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Old 02-13-2021, 09:13 AM
  #41  
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Originally Posted by Buck Rogers View Post
I haven't read the book. Your insinuation, while prolly true, has no bearing on whether the information in the book is true or not.

I will take my preconceived notion of it being analagous to an "ad" and vet the information if I think it is reasonable. Isn6t that one way to learn and expand your knowledge base?
You’re right it could be true. But how do you know? I suppose you’d have to cross reference with other sources on the subject. And if you’re going to do that why not skip the guy whose main purpose seems to be to sell you on his service.

The website had a “make millions from my secret for selling on Amazon” type vibe.
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Old 02-13-2021, 11:55 AM
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Originally Posted by Rooster435 View Post
You’re right it could be true. But how do you know? I suppose you’d have to cross reference with other sources on the subject. And if you’re going to do that why not skip the guy whose main purpose seems to be to sell you on his service.

The website had a “make millions from my secret for selling on Amazon” type vibe.

He has a thousand Youtube videos with a lot of detail on strategy and advice. Of course he is selling his service just like everyone else in that industry. The difference I have found with his information is that he is always up on what is happening with programs and gives advice based on what is best for the client, not his pocket. He also will not advise on anything illegal which separates him from a lot of people in his industry.
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Old 02-13-2021, 03:32 PM
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Originally Posted by Rooster435 View Post
Do you think his book is anything but an advertisement for his business?
He certainly pumps his business, especially in the last 1/4 of the book, however the guy’s lived what he preaches and there’s very useful and good information in the pages. Additionally, he stresses doing everything LEGALLY.

Last edited by WHACKMASTER; 02-13-2021 at 03:50 PM.
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Old 02-13-2021, 03:38 PM
  #44  
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Eh, if a pilot has enough business income to be exploring significant tax breaks, money and time would be better allocated hiring a professional tax strategist. Preferably before the end of the tax year.

A quick browse of reviews on Nomad capitalist shows this is more snake oil salesman then a professional, fiduciary service.

A fool and their money are soon parted... DYODD

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Old 02-13-2021, 03:41 PM
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Originally Posted by Gspeed View Post
What was your location on 1/6/2021?
Did you want lat longs?
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Old 02-13-2021, 03:47 PM
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Originally Posted by Gspeed View Post
What was your location on 1/6/2021?
Inside the Capital building.....of course.
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Old 02-13-2021, 03:50 PM
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Originally Posted by Trip7 View Post
Eh, if a pilot has enough business income to be exploring significant tax breaks, money and time would be better allocated hiring a professional tax strategist. Preferably before the end of the tax year.

A quick browse of reviews on Nomad capitalist shows this is more snake oil salesman then a professional, fiduciary service.

A fool and their money are soon parted... DYODD

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I watched his Youtube until I got an idea of what I needed to accomplish and then hired a lawyer and accountant to make it happen. I suppose if anyone gave him money to do legal work that would, in fact, make them a fool. The assumptions made on this forum are truly amazing.
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Old 02-13-2021, 03:54 PM
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Originally Posted by Trip7 View Post
Eh, if a pilot has enough business income to be exploring significant tax breaks, money and time would be better allocated hiring a professional tax strategist. Preferably before the end of the tax year.

A quick browse of reviews on Nomad capitalist shows this is more snake oil salesman then a professional, fiduciary service.

A fool and their money are soon parted... DYODD

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I think the point you’re missing from not reading the book is that he advocates expatting or at least setting your business up offshore (again....legally).

The gist is why move from a high tax state like California to say, Tennessee when you can realize much more significant tax savings by moving abroad. Or in the case of certain types of business owners, legally locating their business offshore for some pretty drastic tax savings.

Last edited by WHACKMASTER; 02-13-2021 at 04:37 PM.
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Old 02-13-2021, 04:58 PM
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I browsed some of Nomad’s YouTube videos. Love his theory, but most of the videos I saw used tax havens and real estate shelters in countries with some questionable security. Sure, I may save a lot on taxes, but what happens when the mafia fleece me for a “protection fee” on my rental property in Montenegro? What happens to my ex-pat bank account in Columbia when they have a run on the banks? It seems like you’re trading one problem for another.
I was expecting Bahamas, Switzerland, Bermuda, Caymans. What I saw was Portugal, Italy, Panama, Ecuador, Latvia, etc...
Unless you are willing to physically move out of the US and babysit your wealth, I wouldn’t have the peace-of-mind to follow his ways.
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Old 02-15-2021, 06:23 PM
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So does the fed raise interest rates when inflation starts to get out of control or do they just let it go?

If they raise interest rates, the market crashes and the government can’t service the national debt. If they don’t raise rates, we have more inflation. They are between a rock and a hard place.
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