Working Remotely with Shlomo Freund | Ep. 115

• Shlomo explains that remote workers encompass several categories including expats, location-independent professionals, digital nomads, and traditional remote workers. The pandemic has expanded the definition to include many working from home.

• Remote workers face additional variables due to frequent travel and changing locations. Shlomo helps clients create order and direction with their long-term financial planning despite these variables.

• When working in different countries, tax obligations vary by location and duration of stay. Shlomo notes there are approximately 15 countries offering digital nomad visas that provide clearer tax frameworks than tourist visas.

There are about 15 of those now.

• Key preparation steps include securing remote work, researching cost of living, and using platforms like Nomad List to evaluate destinations. The platform provides data on costs, safety, and internet speeds.

We lived in Thailand, a couple with, back then she was a baby. Now she's six years old for about $1,000 a month for like a couple and a baby.

• Shlomo recommends services like Revolut, N26, Wise, and Payoneer for international money transfers rather than opening local bank accounts for short stays. Local accounts are only necessary for significant investments like property purchases.

• Shlomo describes website flipping as similar to real estate investment: buy undervalued sites, improve them, generate cash flow, then sell for profit. Typical returns are around 30% annually from cash flow alone.

The multipliers for buying these kind of websites, so the cash flow is around giving you around 30% a year for cash flow.

• Shlomo contributed to 'The Growth Hacking Book Number Two,' which holds a world record as the business book written by the most authors from the most countries (100 authors from 20-22 countries). His chapter covers aligning finances with desired lifestyle.