Here’s where I am currently on my five flags plan to move out of the USA in 2021.
A while back I had discussions with some of my advisors (coaches, consultants, and attorneys). There was a consensus that I was being way too public regarding my specific plans about where I was seeking residency, where I was seeking passports, where I was planning on moving, and various other aspects of my five flags plan. The concern was if I kept blabbing about my plan, some of this public information could actually hinder my progress.
So, after much discussion and thought, I very reluctantly agreed that I would stop giving quite as much specific detail involving what I’m doing. It really bothers me that I have to do this. As longtime readers know, I like to be an open book to my audience as much as humanly possible. For the same reasons I explain in detail here, I need to be a little careful about what I tell the entire world concerning my five flags plans for legal and governmental reasons.
That doesn’t mean I can’t tell you anything. I’m still going to talk about it as much as I can. Some things I can be specific about, other things I can’t talk about at all publicly, and some other things I can tell you but only after I actually do them. Most of the things in that third category will be done by mid-to-late 2021, so it’s not like you’ll have forever to wait.
So, with that out of the way, here’s what’s going on.
Based on several discussions with experts in this area, including my friend Andrew Henderson of Nomad Capitalist, I have changed several major aspects of what I was planning last year. To recap, here was my old plan:
- Move out of the USA in 2021.
- Spend around four months a year in the USA, around six months a year in my new Country A, and the remaining months traveling abroad.
- Designate New Zealand as my home base and Country A.
- Seek residency and hopefully citizenship in Panama, Paraguay, and Italy.
- Get a farm in Paraguay.
- Offshore my businesses structures to countries in Eastern Europe and Asia.
Several of these things have radically changed while some are the same. Here is as much as I can tell you regarding these changes.
Move out of the USA in 2021
Status: Unchanged and locked-in.
This is still the case, and at this point is pretty much locked-in, in that I couldn’t change this if I wanted to (without incurring massive expense and disruption). As of January 1st, 2021, I’m outta here! “Outta here” means I will only spend a few months a year inside the USA, not that I will leave it completely. Pink Firefly and I will be spending winters in Scottsdale, Arizona. Outside of that, I won’t be in the USA at all. This year, 2020, is my last full year in the United States, perhaps forever. (Not that it will be a huge change, since I already spend several months a year traveling abroad. I was in almost 20 different countries in 2019 alone.)
Spend around four months a year in the USA, around six months a year in my new Country A, and the remaining months traveling abroad.
Status: More less the same with a few changes.
Instead of spending four months a year in the USA, I will actually be spending less time than that. Specifically, less than 100 days per year, which is around 3.3 months. This is a requirement for tax reasons that I can’t get into. This change was a little jarring since I was planning on “weaning” myself off of the USA, mostly to help Pink Firefly adjust a little easier, but four months was too long. Not a big deal.
Designate New Zealand as my home base and Country A.
Status: Completely changed.
There was nothing inherently wrong with living in New Zealand, but my research found another country that is far better for my needs, far more exciting, much easier to travel to, a far better location for traveling to other countries, and much less risky for possibly incurring tax problems. Unfortunately, I can’t tell you where this country is yet. Once I’m there and settled, it will be pretty obvious, but for the time being I need to keep this to myself. If you want a hint, I’ll be moving to a city that is in my top five favorite cities in the entire world (no, it’s not Hong Kong). I am really, really excited.
As of January 1st, 2021, I will be living in this country for at least five months out of the year, likely six or seven. I’ll talk more about this when I can.
Seek residency and passports for Panama, Paraguay, and Italy.
Status: Somewhat modified.
Here’s the breakdown.
Panama: I am still pursuing residency there, which is more or less guaranteed. I am also hopefully getting their passport a few years down the road, of which my odds of success are around 60%.
Paraguay: I am still pursuing residency there, which is more or less guaranteed. I will not be getting a passport there due to various laws that have changed there recently. It’s distantly likely that a passport might be an option many, many years down the road but I’m not planning on it.
Italy: I am pursuing ancestral citizenship there (a passport), but it’s complicated because of the Italians in my family tree. Odds of success are around 30%, but the good news is that if it works, I’ll have a passport in my hands in about 12-18 months, making that the first of my new passports.
I am also now pursuing two more passports in two additional countries that I can’t disclose at this time. These two countries require me to invest in certain assets in their country, and then I’m almost guaranteed a passport within three years from both of these countries. Moreover, one of these two countries are where I was going to invest anyway, so this works out perfectly. Even if, by some bizarre chance I don’t get these passports, my investments will produce a very nice return, making this a no-lose scenario for me.
At the moment I’m pursuing four different passports outside of my current American one. Odds of success for each one is 60%, 30%, 95%, and 95% respectively, so I should be able to get at least two out of the four, which is my objective (two passports in addition to my American passport for a total of three).
Get a farm in Paraguay.
Status: Completely changed.
Alas, the capital I was going to use to purchase my Paraguay farm needed to be redirected to the investments in the two countries I described above, which is what I am now doing. I still want a farm in South America which has always been a part of my long-term plan, so I haven’t canceled this; I’ve just deferred it back to its original spot in my plan. Whether or not that farm will be in Paraguay or some other Latin country, I’m not sure. I still really want it to be Paraguay since I have fallen completely in love with Paraguay and now consider that country as one of my core flags. It has officially become my “retreat and relax” country.
Offshore my businesses structures to countries in Eastern Europe and/or Asia.
Status: More or less unchanged.
I have now determined exactly where my business entities will be (there will be more than one) and exactly how they will be structured. I can’t tell you what I’m doing here and probably will never be able to discuss this publicly. Join the SMIC Program or the Alpha Male 2.0 Focus Program; I can talk about this stuff with the guys in these programs and I have. I just can’t discuss this with the open public. The bottom line is that once these structures are complete, and they will be by the end of this summer, I will actually save more money in taxes than I was originally planning (FUCK YES!) and they will offer a huge amount of asset protection. Win, win!
I will continue to update all of you on my progress and reveal as much as I can. I’ve just started my last full year in the Collapsing USA, so I’m finally headed into the home stretch! It’s the culmination of a plan I started working on eight years ago and started thinking about 17 years ago. Needless to say, I’m excited as hell.
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