Episode description
The provided text is an audio transcript from a presentation by Mikkel Thorup of Expat Money, introduced by Tom Woods. Thorup, an expert in international living, discusses the concept of a “Plan B” – an economic backup plan for individuals and families to secure their freedom, assets, and lifestyle in an increasingly unstable world. He outlines a “Four Plus One” framework, detailing strategies for gaining immigration options (permanent residency, citizenship, second passports), making international investments (offshore accounts, real estate), implementing wealth protection structures (trusts, foundations), and employing legal tax mitigation strategies. The “plus one” focuses on lifestyle considerations when choosing a new country, emphasizing factors like cost of living, healthcare, safety, and cultural values. Thorup stresses the importance of working with qualified professionals to navigate these complex international legal and financial landscapes.
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