2023-07-18_Panama_Event_Invitation
00:00:00.000 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,
00:00:02.920 | skills, insight, and encouragement you need to live a rich and meaningful life now while
00:00:06.720 | building a plan for financial freedom in 10 years or less.
00:00:09.520 | My name is Joshua Sheets.
00:00:10.520 | I'm your host.
00:00:11.520 | And on today's podcast, I'm going to share with you some useful information and ideas,
00:00:16.640 | especially focused on the topic of international planning.
00:00:19.320 | I'm going to share with you some ideas about one nation in specific.
00:00:23.800 | That nation is Panama, and how it can be a useful tool in your international planning
00:00:28.080 | toolbox.
00:00:29.080 | And I'm going to invite you to sign up for a private one-week event, which I am co-hosting
00:00:34.920 | in January of 2024.
00:00:38.680 | That one-week event will be located in Panama City, Panama.
00:00:42.360 | And what I'm doing is, together with my friends, Mikkel Thorup, founder of expatmoney.com,
00:00:48.160 | as well as Gabriel Custodiat, founder of Watchman Privacy, whom I've worked with on a number
00:00:53.040 | of courses, et cetera, we are presenting and co-hosting a private one-week event.
00:00:58.840 | Think of it as almost an investment tour of the nation of Panama.
00:01:03.600 | It's going to be very limited access, very limited numbers of people, really nice luxury
00:01:08.160 | event for one week.
00:01:09.960 | And I want you to come and spend a week with me and with my friends in Panama.
00:01:13.960 | If you'd like to just skip straight to and say, "Well, that's it.
00:01:17.360 | I'm up.
00:01:18.360 | I'm ready to go," go to expatmoney.com/radical.
00:01:23.280 | Link is in the show notes.
00:01:24.480 | You can go there.
00:01:25.480 | You can read the sales page.
00:01:26.480 | All the information is there, and you can sign up.
00:01:28.400 | In the course of this podcast, I will share with you some details.
00:01:31.760 | First, I'm going to share with you a little bit about my story with internationalization
00:01:36.160 | and why I have become so heavily involved in this space, because it's not necessarily
00:01:40.400 | a normal expression for many financial planners and many people's finances, et cetera.
00:01:45.160 | I'm going to share with you a bit of a framework as to how you approach internationalization.
00:01:50.440 | I'm going to share with you a little bit about the nation of Panama and how it can be a very
00:01:55.360 | useful tool, and then I will share with you all the details of this event, let you know
00:02:00.040 | what you can expect when you come and hang out with me in January.
00:02:05.160 | Let's begin with my pathway into internationalization.
00:02:09.240 | Though newer listeners of Radical Personal Finance might be surprised by this, for me,
00:02:14.880 | my international endeavors and my international focus is a relatively new thing in my life.
00:02:21.120 | Up until about four to five years ago, it's not something that I ever conceived of, thought
00:02:26.960 | of, or spent much time involved with.
00:02:30.280 | I was born and raised in the United States of America, and I had, I think, a fairly normal
00:02:34.800 | experience of doing that.
00:02:36.800 | When I say normal, what I mean is I didn't think a lot about the world outside of the
00:02:42.080 | United States.
00:02:43.080 | I did enjoy traveling.
00:02:44.320 | I traveled more than many people, but certainly not as much as some.
00:02:49.000 | That travel was something that I enjoyed, but I never imagined moving to another country
00:02:52.920 | or doing things in another country, etc.
00:02:56.360 | Most Americans don't.
00:02:57.960 | Most Americans have a mindset that basically involves doing everything inside of the United
00:03:02.780 | States, and that's not something that I think should really be criticized.
00:03:08.080 | I don't like to engage in America bashing.
00:03:12.240 | I think it's a very common thing.
00:03:15.120 | Because the country is large and powerful and wealthy, people enjoy beating up on Americans,
00:03:21.000 | and I line up to defend Americans against many of those things.
00:03:25.160 | I think we deserve a good set of criticism.
00:03:28.160 | I've got a long list of criticisms of my own, but there are some areas in which the criticism
00:03:34.400 | just falls flat, is an example that I like to use.
00:03:38.120 | Things like passport ownership.
00:03:40.140 | Many times, people around the world like to make fun of Americans for having a relatively
00:03:43.760 | low rate of passport ownership and for not traveling internationally all that much.
00:03:49.840 | This is different than many other wealthy countries of the world.
00:03:54.880 | By the way, first, those numbers are often not as extreme as they're represented.
00:03:59.800 | Years ago, I would hear things like, "Well, 15% of Americans have passports."
00:04:03.480 | That's nonsense.
00:04:04.480 | I don't know what the current number is, but it's much higher than it was, probably due
00:04:08.080 | to the fact that now, unlike previously when it was easy to travel to Mexico and Canada
00:04:13.240 | with a birth certificate, etc., now you need more and more of a passport, and all the Secure
00:04:16.880 | ID stuff is probably more of a factor as to why.
00:04:20.520 | The point remains that Americans have something of a lower rate of passport ownership than
00:04:25.840 | many other nations in the world.
00:04:29.180 | If I hear people bashing Americans for that, I quickly pipe up and say, "Listen, how much
00:04:32.800 | do you know about the United States?
00:04:34.120 | Have you been there?
00:04:35.120 | Do you understand anything about the geography of the country?"
00:04:40.400 | It's a little bit hard to listen to, say, a Polish guy bashing the United States if
00:04:45.240 | you understand something about the geography of Poland versus the geography of the United
00:04:48.680 | States.
00:04:49.680 | Generally speaking, there's little to no reason for Americans to go to any other nation if
00:04:55.320 | they're looking to fulfill any kind of basic thing that they want to do on vacation.
00:05:02.840 | Because within the country, especially due to its latitude and even the longitude that
00:05:06.200 | it covers, basically almost every climate zone is represented, virtually every activity
00:05:12.280 | is represented.
00:05:13.540 | If you want to go surfing on the beach, we've got that.
00:05:16.200 | If you want to go skiing on the mountain, we've got world-class skiing.
00:05:19.620 | If you want to go shopping in the big city, we've got that.
00:05:21.960 | If you want to go to a spa town, we've got that.
00:05:24.760 | Virtually anything that you can think of, or at least that I can think of, you can do
00:05:28.880 | inside the United States, everything from desert sand dunes to snowy white-capped mountains.
00:05:35.140 | In many cases, the activities that are available for vacation, et cetera, in the United States
00:05:40.480 | are world-class.
00:05:42.080 | I can't think of really anything in which there's not a spot in the United States in
00:05:47.000 | which the facilities or the expression of that activity is not world-class.
00:05:53.400 | That's really unique and really worth paying attention to.
00:05:56.720 | The United States being such a large nation means that even traveling within the country
00:06:00.960 | itself takes time.
00:06:02.920 | It takes hours to fly from one side of the United States to the other.
00:06:08.360 | If you understand that, it can be just rather bothersome to think then about going 12 hours
00:06:12.080 | to the other side of the world if you can have pretty much just about anything that
00:06:15.640 | you want within a few hours' drive in some cases or within a few hours' flight.
00:06:21.000 | Then when you get into just the simple conveniences of modern life and the facilities for virtually
00:06:26.720 | any activity that are available in the United States, it's just so easy, so much easier
00:06:30.840 | than going abroad in many cases.
00:06:33.600 | I'm one who has gone to many countries and I go to the hard ones and the easy ones.
00:06:38.960 | The more I travel, the more I appreciate how easy everything is in the United States.
00:06:43.440 | I think unless people have some kind of weird fixation with travel and going to the hard
00:06:47.520 | places like I do, then generally speaking, I don't fault people for going to a nice resort
00:06:52.280 | that's a few hours away or going to a nice ski slope that's near where they are instead
00:06:56.720 | of going to Argentina.
00:06:57.720 | It's just easier to stay within what you know and a lot cheaper, better service, better
00:07:03.400 | and cheaper in so many regards.
00:07:05.880 | So all that to say that I don't have any grudges against the United States and I never imagined
00:07:12.040 | really living anywhere else until about four or five years ago.
00:07:16.600 | I guess it's actually more than that now.
00:07:18.680 | But what started to make me pay attention was when I started to watch a lot of the chaos
00:07:23.800 | surrounding national politics in 2015, 2016, 2017, etc.
00:07:29.920 | And I started to become very uncomfortable with my own future and the future of my children
00:07:34.140 | being tied to one country, a country that I increasingly didn't recognize and increasingly
00:07:40.240 | don't recognize.
00:07:41.240 | A lot of my sense of familiarity was just eroding and I thought, "What on earth is going
00:07:46.960 | on?
00:07:47.960 | I don't understand this."
00:07:48.960 | And there were a few specific issues that were national level issues that caused me
00:07:53.240 | myself to become uncomfortable.
00:07:56.800 | And I thought it would be really nice if we had some other options.
00:08:00.880 | At the time, my wife and I had a bunch of children and we're young bit children and
00:08:04.520 | I didn't know a lot of what to do with it, but this was in the back of my mind.
00:08:09.180 | And that was when I stumbled across an idea of what I've talked about in the podcast.
00:08:14.240 | I'm not going to go deep into it, called flag theory.
00:08:16.960 | And basically flag theory was an idea that was invented in the 1980s by a bunch of rich
00:08:22.160 | libertarian playboys who wanted to live freely in what they saw as an increasingly unfree
00:08:26.460 | world.
00:08:28.080 | And that always resonated with me.
00:08:29.840 | Now there's two aspects to that.
00:08:31.880 | The very well-known book by Harry Brown, right?
00:08:34.760 | Harry Brown, How to Live Free in an Unfree World, I think is really excellent.
00:08:40.000 | And that book doesn't involve running away from the problem.
00:08:42.600 | It just talks about how to free yourself from the system and how to live freely in an unfree
00:08:46.520 | world.
00:08:47.520 | I haven't read that in a few years, but I've read it and recommended it.
00:08:50.560 | No problem.
00:08:51.560 | But then the flip side of it is, well, what can we actually do if we start to face something
00:08:56.280 | that affects us?
00:08:57.600 | What if we face some kind of persecution?
00:08:59.360 | What if we face some kind of issues?
00:09:01.480 | What if our country just starts to impose unreasonable taxes or things start to fall
00:09:06.680 | apart, et cetera?
00:09:08.680 | And that was one of the things that opened my eyes up to thinking about going to other
00:09:12.920 | places.
00:09:13.920 | And I thought, you know what, if I at least had an option to go to another country, that
00:09:18.280 | could solve some specific, basically national level threats.
00:09:23.280 | I was very concerned and still am concerned about things like taxation.
00:09:27.360 | I didn't want my children, I'm sitting here looking at a bankrupt government, increasing
00:09:31.480 | national debt, et cetera.
00:09:32.640 | And I thought, you know, I myself don't think this debt's ever going to get paid off.
00:09:36.360 | I expect it to be defaulted on myself.
00:09:39.520 | But let's say I'm wrong.
00:09:41.320 | Do I really want my children to be tied to this country?
00:09:45.040 | And do I want my children to be enslaved in a form, indebted, becoming indentured servants
00:09:51.040 | to a government to pay off the debts of their grandparents that they didn't vote for?
00:09:56.600 | That's not right.
00:09:57.680 | That's not just.
00:09:59.320 | And yet I'm the one who has to do something about that.
00:10:01.800 | Because if I don't do something about that, maybe too late someday.
00:10:05.360 | Don't I have a responsibility as a father to make certain that my children are free,
00:10:09.920 | that they have the option to go to other places?
00:10:12.440 | I worried and still worry about things like military conscription.
00:10:16.640 | The United States has had an all-volunteer army since the Vietnam War.
00:10:22.720 | But that all-volunteer army is massively underneath its recruiting targets.
00:10:28.360 | And I always worried, what if the government drafted my children?
00:10:32.280 | And as they became increasingly anti-war, as I grew older, I became, you know, to see
00:10:36.980 | most of the wars that my nation was involved with as stupid and pointless and immoral.
00:10:42.120 | I thought, don't I owe it to my children to make certain that if a government passed
00:10:47.320 | a draft notice that they don't have to flee to Canada in the middle of the night like
00:10:52.560 | so many did during the Vietnam War?
00:10:55.400 | Wouldn't it be nice if they just simply could go to a different country and live there as
00:10:59.480 | a citizen and have a different set of travel documents, etc.?
00:11:03.000 | I started to look at financial issues and everything from increasing regulation on,
00:11:07.880 | you know, Patriot Act stuff and lack of privacy.
00:11:11.240 | And I thought to myself, don't I owe it to my children to make sure that we have – that
00:11:16.560 | we're not dependent on one country?
00:11:18.160 | I'll stop there.
00:11:19.160 | I don't want to go too deep.
00:11:20.440 | And then this was – this also occurred with my paying a lot of attention to financial
00:11:27.180 | stuff and financial trends.
00:11:29.120 | When I was a formal financial advisor years ago, I was the guy that people would come
00:11:34.200 | to and ask questions about gold investing.
00:11:36.600 | They would be talking about mutual funds and they would have a client who says, "But
00:11:39.440 | I want to buy gold."
00:11:41.160 | And a lot of times the advisor didn't know much about it.
00:11:43.120 | They'd send me an email, "Hey, talk to my client about gold because at least you
00:11:45.360 | can give him some decent advice about buying gold.
00:11:47.960 | It's not just crazy."
00:11:49.840 | And so it was interesting in this stuff for a long time.
00:11:53.240 | As I watched financial collapses and thought about all of the doom and gloom prophecies
00:11:57.740 | of the future, I came to realize the legitimacy of going to another place.
00:12:03.360 | It was probably – I think it was probably sparked by John Reed's original book.
00:12:09.480 | Years ago, John T. Reed wrote a book called How to Survive Hyperinflation or something
00:12:14.560 | like that.
00:12:15.640 | And his basic point in that book was he laid out the idea that just don't be where the
00:12:19.800 | hyperinflation is and go to another place.
00:12:22.680 | He didn't talk about residency permits, things like that, or passports.
00:12:26.120 | He just talked about going as a tourist.
00:12:28.580 | But it opened my eyes to recognize that economic crises are largely national level things.
00:12:35.680 | They're not international.
00:12:37.360 | They do make a difference.
00:12:38.360 | If the United States sneezes, the world catches a cold.
00:12:41.980 | That exists.
00:12:42.980 | But the really bad stuff, the million percent hyperinflation, the total collapse, these
00:12:48.140 | are national level events and they're not contagious.
00:12:51.240 | The collapse in Venezuela doesn't automatically lead to a contagion that affects Brazil and
00:12:55.940 | Colombia.
00:12:56.940 | Those countries each have their own unique situations.
00:13:00.700 | And as I watched that, I realized that you can avoid most problems if you just go to
00:13:05.340 | another country.
00:13:06.340 | So that's where I myself got heavily involved in international planning.
00:13:10.420 | And it began with basically an idea to say, "I want to make sure that I and my children
00:13:17.300 | can choose which country treats them the best and choose which country they want to interact
00:13:23.940 | with and they're not beholden to one country."
00:13:27.540 | Because I believe in the importance of competition.
00:13:30.700 | And while I believe and acknowledge publicly, repeatedly, that the United States is world
00:13:36.020 | class at so many things, any company, any person, no matter how good they get or no
00:13:42.420 | matter how good they are, if they don't have competition, they quickly start to disrespect
00:13:48.380 | their customers.
00:13:49.380 | And it's much healthier to have a world of many strong players because that competition
00:13:54.620 | keeps everybody focused on protecting their customers.
00:13:58.660 | So it started in 2019 when my wife and I went abroad with our then three children, went
00:14:05.780 | abroad for birth tourism to have our fourth baby abroad, and it has continued on since
00:14:10.060 | then.
00:14:11.060 | So about four to five years now.
00:14:13.020 | And I just basically haven't really gotten around to going back to the United States.
00:14:17.500 | I still think I probably will in the future, but I haven't gotten around to it yet.
00:14:22.820 | I continue to enjoy building and having robust plans around the world and just enjoying the
00:14:30.380 | international lifestyle while also acknowledging where, you know what, I think there are certain
00:14:35.140 | things that I really appreciate more about the United States.
00:14:38.420 | And doing this has brought me an incredible sense of freedom, an incredible sense of peace,
00:14:45.620 | et cetera.
00:14:46.620 | I laid out my plan in 2019.
00:14:49.660 | I was a DIYer and I went and I looked and I got all the information I could find.
00:14:54.340 | The first book I had ever read on it was the original one by W.G. Hill called PT.
00:14:58.680 | That was where I started.
00:15:00.020 | Then I started to find more of the modern resources and I studied the countries and
00:15:03.820 | I laid it all out and I made up my flag theory plan and I went and did it.
00:15:08.380 | I did it.
00:15:09.380 | I was a DIYer.
00:15:10.380 | I didn't hire a consultant.
00:15:11.380 | I just went and did it.
00:15:12.900 | And along the way, I made a ton of mistakes.
00:15:15.740 | I spent huge amounts of money unnecessarily, things that I could save today.
00:15:23.500 | But I've enjoyed it.
00:15:24.500 | It's fun.
00:15:25.500 | I like a challenge.
00:15:26.500 | But today, I just feel this incredible sense of relief that I'm no longer dependent on
00:15:32.300 | one country.
00:15:33.640 | For me, for my family, for my children, I've done all the stuff.
00:15:37.100 | I've checked it all off.
00:15:38.100 | I've got flags planted in other countries.
00:15:39.780 | If I never wanted to go back to the United States again, never wanted to use my U.S.
00:15:45.020 | passport, never had a dime in the country, etc., I don't need the United States.
00:15:50.540 | And that has actually brought me to a place of greater peace with the country than when
00:15:54.860 | I was entirely in it.
00:15:58.060 | I think of it sometimes, I don't love this analogy, but it's probably the most apt, is
00:16:02.140 | that if you talk to somebody who's in the midst of frustration and anger and fighting
00:16:06.900 | nonstop with his spouse, it seems like all the guy can do is say everything that's wrong
00:16:12.260 | with his wife and what a horrible woman she is.
00:16:14.420 | It's about all he can see.
00:16:15.580 | And then a lot of times, the relationship ends, they go on their way, and you come by
00:16:19.580 | some years later, and if you catch the guy in a moment of honesty, he'll acknowledge,
00:16:24.380 | "Hey, there were some things that were really frustrating about what she did, but at the
00:16:27.900 | end of the day, it wasn't all bad and it wasn't all her."
00:16:31.440 | And that's kind of how I feel about the United States, is that today, having rounded the
00:16:35.340 | corner, I can look at the world with a lot more peace and equanimity and just relaxation.
00:16:41.020 | I don't see everything as, "It's going to catastrophe."
00:16:43.980 | I see things in a more moderate way, and I just appreciate the good things about the
00:16:50.140 | country.
00:16:51.140 | And that's something that I'm grateful for and that I want for you, if that's something
00:16:56.900 | that appeals to you.
00:16:58.420 | And so internationalization is the process of basically figuring out different places
00:17:04.580 | in the world that might provide you with more of what you want and less of what you don't
00:17:09.340 | want.
00:17:10.420 | Because in many ways, you can't change much about the place that you live, but you can
00:17:16.380 | change the place that you live.
00:17:19.200 | You can't change much about the country of your birth, but you can change the country
00:17:23.940 | of your children's birth.
00:17:25.700 | The environment that you live in, the environment that you choose for yourself, is something
00:17:32.140 | that you can choose.
00:17:33.740 | People don't think it is, and yet it is.
00:17:37.180 | And that's where I have realized that when we go out in the world and we're careful about
00:17:42.860 | the things that we build, and we build a sense of freedom for ourselves, it can bring all
00:17:45.700 | kinds of benefits.
00:17:47.100 | Now I've mostly talked about some legal stuff and kind of emotional stuff.
00:17:52.380 | There's a whole slew of other benefits that can be achieved.
00:17:55.140 | Tax planning that's available in the international space is phenomenal.
00:18:00.860 | Having been a financial advisor in the United States, I had previously had a very one-sided
00:18:06.660 | view of tax planning.
00:18:08.540 | I knew what there was in the tax code, but I didn't know anything about other tax codes.
00:18:13.620 | I didn't know anything about what was available from an international perspective.
00:18:17.820 | And it's very common.
00:18:18.820 | I still find this today.
00:18:19.820 | I'll talk to great, very well-informed financial advisors, accountants, et cetera, and I open
00:18:25.780 | up just the most simple of comments from an international perspective, and they don't
00:18:30.860 | know anything about it.
00:18:32.600 | And after all, why would they?
00:18:34.060 | Because the United States, we think in terms of what state offers the best tax code.
00:18:38.140 | We don't think in terms of countries.
00:18:40.320 | And as I started to realize, wait a second, I can save tens of thousands of dollars a
00:18:43.460 | year completely legally on my taxes, hundreds of thousands in some cases, and I can do this
00:18:48.900 | completely legally?
00:18:49.900 | Wait a second, you're telling me I can make 10 million bucks a year and live 100% tax
00:18:54.340 | free?
00:18:55.340 | That's amazing.
00:18:56.340 | Like, there's a whole new world out there that I discovered.
00:19:01.500 | And as I went through the process of doing that and having some money put aside and having
00:19:06.740 | money in other bank accounts, having money in other currencies, et cetera, just brought
00:19:10.620 | me incredible opportunities.
00:19:12.100 | And so that was my pathway into international planning.
00:19:15.620 | What does that have to do with you?
00:19:16.940 | Well, it's become a common theme on radical personal finance.
00:19:21.660 | It's something that people ask questions about.
00:19:23.340 | I answer this stuff on Friday Q&A shows.
00:19:26.540 | I have courses on it, right?
00:19:28.540 | Internationalescapeplan.com.
00:19:29.540 | I teach an entire course on how to do this stuff, et cetera.
00:19:32.580 | But what I have not done is I have tried not to get heavily into talking about specific
00:19:40.180 | jurisdictions, specific places, specific countries.
00:19:43.180 | I keep the details of my own planning somewhat private.
00:19:46.980 | And while I talk about individual countries, say on a Friday Q&A show, et cetera, and I
00:19:52.260 | don't run away from the conversation, what happens is that I like my stuff to be fairly
00:19:58.260 | evergreen.
00:19:59.300 | I don't want my stuff to sound so totally dated.
00:20:01.900 | Stuff changes so quickly in the international space that I try to avoid that.
00:20:08.580 | The other thing that I try to be really careful of is the need for customized planning.
00:20:13.260 | Because just like good financial planning should be very individualized, it's even more
00:20:18.620 | important that good international planning be very individualized.
00:20:22.300 | Because each of our circumstances is so different from one another.
00:20:27.020 | We have different interests, different abilities, different tolerances.
00:20:30.220 | We all desire different lifestyles.
00:20:32.780 | We speak different languages.
00:20:34.280 | We have different backgrounds.
00:20:35.280 | There are different things that are important to us.
00:20:37.820 | And so international planning should begin with a knowledgeable, competent planner who
00:20:44.200 | is sitting and talking with someone who could pull those things out and not approach it
00:20:48.380 | from a hardcore specific place.
00:20:51.500 | So I don't – this is the country.
00:20:53.940 | And because so many of the people who promote – so this business has a lot of money in
00:20:59.740 | it.
00:21:00.740 | There's a lot of people who get involved and they promote this program, that program,
00:21:03.860 | et cetera.
00:21:04.860 | And when you are paid by, I don't know, St. Kitts and Nevis commissions for suggesting
00:21:11.260 | their citizenship, then it's hard to consider other options.
00:21:15.000 | And that's often what happens is the people do one thing.
00:21:17.460 | They have a financial interest and they suggest this is the way it's always done.
00:21:22.420 | So I want to be – I think you should always be very careful.
00:21:24.900 | You should approach the world very openly and go with what seems the most appropriate.
00:21:30.620 | If you're thinking about it, planning it, et cetera, you should look at the world very
00:21:33.980 | broadly.
00:21:34.980 | What I have found, however, is that there are a number of areas where people are really
00:21:41.220 | consistent about being concerned about and especially from my listening audience.
00:21:45.480 | My listening audience being English speakers with a mass majority in the United States,
00:21:51.940 | a second largest exposure in Canada and Great Britain, obviously as English-speaking countries,
00:21:57.340 | and then a significant portion in some of the larger nations in Europe, Germany, France,
00:22:02.060 | et cetera, and then with a sprinkling all around the world.
00:22:04.360 | But that's where most of my listening audience is.
00:22:06.420 | And if you talk with enough Americans and Canadians and Germans, et cetera, about what
00:22:11.540 | they're concerned about or what they want to think about in terms of their planning,
00:22:15.180 | there are a few basic themes that come out.
00:22:18.740 | Some of those themes involve things like personal freedom.
00:22:23.380 | Very few people want to go out and put in – and get a citizenship in Russia right
00:22:29.620 | now or China, et cetera, because of the lack of personal freedoms and personal choices.
00:22:36.260 | People are frequently concerned about lifestyle.
00:22:39.100 | If you come from a place where living is pretty good, one of the reasons you got rich was
00:22:44.120 | not so you could go and live in a slum.
00:22:46.860 | Physical safety, big concern.
00:22:49.100 | Linguistic compatibility.
00:22:51.300 | Tax rates, tax laws, other onerous laws and regulations, et cetera.
00:22:57.020 | And when you do this and you share these basic things that we have in common from a cultural
00:23:02.380 | perspective and you look at the menu of world choices that's out there, the different
00:23:06.620 | countries and what they offer, you go through a fairly consistent process.
00:23:13.460 | And there are things that are just simply – all of us have concerns.
00:23:17.800 | So let's say that you're like me and you are an American living in the United States
00:23:22.980 | and you'd like to get connected with another country and you'd like to start setting
00:23:27.420 | some stuff up in another country and you're looking at the world and saying, "All right,
00:23:31.940 | but what offers do I have out there?"
00:23:35.180 | Well, you're going to start by looking close to home and the closest to home nations for
00:23:41.940 | Americans involve places like Canada, Mexico, big countries, Bahamas, some of the Caribbean
00:23:48.460 | nations, et cetera, and then Central America and to an extension, South America.
00:23:54.220 | And you start going through these.
00:23:56.020 | So Canada, what does Canada offer?
00:23:58.060 | Well for young people who are highly educated, have some Canadian connections, et cetera,
00:24:03.420 | Canada offers a pathway to residency, pathway to citizenship that's very – can be pretty
00:24:07.980 | quick.
00:24:09.180 | The challenge is that Canada wants people who are going to move there and live there.
00:24:14.660 | There's no pathway to Canadian citizenship or Canadian residency that doesn't involve
00:24:19.260 | you spending months and months per year there.
00:24:22.200 | So there's a huge investment of time.
00:24:25.820 | Canada also suffers from very high taxes and very high cost of living.
00:24:31.740 | Real estate prices are very high and overall high cost of living.
00:24:36.300 | And so for Americans who look at that and say, "But I can do better in the United States,"
00:24:41.260 | Canada can be hard.
00:24:42.260 | Unless you want to move there, have some connection there, et cetera, Canada can offer limited
00:24:46.500 | options.
00:24:47.500 | I always recommend Canada as a great first stop for banking.
00:24:51.140 | It's one of the easiest places to go for an American and open another bank account.
00:24:55.880 | But I don't want to get too much involved with Canada beyond that unless I actually
00:24:59.900 | want to go and live there and appreciate the lifestyle and gain from what you spend in
00:25:03.620 | tax money, et cetera.
00:25:05.560 | What other nations are there?
00:25:06.560 | Well, there's Mexico.
00:25:08.620 | Mexico offers world-class options.
00:25:12.460 | Years ago, a number of years ago, I interviewed a Mexican attorney and the title of the show
00:25:16.420 | was "Why Every American Should Go and Establish a Residence Permit in Mexico."
00:25:21.340 | I still believe that.
00:25:22.500 | Every single American should have a residence permit established in Mexico.
00:25:25.980 | Prices have come up recently as they always do.
00:25:29.460 | And Mexico is a place that you should have a residence permit.
00:25:32.620 | There's a great second residency, a place that you can go and live.
00:25:36.180 | It offers a pathway to citizenship that, while not the fastest in terms of calendar years,
00:25:41.900 | can be one of the fastest in the world in terms of days on the ground.
00:25:45.040 | It's a great birth tourism destination.
00:25:49.220 | One of my top three that I recommend for birth tourism, just a really, really great destination.
00:25:55.360 | It's wonderful also for Americans because of the drivability.
00:25:58.340 | However, Mexico has a number of disadvantages.
00:26:01.240 | Some of the big ones involve finding a lifestyle that you like with an appropriate community.
00:26:06.920 | People are often very worried, especially in the drug war areas of crime and violence
00:26:11.380 | that happens.
00:26:12.540 | And a big challenge of Mexico is taxation, that Mexico offers very limited tax planning
00:26:18.460 | opportunities.
00:26:19.460 | It's a high tax jurisdiction.
00:26:21.220 | And so while, of course, there are millions of people living, not millions, excuse me,
00:26:24.780 | there are many people living there who just ignore the law.
00:26:28.420 | If you want to do everything by the book, it can be difficult to get really low taxes
00:26:32.500 | or eliminate your taxes living in Mexico.
00:26:35.140 | So I think Mexico is a great option, but it's a limited option.
00:26:38.740 | It's one of those things that has certain benefits, but it's hard to see it offering
00:26:42.080 | the whole package.
00:26:43.920 | Where else do you go?
00:26:44.920 | Well, the Bahamas is, I think, a really great destination.
00:26:47.820 | The Bahamas has, first of all, liberal entry requirements for people who want to simply
00:26:53.060 | come as tourists.
00:26:54.260 | It's a tax-free place, no income tax.
00:26:57.920 | It's very accessible to the United States, very close, easy to get back and forth from
00:27:03.420 | Florida, et cetera.
00:27:05.480 | Great pathway, residence permit, not really any pathway to citizenship, but you can get
00:27:08.860 | a residence permit by buying a house there.
00:27:11.840 | But it's very small, and it's very difficult to see yourself being there all the time.
00:27:16.060 | And I think with wealthy people, it's not something, you know, international planning
00:27:19.380 | is something where you shouldn't lead with money saving.
00:27:23.340 | The reason you got wealthy was so you could live the way you wanted to live.
00:27:26.360 | So Bahamas is a good option.
00:27:27.360 | There are some other options in the Caribbean, lots of Caribbean citizenships that you can
00:27:30.920 | purchase, et cetera.
00:27:33.300 | But the Caribbean also has some significant disadvantages, good tax havens, et cetera.
00:27:37.160 | But at the end of the day, you're living on an island, not super well connected and can
00:27:41.780 | be quite challenging, depending on, again, what nation we're talking about.
00:27:45.920 | Big difference between Jamaica and the Cayman Islands, even though the weather might be
00:27:48.720 | very similar.
00:27:50.620 | What else is close to home?
00:27:51.620 | Well, then you get into Central America.
00:27:53.660 | And Central America is a unique set of countries.
00:27:57.620 | So South of Mexico, Guatemala, Belize, El Salvador, Honduras, Nicaragua, Costa Rica,
00:28:05.260 | Panama, I think I got them all.
00:28:07.420 | And each one of these nations has a different set of benefits and a different set of disadvantages.
00:28:13.380 | Of these nations, Panama is, I think, probably for the vast majority of people, Panama should
00:28:20.380 | be at the very top of the list.
00:28:22.460 | And there are a few reasons why.
00:28:25.720 | One of the big benefits of Central America is the geography, especially for American-based
00:28:31.300 | people.
00:28:32.440 | If you're in Panama City, you are on East Coast time.
00:28:37.460 | You're an easy short flight away from really anywhere, especially on the East Coast.
00:28:44.100 | With anywhere from about two and a half hours to five hours, you could have direct connections
00:28:48.700 | from Panama City to the entirety of the East Coast.
00:28:52.100 | Miami, Fort Lauderdale, Orlando, Tampa, Atlanta, all of the Washington DC, Baltimore, New York,
00:28:59.780 | both JFK and Newark, Boston, Montreal, Toronto, Chicago, etc.
00:29:05.540 | And good connection to the rest of the country as well.
00:29:07.620 | Direct flights to Denver, Houston, Austin, direct flights to Vegas, Los Angeles, San
00:29:12.380 | Francisco, etc.
00:29:14.660 | Panama City is also the best connected of the Central American nations to other parts.
00:29:20.700 | First directly connected to, I think, every country in South America.
00:29:27.260 | Direct connection to the vast majority of countries in the Caribbean and to every country
00:29:31.700 | in Central America.
00:29:33.260 | As well as direct flights to Madrid, Paris, Amsterdam, Istanbul, just direct flights across
00:29:41.020 | the ocean as well.
00:29:42.500 | And so that connectivity is really, really useful.
00:29:44.740 | And having the same time zone is really useful instead of constantly working in the middle
00:29:51.500 | of the night, etc.
00:29:52.500 | It's a really good connection.
00:29:54.540 | Panama has aggressively courted outsiders and has offered them really, really smooth
00:29:59.260 | and simple options.
00:30:01.420 | Panama has for years been one of the best second residency destinations where you can
00:30:05.540 | come and with a simplified process you can set up a second residency.
00:30:09.700 | What that means is you can have a residence permit where at any time you can move to Panama
00:30:13.100 | and you can live there full time with no requirement to leave the country.
00:30:17.380 | But importantly, this residency permit, unlike places like Canada, etc., doesn't require
00:30:23.740 | you to invest huge amounts of time on the ground.
00:30:26.860 | You do need to come there fairly regularly, at least once every year or two.
00:30:31.460 | I can't remember, once every couple of years you need to come to renew your permit.
00:30:34.740 | But you don't have to be there for ten months a year.
00:30:37.780 | So if you're thinking about, you know what, I'm just going to keep on living where I want
00:30:40.620 | to live but I'd like to have an option in my pocket, a second residency in another place
00:30:44.300 | that could work out for me if I ever wanted to go or ever needed to go somewhere else,
00:30:51.020 | Panama is a really great place for that.
00:30:54.600 | And because they have such a well-developed infrastructure, the process is simple, straightforward,
00:30:59.500 | relatively inexpensive.
00:31:01.140 | You can get your residency, get a driver's license, get everything squared away in a
00:31:05.100 | fairly short amount of time.
00:31:07.740 | Panama is also one of the better destinations in Central America where you can live because
00:31:12.460 | of the lifestyle that it offers.
00:31:15.100 | Unlike some other countries that seem rooted in the past and suffer with decay and not
00:31:20.820 | a lot of development, Panama is a nation that has actively embraced development.
00:31:25.380 | If you go to Panama City, it's just a wonderful city.
00:31:29.540 | And you can see that just driving along the waterfront and see the office towers, see
00:31:34.300 | the development, etc.
00:31:35.740 | Panama is a financial hub of the world with many businesses based there of all kinds,
00:31:41.780 | huge banking jurisdiction, financial management jurisdiction, and they've gotten there that
00:31:46.180 | way because of their low tax rates.
00:31:48.940 | Panama is a place where you can live either at a very low tax rate or with non-existent
00:31:54.860 | taxes, completely legally.
00:31:55.860 | It's a territorial tax nation and there are a variety of ways that you can set up your
00:32:00.140 | finances and live tax-free or very tax-light depending on what you are looking for.
00:32:05.700 | Panama has been a great place just even for lifestyle.
00:32:10.780 | One of the things I still remember, the first time I went to Panama and traveled along the
00:32:15.580 | Panama Canal Zone, and I was just amazed at how American it felt.
00:32:20.540 | Now the whole country is not like this, it's not Little America, but the Panama Canal Zone,
00:32:25.620 | that zone of the country that was owned by and operated by the Americans for a hundred
00:32:30.540 | years after the construction of the canal, it's amazing because all the architecture,
00:32:35.020 | it feels like you're in 1950s America, 1970s America.
00:32:40.220 | Some of that is now starting to be updated, but it's just a really interesting feel.
00:32:43.420 | It's a very Western feeling place.
00:32:45.720 | High rates of English spoken and the Spanish that's spoken is of generally high quality,
00:32:50.060 | a lot easier than Dominican Republic to learn and practice Spanish.
00:32:55.860 | Panama has been a useful destination for even things, again I mentioned banking, gold storage,
00:33:02.980 | etc.
00:33:03.980 | It's just been, it's a good overall scenario.
00:33:06.900 | It's one of the most livable places with one of the least costs of any of the options that
00:33:12.420 | are there in Central America.
00:33:15.540 | And so it's a really useful tool in a planner's tool belt.
00:33:19.500 | And because of its proximity to the United States, I think it has advantages over many
00:33:24.700 | of the other jurisdictions.
00:33:25.700 | If we go to South America, right, the next significantly set of, the next place that
00:33:33.180 | has good options for internationalization, then again we run into certain places are
00:33:37.460 | good for some things and not for most things.
00:33:40.180 | Colombia, I think, has a great future.
00:33:42.260 | I love Colombia.
00:33:43.260 | Colombia is not a tax haven.
00:33:45.300 | It's very hard to spend a lot, you can't spend all year in Colombia and pay zero taxes.
00:33:50.380 | That's a challenge.
00:33:51.860 | Go throughout South America, you go down to Southern South America and there are, each
00:33:57.940 | country has certain things that it's good at, but now you get into distance from the
00:34:01.460 | United States, cost of going back and forth goes up, and there aren't a ton of great tax
00:34:08.460 | savings opportunities in some of those nations.
00:34:11.260 | There are good residency options.
00:34:13.100 | Paraguay, Argentina has a pathway to citizenship, but then there's also a huge amount of instability.
00:34:18.780 | And Panama has several decades of good stability and a great, good government in force right
00:34:23.060 | now.
00:34:24.060 | So I'll stop going on about Panama.
00:34:25.260 | What I'm trying to demonstrate to you, however, in my own comments, and I'm speaking fairly
00:34:30.700 | extemporaneously off the cuff here, is simply that each nation has something to offer, but
00:34:37.100 | it's hard to find most things or everything in one country.
00:34:42.580 | But if you have a base in the United States or you are around the United States, Panama
00:34:49.940 | is one of those options that offers more things than others.
00:34:55.020 | And so, again, even just the tax efficiency, the lifestyle, the conveniences, etc., Panama
00:35:02.260 | has a much, if you go down the list of ten different factors, Panama will punch eight
00:35:07.460 | of them, whereas some of the other nations in Central America, Northern South America,
00:35:12.700 | and North America will punch, say, five or six of them.
00:35:16.680 | And so it's a leading country in that regard.
00:35:21.780 | So if any of this is interesting to you, then now we turn to the event that we are hosting.
00:35:28.140 | So the event that I am hosting is in January.
00:35:31.500 | The specific dates will be January 22 to January 28.
00:35:35.900 | So that's the fourth week of January 2024.
00:35:38.460 | January 22 to January 28.
00:35:42.500 | It will be a seven-day, six-night trip in Panama.
00:35:47.780 | And basically, it's not all-inclusive, but it's close to all-inclusive.
00:35:52.300 | All of the planning has been done for you, and it's going to be an overview of Panama.
00:35:58.580 | It's going to be a chance for you to travel, see some sites, take a look at, do some investment
00:36:03.620 | tours, look at some different things.
00:36:05.940 | And it's going to be based in Panama City, Anton Valley, the highlands, etc.
00:36:11.780 | And there's going to be a combination of activities put together.
00:36:17.020 | First is going to be an educational opportunity.
00:36:18.980 | I'll be speaking.
00:36:19.980 | I have a couple of sessions planned.
00:36:22.340 | Mikkel Thorup will be speaking.
00:36:23.780 | By the way, I had Mikkel on the show some time back as an interviewee.
00:36:30.020 | And you can go and listen to that episode of the podcast with him.
00:36:33.940 | I first got to know Mikkel several years ago when I read his book.
00:36:38.420 | When I was back in that early phase of my internationalization education, I went out
00:36:43.940 | and I read as many different books on the subjects as I could find.
00:36:46.460 | And one of those that I read was Mikkel's book, "Expat Money."
00:36:49.820 | Mikkel is a super interesting and extremely knowledgeable guy.
00:36:52.980 | He emigrated from Canada when he was in his teens, and he has traveled all over the world.
00:36:58.580 | He's lived in a variety of nations.
00:37:01.400 | Most recently, before he moved to Panama some years ago, I think he was living in Abu Dhabi
00:37:06.060 | with his wife.
00:37:07.060 | And actually, interestingly, I was just recently with him and I asked him why he moved from
00:37:11.340 | Abu Dhabi to Panama.
00:37:13.700 | And his reasons I thought were very, very interesting and be reflective of some of the
00:37:17.740 | things that I said about Panama being such a useful jurisdiction.
00:37:23.480 | Super interesting commentary that I'm sure you can ask him about yourself.
00:37:27.820 | And so on this tour, Mikkel is going to be teaching and presenting.
00:37:31.260 | I think some of his contacts are also going to be presenting a few different sessions.
00:37:35.420 | I'll be presenting and teaching, and then Gabriel Custodiate will also be presenting
00:37:41.140 | and teaching.
00:37:42.620 | But this trip is going to be very intimate, meaning hanging out.
00:37:45.980 | The maximum number of attendees is 40 people.
00:37:49.740 | That's it.
00:37:50.740 | So once we get to 40, it's done.
00:37:52.780 | It'll be no more than 40.
00:37:54.300 | And given the fact that we're going to be spending time together in a number of different
00:37:57.940 | contexts, it's going to be a great opportunity for you to spend time with me, with Mikkel,
00:38:02.420 | with Gabriel.
00:38:03.420 | We're going to be traveling together, spending significant amounts of time together, and
00:38:06.500 | especially by capping it at no more than 40 people.
00:38:09.100 | I expect it to be us to have lots of time to spend together.
00:38:14.540 | And we're not only going to be in Panama City.
00:38:17.180 | We'll do a real estate tour of Panama City.
00:38:19.660 | We're going to do a tour of an offshore gold vault in the Panama Free Trade Zone.
00:38:24.540 | We'll visit the Panama Canal, of course.
00:38:26.060 | You can't go to Panama and not visit the canal.
00:38:29.300 | We'll go and visit the highlands and see a self-sustaining community that Mikkel is a
00:38:34.380 | partner in.
00:38:35.380 | We'll have all kinds of events together over the course of those seven days.
00:38:40.340 | The full itinerary is listed at expatmoney.com/radical.
00:38:44.920 | You can read the itinerary and see everything that is included.
00:38:48.740 | In fact, let me go over what's included.
00:38:50.940 | First thing that's included, your hotel, six nights of accommodation at a high quality
00:38:54.980 | hotel in Panama.
00:38:56.900 | Breakfast will be included every day as well.
00:38:59.100 | We'll have a welcome dinner and wine together at a very nice restaurant on day of your arrival.
00:39:04.740 | We'll have three days of conferences together.
00:39:07.220 | At those conferences, it'll include, of course, refreshments.
00:39:11.140 | It includes a private real estate tour with all transportation included.
00:39:14.340 | Sunset cocktails on Ocean Reef Islands, tour of the Panama Canal, entry fee is included.
00:39:19.460 | Gold vault tour, transportation included.
00:39:21.780 | Afternoon spent in Casco Viejo, which is the historic district of downtown Panama City.
00:39:28.460 | Field trip to Anton Valley to visit the site of the upcoming self-sustaining community.
00:39:33.340 | Real estate on the Pacific Ocean, tour of the facilities, party on a private beach including
00:39:37.500 | food beverages, live music and transportation there and back.
00:39:42.740 | The vast majority of your costs and the vast majority of your experiences will be included.
00:39:48.580 | What's not included will be any lunches or dinners that I didn't mention.
00:39:53.780 | A handful of lunches and dinners, snacks, water, souvenirs, travel insurance, any activities
00:39:58.740 | that you want to do that aren't included in the itinerary, as well as your transportation
00:40:03.180 | to and from the airport into Panama City and then airline flights to and from Panama.
00:40:11.340 | The great news about that is airline flights are generally pretty inexpensive in and out
00:40:15.220 | of Panama and there's a metro that goes directly.
00:40:17.500 | If you want to ride the metro, it goes directly from the airport into the city or, of course,
00:40:23.180 | there's private transportation available as well.
00:40:25.940 | It's going to be a really, really great event.
00:40:28.980 | What I'm most looking forward to myself is the chance to spend time with listeners.
00:40:36.080 | One of the reasons I'm doing this is to spend time.
00:40:41.460 | I have a financial incentive, of course, on this tour, etc.
00:40:45.940 | I'll go over the prices in just a second.
00:40:47.700 | So obviously, I have a financial incentive.
00:40:49.660 | But one of the things that I most want to do is I really want to do a lot more interaction
00:40:55.180 | with you, my listeners.
00:40:56.660 | I desire very much to bring a much, much more in-person connections to this community.
00:41:05.900 | I have a few ways that I've been intending to do that.
00:41:08.180 | Number one, I'm intending to do more simple meetups.
00:41:11.860 | I may be able to do more this summer.
00:41:13.820 | The problem is right now, I've got so many little children that it's incredibly burdensome
00:41:18.100 | on my wife for me to be away.
00:41:20.180 | So I have a choice of either I hit the road and I put a significant burden on her, which
00:41:26.980 | – by the way, she doesn't complain.
00:41:28.420 | She doesn't say I can't do anything.
00:41:29.860 | But I love my wife.
00:41:30.860 | I don't want to overburden her.
00:41:31.860 | It's just tough.
00:41:32.980 | If I'm gone for weeks at a time, that's really difficult.
00:41:36.420 | And so I want to do more meetups.
00:41:39.220 | It's just difficult right now to be away for significant amounts of time.
00:41:43.460 | I want to do some more camps and things like that.
00:41:46.700 | I have a friend and a listener that I'm going to start working on and organizing some
00:41:51.420 | family camps because I really want to bring more of a sense of community, of in-person
00:41:56.620 | community.
00:41:57.620 | We're all dying for friendships and community, et cetera.
00:42:01.140 | I really want to – I love being with listeners because we're like-minded in many things.
00:42:05.700 | We have something in common and that leads to good relationships.
00:42:09.540 | So I want to do more family camps and more educational stuff in years to come.
00:42:13.140 | I want to do more seminars.
00:42:15.220 | In my files, I have multiple three-day seminars where I could teach through things in a systematic
00:42:20.300 | way, et cetera.
00:42:21.580 | But I haven't figured out for myself, "Okay, what's the price point?
00:42:24.460 | What's the – Am I selling a $200 seminar or a $20,000 seminar and the marketing and
00:42:29.420 | all of that, et cetera?"
00:42:31.020 | And so one of the reasons I partnered with Mikkel is that he's got a team that does
00:42:34.940 | this.
00:42:36.100 | He's got a great setup where he does these tours himself for his audience.
00:42:43.060 | Basically they've got experience with it.
00:42:44.820 | So I'm working with him because I get to – His team does everything.
00:42:50.020 | They make all the hotel reservations.
00:42:51.540 | They make everything.
00:42:52.540 | They do all the logistics.
00:42:53.660 | I show up.
00:42:54.660 | I hang out with y'all, which is going to be pretty cool.
00:42:59.780 | I show up.
00:43:00.780 | I hang out with you guys.
00:43:01.780 | I don't have to deal with any of the administrative stuff, but I also get to see how it goes,
00:43:05.820 | how it works, what works well for us.
00:43:08.500 | So if you just imagine hanging out for a week with me, with Gabriel, with Mikkel, and with
00:43:14.820 | 39 other listeners of the show where you have something in common, it's going to be a
00:43:19.740 | phenomenal week where we're just going to – I mean we can talk about everything.
00:43:25.620 | And I promise you I'm leaving my family at home.
00:43:28.660 | So for this event it'll just be me and from 6 a.m. to 10 p.m. I'll be around.
00:43:33.940 | I'll be available.
00:43:35.260 | And you'll get a chance to – We'll get to know each other very, very well.
00:43:40.220 | And so that's what I'm super excited about.
00:43:42.260 | It's just to spend time and company with 40 of my listeners and Gabriel's listeners,
00:43:48.780 | et cetera.
00:43:49.780 | We're all going to have a lot in common.
00:43:50.780 | We're going to be great.
00:43:51.780 | It's going to be a great networking opportunity, not just with the Panamanian Connections,
00:43:54.860 | but just among us.
00:43:55.860 | I'm sure we're going to forge and deepen some connections and relationships and friendships
00:44:01.060 | that may go far beyond where we are.
00:44:05.780 | So in case it's not evident, this is not going to be a family-friendly event, meaning
00:44:11.860 | we're not going to be doing anything that's not family-friendly, but other than sitting
00:44:15.980 | around and listening to – thinking about international tax planning.
00:44:18.660 | But it's not an event for children.
00:44:20.060 | So my troop of five young children under the age of 10, they will all be at home, not with
00:44:27.620 | me.
00:44:28.620 | So I think – what's it?
00:44:30.180 | We said 13 and up.
00:44:31.500 | If you want to bring your children, they just need to be older than 13, something like that.
00:44:35.740 | But this is going to be an adult's event.
00:44:38.620 | And so that's going to give us time to be together with minimal work, minimal hassle,
00:44:42.940 | et cetera.
00:44:43.940 | And that's going to be awesome.
00:44:46.260 | Prices for one individual, the price for all of that is $3,900.
00:44:52.640 | So that covers the bulk of your expenses there in Panama City.
00:44:56.620 | You got to get yourself to and from Panama and then cover a handful of meals and whatever
00:45:02.740 | other activities you want that aren't there.
00:45:05.500 | And so figure probably all in, if our price is $3,900, then your budget probably $5,000.
00:45:14.500 | We should be very comfortable depending on where you're flying from.
00:45:16.980 | If you're flying in from Taipei, then you deal with your airfare.
00:45:21.460 | But somewhere between $4,000, $4,500 all in, you'll be there.
00:45:26.100 | So $3,900 for a single occupancy room.
00:45:29.820 | If you want to come and bring your spouse, that is of course welcome.
00:45:33.620 | For a double occupancy room, then the price goes down to $2,900 per person.
00:45:39.420 | $2,900 per person for a double occupancy room.
00:45:43.620 | So those are the prices.
00:45:46.020 | More details, if you have any questions, you can ask me.
00:45:49.940 | If you go to expatmoney.com/radical, that's where you sign up.
00:45:54.280 | All the details are there on the sales page.
00:45:56.920 | You can hear on that sales page, you can hear Mikkel talk about how to move to Panama or
00:46:03.040 | use it as your plan B residency.
00:46:05.340 | And so that's a great introduction to Panama.
00:46:08.540 | And by the way, this event is a Panama tour.
00:46:12.500 | However, Mikkel does global planning.
00:46:16.460 | And in the same way that I'm not shying away, I'm not trying to convince you that Panama
00:46:19.980 | is the best thing.
00:46:21.980 | I'm talking about, and I will talk there at the event, we'll talk about all the different
00:46:25.660 | countries that you're interested in.
00:46:27.620 | Mikkel does planning all over the world for clients, private planning, et cetera.
00:46:31.820 | He and his wife have a really interesting story and they've done all the stuff.
00:46:37.240 | And so this is not only about Panama.
00:46:41.460 | So if you have questions and you want to work on Mexican residency or something in Canada,
00:46:46.780 | Mikkel's from Canada, doesn't like Canada, probably disagrees with my telling you to
00:46:50.700 | go and get a bank account there.
00:46:52.500 | But hey, that's welcome to the world of internationalization.
00:46:55.700 | He does these tours and has done them with his audience and the Channel Islands and
00:47:00.500 | a number of different places around the world.
00:47:02.660 | And he's lived in many places, et cetera.
00:47:04.900 | And so while this is a Panama event, don't think that you are committing yourself in
00:47:10.180 | coming.
00:47:11.180 | Don't think that you're committing yourself that I've got to do Panama stuff.
00:47:13.580 | I think Panama stuff is a great option for a lot of people.
00:47:16.820 | And this is going to get you a chance to know Panama, to understand what's great about Panama,
00:47:20.640 | see it with yourself, enjoy a week away.
00:47:24.700 | We put it during the winter, you'll notice.
00:47:26.420 | So this will be January and Panama will not be cold and snowy.
00:47:31.260 | Panama will be warm and tropical.
00:47:33.620 | And so if you want to get away in January, get away with your spouse, we'd love to
00:47:37.300 | welcome you for a time together.
00:47:40.700 | And obviously you put on as much time at the beginning or the end as you want to, to take
00:47:45.400 | advantage of other aspects of being in Panama.
00:47:49.060 | But we're going to make it worth your time and look forward to hanging out.
00:47:52.860 | So at expatmoney.com/radical, you can listen to Mikkel's podcast on Panama and then we'll
00:47:59.740 | talk about other stuff.
00:48:01.920 | The event is an event in and of itself.
00:48:04.260 | And we've got a lecture schedule that's planned on some specific topics where we're
00:48:08.980 | going to give you overviews of this on a truly international place.
00:48:14.940 | But we're in Panama and we're going to go and see what the opportunities are in Panama.
00:48:19.500 | So I think that's it.
00:48:20.500 | That's everything I'd like to talk to you about.
00:48:21.740 | I hope that you will come.
00:48:24.020 | Go to expatmoney.com/radical, expatmoney.com/radical, sign up today.
00:48:29.980 | Remember there are only 40 slots available.
00:48:36.180 | We will do the trip if we get, we have a minimum number and I don't think we're going to have
00:48:41.980 | any trouble hitting it, but I think we're going to sell out.
00:48:44.940 | I'm pretty confident.
00:48:47.300 | I mean, I haven't done a ton of these, but I'm pretty confident from what I have done
00:48:50.820 | that we'll have no trouble selling out.
00:48:52.620 | So sign up quickly, please.
00:48:54.080 | Go to expatmoney.com/radical, expatmoney.com/radical.
00:48:59.340 | All the information, sign up today.
00:49:01.620 | expatmoney.com/radical.