, whether that be a one-man shop or a larger firm with hundreds of employees. A common issue for would be cross-border businesspeople is that of currency. The differences between currency exchange rates have made and broken many businesses and introduces an element of uncertainty that makes it difficult to plan effectively.
Thanks to an explosion in cheap goods available to the average American consumer, the tagline “Made in America” is rare today. After all, why buy a pair of pants from the American producer when you can buy 3 or 4 relatively equivalent ones imported from the Orient and available in the ubiquitous entity that is your friendly neighborhood Walmart? However, even that situation is changing and, when inflation (and potentially hyperinflation) rears its ugly head, even Walmart might seem too expensive to the regular Joe and Jill.
Most of our readers are familiar with the gold Maple Leaf, Eagle, Buffalo and Krugerrand. Along with the Nugget/Roo and to a certain degree, the Panda, such coins are widely recognized around the world as a good way to hold physical metal. But there is also another coin that belongs to this group and in fact (as a Swiss contact confirmed recently), it carries one of the lowest premiums of the internationally recognized one-ounce variety: the Austrian Philharmonic.
In the business world, Germany is known as a powerhouse manufacturer of high-quality, higher-end goods – particularly in the Business-to-Business markets. The key to this success is exceptional efficiency and productivity – two critical keys to success in a developed country that needs to pay developed-country wages to their workers. However, that’s only the stereotype and in today’s feature, Bill Drake attempts to drill down deeper into the classic German business and management mentality
As a general rule, I don’t pay much attention to the talking heads on the news networks nor the politicians who argue with each other about who can better butter-up the voters – if I want to see chimpanzees screaming at each other, I can go to the zoo. However, there is occasionally a time when they are of some use… and that is when you need to get a sense of what the general population spends their time thinking about. Nowadays, that seems to be some generalized sense of worry followed by a “we need those guys in government to do something about it”.
For those that have followed IM for a while, you’ll likely have noticed two common themes driving the quest for internationalization. The first is opportunity. It’s no secret that many parts of the developed world have entered into a severe decline.
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