You Don’t Know Until You Go!
The Q Wealth Report
19 November, 2008
When I talk about Â“concerned individualsÂ” what I really mean is that if and when things get worse in the western world Â– in terms of financial and political restrictions - itÂ’s important to be prepared. An established business or residence presence in one of the more remote corners of the world will be a great fallback or hedging position. Even a second passport or citizenship might be your ultimate goal.
You might be surprised to learn that Paraguay scores highly on all this Â– a free society, no personal income taxes and an economy that is completely self sufficient with plenty of fresh water and clean, green power. In fact Paraguay is the worldÂ’s largest exporter of hydro electricity, and one of the highlights of the trip was a visit to the Itaipu Binacional hydro-electric power plant Â– the largest in the world, and an incredible feat of engineering and international co-operation. We also visited the spectacular Iguassu Falls, one of the seven wonders of the natural world.
But the most important thing I think we all learned from this trip was the importance, even in this internet age, of actually getting on a plane and seeing things for yourself. We all know the comfort of familiar places and people, but that often also comes with a feeling of frustration, a feeling that we are not in full control of our lives as we should be. On the other side, we all have a natural fear of the unknown. This internal fear is perpetuated by the mainstream media. But by confronting and overcoming it we can open up a whole new world of opportunities.
For example, one of our delegates, a successful UK businessman, said TV and press coverage had led him to believe he would find machete-wielding individuals a mile or two from the financial district of Panama City. But by going there and getting a feel for the place by visiting local and expat-owned internet businesses, he found instead that itÂ’s a great place to do business. Now he is making plans to move his operating base down there instead.
Here at The Q Wealth Report our business for over a decade has been writing about not just how to preserve your assets offshore, but how to create wealth and develop opportunity by actually living offshore. As a famous offshore author once said, Â“You donÂ’t know until you go.Â” The instability in the world right now means that you truly need to know about safe places and new opportunities. Right now would be the time to start, and here on lowtax.net you will find a lot of information to begin your quest.
Peter Macfarlane is joint editor of The Q Wealth Report an established newsletter dedicated to informing readers about creating, protecting and growing wealth in a secure offshore environment. It also covers international living, banking, retiring and investing. Visit www.QWealthReport.com to see more.
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