#146: How To Become An Expat; Lowering Your Taxes; Increasing Your Standard Of Living - Mikkel Thorup

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Summary

Join Eric Schleien with today's interview guest, Mikkel Thorup,
as they talk real about the many possibilities of living life as
an expat in foreign countries. Due to dyslexia and being made to
study in special classes, Mikkel was poorly treated by many peers
during his younger years – an experience with discrimination he
did not feel when he got to live life outside the country.


Mikkel shares in this episode the key points he gets clear with,
on tax and obligations to the government, with clients who are
interested in living an expat's life. From his experience in
living in other countries, he also discusses the cost of living,
lifestyle, and luxuries that foreign countries experience that
the average life in North America no longer caters to nowadays
for many.


As an expat, Mikkel keeps things in perspective. For him, a
country's government should always be viewed separately from its
people and culture, and that people shouldn't go to other
countries and try making it like their own. Instead, Mikkel
believes it's crucial to learn how to embrace the experience,
culture, food, language, and everything else about a place that
people can make friends and stories with.
About Mikkel Thorup

Mikkel Thorup is the host of The Expat Money Show podcast. He is
also the author of the #1 Best-Selling book Expat Secrets on
Amazon. Mikkel has spent over 20 years in continual travel around
the world, visiting more than 100 countries, including Colombia,
North Korea, Zimbabwe, and Iran.


His goal is to help people just like you to generate additional
streams of income, legally 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.


Website: https://expatmoneyshow.com/

Podcast: https://expatmoneyshow.com/episodes/

Twitter: https://twitter.com/ThorupMikkel

Show Notes

[01:35] Getting into special class and dropping out of
school.

[09:15] What is an expat?

[12:36] The school system in the pandemic.

[15:03] Want the expat life? What to ask?

[23:40] Healthcare in Panama.

[27:09] On residency-based and territorial-based tax systems.

[29:32] What to look into - The FEIE.

[34:15] Belize is an excellent place for certain reasons…

[37:35] The cost of living and the quality of life in South
East Asia.

[39:19] What can expats get life access to that North America
can no longer offer?

[47:08] Experiencing North Korea and Iran.

[50:16] On Amazing Switzerland and Estonia's VISA Program.

[59:44] What people who want to be an expat need to learn…

Resources

The Expat Money Show - Is E-Residency in Estonia Right for
You with Ott Vatter:

Expat Secrets - How To Pay Zero Taxes, Live Overseas &
Make Giant Piles of Money Book by Mikkel Thorup

About Eric Schleien

Over the past decade, Eric has trained thousands of individuals,
including board members of public companies as well as several
Fortune 500 CEOs. Eric specializes in organizational culture and
has become a leading authority on organizational culture in the
investment industry.


Eric has been investing for 15 years and has been using
breakthrough coaching methodologies for over a decade. Eric had
the insight to combine proven coaching methodologies with
shareholder activism techniques to create an entirely new model
for shareholder activism that was more reliable and created
greater sustainable results in a rapid period of time. On
average, Tribal Leadership produces a 3-5x increase in profits of
culturally troubled companies within an average of 24 months or
less.


Eric currently resides in Philadelphia, PA.


 
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