This is a discovery that I came across while hanging out with other expats here in Mexico where I am as I record this. But few people in the USA or other western countries seem to understand this opportunity. So let’s talk about it.
This is the 2nd episode in an update on what it's like to build a dream home in Mexico and my experiences so far.
If you have been listening to me for any length of time, you know that I’m currently developing a large property in central Mexico. Well in this episode I’ll do an update on where I’m at, what I’ve learned so far in the process and the trials & tribulations of doing what most people would fear to do, but to keep an eye on the epic results you can achieve if you are careful.
After selling our rental real estate, we were left with few forms of smart income. I began searching for alternatives. I realized that for the next few years, much of my time would be spent outside of the USA, so I needed something that didn’t require me to be physically present to manage them, but paid me a tidy sum each month. This led me to dividend stocks, and so far I am very happy with the results.
In 2008, at the height of the global financial crisis in the US, I was heavily exposed to real estate debt due to some deals that had been done in the prior year, and ran the risk of being entirely wiped out. If it wasn’t for having assets in another country and sold them to fund the underwater position I found myself in, I would never have survived it. In this episode, I want to fast forward to 2023 and explain why you MUST have an international diversification strategy for your assets if you wish to mitigate the risk of an adverse event in your country.
Central planners are at it again. The fear of a ‘housing crisis’ has empowered government to create government housing by proxy. By using building regulations as a weapon, AZ government has created a trajectory towards 1970s style ghetto housing reminiscent of the low income apartments of Brooklyn. This model seems to be a reflection of the California model, which didn’t work either. Is this what we want in America and how is this happening?
It is now the third quarter of 2023, and already the media are gearing up to distract you, extort your attention and pumble your brain with more FUD, and anxiety than ever before. This is all in the lead up to the US 2024 Presidential Election. Regardless of the barrage of lies and distorted facts you will be subjected to, in this episode I want to give you a set of tricks you can use to hack the media and keep your sanity through these trying times.
You work hard, you earn money, but you are broke. Why? In this episode I’m going to put out there a theory in the western world why people are broke, and it isn’t the reasons the media and society will tell you. It is not rampant inflation. It is not that you are not paid enough. It is actually far simpler – it is about the decisions you make, and the fight to control your mind.
What happens with capitalism when AI takes over the economy? I’ve been giving this some thought, but to be honest I don’t have a conclusion yet. I cannot see an upside to this, and despite all the WOW factor that AI seems to have in the social construct, I don’t think anyone has really thought through the impact on capitalism & economics yet. Let’s give it a shot in this episode…
I just was reading the recent paper produced by the WEF entitled ‘Pathways to the regulation of crypto-assets – a Global Approach’ and it is frightening. Those that frequent Davos each year seem are throwing more and more resources in crafting a future for all of us, and it is a future that no-one other than the ruling elite would want.
In this third and last part of my series on what's on my investment radar, we are going to talk about energy and what I’m doing in terms of investment strategy regarding it for the next 3, 5 and 10 years.
In this 2nd part of a 3 part series, I'm unveiling my investment strategy regarding AI. No, not my philosophical position, but my investing position. Yes, there is a difference. Enjoy.
If you are looking for financial advice, that’s not what I do. But I do share with people what I’m doing from a holistic position on my own investments, and this episode will cover some major strategic shifts I’m doing in light of new technologies and changing macro dynamics. So settle back and relax and I’ll share what I’m looking down the barrel at.
I was having lunch with my accountant and the subject of how different life felt outside the USA than within came up. I told him that after I had returned from a few weeks in Mexico, I found that I wasn’t getting anywhere near as much productive work done in the USA. And the one reason – distractions.
The temptation when a podcast gets to 200 episodes is to celebrate how we got this far. But when I did that, I realized that my success with this podcast came because of those who came before me, had faith in my work and befriended me. Gary Collins was one such person, and with his passing last year, I was shocked to see how his work was being lost to Internet fade. So in this episode, I'm joined by my friend Remso Martinez, who also was a good friend of Gary, and we look back at the message of The Simple Life and how it touched and affected all of us.
I was recently interviewed on another podcast in which the subject of why they thought Bitcoin was a poor store of value. I argued that Bitcoin is a perfect store of value – the question really comes down to what you are actually valuing it in. Where most of us choose our local currency as the basis of value and our wealth, I’m here to tell you that this is why most of society is dead broke. Let’s discuss.
Once in a while, you bump into someone that is doing something unusual and creative and seems to understand the concept of Smart Income, as we teach it. Today I’m going to introduce you to one such person - Josh Lawlor, founder of The Film Shoot Rental Roadmap, and he’s going to explain how you can make big bucks by renting out access to your home or other real estate for film and video shoots.
While your attention was being distracted towards the war in Ukraine, Debt ceiling negotiations, and even inflationary challenges, the central planners have been at work crafting the ultimate set of handcuffs the world has ever seen – FedNow. And in July 2023, this weaponized freedom grabber will go into full effect. In this episode, we will look at this new tool, how it works and why you should run away from it.
Sometimes I get people asking me, “Myles, why is it that you left Australia where the government provide free healthcare, education, and a social security for the US where you have to work for it all, pay 12x more? And then you take that to the next level and are building in Mexico where the government provide almost nothing?”. There’s a simple answer to this. If you live on the principle that you will be 100% responsible for you and your family, then you can choose where and how you want to live. But for those that have just given up on personal responsibility on the premise that their government will take care of you, this is your wake up call. Because they WON’T!
In this episode, I continue on the previous summation of income lost and costs overspent for those that are literally ‘Leaving money on the table’. This is the 2nd of a 2 part series, and this one has a ton of things you should be considering in order to fight inflation and live an unconstrained life
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