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How can you achieve the lifestyle of complete freedom without having the first million in the bank?
By admin | May 12, 2009
This is a question that was recently posed to me by real estate guru Thomas Bolther, who was setting out to answer this question on his own website. How can one live free offshore and make money at the same time? Actually, it’s surprisingly easy. The offshore element gives you a huge head start over those who must deal with taxes and over-burdensome government regulations when setting up their businesses.
One good thing coming out of this recession/depression is that it is really making people question their lifestyle choices. Forcing radical change on people can be a force for the good. You might have been putting off something you really wanted to do for years, for example, because of pressure of work or lack of time. Then, suddenly, you lose your job and you are free to realize your dream! Ironic, huh?
Of course, in real life things aren’t that simple. But on the other hand, we often make things too complicated. Always ask yourself why. Things that have just come to be accepted as fact often need to be challenged. And right now we are all facing challenges. It is up to us to make the best of them, and that will probably involve doing something new and different.
Remember that in the years following the great depression in the 1930s, many of America’s greatest fortunes were made, and family dynasties were created that survive till this day. I believe that over the coming two or three years, many new fortunes will be created. Many of those, says Thomas Bolther, will be in real estate – that’s why he talks about How to be a Property Tycoon. The people who become rich will not be ‘lucky.’ They will be creative entrepreneurs who saw opportunities and reacted. People who are open minded.
In fact, a lot of it comes down to common sense. And most of those fortunes will not be made in the USA or the UK. They will be made (at least on paper, but more likely in practice too) in offshore havens like Panama, the Cayman Islands or Taiwan.
They say that “travel broadens the mind” and talking from personal experience I can say that is very true. Another wise man once said that the world is like a book, and those who never travel only see one page. You see that in different cultures and countries, there are different ways of doing the same thing, that work just as well. As you gain experience of the world, you just begin to see opportunities that never occur to people who stay at home watching soap operas.
The internet, of course, allows you to run an ‘ideas’ business like that from anywhere. A new concept for me, for example, was running an onshore real estate business from offshore over the internet. But my friend Thomas Bolther explained very neatly how he did this for years, and how he has now all but phased out the real estate part, making the transition to a 100% online business. He calls it Living as a Laptop Hippie.
All the while he was living the offshore lifestyle he wanted. Thomas’s article is called “How to Build Real Wealth Offshore and Online” and it’s Part 4 of our FREE FIVE PART Secrets of the Super Rich course, available free right now simply by entering your e-mail address in the box tothe right of your screen.
So to return to our original question, you just don’t need a million in the bank to be free, to be your own boss. There are millions of businesses out there you can start with no money down, and many of them can be run from a laptop, with the paperwork and banking elements all secured in an offshore tax haven. Even if you end up with fewer material benefits, you will buy peace of mind, freedom from stress.
Why go offshore? Going offshore is no longer about hiding money – it is about creating wealth in an environment that is free from burdensome over-regulation. Real free markets. And most importantly, by freeing up your mind’s creativity, by living free and hopefully debt-free, you reduce or eliminate the stress and worry that I’ll bet are the biggest factors holding you back right now. If you feel it’s time to change, then go for it! Don’t wait until you have a million in the bank, or you might never get there!
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