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
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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