Rob discusses the importance of diversifying residency and building a global safety net. Drawing from his personal experience of obtaining temporary residency in Mexico, he emphasises the need to have a backup plan in case of unforeseen events or challenges in one's home country, and explores various ways to obtain secondary residencies or passports, such as through financial means, marriage, or ancestry. 

KEY TAKEAWAYS

• Diversifying residency and obtaining a secondary passport is crucial for building a global safety net. It is important to have a plan B in case something goes wrong in your home country.
• There are multiple ways to obtain a secondary residency or passport, such as through financial means, marriage, changing religion, or ancestry.
• Having a secondary residency or passport provides flexibility and options for yourself, your family, and your business.
• It is important to not put all your eggs in one basket and to explore the possibility of obtaining a secondary residency or passport.

BEST MOMENTS

"Having a Mexican residency, or temporary residency, I should say, having that now is crucial." 

"What if something were to happen in the UK? Going back to our geography, we're in the middle of some global superpowers." 

"I hate being taxed. I absolutely despise being taxed. You probably do too. Why? Because at the same time, we're in a situation where we've got tax, tax, tax, tax, tax."

"It's crucial to have plan B. If you've got it for business, you need it for life." VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast