N3xtlv, Riga (2026)

24/03/2022

The Turkey Real Estate Guide

A decade ago, I visited Istanbul in Turkey. I said it was ‘enigmatic.’ It was really hard to gauge how the country might be useful for N3XTLV, both in terms of offering the right investments and at the right price. Fast forward to 2020 and it’s clear to me now that it is a city of endless opportunity.

Not only is Turkey one of the hottest things in the “Second Citizenship industry” right now. It’s also a highly attractive place for real estate investment. I define a great deal as any property that’s in a great location in a major city and costs less than $1k per square meter to buy.

Istanbul, for example, is full of great deals right now. From penthouses in some of the most coveted neighborhoods to new land developments in the suburbs, Istanbul offers a great ROI for those willing to do the legwork. So, how do you invest in real estate in Turkey, how do you maintain your property and what taxes are applicable when you decide to sell it? Let’s find out.

Enjoy the reading.. 😎

➤ https://bit.ly/3vzlk5S

17/03/2022

Are Offshore Banks Safe and Secure?

Are offshore banks safe? In short – generally, yes. Though this blanket statement would do little to relax you. I could also tell you that during the Great Recession, US Banks were merely the 40th safest in the world and they haven’t recovered nearly as well since. Objectively speaking, the best banks are offshore!

But this is not a matter of the mind, it’s a matter of the heart. I understand the fear that is involved in trying something new, especially when what you could theoretically lose are your savings. So, the right question should be.. Are Offshore Banks Safe Enough For You?

Enjoy the reading.. 😎

➤ https://bit.ly/3K32fNE

06/03/2022

How To Open a Bank Account Offshore in 1 Day

Offshore banking is a topic we have covered extensively here oa N3XTLV – we have written articles on why you should open an offshore bank account, why this banking style appeals to wealthy people and how to open an account without much money, as well as any variant in between.

But with so much choice, the last thing you want is to make the wrong decision and waste your time. You’re a businessman, your time is valuable. An hour squandered on pointless bureaucracy means sixty minutes of lost effort that could have gone into increasing your bank account balance.

Often, it’s not unwillingness that is stopping people from investing abroad – they want to travel to open an account with a respectable and strong bank that has all the things they might need. What is stopping them is paralysis by analysis and the sheer amount of time necessary to get it started. Today's Topics:

➤ How to Open a Bank Account Remotely
➤ How to Open a Bank Account In-Person
• Expatriate Banking
• Retail Banks
➤ Go For Effective, Not Flashy
➤ What Is The Best Offshore Bank For Me?

Enjoy the reading.. 😎

➤ https://bit.ly/36ol13c

03/03/2022

Hiring Tips - How to Hire Slow and Fire Fast

There are few choices in business as important as deciding when to hire someone and when to fire them. Your employees are the lifeblood of your business. If you have a brilliant idea but incompetent workers, you will never succeed. Conversely, if you have a bad idea but good workers, then you actually have a (small) chance of success.

Often, a “bad idea” merely needs some polishing, or it needs to be presented in a different light or to a different audience. But to do this, you need adaptability and creativity. And no matter how skilled you are as an entrepreneur, at the end of the day, you are just a single person. This is why knowing how to “hire slow, fire fast” is one of the most important skills you should master when running a business.

As a small operation of a few dozen people, you can’t afford having B- and C-listers. If an employee isn’t helping you, then they’re hurting you – as they’re using space, resources, and money that could be better spent elsewhere. You need to be equal parts methodical and ruthless in order to succeed.

Enjoy the reading.. 😎

➤ https://bit.ly/3p4xCix

27/02/2022

Why I No Longer Hire Freelancers

A few months ago I made a tough HR decision: going forward, I am not going to hire any freelancers for N3XTLV unless I absolutely have to. I didn’t make this decision lightly. Freelancers have served me well over the years. But I have come to the conclusion that these types of strategies have diminishing returns. If you’re a seven- or eight-figure entrepreneur, it’s time to shift to a permanent core staff that you can trust and you know has your back in any situation.

Your time is valuable. It is among the few resources that you cannot get more of no matter how much money you throw at it. Thus, any successful entrepreneur eventually reaches a point when the value of one hour of their time far outweighs any financial arbitrage opportunities that they could experience. From the perspective of a cost-benefit analysis, it’s simply not worth it to continue to do this.

Oftentimes, with these ultra-cheap workers, you’ll spend more time babysitting and managing them than you would stand to gain from their job. It’s not a binary though, I wouldn’t be where I am today had I not known how to properly use freelancers effectively. There are situations where I would advise hiring a freelancer, and there are bad points against it as well. So here’s a list of reasons to not hire freelancers, along with a list of reasons why you should.

Enjoy the reading.. 😎

➤ https://bit.ly/3sR7VTU

23/02/2022

What is Tax Residence and Why Does it Matter?

When we help our clients create an offshore strategy for their Nomad Capitalist lifestyle, I find that there are many people who have a hard time telling the difference between a residence permit – a second residence – and their actual tax residence.

While second residence and tax residence are often connected in many offshore strategies, they are two very different things. In this article, we’ll cover exactly what a tax residence is, how it differs from a normal second residence, the advantages of having tax residence in a country other than your home, and how you can add a tax residence to your offshore strategy.

Enjoy the reading.. 😎

➤ https://bit.ly/3GW1jIO

21/02/2022

If You Want The Best Investments, Think Globally

The assumptions you made and the lessons you learned twenty years ago are long out of date. Think I’m wrong? Think back to 1996. In the infancy of the internet, three of the top websites on the internet were AOL, Yahoo, and Netscape. Fast forward to the year 2020 and each of those top websites is either gone or at the brink of extinction, with the exception of Yahoo, which has seen a dramatic loss in their market share to other search engines such as Google and Bing.

Had you firmly held onto any of those original pioneers, it would have been the same as holding a lit match too long.The only thing constant in life is change. The same applies to the global investment landscape, both then and now. Countries that weren’t even on the radar 20 years ago are now developing at a rapid pace, while others fall in and out of favor. But how do you know what makes for the best investments? Here at N3XTLV, we know that if you really want the best investments, you have to think globally. In this article, we’ll tell you why.

Enjoy the reading.. 😎

➤ https://bit.ly/34tD6wh

19/02/2022

Should I Turn My Empty Homes Into Rental Properties

As a highly successful person with six, seven or more figures to your name, you probably know that productivity is everything. But what should you do when living the life of a perpetual traveler? Bouncing around from place to place, dropping tens of thousands of dollars on hotels per year, and slowly but surely getting fed up with it all.. Substandard and inconsistent service in high-end chain hotels? Yup. Planning where you’ll sleep next, creating packing lists and schlepping a whole bunch of stuff around the world? Been there and done that.

I won’t be the first one to tell you that you can’t build and scale a business when you’re living a life that’s so chaotic. Now that I follow my Trifecta Strategy, I won’t ever go back to that. I have multiple home bases around the world and have designed my life to flow perfectly from one to the other. But I never rent my homes out when I’m gone. I have not turned my empty homes into rental properties when I’m gone for one simple reason: productivity.

Enjoy the reading.. 😎

➤ https://bit.ly/3gmkuk0

17/02/2022

The Most Stable Emerging World Currency

If you want to increase the return on cash you hold in depository accounts, you can use emerging world banks to earn higher – even dramatically higher – rates of interest. Here at N3XTLV, we believe that well-positioned offshore banks are just as safe as many of the banks where you may live.

Not only can you earn much higher interest rates on base currencies such as the U.S. Dollar or Euro, but if you want to earn the maximum rate possible – double-digit rates in some cases – you could accomplish that by holding stable emerging world currencies in emerging world banks. Whereas the interest rate on U.S. Dollar deposits in the United States is generally 0% or nominal at best, the same U.S. Dollars held in an emerging world bank may earn somewhere between 3-4%.

And, if you were to convert those same U.S. Dollars into an emerging world currency, you could stand to gain more like 6-10% on interest, or even as high as 15%, depending on the specific currency in question. But naturally, the greater potential return comes with an increased risk. And so, when considering whether to hold cash in emerging banks and whether to do so an emerging world currency account, it is important to analyze and evaluate both the quality of the emerging economy as well as the banking institution itself, since both factors are directly associated with risk.

Enjoy the reading.. 😎

➤ https://bit.ly/3ISlyIH

10/02/2022

7 Underrated Cities For Nomad & Expats

With the whole world at your disposal, it doesn’t make sense to stay where you were born. Several cities have become well known among nomads and expats as the place to be: Singapore, London – the usual suspects. And in nomad circles: Lisbon, Bangkok, and Medellin. All of these are wonderful cities in their own right, but at N3XTLV, we like to find the underappreciated and the hidden gems of the world. When it comes to the place where we live, it’s no different.

The following are some cities for expats and nomads that I think deserve more attention. I’m a big city guy – I like action. So, let’s start in Asia.

Enjoy the reading.. 😎

➤ https://bit.ly/348yIlP

03/02/2022

7 Tax-Friendly Countries For High-Net-Worth Expats

Here at N3XTLV, we often talk about my five magic words: “go where you’re treated best.” You can take your life, your money, your investments, your business, and even your citizenship to the places where they will receive the best treatment. Everyone can go where they’re treated best, but the application of this creed changes from person to person.

If you are a high-net-worth individual or even an ultra-high-net-worth individual, your needs are likely very different from those of an entrepreneur who is making an income but doesn’t have as much capital to invest. When it comes to finding a place to settle down or set up a base, going where you’re treated best certainly involves varying personal preferences, but one preference we should all have in common is finding a tax-friendly or even tax-free place that we can call home.

Today, we will be discussing specific countries where high-net-worth individuals can go to enjoy the good life in exchange for low or even zero taxes. As a practitioner of this lifestyle, my advice goes beyond the trends you’ll find in the offshore research lifecycle. And while a list of tax-friendly countries can be helpful, the best advice of all is to get out there yourself to see and experience these places before deciding if they are right for you.

Enjoy the reading.. 😎

➤ https://bit.ly/3Av17if

7taxfriendlycountriesforhightnetworthexapts

27/01/2022

Let's Talk About The Global Currency Reset..

In a lot of corners of the internet and the offshore world, you often hear about all manner of rumours and ideas. Among the ones that have been making the rounds lately is that of a “Global Currency Reset”, and I’ve had clients asking me about it. It’s worth addressing because misunderstanding market signals can lead you down the wrong path.

The theory behind the Global Currency Reset is that the USD would lose its position as a reserve currency because the US is overly leveraged and becoming less competitive compared to resource-rich emerging economies. After all, the value of a currency is a barometer of people’s trust in the government and its ability to repay debts. If there is no trust, then you don’t have money. What you have instead is a collection of portraits of long-dead presidents.

If this occurs, this would unbalance a system that has been in place for over a century; as the dollar gained ascendency because of its former gold standard and American efforts to pick up the pieces after both world wars. In more recent times, the US also retains its currency’s value by ensuring that a good portion of world financial contracts are denominated in USD, including OPEC’s oil production.
Put bluntly, I don’t see any reason why there would be any Global Currency Reset coming any time soon. Especially because it’s not just the US that has high levels of debt, but almost every major modern economy out there. The Japanese government has much higher debt relative to its GDP than the US, for example.

Enjoy the reading.. 😎

➤ https://bit.ly/33fnL1T

letstalkabouttheglobalcurrencyreset

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