
TRL 145: Ultimate Guide to Finances & Reducing Taxes for Digital Nomads with Vincenzo Villamena
04/26/22 • 36 min
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💬 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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🎒 Resources:
💬 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

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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🎒 Resources:
Next Episode

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?
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🎒 Resources:
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