Speaker:

Why would you leave Australia? Why don't you stay and be loyal? Now listen, fuckwit. If

Speaker:

you have tens of millions of dollars and the government's fucking

Speaker:

you at every turn, of course rich people are

Speaker:

going to leave. Australia is the hot person of the world. It's so

Speaker:

beautiful. But the personality sometimes sucks. Australians,

Speaker:

I think, have this misconception that everywhere in the world is shit except

Speaker:

Australia. Absolutely they do. It's absolutely

Speaker:

not the case. And they're all afraid, like people go, right now I'm in Marseille in

Speaker:

France. Oh Marseille, isn't that a bit dangerous? I'm like, dude, it's

Speaker:

awesome. Did you just see the machete attacks in

Speaker:

Melbourne? You know what I mean? Oh my God. Like Australia is not becoming

Speaker:

the safest place in the world. So yeah. And so the, you know, the

Speaker:

country, the world is a beautiful place and I like color

Speaker:

and diversity and I like, I like, I

Speaker:

like to see how most of the world lives. Australia is a little bubble, and it's a beautiful little

Speaker:

bubble. And if I do go back, and I will at some point, every time I've lived overseas

Speaker:

before, I lived in the States for five years, and every time I went back to Australia, you

Speaker:

go, man, it's so beautiful. Like, Australia is the hot person of

Speaker:

the world. It's so beautiful. But the personality sometimes

Speaker:

Well, let me ask you this then, Adam. So let's just

Speaker:

say, you know, you're obviously, you're living the life right now, you're traveling the world, doing what you want

Speaker:

to do, you're under freedom. Do you, in the back of your mind, have

Speaker:

some sort of an idea like, you know what, maybe I will

Speaker:

end up in Australia, you know, when I'm 70 or something? Is

Speaker:

No, no. This is why I still have

Speaker:

started speaking up about my views on where Australia is

Speaker:

going on my socials, right? Like I got three and a half million views just on

Speaker:

my Instagram in the last 30 days. With

Speaker:

no ads or anything, just me posting. Which is incredible. Yeah, totally

Speaker:

organic. And I'm posting this content because I

Speaker:

still love Australia. I think all Australians who

Speaker:

were born in Australia, I don't care what nationality you are before

Speaker:

that, but if you're born in Australia, Australia gets in

Speaker:

your blood. My family immigrated on

Speaker:

the boats after World War II. You

Speaker:

know, I love Australia in so many ways and that's why I want to

Speaker:

see it protected and I want Australia to feel like Australia, you

Speaker:

know, still. And so in my

Speaker:

head I have a vague plan that in 10 years I might

Speaker:

settle back down in Australia, but this 10 years I will compound

Speaker:

my wealth aggressively and grow my wealth substantially

Speaker:

to the point where when I do come back, Even if property

Speaker:

has doubled from here, it's not going to make

Speaker:

any difference. My investments

Speaker:

Hey guys, just quickly, this episode is brought to you by CoinStash,

Speaker:

the Australian exchange I personally use to invest my

Speaker:

SMSF into Bitcoin and crypto. Now, CoinStash is

Speaker:

Australia's leading SMSF crypto exchange built for investors

Speaker:

just like you. What really sets them apart? is their service

Speaker:

and expertise. If you're looking to invest in crypto through your SMSF,

Speaker:

they make it simple. Just book a free call with their local team and

Speaker:

they'll walk you through the entire process. From setting up your crypto SMSF

Speaker:

account to helping you stay compliant with Australian regulations, their

Speaker:

experts guide you every step of the way. You'll get fast onboarding,

Speaker:

dedicated support wherever you need it. You might be investing in

Speaker:

digital assets, but with CoinStash, you're dealing with real

Speaker:

people and that makes all the difference. So if you're ready to take

Speaker:

control of your crypto super and make your SMSF crypto journey

Speaker:

smooth sailing, hit the link in the show notes and book a free call

Speaker:

with the CoinStash team today. Now, back to

Speaker:

the episode. Can I even go as far as to say, Adam, that you're

Speaker:

probably looking at a 10 digit sum?

Speaker:

Yeah. Yeah, no, definitely. In 10 years, I'll absolutely be

Speaker:

a centi-millionaire for sure. And so

Speaker:

when I come back in that time though, and I'm 60, At

Speaker:

that point, yeah, I don't care what the property... I could see myself

Speaker:

buying a place for $20 million for a two-bedroom apartment on Sydney Harbour

Speaker:

and happily pay it. It wouldn't even matter. It wouldn't even matter because that's probably

Speaker:

what I would do, is buy something that's maybe

Speaker:

$10 million today and buy $20 million. But at that point in my life, for me, it

Speaker:

won't matter. And people might say, well, that's a stupid

Speaker:

amount of money to send the house. Well, I'll be dead 20 years later. So just buy what you

Speaker:

want. Buy what makes you happy. And I want to wake up in the morning with

Speaker:

my cup of tea and my fucking biscuits and look at Sydney Harbour Bridge

Speaker:

and watch the ferries go under and go have some nice meals. Beautiful views.

Speaker:

Yeah, go and enjoy the Aussie beaches and all that stuff, and

Speaker:

spend the last years of my life there. But I still don't think I would be there

Speaker:

year round. I would basically, I think, spend three

Speaker:

to six months a year there, even when I am a tax resident again. But the key is, at

Speaker:

that point in time, I'll have compounded my wealth to

Speaker:

a point where I can do whatever, wherever.

Speaker:

And I think a lot of people just struggle to imagine, and this isn't

Speaker:

criticism, they don't know what it's like to have money. And

Speaker:

that's why they go, why would you leave Australia? Why don't you stay and be loyal? Listen,

Speaker:

fuckwit, if you have tens of millions of dollars and

Speaker:

the government's fucking you at every turn, of course rich

Speaker:

people are going to leave because they can easily jump on a good quality business

Speaker:

class flight, eat some nice food, and 12 hours later be in a tax jurisdiction that

Speaker:

wants them. where they're safe, where if you want to fuck around and

Speaker:

find out with the Dubai government about what happens if you chop someone's arm off,

Speaker:

well, good luck with that. Let's see how that works out for you. You want to go and march down

Speaker:

the main road in Dubai there, You

Speaker:

know, burning their flag and chanting

Speaker:

anti-Muslim slogans. Good luck with that. You know, let's see how

Speaker:

you go. I was laughing and just couldn't believe it when I

Speaker:

saw on the Sydney Harbour Bridge, LGBTQ people for

Speaker:

Palestine. I'm like, that is like watching a chicken march in

Speaker:

a pro-KFC protest. Like, they'll literally

Speaker:

throw you off that bridge. Yeah, they're completely oblivious

Speaker:

to it though. And I just don't get it. And I'm like, when

Speaker:

will Australians start standing up? So all I'm saying is,

Speaker:

people with money, when they have money,

Speaker:

they have choice. And Australia needs to realize that

Speaker:

being hot is not enough to sustain a long-term relationship

Speaker:

with quality people. Quality people need a

Speaker:

Yeah. I love that, though, because it's something that I don't think is actually spoken about enough

Speaker:

about moving out to compound your

Speaker:

wealth, right? Out of a high-tax jurisdiction to

Speaker:

a low or no-tax jurisdiction, compound it,

Speaker:

and then you're kind of free to go at any country, regardless of the tax system, because

Speaker:

Well look, I did the math, one of my income sources is, you

Speaker:

know about it, I'm compounding money at 12% a month.

Speaker:

And it's been doing that for two years, right? And I

Speaker:

sat down and I showed Australian, a couple of Australians, I said, let me

Speaker:

show you the difference between me compounding at 12% a month and you

Speaker:

doing the exact same investment in Australia at

Speaker:

a tax rate of 37%, right? And the difference after

Speaker:

five years was 78% difference in

Speaker:

our position. So literally, I could do 80% less

Speaker:

well and still match you just simply by where I

Speaker:

wake up in the morning. That's the only difference. It's

Speaker:

absolutely. I'm four times further down the road than

Speaker:

you for doing nothing else than

Speaker:

just choosing a different tax jurisdiction. If you look at somewhere like

Speaker:

Panama, for example, they have a territorial tax system. And essentially what

Speaker:

that means is they're only interested in taxing you on things that on

Speaker:

income that's generated inside of Panama or profits that

Speaker:

are generated from buying and selling physical assets inside of Panama, like

Speaker:

buying and selling a business that's in Panama, buying and selling a property that's in

Speaker:

Panama, but if you are generating your capital gains

Speaker:

and profits and things outside of Panama, then there's no tax

Speaker:

on those things at all. And then you look at how long do you need to live

Speaker:

in that jurisdiction to qualify for tax residency there.

Speaker:

So Panama is a really interesting place to some South American countries,

Speaker:

given that you don't have to live there permanently, you know,

Speaker:

like 12 months of the year to qualify and so on. So this is where it

Speaker:

gets really into the detail. But there are jurisdictions like

Speaker:

where I'm going to Panama in February and the mayor of Panama is meeting us

Speaker:

to welcome us there. And we're going to try and get him on video because

Speaker:

these places actually want wealthy people to come, people

Speaker:

who own Bitcoin, people who have resources and are going to