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That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs - TRL 145: Ultimate Guide to Finances & Reducing Taxes for Digital Nomads with Vincenzo Villamena
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TRL 145: Ultimate Guide to Finances & Reducing Taxes for Digital Nomads with Vincenzo Villamena

04/26/22 • 36 min

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That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs

💬 Topics Discussed:

  • What made Vincenzo trade his high-paying corporate job for the digital nomad lifestyle?
  • How things have changed in the nomad scene since the global economic crisis of ‘08?
  • Why Vincenzo refers to himself as a “financial therapist”
  • What parts of the world are great spots for finding new, high-quality team members
  • Are the Balkans a secret hotspot for financial experts?
  • What are some resources you can use to learn the basics of taxes and tax systems?
  • How can you optimize your taxes as a digital nomad?
  • Defining the terms bona fide residency and foreign income exclusion
  • The difference between an LLC and an S-Corp
  • At what level of income should you look into establishing offshore businesses?
  • What countries are great locations for setting up a business?
  • What is the future of taxes based on the growth of remote work and location independence?
  • What is "permanent establishment" and how can it help you
  • The increasing popularity of outsourcing and contractors with companies
  • The appeal of the US for international digital nomads

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Subscribe to the YouTube Channel 🎬

🎒 Resources:

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bookmark

💬 Topics Discussed:

  • What made Vincenzo trade his high-paying corporate job for the digital nomad lifestyle?
  • How things have changed in the nomad scene since the global economic crisis of ‘08?
  • Why Vincenzo refers to himself as a “financial therapist”
  • What parts of the world are great spots for finding new, high-quality team members
  • Are the Balkans a secret hotspot for financial experts?
  • What are some resources you can use to learn the basics of taxes and tax systems?
  • How can you optimize your taxes as a digital nomad?
  • Defining the terms bona fide residency and foreign income exclusion
  • The difference between an LLC and an S-Corp
  • At what level of income should you look into establishing offshore businesses?
  • What countries are great locations for setting up a business?
  • What is the future of taxes based on the growth of remote work and location independence?
  • What is "permanent establishment" and how can it help you
  • The increasing popularity of outsourcing and contractors with companies
  • The appeal of the US for international digital nomads

Leave a Review ⭐️⭐️⭐️⭐️⭐️
Subscribe to the YouTube Channel 🎬

🎒 Resources:

Previous Episode

undefined - TRL 144: Why Your Work Shouldn't be Central to Your Life with Paul Millerd

TRL 144: Why Your Work Shouldn't be Central to Your Life with Paul Millerd

💬 Topics Discussed:

  • What is the Pathless Path and how did it come about?
  • The evolution of our conception of work and the 9 to 5
  • The conflicts of the digital nomad life
  • Unlocking your potential by carving out your own life path
  • How the internet accelerated the popularity and growth of the nomad movement
  • The importance of “anchors” in the life of digital nomads
  • The concept of meaningful work
  • Defining what drives and motivates you
  • The challenges of turning your passion into your profession
  • How do you deal with the uncertainties of not being on a more defined life path?
  • Should you have a fallback plan?
  • Can working in the corporate world help you in your future nomad life?
  • The growing significance of personal brands and proof of work
  • Will flexibility and adaptability play an even bigger role in the future of work?
  • Building the ideal work environment around your life
  • Being ready to “pay the cost” for certain amenities as a digital nomad
  • Is there a way to make the unconventional path more accessible and less difficult?
  • The future of work
  • What does Paul’s life look like day-to-day?

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Subscribe to the YouTube Channel 🎬

🎒 Resources:

Next Episode

undefined - TRL 146: Becoming a Digital Nomad Through Local Businesses & a Guide to Franchises with Neel Parekh

TRL 146: Becoming a Digital Nomad Through Local Businesses & a Guide to Franchises with Neel Parekh

💬 Topics Discussed:

  • How the COVID-19 pandemic affected MaidThis and its operations
  • Why Neel decided to franchise MaidThis
  • The upside of being tech-savvy in an old school industry
  • What is a Remote Local Business
  • What kind of industries could benefit from the MaidThis business model?
  • What are the benefits of franchising?
  • How much is the buy-in for MaidThis and what do you get from it?
  • What kind of cities are ideal for a Remote Local Business?
  • What kind of person would be the ideal franchisee for MaidThis?
  • How tech-heavy is running a MaidThis franchise
  • Can you take a loan out for MaidThis?
  • How the perception of debt and loans has changed over the years
  • Taking on debt to buy liabilities VS Taking on debt to buy assets
  • What are some of the pain points of the Remote Local Business model?
  • How high are the margins and how much staff do you need for $1 million in revenue through a MaidThis franchise?
  • Does a franchisee get to use Neel’s support structure or does he have to build one on his own?
  • The power of personal brands and micro-personal brands
  • The Four Types of Luck
  • Did Neel’s private equity background help him out in his business journey?

Leave a Review ⭐️⭐️⭐️⭐️⭐️
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🎒 Resources:

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