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Telling the stories of startup founders and creators and their unique journey. Each episode features actionable tips, practical advice and inspirational insight.
Greg Moran (00:01.214)
Welcome back to Founders Journey podcast. This is going to be a super fun one today, Peter, with our guest here who we'll introduce in one second. But good to be back. Good to have you back.
Peter Dean (00:16.522)
Yeah, thanks. I'm really excited because, uh, we, we actually, one of our guests is a nomadic entrepreneur and he shared some of what he's doing and he's always in new places and we're always jealous. Thank you. Yeah.
Greg Moran (00:30.142)
That's right. That's right. Well, Bobby's. So that was Max Walker, you're talking about. This is good. This is Bobby Casey, who's our who's our guest today that's actually going to talk to us about how to do that, why that's important. So, Bobby Casey is our guest, managing partner of global wealth protection. So he helps companies or clients around the world really internationalize our assets take advantage of unique investment opportunities, a lifelong entrepreneur, investor, student, he's, and he's a big believer as you
Bobby (00:30.404)
Thank you.
Greg Moran (00:58.586)
are going to hear today around privacy and freedom and things like that. So this is going to be a really interesting podcast today with, I've known Bobby for going back a couple of decades now. We were trying to think about it before we started recording. So Bobby Casey, welcome. Welcome to the podcast.
Bobby (01:15.148)
All right, Greg, Peter, thanks for having me. Glad to be here.
Greg Moran (01:18.302)
Yeah, yeah. Well, this is this is going to be fun. So today you're actually coming from North Carolina. But I mean, at any given day, I've been no Bobby for a while. I follow Bobby's newsletter, which we'll plug at the end. If you aren't following it, you really should be following him on social media and stuff like that as well. And and it's he has lived all over the world, routinely lives all over the world. And we're talking about nomadic entrepreneurship today.
There's no better example than Bobby of this. So Bobby, let's get it started like this. I mean, what really got you started down this path of, you know, we're calling it nomadic entrepreneurship, but it's way more than that. So I mean, what really got you down this path of like, really kind of this sort of freedom mindset for entrepreneurs?
Bobby (01:48.052)
Hmm.
Bobby (02:12.74)
Um, well, freedom mindset, I mean, I would, I would have to say that was like since childhood, you know, like I, I despised from the earliest ages of my childhood, I despised any type of restrictions, any type of authority figures. Like I just don't basically don't tell me what to do, you know.
And as a child, like super rebellious as a kid, as I'm sure my parents and siblings would probably attest to, but just despised, just absolutely despised any type of authority. And, you know, as you get older, you just kind of, like, you kind of, I went down that path even deeper and deeper. And I mean,
You know the term confirmation bias, right? So deeply, I felt passionate about freedom and liberty and all those things. And so confirmation bias can work in the negative sense and the positive sense. So I look for ways to confirm my bias of liberty, right? I'm constantly looking for validation on liberty, like why I should not care about.
Greg Moran (03:12.374)
Yeah, sure.
Greg Moran (03:28.031)
Yep.
Bobby (03:37.256)
central authority and that sort of thing. So just, you know, like I was raised in an entrepreneurial family. My grandpa with an uncle used to own a chain of restaurants. So very entrepreneurial. My dad owned a construction and property development business, very entrepreneurial. And my dad was also an accountant by trade. He was not a CPA, but just like bookkeeper accountant by trade.
And then he was the CFO of a construction company when I was a small and a partner. And I was a small kid. He sold out and started his own company, his own construction company. And as a kid, I remember literally like 12 years old sitting around the dinner table, talking about like company structure and tax planning. And my dad's kind of like, you know, fuck these taxes and this is stupid. Don't, you know, like I remember as a kid, like hearing this and that stuff kind of burns in your brain, right?
Greg Moran (04:30.952)
I'm sorry.
Greg Moran (04:36.554)
Yeah.
Bobby (04:36.636)
And my dad's like, you know, if I only had more money and I could hire more people or I could grow the business and that sort of thing. And it's stuck in my head. But I knew how to file tax returns when I was like 16. You know, I started trading stocks when I was 14. Because for me, having my own revenue streams, my own source of income was so critical to
my freedom, my independence. And I just had a call with a client before we got on here and we were talking about kids and stuff. And she asked me a little bit about my background and that I remember when I was 18 or when I was like 17 a month before my 18th birthday, I was already shopping for apartments. I was waiting like the day after I turned 18, I was already out looking at apartments. Like I was ready to go the moment I turned 18.
You know, and my daughter, my oldest daughter, she did the exact same thing. We're living in Europe and the day she turned 18, she was like, Dad, I'm moving out. I'm like, cool. When next week? Cool. Where are you moving to? London. I'm like, awesome. You know, like the same, it's the same mindset. Like I just don't, don't restrict me. I can't stand it. And, um, I sold a company, uh, back in 2000. I.
Greg Moran (05:40.118)
Thank you.
Greg Moran (05:46.088)
Yeah.
Bobby (05:58.212)
you know, time fades, right? So 2007 or 2008 or something like that, I sold a company and it was, I had an office with a bunch of employees, but even then, it was to the point, like I had an office in my house and I traveled a lot for work and it was even a joke in my office. I had like 20 employees in my office and it was a joke that if I showed up to work, my receptionist would be like, hi, how can I help you? Who are you here to see today? And I'm like,
Greg Moran (06:24.31)
Hahaha!
Peter Dean (06:25.178)
Hahaha
Bobby (06:27.484)
Like, you know, why are you fucking with me? Yeah, I own the building, Jessica. I own the building, Jessica, you know, like, and it was, you know, I just, my dad would call me up. My dad for a little while was my CFO. My dad called me up, hey, you gonna work today? I'm like, dad, I've been working since six, okay? I just don't come to the office. And then just kind of the international thing became kind of an extension of that. I wanted...
Greg Moran (06:28.507)
Funny every time man.
Peter Dean (06:31.233)
Hahaha!
Greg Moran (06:33.678)
I'm sorry.
Bobby (06:57.336)
Instead of, like, I just kind of expanded my freedom base, let's say. I wanted the ability to be free and live and work and transact and, you know, do business all over the world. And around 2009, I just, I moved to Eastern Europe on a whim, never moved to Estonia, never even visited Estonia. We just moved on a whim.
Peter Dean (07:02.743)
Mm-hmm.
Bobby (07:23.216)
And people are like, Oh my God, I can't believe you did that. Why would you do that? You're ruining your kids lives. You're ruining their education. You know, your kids are going to hate you and stuff like that. Um, and you know, I, even today, I hear it all the time. I talk to people, speak at conferences and stuff like that. And people are like, man, you've got a really cool lifestyle. I wish I could live your life, but I just can't. I've got kids. And I'm like, well.
You can take that two ways. You can say, I can't do it because I have kids or I need to do it because I have kids. For me, it was, I want my kids to have that international experience. I want them to have exposure to other languages, other cultures, other people, travel. To me, travel and visiting the world and just getting out of your comfort zone is the, I mean, it's the biggest education.
Peter Dean (07:55.04)
Hmm
Greg Moran (07:56.17)
That's right.
Bobby (08:14.98)
you can ever have. You'll learn more in a year worth of backpacking around Europe than you will in 12 years of university. Like, crazy.
Greg Moran (08:22.098)
Yeah, no question, no question. So you go down this path, right, Bob? I mean, you kind of, and I remember, you know, when you made that transition and you go down that, you go down this path, you move your family over to Estonia and then, excuse me, that really becomes the impetus for what you started to build at Global Wealth Protection, right? I mean, that kind of, it was the lifestyle move that came first, then the business came.
after that as an extension almost of the lifestyle. Am I sort of saying that correctly?
Bobby (08:55.56)
The business existed in 2001. So I had like four companies at the time. I had my installation company, owned a restaurant, I had a real estate development company, and then I started doing the asset protection consulting for clients. And so global health protection started as more just about asset protection and privacy.
Peter Dean (09:14.743)
Mm-hmm.
Bobby (09:20.42)
And then like every other business, right, we evolve, we add products, features, functions, services. We kind of, you go down the path of what your clients want and the clients you like, right? And I had, so I'd started doing that around 2001. Yeah. Around 2001, I had a bunch of different businesses or a few, a couple of different businesses, let's say.
And I was starting to accumulate some assets and that sort of thing. And I started getting a little nervous or concerned for myself. What if I get sued? What if this happens? So maybe I should do something. So I actually went out and hired somebody like me to help me kind of put, put the pieces together and develop an asset protection strategy for myself. And we got to be really good friends. The guy's name is Bob lives out in California. And.
Bob and I got to be really good friends and he's a bit older than me, probably 20, even more, maybe 25 years older than me. And I really enjoyed that process of working with him. And basically, all of my clients or all my friends were entrepreneurs. I didn't have friends with jobs. Like I just, I didn't, I mean, not like if I had friends with jobs, they were like,
You know, like traveling salespeople or something like that. They were not eight to five kind of people. I just didn't have eight to five friends because, you know, Hey, you get, Hey, Greg, do you want to go ride motorcycles on Thursday afternoon? You know, eight to five or just can't go ride motorcycles on Thursday afternoon. Right. Or how about let's go this, let's, let's jump on a plane and go skiing in Colorado. What's are you free tomorrow morning? Like eight to five or just can't.
Peter Dean (10:50.412)
Mm-hmm.
Greg Moran (11:02.303)
Yeah.
Greg Moran (11:11.029)
Yep.
Bobby (11:12.5)
can't do stuff like that. So all my friends were entrepreneurs. And I went to Bob, let's call him my mentor at this point. I went to Bob and said, hey, I got a bunch of friends that are entrepreneurs. How about we go to them and I'll help develop their strategy and you can kind of back me up. And that's kind of how global wealth protection started. But to your point, the international thing kind of started really when I started traveling pretty heavily.
in the mid 2000s, which led me to moving abroad in 2009. So that was kind of where that international focus of global wealth protection kind of evolved from.
Greg Moran (11:52.21)
Yeah.
So I want to take this into the why, because I mean, the thing that comes through following Bobby, knowing his writing and stuff, I mean, you can agree or disagree, and there are going to be a lot of people who are going to listen to this podcast, who are going to be like, what in the hell is this guy, right? But it's an incredible, there's an incredible line of thinking behind this, whether you agree or disagree. So I want to start to go down that a little bit. You write a lot about the limitations
Bobby (12:05.2)
Mostly disagree. Yeah. Ha ha ha.
Greg Moran (12:24.99)
that are put on entrepreneurs by governments, right? Whether that's US or other countries, can you talk about that a little bit and why that is such a topic that one is so important for founders to understand, but it's also something that you're so passionate about. Beyond the fact that we know you're definitively not a world follower, but beside that part. Right?
Bobby (12:46.792)
Fair, fair, yeah. That's a very valid point. Yeah, I am hardcore and not a rule follower. So it's funny, just a little bit of a sidebar. I had this conversation with my 16 year old son, literally yesterday. And he, again, I know this is a weird sidebar, but he recently broke up with his girlfriend. And one of the reasons he broke up with his girlfriend was because she's a rule follower.
Peter Dean (12:48.482)
Hahaha
Greg Moran (12:50.922)
Hahaha!
Greg Moran (12:54.718)
Hahahaha
Bobby (13:16.148)
She is the mind, she is the, I wanna get straight A's in high school so that I get into the good college, so that I get the good corporate job that I can work my way up the ladder in my 20s and have that corporate life. And they broke up because he's like, yeah, I can't deal with that. And in a moment, I'm like.
Greg Moran (13:37.546)
Have you, at some point you know that during, you know Bobby, at some point during that conversation when the two of them broke up, it came up like, have you ever met my father? Right? Yeah.
Bobby (13:46.948)
Yeah, she knows me. She knows me. I've met her 20 times. But you know, like the whole thing, I'm thinking, you broke up with your girlfriend because she's a rule follower. I mean, that was kind of the essence of it, that he also has this strong urge for freedom. Obviously, a lot of that is my influence, but it's, you know, it's his own thing, too. He's his own person. But a lot of it is my influence. And I'm and he tells me like.
Peter Dean (13:47.402)
Yeah
Greg Moran (13:50.634)
Yeah.
Bobby (14:15.188)
He's a pretty good student. He's not like a straight AP classes kind of student. He's a pretty good student. And I'm more like, what are you doing after, you're gonna go to college? And he goes, oh, absolutely not. I'm like, why not? And he goes, I do not want that kind of restriction. So he's literally, for the past few months and going forward, he takes online marketing courses like email marketing, SEO courses,
I've got a friend of mine who's like one of these, I'm not going to mention his name, but he's like one of these marketing guru guys you see all over the Internet. And basically, you know, my son knows him, they're, they're friends and they have a group chat together and he just gives him all of his own courses and he takes all these like super high level market. My son is full on going to be an entrepreneur for the same reason, because he hates that authority that tells him what you have to do and the path you have to take. And so.
You asked me kind of, I guess this is a little bit of a philosophical question, like why, like, um, what's his name? I'm sure you know him, Simon Sinek. Uh, what, what's your why kind of thing? So for me, my why is I am really, really passionate about entrepreneurship. Just the general concept. And I know that seems kind of cliche, like, yeah, whatever. We all like entrepreneurs, blah, blah.
Greg Moran (15:24.37)
Yeah, sure. Yep.
Bobby (15:44.5)
Right. I'm super passionate about entrepreneurship, but I really believe entrepreneurs and the investors that support entrepreneurs, which oftentimes are just entrepreneurs that sold their businesses. But I'm really passionate about entrepreneurship. And I really think entrepreneurs are the economic driver of the world, period.
Greg Moran (15:57.446)
Right. Yep.
Bobby (16:13.46)
hiring people, they provide jobs, entrepreneurs are on the forefront of technology with technological advancements. They are out there making lives better for people, constantly improving their products and services. Like an entrepreneur's mindset is constant improvement, right? Have you ever met an entrepreneur that thought, my business is good enough? Like, at least I've never met a good one, let's say, right? I've never met a good one that thought like that.
Greg Moran (16:41.042)
Yeah, well, I mean, if they are, they're off doing something. Maybe their business is like that, but they're off building something else at that point, right? It's, it's, yeah.
Bobby (16:48.308)
Sure, maybe they got a plumbing business that is kind of peaked out. But then what are they probably thinking if they own this boring plumbing business? We should open another branch in that next town over, right? Or we should open another branch over here, right? So entrepreneurs are constantly thinking about how to improve the product, how to improve their service, how to be more efficient. It's all about improvement, improvement. And to me,
Greg Moran (16:51.795)
Right.
Greg Moran (16:59.164)
Right.
Bobby (17:14.152)
The more entrepreneurs can keep, or the more money that entrepreneurs get to keep in their pocket, the better the world gets in general. Okay? The flip side that is, the worst allocator of capital on the face of the planet in the history of humanity, bar none, is government. The absolute worst allocator of capital that has ever existed ever in the history of humanity is government.
There is no more wasteful organization on the planet than a government organization. And you can say, well, no, I'm Swedish. My government's really good. No, it's not. It might be better than another government, but it's still terrible fundamentally. And so in my view, what I try to do through helping people internationalize their business with proper company structure, tax optimization,
and asset protection planning is I try to help that entrepreneur keep as much money in their pocket that they through their own efforts have produced because I mean, Greg, I might think you're a great guy and I want you to keep as much of your own money in your pocket as you possibly can. And you know, maybe I do that because I like you. But my why is not because I like you. My way is because you.
make the world a better place in your small way. And if enough of us in our small way make the world a better place, the world in generally gets better. And that driver of growth and improvement happens at the entrepreneur level. It does not happen at the government level. Hands down, it does not happen at the government level. Now, of course I'm pragmatic. You know, I don't want you in an orange jumpsuit so that doesn't help.
That doesn't help you or anybody else. So we have to, you know, kind of follow the guidelines and find the right loopholes. And, you know, sometimes I jokingly call myself like chief loophole finder. But, I mean, that's actually my why. So you asked me kind of why I went down that path. That's exactly it.
Greg Moran (19:21.59)
Yeah.
Peter Dean (19:24.206)
So Bobby, I had a following question that, and so you, your fundamental, like I've shared some of that belief myself, right? And so what I know about Greg and we'll use him as the subject is if he has the money, he's not gonna keep the money. Greg doesn't stack cash, like he's not trying to, he can't help himself so much that he's gonna redeploy somewhere else. And it's not like it's gonna stay.
Greg Moran (19:25.003)
world.
Bobby (19:52.021)
Absolutely.
Peter Dean (19:53.65)
in his pocket because he's going to go, well, now I can do this and this, all those things that he was trying not to do to control himself, to get to where he had some positive outcome. That would be my argument, but other people have argued with me to say, hey, yeah, but then they have all the cash and they have all the money and they're not going to use it and they're going to keep it. What do you say to that? I mean,
Because your why is supporting an optimistic approach, which I agree with, of an entrepreneur, that they just can't help themselves. They're going to keep going and doing stuff and redeploying and redistributing and putting and becoming the investor, right? Enabling the next one and doing that. What do you think about that?
Bobby (20:45.708)
So filters or no filters? Yeah, so the answer to that is, if I understand your question correctly, Peter, is the argument is Greg's just going to keep getting richer and richer and have more and more money. And he's just sitting on this hoard of cash like Scrooge McDuck from the cartoons, right?
Greg Moran (20:50.526)
Nah, no filters, man. Go!
Peter Dean (20:52.148)
No, I just want to hear what you say. I'm really interested.
Peter Dean (21:12.098)
That's the counter to what I know about Greg, right? Yeah.
Bobby (21:14.892)
Right. And so my answer to that counter is you're fucking stupid. Like that is the stupidest fucking thing I have ever fucking heard in my entire life. That is idiotic that a growth minded, driven entrepreneur is going to sit on a pile of fucking gold coins like Scrooge McDuck from the cartoons. That's idiotic.
Peter Dean (21:42.438)
Yeah.
Greg Moran (21:43.73)
Right.
Bobby (21:44.36)
You hear this argument like Elon Musk has $100 billion. What will he ever do? He can never spend $100 billion. That is the dumbest thing anybody can say. Honestly, is Elon Musk going out buying Lamborghinis every five minutes? Because he literally would have to buy a Lamborghini every five minutes to come anywhere remotely close to spending his money. Is that what he does? No. He is a driven...
No, again, you can agree or disagree with Elon Musk, whatever, but he is a driven, brilliant mind who has changed the world, period, right? And.
Peter Dean (22:23.83)
I mean, you could use Bill Gates too. I mean, Bill Gates is the same guy. He stacked like, he had so much money and he was successful, you know? No, no, not even close.
Bobby (22:30.196)
But he's not stacking cash. Bill Gates is not stacking cash. He's not sitting on a pile of gold. He's got his foundation, the Bill and Melinda Gates Foundation, where they are, you know, you can argue with what they do with that money, right? But he's doing something with it. And that money does filter out. It's like, I don't, like, I'm sure Greg doesn't have a $12 million Bank of America checking account balance, right?
Greg Moran (22:36.086)
Great.
Bobby (22:59.92)
You know, he's probably like most entrepreneurs, he's probably got like a $700 Bank of America check in account balance.
Greg Moran (23:00.856)
No!
Greg Moran (23:05.078)
Right. Well, it's such a it's such a fundamental misunderstanding of what an entrepreneur is, right? I mean, that's, that's the thing. Because the funny part about Peter, what you're saying is like, you can't, like, true serial entrepreneurs, you can't stop yourself, right? Well, it's like, it's the heroin, right? It's like more money just means more, more heroin, except I'm not injecting it, you know, me or anybody else, right? We're not injecting it into our veins, we're actually injecting it into
Peter Dean (23:18.03)
I can't stop him. It's a disease. Yeah.
Bobby (23:25.114)
It is a disease.
Greg Moran (23:34.066)
other companies, other ideas, other things, right? So whether you're, you know, whether you're me or you're anybody else, you're constantly just redeploying, redeploying because that, because entrepreneurship is a personality, right? It's a personality set, it's not an occupation, you know? And I think that's a fundamental misunderstanding.
Bobby (23:41.057)
But that...
Bobby (23:56.152)
That response, so that kind of response that you're talking about, Peter, actually, like, it actually answers the question in itself. The entrepreneur actually doesn't sit on the cash, right? Like Greg said, the entrepreneur grows the business, hires more people, hires a couple of, you know.
Peter Dean (24:08.045)
Mm-hmm.
Bobby (24:19.724)
developers, hired some software developers to make his product better, make his service better. He hires some employees, gives them more jobs, grows the business. And even the entrepreneurs that say, you know what? Screw this. I want a plateau and just make some cash for a while. Guess what he does? He's the guy that goes out and buys the cars in the houses. And now he's consuming. And on the flip side, he's consuming, which also
Peter Dean (24:36.481)
Yeah.
Peter Dean (24:42.018)
Yeah.
Bobby (24:48.304)
injects money back into the economy. Entrepreneurs do not sit on cash. Entrepreneurs invest it or spend it, period. I bet Elon Musk probably has like $700 in his Bank of America checking account. Like he probably has no if you read his biography, I don't know if you guys read his biography. But yeah, if you read his biography, like when he when he sold out PayPal or he sold out his interest in
Peter Dean (24:50.316)
Yeah.
Peter Dean (24:57.59)
and they spend it like crazy. Like they can't ever stop.
Greg Moran (25:05.062)
Right!
Peter Dean (25:05.745)
Hahaha!
It goes like this.
Greg Moran (25:10.758)
Yeah.
Bobby (25:18.556)
What was it? X, right? [X.com](http://x.com/). When he sold out his interest, he was basically living on people's couches because he didn't have enough cash to even like pay for his own house. And people were thinking.
Greg Moran (25:20.02)
Yeah.
Greg Moran (25:29.887)
Yeah. Yeah, that was when he exited PayPal. Yeah. Yeah, it was crazy.
Peter Dean (25:32.3)
Yeah.
Bobby (25:32.688)
Yeah, and he had like a billion dollars, right? But he didn't have a billion dollars in cash. He had a billion dollars redeployed immediately into different ventures. So the mindset that entrepreneurs just sit around and hoard is idiotic because actually what they continue to do is to grow the economy and make the world a better place. The more they make, the better the world gets. That's the end result.
Greg Moran (25:57.566)
Yeah. And I think that's, it's so, it's such a huge concept too, Bobby. I mean, look, I'm a hundred percent with you on this, right. And it's such a huge concept, especially in other parts of the world, right. Where you really see the dramatic impact that entrepreneurship has. I mean, the most effed up countries where it's just like, the governments are just so corrupt and so horrid and so authoritarian and all this stuff.
Bobby (26:02.462)
Hmm
Greg Moran (26:25.45)
But you look at the impact that entrepreneurship has in those economies on lifting people out of that. I mean, it's the ultimate kind of revolutionary act, right? And I think that's where you really start to see the power of this, you know, on a global scale. Right, that's the great, great exit, yeah.
Peter Dean (26:40.226)
And there's, yeah.
Bobby (26:42.368)
Look at Argentina. The, I'm not even sure I'm pronouncing his name right. The Malay, Malay or something like that. I'm probably not pronouncing it right. But then you, I don't know if you saw this, but they just announced he deregulated the housing market because in Argentina they had like rent caps and all this stuff in the housing market. He deregulated it immediately. Like as soon as, that was one of the first things he did is deregulated it.
Greg Moran (26:49.522)
Yeah. Yep.
Bobby (27:10.556)
got the government out of the way of the housing market. And within his first couple of months in office, housing prices are down 20%. You've got all this new investment into construction now happening just by getting government out of the way and allowing entrepreneurs to do what they do best. And investors, entrepreneurs and investors kind of, you know, kind of hand in hand. Come on, give it.
Peter Dean (27:25.752)
BOOM
Greg Moran (27:30.303)
Yeah.
Greg Moran (27:34.515)
Yeah.
Peter Dean (27:34.718)
It's to your point, you the great value, right? All right.
Bobby (27:37.308)
You can do better than this, Peter, though. Give me a big pushback on why I believe entrepreneurs. Come on, give me at least like the Marodes argument. At least give me the Marodes argument.
Greg Moran (27:39.506)
HAHAHAHA
Peter Dean (27:45.391)
So here's the thing.
Greg Moran (27:48.118)
You
Peter Dean (27:49.674)
Well, you know, unfortunately I'm going to agree with you a little bit, but that definitely, the economic value of growth has a big impact. And we've had other people talk about that. And in third world countries, if you're giving money to them, it doesn't create as much value as creating some way to get repeatable economic value and something that is profitable.
Bobby (28:05.908)
Ahem.
Peter Dean (28:18.914)
can create more change by having something that's sustainable through this profit-driven model, right? And so again, there's people that say, they're gonna not treat other people right, they're gonna only be focused on growing cash and money. So like, how do you talk, like, what is your answer to that? So if someone said, hey, listen,
Yes, but along the way it's at some other person's cost. Like, what about the people? Because we create the corporation, and then it becomes the rule following, right? How do you rationalize that?
Bobby (29:00.476)
I'm not sure I fully understand your question. I guess let me, so that the argument, the other argument is, well, if you don't, like if I'm understanding you correctly, if you don't have controls in place on the entrepreneur, the entrepreneur will just take advantage of the little guy. Is that kind of-
Peter Dean (29:02.199)
Yeah.
Peter Dean (29:13.271)
Yeah.
Peter Dean (29:19.79)
Correct, yes. Yeah.
Greg Moran (29:21.438)
The entrepreneurs, the entrepreneur, the argument would be, I don't agree with this argument, but the argument would be the entrepreneur creates the corporation, the create the corporation, then creates the limit, creates the limitation. Right. And, you know, so you're sort of setting up this system of entrepreneurs sort of at the top of this rule setting limiter, right. Being right.
Peter Dean (29:28.238)
Great. Decreate stat.
Peter Dean (29:41.526)
They become the man, right, so to speak. And then there's that argument, right? And so we create a process and system and then we leave it behind if you sell and leave, right? But that becomes then infrastructure that potentially could be exploiting maybe the small guy or someone that's not the entrepreneur.
Bobby (30:01.864)
So the exploitation, I don't really, this is a little bit of a touchy subject, but in reality, the exploitation, let me just rewind for a second. Let me answer my first, the question or kind of my idea first. So your first idea was if the entrepreneur,
Peter Dean (30:04.258)
Yeah.
Peter Dean (30:15.553)
Yeah.
Peter Dean (30:20.705)
Yeah.
Bobby (30:27.656)
kind of gets to the corporation, he's the CEO, it's a big company and then we need kind of, we need some controls over that guy or that group of guys to not exploit the other people, right? So first of all, my argument to that is there are assholes everywhere and you're gonna have exploitation everywhere. You cannot, you cannot regulate out human nature.
Peter Dean (30:31.564)
Yeah.
Peter Dean (30:47.723)
Yeah, that's true.
Bobby (30:57.34)
It's not going to happen. If, if you're an asshole, I can't make a law that says, not Peter, you're not an asshole anymore, right? I can't make you not an asshole by passing a law or putting a regulation in place that makes you not an asshole. You're going to figure out how to exploit people. You don't care what the regulations say. A speed limit on a highway is a perfect example. It's there. There's a rule that says you can only drive 65 miles an hour. If you've ever been to Charlotte or Atlanta.
where everyone thinks they're the next NASCAR driver. 60, 65 is, that's not even the minimum. Like 75 is the minimum. Yeah, 65 would be dangerous to drive through Charlotte or Atlanta at 65 miles an hour. But the rule is there, the law is there, and people still do it because they can. And you can't, what are you gonna do? Put a police car for every person out there to monitor it?
Peter Dean (31:26.828)
Yeah.
Yeah.
Peter Dean (31:35.246)
It's like dangerous.
Peter Dean (31:55.01)
But yeah, I like that. That's good, absolutely.
Bobby (31:59.642)
And so you can't stop people from taking advantage of other people. And to take that kind of a level above that, the government that would implement these rules and regulations to prevent the entrepreneur from taking advantage of other people is ultimately the one taking advantage of other people. They're just the big asshole.
Peter Dean (32:06.058)
Yeah.
Bobby (32:25.508)
and they wrote the rules that work for themselves. Right? I mean, there's no, I don't know.
Peter Dean (32:31.61)
Or they worked for the asshole that gave them the money to be there. Right. That's, that's the other.
Bobby (32:35.204)
Well, I mean, like for example, you know, insider trading, like if someone in Congress, I mean, this is kind of a silly example, not a silly example, really. It's a real example. If somebody sits on a budget committee or the defense budget committee and knows they're about to sign a contract with Raytheon two weeks from now for $5 billion and they say, well, I'm going to go buy a bunch of call options or go buy a bunch of Raytheon stock because I can. Because.
Greg Moran (32:40.147)
Okay.
Peter Dean (32:51.627)
HMM
Bobby (33:04.26)
In Congress, I can trade on insider information. I can do that. Right. So you say, we don't want the entrepreneur to take advantage of people, but that's exactly what the government, you know, people do. That is precisely what they do. So what we're trying, what I'm saying is you're going to have assholes everywhere. Whether we have the government controls in place or not. Um, the difference is government controls cost money. And we.
Peter Dean (33:24.575)
Yeah.
Bobby (33:34.252)
have as entrepreneurs pay tax. Basically, we pay them to be assholes to us is another way of putting it. And all that does is throw sand in the wheels of progress because now we have less capital to go out and hire people and improve our products and services and that sort of thing. So I would argue that the world doesn't get perfect. The world's not gonna be perfect any way you look at it.
Peter Dean (33:52.426)
Yeah. Yeah, and I think, so back to your.
Right. It does it.
Bobby (34:01.764)
Regulations doesn't make it perfect. It just means you have another set of assholes telling you what to do. I don't know how else to put that.
Peter Dean (34:07.11)
Right. And so to your point before, like you have everyone, I've been there and been through Georgia too, and we're all going 90 or 85, 90, and then, then there's someone going 120 and that maybe is the real asshole and hopefully gets pulled over. Right. Cause that, to your point. Yeah. To your point. Yeah.
Greg Moran (34:07.495)
Yeah, it's.
Bobby (34:26.184)
He's the situational asshole. We call that like a buddy of mine. We go have coffee whenever I'm in town and we'll go to this like little coffee shop. There's a lot of younger attractive females around. We always call when the new girl walks in, like new situational 10 in place. So the new girl comes in, she's the new situational 10. She's not really a 10. She's maybe a seven.
Greg Moran (34:29.857)
So... so did...
Peter Dean (34:39.127)
Yeah.
Bobby (34:54.684)
but she happens to be the best looking one in the room, so now she's the situational 10. So the guy going 120, you know, in the HOV lane in Atlanta on the 485, he's the situational asshole. And everyone going 90, who's already going 25 miles an hour of the speed limit, they're all normal, right? They're all the normal people. It's the situational asshole over there, the HOV lane going 120 that's screwing up. Because...
Peter Dean (35:16.278)
Yeah.
Greg Moran (35:21.974)
Well, you can't, because you can't, when you're dealing with this, I mean, what you're talking about, Bobby, is like the ultimate self-regulation, right? I mean, it's about pure responsibility for who we are and what we're creating. And I think that's the thing. So when you see the extremes of it, those extremes really stick out. I wanna just like switch on the, or stay on the geography thing, because a lot of what you're talking about, a lot of what you write about is really helping understand.
Bobby (35:29.812)
Of course.
Right.
Peter Dean (35:44.504)
Yeah.
Bobby (35:46.236)
Okay.
Greg Moran (35:50.334)
helping entrepreneurs understand the relative cost of living, taxation, freedom, things like that in certain areas. If you're advising an entrepreneur today, where should they be thinking about geographically? Because you've really kind of explored the outer boundaries of this, I mean, with living kind of in around Eastern Europe and different areas. I mean, where do you...
Where do you think is that area that if you were starting today, you would say to an entrepreneur, go build here?
Bobby (36:25.116)
Um, so this is a, you know, kind of the idea is you really need to take a multi-jurisdictional approach. You, there is no, there is no, uh, utopia or, or single utopia or a single chingra law. Um, so first of all, from, if you, are you talking about from a business standpoint or quality of life or kind of all of it together?
Greg Moran (36:52.606)
Yeah, well, all of it together, all of it together.
Bobby (36:57.224)
So from a business standpoint, you obviously wanna target where the money is. I mean, that's a no brainer. And it depends on who your audience is. If you, like, if I want to sell, like if I wanna get into the solar panel business, you know, Alberta, Canada is probably not the best option. Right?
Greg Moran (37:23.086)
Well, let's assume for a second they're a digital entrepreneur, right? So they don't have to make a market in their geography. They can build wherever they, they can build globally. So I guess it is a lot of our lives.
Bobby (37:26.536)
Hmm
Bobby (37:33.208)
I have clients in the solar business that are location independent entrepreneurs. You can build almost any type of business virtually nowadays. Almost any, not every. Like there's certain things like I can't have a virtual plumbing company. Right. I mean, that's I can't have a virtual restaurant, those types of things. But anything that is, but like, for example, using the
Greg Moran (37:38.698)
Mm-hmm.
Peter Dean (37:45.642)
Yeah, yeah.
Peter Dean (37:49.863)
Right, manufacturing.
Greg Moran (37:53.567)
Yeah.
Bobby (38:04.657)
Solar business as an example. I could build a virtual solar business and I outsource the contractors where I do the installs, right? I don't have to be the one doing the hands-on install. I can build the platform and the processes and the lead generation and all that stuff on the front end and outsource to the local contractor in Arizona, the local contractor in Flagstaff, the local contractor.
in Austin, Texas, that sort of thing. So you can build a lot of different types of businesses. I had a call earlier today with a friend of mine who owns a chain of restaurants and he never goes into them. He built them. He has management in place. He he lives part of the year in Dubai. He lives part of the year in Portugal. He lives part of the year in the US and everything. He his end of the business is all done remotely. But yeah, you can't.
You can't make chicken wings virtually, right? Like, I mean, you have to have hands on for that. So it depends on the nature of the business. So if you're if you have the capacity in your business where at least your function or the management or the mind and management of the business that can be done virtually, that's step one. You've got to have that. That's got to be in place. I mean, that's a given. And. We were I think that I think that type
Greg Moran (39:04.206)
Yep.
Peter Dean (39:11.191)
Thank you.
Bobby (39:28.996)
of capacity to work virtually, especially globally, really escalated around 2005 when Skype was created. Skype opened up the world of communication for people. I remember going to Moscow in 2006 or 2007 and came home with a thousand dollar cell phone bill from making a handful of calls at 10 bucks a minute.
Greg Moran (39:41.075)
Yeah.
Peter Dean (39:56.299)
Yeah.
Greg Moran (39:56.703)
Yep.
Bobby (39:58.088)
And, um, but nowadays, if I went to Moscow, I mean, I would just have roaming data and I would just use Skype app or, or Google voice app or whatever. Right. And so a lot of people, if you're in a small business, you can't afford a thousand dollar a month cell phone bill, but you can afford a $20 a month, uh, voiceover internet phone, right? So Skype kind of got that started. COVID really.
Greg Moran (40:20.031)
Yeah.
Bobby (40:25.556)
kind of skyrocketed that because during COVID, what I wrote an article about this, about how COVID was the best thing to happen to humanity. I literally got death threats for like three months after reading that article. No shit, I wrote an article about how COVID was the best thing to happen for humanity. And people, I don't even think they've read the article. They just saw the headline and you know,
Greg Moran (40:40.14)
Yeah.
Bobby (40:49.748)
probably mailing me anthrax and pipe bombs. Luckily, I'm really good about privacy and nobody actually knows where I live. So I wrote that article because COVID kind of exposed the ability for even large companies to have their entire workforce work remotely. I mean, you got like even General Motors sent all their office staff home, like what, 40 or 50,000 people now work remotely for one of the oldest like,
Greg Moran (41:17.247)
RIP.
Peter Dean (41:18.35)
Mm-hmm.
Bobby (41:19.8)
industrial stalwarts in the world, they're like, nope, you 50,000 people go home. Right. And COVID was kind of like the trigger point that says we have to send you home because, you know, no one, you know, no one wants to get the fake flu, right. No one wants to get COVID. Sorry, I know I love pushing that button, but you know, fuck it. Why not? No one wants to get COVID. So they
Peter Dean (41:22.754)
them the function.
Peter Dean (41:33.42)
Right.
Bobby (41:47.912)
They send everybody home, but then companies started being like, that's kind of nice not paying rent, you know? And then they're like, wait a second. People actually work better when they work from home. They're actually a bit more. Most people, if they like their jobs, they're good at their job and they're engaged in their career, will be more productive at home. If they're just shitty people, they won't work at home, right? They just don't. But that also forces.
you to either be better at your job or lose your job too, right? It's kind of forces improvement in the workforce. And then
Greg Moran (42:19.144)
Right.
Bobby (42:26.12)
Basically, no, everyone has the capacity to work remotely. So if you, like all the technology tools are in place now, that most businesses can either go completely remote or at least a big chunk of it, and a minimum you can generally have upper management and mind and, you know, the mind and management of the business can be remote now. So like my buddy who owns a chain of restaurants, he probably hasn't seen
a chicken wing fryer in months. He has no idea what it looks like. But he can manage the business from his apartment in Dubai. So first and foremost, make sure you have the tech stack in place that you can do everything remotely. And we don't need to list this out. Everyone knows all the tools you can do. If you don't, a Google search can find all that stuff. And then beyond that,
Greg Moran (43:16.074)
Hmm? Sure. Yep.
Bobby (43:22.824)
So going back to my original point, you need to know where you're gonna make your money because a lot of that has to do maybe with the structure of that business. Like for example, if you're on e-commerce in Europe, then we'd need to structure the company somewhere in the European Union because it makes it easier for you to import goods and get VAT registered and stuff like that. If you're gonna sell in North America, it's probably better to have a US company.
Peter Dean (43:41.986)
Mm-hmm.
Bobby (43:49.604)
If you want to open a hotel in Mexico, there's some complicated structuring things you can do there. So it kind of depends on the nature of the business. But if you have that capacity to run remotely, then ultimately it comes down to your connection and your lifestyle on how you work. Like if your business, let's say you've got all your business happens in North America.
and you have customer service that's got to work North American time zones. Okay, great. Well, it might be a little bit complicated if you go live in Australia, right? I mean, you can do it, but you've got to kind of flip your work schedule, you know, 12 hours around. So you might think, I really want to be available during work hours and have a normal work schedule. Well, if that were you, then I would say kind of stick
Greg Moran (44:29.235)
Right.
Peter Dean (44:30.437)
Very, yeah.
Peter Dean (44:34.646)
Yep.
Bobby (44:47.804)
the time zone, the North American time zones. Mexico is a great option. Costa Rica is a great option. Columbia could be a good option. Argentina, I would say, is gonna be a real up and coming possibility. Like, if I were looking, oh, you asked me, this is a good point. You asked me before, if I were looking now on something I were going to be doing going forward, I'd be looking hard at Argentina.
Greg Moran (45:06.674)
Yeah. Yep.
Peter Dean (45:07.223)
Good.
Greg Moran (45:12.086)
Really? Interesting. So, you know, but
Bobby (45:14.788)
It's a complete shit show in Argentina right now. It's a complete shit show right there, which means, and they have this new president, this new libertarian kind of ANCAP president in place, he's already making huge improvements. Like they're already seeing the numbers come in, these massive improvements, like the real estate thing. Now would be the time to start while it's still a shit show, go down there, buy a house, buy an apartment.
Greg Moran (45:17.598)
Yeah.
Bobby (45:40.668)
Get set up, you know, kind of get your life established down there. Even if you only want to live there a couple of months a year, go get residency there. Start the process for naturalization of citizenship so you can get, you know, maybe an Argentine passport in a couple of years. That would be a great place to look at right now. Same, similar time zones. Now, but if you'd need to travel back for work, okay. Buenos Aires is an insanely long flight from Buenos Aires to say.
Greg Moran (45:59.135)
Well, it's...
Bobby (46:10.788)
You know, Chicago or Houston or Atlanta or only the big, I mean, it's like, uh, you know, it's longer. It's if you fly Charlotte, let's say Chicago to Buenos Aires, that's a longer flight than like Chicago to Frankfurt. Like it's a, it's a longer trip. So.
Peter Dean (46:12.299)
Yeah, in New York.
Greg Moran (46:23.666)
Yeah, yeah, yeah. But the point you're making there, Bobby, I think is really important, right? My daughter is graduating with her MBA this year, right? And this is something we've actually talked about, is like, you don't have to limit yourself to the US, right? I mean, there's all this opportunity, but that's around the world. But I think what's interesting about what you're talking about is don't be afraid to go to the shit show currently that's on where the ascent is clear, right? Because you don't wanna be the one kind of showing up in.
Peter Dean (46:24.833)
Yeah.
Bobby (46:30.877)
Okay.
Greg Moran (46:53.438)
I don't want to pick out any place in particular, but you know, showing up as the last person to show up in the next hot year or in the last hot boomtown. Germany. I was. Yeah, well, it's but.
Peter Dean (46:55.906)
when something's established.
Bobby (47:02.356)
Germany, you can say it, it's Germany. You can say it, it's Germany. Yeah, Germany would be like the last place on earth, I would think. That's where I'm gonna go. They're over-regulated. They're over-controlled, over-regulated. They're over-taxed, and they have a major, major immigration issue. And they have a major demographic issue. Japan, also.
Peter Dean (47:02.518)
The current hot. Is it?
Bobby (47:30.728)
They don't have an immigration issue in Japan, but they have a huge demographic problem there. And you've got to look at immigration in general in particular countries. How can you immigrate? Like Europe, for example, if you don't have European ancestry or, you know, an EU passport, to immigrate to a European country as a non-EU national is not so easy. They like you have to have a legitimate reason to be there.
Greg Moran (47:34.996)
Yeah.
Bobby (47:59.176)
You have to have a job there with an invitation. You have to be a student or a teacher or you marry a local or you've invested some significant amount of money there. You have to have a legitimate reason. They intentionally restrict immigration in European countries because I don't believe this to be true, but their perception is that it's overpopulated and they don't want any more people. Um, you take most of your Latin American countries, Mexico, for example, you only need to prove you've got money.
to immigrate to Mexico. That's literally it. You need to have some multiple of the Mexican minimum wage. And so they're incentivizing people to make higher incomes and have higher net worths to move there. Well, think about that from a longer term, a 10 or a 20 year demographic shift. Do I wanna go to a place that's restricting highly intelligent, well-paid, wealthy people from coming into the country?
Peter Dean (48:30.354)
You can just, you can subside.
Greg Moran (48:34.773)
Yeah.
Bobby (48:58.104)
Or do I want to go to a place that's actually trying to attract me as a, like a highly educated, well-paid, higher net worth individual? I'd rather go to in the direction of the flow, right? So like Mexico, people are like, oh my God, Mexico is so dangerous. Well, it's only dangerous if you watch the news. Like it. It's crazy.
Greg Moran (49:11.763)
Yeah.
Peter Dean (49:13.608)
they want you.
Greg Moran (49:20.438)
Yeah, yeah, well, I have that. It is, I mean, it's, it, you know, it, it is one of those things. I think it with any one of these countries, right? When you, if you watch the news, you start to, this is why traveling is so important, right? I mean, you watch the news, you start to get this concept of what's happening around the world and you go land in these places and suddenly you realize this is nothing. This is just like home, right? I mean, this
Bobby (49:32.328)
Hmm
Bobby (49:47.932)
I was in Salvador, Brazil in January, no sorry, in December. I was in Salvador, Brazil. And I think Salvador is listed as the fourth most dangerous city in the world. I mean, if you look at like the top 20 most dangerous cities in the world, like 12 of them are in Brazil. And I was in Salvador, which I think is, I think on that list is like number four. And it's pretty big city, like 4 million people. And I...
Like I didn't feel like any issues. I didn't like there was no problems whatsoever. I walked around at night. I mean, don't get me wrong, it's not a place I'd really want to live. I didn't like Salvador that much. It's not like an ideal place. But the perception is it's super dangerous. Now, maybe I got lucky. I stayed in the part of town that was safe. I don't know. But, you know, also, if you're if I'm as a non-Brazilian person going to Brazil.
I'm probably going to stay in the higher populated areas anyway, like the nicer parts of town, the touristy sections. I would do that no matter what. I go to Mexico City, I don't go to the bad part of town. Yeah, Dinders.
Peter Dean (50:53.974)
Yeah.
Greg Moran (50:56.754)
Well, look, if you came to Denver, right, you came to Denver, I would take you downtown and there's places we're not gonna go together, right? I mean, it's just, you know, we're not gonna go because it would be dumb, right?
Bobby (51:08.84)
That's a pity too. Denver downtown used to be really nice.
Greg Moran (51:11.954)
Yeah, I know, I know. There's still some really great parts of it, but it is definitely one of the drivers of our sort of spending so much more time in Montana these days. So we're coming up on time here, but wanna kind of start to wrap this up a little bit. Are there drawbacks, Bobby, to this approach? Like, I mean, there's, I think because the lifestyle, I mean, because there's so much, look, I...
Bobby (51:15.762)
Yeah.
Bobby (51:27.42)
Thank you.
Bobby (51:35.036)
What the lights are?
Greg Moran (51:39.474)
resonate so much with what you're talking about. One, I mean, for a lot of different reasons, because of your sort of belief on what entrepreneurship and the freedom that it can instill, but also that you are not limited by borders. You are not limited, like these are self-imposed limitations. But are there drawbacks for an entrepreneur?
Bobby (51:59.134)
VINC!
Bobby (52:03.577)
I don't want to call it drawbacks. You definitely make compromises on certain things. I could tell you, but you're going to make trade-offs no matter what. You have to decide which trade-off do I value A or B? Which one is my preferred value? I can't really say are there drawbacks because that's up to the individual and their own internal value systems. I can tell you my lifestyle, I've been doing this for
Greg Moran (52:08.054)
Trade-offs, right? More trade-offs.
Yeah.
Bobby (52:29.076)
many years living in two, three, four countries a year. I mean, in the past year, I've probably been probably traveled to, I don't know, maybe a dozen or so countries. I've lived in. I mean, lived, like actually lived, like with a home base in three countries. I've had three home bases now for a few years. I either I either own the property or have a long term lease in the place like if I go if I go rent an apartment like
Peter Dean (52:47.862)
How would you define lived? What would you? Yeah, here.
Okay, gotcha. Like we're gonna be here for a while. Yeah.
Bobby (52:59.208)
Like in Salvador, when I was in Salvador, I rented an apartment, a nice apartment, but I rented on Airbnb. I didn't live in Salvador. It was a short term kind of Airbnb. But if I went to Salvador and got like a six month lease, or I went to Art Buenos Aires and got a six month lease, I consider that living there. If I get residency, like if I actually immigrate there and like legally immigrate there and become a legal resident there, that's definitely living there.
Peter Dean (53:05.706)
Right, right. It was temporary. Yeah.
Peter Dean (53:18.782)
Okay. Yeah.
Bobby (53:28.484)
I mean, in my lifetime, I have lived in, like actually legally immigrated, I don't know, 10, 12 countries at least. But I've traveled to probably 80-ish countries in that ballpark. But I've lived, lived in like 10 or 12. And I would say right now, I live in three. This like...
Peter Dean (53:44.31)
Mm-hmm.
Peter Dean (53:50.446)
That's really cool.
Bobby (53:57.62)
I have a long term lease in my place in Mexico, and we're actually going to give that up this year because we want to slow down traveling. And we're going to go down to only two home bases in two countries. And what we'll probably end up doing, knowing us, we'll probably not have three home bases, but then we'll just end up traveling more and having more like one month trips. Yeah, we'll end up going to like Argentina for a month with an Airbnb, which I wouldn't consider that living there.
Peter Dean (54:16.778)
Yeah, random. You're being... Yeah.
Greg Moran (54:17.629)
You each stole one from the place. Yeah.
Bobby (54:26.428)
because I'm in a short-term apartment for one month. We'll do stuff like that, most likely. But as far as quality of life, I love it. I have a different environment. I get bored in one place. I'm like, all right, time to go. Let's go somewhere else. I have friends all over the world. I can go visit people all over the world. I've literally, I've run into people I've met just randomly walking on the street that like just in different countries.
Peter Dean (54:26.604)
Yeah.
Mm-hmm.
Bobby (54:56.492)
I've done that dozens of times, just walking down the street because I've met so many people out about traveling. To me, it's life enriching to have those types of connections. To me, that's a value that I consider that to be a high priority value in my life. I do consider
Greg Moran (54:59.422)
Yeah.
Peter Dean (55:13.838)
Mm-hmm.
Bobby (55:23.444)
Paying tax, too much tax, I consider to be against my moral values. I literally consider paying income tax to be immoral. I do find it actually immoral to pay tax. So for me, I do whatever I can do to minimize or eliminate an income tax payment. And because I place a high value on that, and I'm not saying you should or need to or whatever, but because of me, that also affects that I will...
I've moved to a couple of different countries every year because it allows me to avoid becoming a tax resident in those countries. Now, that's not my only reason for doing that. It's I also enjoy, I enjoy, like this summer I'll probably spend, I'm guessing I'll probably spend a month in Italy. We're shopping for maybe buying some property and building an off the grid house. I'm thinking about doing it in the countryside of Italy. I'll probably, I may even just drive all the way to Italy or I may.
fly down and rent a car for a month or something and spend some time there. And I may end up at some point buying a house or building a house in Italy. And then but I won't live there full time and I'll never live in Italy long enough to become a tax resident. Now, is that only because of tax? No, that is one of my values and one of my driving factors to choose to for the lifestyle that I choose. But I also really enjoy Eastern Europe. I enjoy, you know.
especially my wife enjoys being on the beach, you know, a part of the winter time. And for me, like speaking of trade-offs, we trade off some, like, consistent routines in our life, which sometimes it's nice to have a consistent routine. You get up at a certain time, you brush your teeth, you eat your breakfast, you do your job, you...
Peter Dean (56:54.177)
Yeah.
Greg Moran (57:15.094)
Sure.
Bobby (57:20.688)
Go for a run in there or go for a gym in the afternoon. You have that fixed routine. There is some freedom in having that routine. And a trade-off for this type of lifestyle is I have to have a different routine in each country I'm living in. Like for example, in Eastern Europe, because in Latvia, we are seven hours ahead of US East Coast time. And I, like with my consultation clients, I still work on US time zone. So my routine completely changes.
Peter Dean (57:33.693)
Mm-hmm.
Greg Moran (57:49.215)
Yeah.
Bobby (57:49.5)
When I'm in the States, I go to the gym around four or five o'clock. When I'm in Europe, I go to the gym in the morning. For example, I just, is that a trade off? Because to me, it's not that big of a trade off because it's a lifestyle choice that I choose that I have to create a different routine in a different location. But some people, you know, it depends. Like some people absolutely despise change and.
Greg Moran (57:56.149)
Yep.
Bobby (58:15.864)
If you despise change and demand a consistent routine day after day after day, and that's a high enough value for you, then maybe that trade off is not worth it for you to have kind of a global lifestyle. That makes sense. You see what I'm saying? The amount of money I save in tax, and the amount of money I save in tax, though, it buys a whole lot of plane tickets for traveling.
Greg Moran (58:29.22)
Yeah, yeah, totally, totally. I think it's a, you know, I mean.
Peter Dean (58:29.335)
Yeah.
Greg Moran (58:42.322)
Yeah. Well, that's it, right? Yeah. And that's well, look, it's the experiences. It's the, you know, it's the disposable income that you're actually keeping in your pocket. It's the experiences you're having. And I think it's, it's something, look, we started out and, you know, in our kind of last 30 seconds here, I mean, I think, you know, we started out by saying, like, look, Bobby, what is so intriguing to me about kind of the approach you've taken, Bobby, is, is this is not for everybody. And you say that, you know, all the time, like this is, but.
Bobby (59:09.752)
sure. Yep, I mean not.
Greg Moran (59:11.698)
But if this kind of mindset really resonates with you, I think what you're doing is you're really educating people that there are alternative ways to kind of go about your life. Then maybe I think you don't learn this stuff in school. You don't learn this stuff in regular society. You don't, there's not even outside of guys like you and you know.
Bobby (59:34.109)
Thank you.
Greg Moran (59:40.23)
you know, admittedly are sort of viewed as like the, you know, the fringes, you don't hear this kind of approach. And I think that's why it's just so important. And for me, it resonates. For other people, they're gonna listen to this and say, I don't get it. But I think it's just a really important thing for founders to say as you start to accumulate assets, as you start to accumulate wealth, just know that these options are available. That's right.
Bobby (59:58.109)
It's an option.
Bobby (01:00:03.728)
It's an option. I mean, asset protection, which is how I started in this journey to begin with back 20 something odd years ago, asset protection. I don't care what your lifestyle is and what your mindset is. If you're a business owner, you've got to consider an asset protection strategy because if you've been in business and you have any reasonable size business, I mean, you've either been sued or you're going to be one way or the other.
Greg Moran (01:00:30.559)
Right.
Bobby (01:00:31.588)
Like you're going to have a lawsuit come your way if you haven't already. OK, fine. If you're you know, you run a lemonade stand, you're probably not getting sued. But if your business is doing seven, eight figure plus, I mean, you're going to end up in a lawsuit. So asset protection planning is a mandate, in my opinion, for an entrepreneur mandatory. But the lifestyle component of it. Do it. Don't do it. It's up to you.
A lot of people really enjoy this. It is a growing trend. I just spoke, actually the reason I was in Brazil, if there was a cruise, a conference cruise that went from Tenerife, Spain to Salvador, and it was a nine day cruise, and I spoke on that cruise. And that entire cruise was location independent entrepreneurs, 400 people, 400 entrepreneurs, all location independent. So I mean, there's a growing trend.
Peter Dean (01:01:02.187)
Yeah.
Bobby (01:01:26.296)
I spoke at an event last summer in Bulgaria. I think there was 700 people at that event. I mean, it's a growing trend. And like we discussed, COVID kind of exposed that ability to be location independent. Now, whether you choose it or not, like, so the term you've probably heard, a lot of people's heard is digital nomad. And there is a wide range of digital nomads.
Greg Moran (01:01:33.502)
Yep.
Peter Dean (01:01:42.157)
Mm-hmm.
Greg Moran (01:01:43.402)
The trick.
Greg Moran (01:01:49.365)
Yeah.
Peter Dean (01:01:49.857)
Yeah.
Bobby (01:01:56.092)
Like there's on the extreme scale, there are, you know, like I have, you know, a guy, you know, I got in Chris who, um, his, his deal is he, his goal is to visit every single country and, uh, geographical territory on earth, you know, and he's been to like 200 plus countries, countries and territories. To me, that's the far extreme. Like you've got the, like you're doing it just for the sake of doing it.
to travel just for the sake of traveling. And there's nothing wrong with that. That's his goal. That's what he wants to do. He wants to tick that box that he's been to every place. And then a little bit farther in the scale are the people who go like maybe go live in Medellin, Columbia for a month or two. And then they go to Mexico city for a month or two. And then maybe they go live in Austin, Texas for a month. And then they go to Lisbon, Portugal for a month. And then they go to,
Greg Moran (01:02:28.255)
Yep.
Bobby (01:02:55.688)
Chiang Mai, Thailand or something for a month or two. You know, and there's those type of nomadic people too. For me, I find that too frequent. It for me, like I'm fine changing up my routine sometimes and having a fixed routine, but I prefer to have like two or three places where I park for extended periods of time because I mean, I do run a business with employees and all this stuff. And so.
Peter Dean (01:02:57.132)
Yeah.
Peter Dean (01:03:10.946)
Let's be there for a while.
Peter Dean (01:03:18.446)
Mm-hmm.
Bobby (01:03:24.3)
I find it hard to be super productive if I'm constantly, if all I'm doing is constantly planning the next trip. It's kind of like there's no routine. And then those people are kind of like, it's like they're on a perpetual vacation and they're constantly planning the next leg of the vacation. I think that lifestyle can work. In my opinion, that works for like freelancers, contractors, or people who run like solopreneur.
Greg Moran (01:03:31.406)
Yeah, there's no routine whatsoever. Yeah.
Peter Dean (01:03:31.69)
Yeah.
Greg Moran (01:03:43.327)
Right.
Peter Dean (01:03:43.467)
Yeah.
Peter Dean (01:03:49.907)
Yeah, certain types of work.
Greg Moran (01:03:54.482)
Yep. Or retire. Right? Where you can just do it. Yep.
Bobby (01:03:54.608)
businesses. Just my opinion. You know, just my or retire. Yeah. Or they sold it. I do know a couple of people that do that. They sold a company. They got a bag of money. I know one guy who actually lives on cruise ships. He does. He does. He connects the dots around the world on cruise ships, literally. And he'll just take a cruise, you know, from.
Greg Moran (01:04:10.803)
Yeah.
Greg Moran (01:04:16.671)
Yep.
Bobby (01:04:20.08)
Spain to Brazil and then maybe he'll spend a month in Brazil and then he gets Brazil to the Caribbean and then Caribbean to, you know, across the Panama Canal over to like Mexico, Mexico to Japan or something like that. And there's a range I put myself on what I call the slow mad scale of the nomads. Um, I try to stay chunk bigger chunks of time where I'm going. So to your point, it's not for everybody.
Peter Dean (01:04:39.534)
Hehehehehe
Bobby (01:04:48.764)
But it doesn't, you don't have to fit in one box either. You don't have to be like the guy who has to visit every country on earth. You can also do like, hey, I'm from Toronto, Canada, and I'd like to spend eight months a year out of Canada and four months a year in Canada. Great. Go get a home in Mexico, go spend your four months a year in Canada and just go between two countries. You don't even have to travel at all. One plane ticket.
Peter Dean (01:04:50.518)
big range. Yeah.
Bobby (01:05:18.908)
Twice a year, just like that. So I mean, that is also a different variation of this.
Greg Moran (01:05:18.974)
Yeah.
Peter Dean (01:05:25.281)
Mm-hmm.
Greg Moran (01:05:26.262)
Well, this is super fascinating, Bobby. If you don't follow Bobby, where can they reach you today? Like where are you active? I know you've got a super active blog. It's the best place for people to reach out, find out more about what you're doing with wealth protection or just follow you, global wealth protection, or just follow your sort of your writings and thinking or if this resonates with you.
Bobby (01:05:50.452)
Sure. Yeah. I mean, for the internationalization stuff and asset protection, the website is glob And you can subscribe to our free newsletter there. I mean, we do send out a fair bit of content, usually anywhere from one to three pieces of content per week, on average. I mean, we're everywhere. We're on Instagram, same global wealth protection, global wealth protection on Facebook.
That's that side of the business. And then the other business is [businessanywhere.io](http://businessanywhere.io/). And we're just, well, I have three. I'm not going to mention the third one for privacy reasons. But [businessanywhere.io](http://businessanywhere.io/), we do US company formations, virtual mailbox. We do tax planning. We do notary, bank account openings, all kinds of stuff like that. It's kind of a business owners toolbox for
registering and managing your back into your company. And then there also, we have a blog. We've got, we're on Instagram. Actually we're on TikTok on that one too, YouTube. And then the other one, I do have a trust and corporate service company in the Caribbean, but I'm not gonna mention the website because of legal reasons, we're limited on how we market a trust company. So I can't mention the trust company itself.
Greg Moran (01:07:13.606)
Yep. Well, if somebody reaches out to you, I'm sure they can, they can find out more if that's going to be relevant to them too. So, Bobby, this was awesome. Great to, great to have you on. Super, I think going to be eyeopening for a lot of people to kind of, you know, to, to really think about just think about kind of your life in a different way. Right. And so awesome.
Bobby (01:07:29.117)
Yeah.
Bobby (01:07:33.252)
Yeah, that's the main thing, just to get people to think in a little bit. Like just, like you said, maybe people are like, oh, that guy's ridiculous. That's just stupid. But if one thing triggered you're like, well, maybe I could go live half the year in Mexico or something like that, right? Just one triggering thought to think that something is possible that maybe you didn't believe it's possible. You know?
Peter Dean (01:07:55.11)
Mm-hmm. That's cool.
Greg Moran (01:07:55.41)
Yep, totally. Well, awesome to have you on Bobby, really appreciate it. And if you found this conversation interesting, please share it, subscribe to the channel that you're listening to, and we'll see you next time on the Founders Attorney podcast.