The Best Cities aren't Defined by Beer Prices

so I was making a video in which some people criticized Kuala Lumpur it's my choice of Hulman Asia which is certainly fine we made a video on the most livable cities in Asia and people are entitled to disagree I think kale is a very livable city but someone brought up a very interesting point which is oh but you know alcohol there's expensive to which I say this if you're watching my videos you know that I'm talking to the 6 and the 7 figure entrepreneur and you know for that person if you pay seven or eight dollars for a beer it's not gonna be the end of you if you go to the majestic hotel when you pay $11 for a cocktail – for one happy hour every day by the way do recommend it you know if you pay the full price you're gonna be fine and so I think that there's this this undercurrent of if I'm gonna over go overseas it has to be cheaper I have to to save money I remember doing that the first time when I was first coming to Asia I went to to Cambodia and I stayed in this not terrible hotel but it wasn't great because I'm like well I'm going to Cambodia I'm sure is that not gonna spend you know any kind of decent money I'm gonna get something that's really cheap and I'm gonna absorb this cheapness when in reality I'm all about now how do I get the most out of my life how do I get the most value for my dollar and if I can be in Kuala Lumpur spend a lot less than I would spend living in the United States have a much better tax and lifestyle situation much better weather than most people in United States much better air connections just everything is much more livable in my opinion and occasionally I'm going to pay more for some things occasionally for alcohol you know if I want to have a beer it's gonna cost me eight bucks such as the price of admission I called the Nomad tax there are some things overseas they're gonna cost more but I'm not gonna judge a place based on the price of alcohol because at a certain point you know if you make let's even say you make a quarter of a million dollars a year and moving to kuala lumpur can save you you know ninety thousand dollars in taxes that's a lot of beers that's a lot of paying an extra two or three dollars for that beard that gets you up to eight dollars and so don't miss the forest for the trees sometimes paying a little bit extra for some things is just how it's gonna go and it's not something that you want to get hung up on hi I'm Andrew Henderson from nomad capitalists I wrote this book which you can find on Amazon to distill a lot of the stuff we talk about in these videos and a lot of the stuff I've learned over the last decade plus traveling all around the world teaching you about how to legally reduce your taxes build your personal freedom and create wealth faster definitely get a copy of this book if you want to learn more now if you want to watch more videos make sure you subscribe to our Channel and make sure you click the notifications bill so you never miss one of our new videos with more tips on how to go where you're treated best and if you're already a six or seven figure entrepreneur and you'd like to put these strategies in place for yourself go to Nomad capitalist calm and learn about how I can help you

  1. i quit drinking in KL – honestly alcohol is just a burden on your psyche. it really makes it easy with everyone else not drinking as well. if you want to drink in malaysia – go to langkawi – probably the easiest and cheapest place to get drunk in SEA.

  2. I Dont smoke really, but try using cigarette prices(primarily Marlboro packet of 20s) to index a countries average pricespan… Worked for me most of the time, better than alcohol cause religion has to do with that most of the times aswell… Packet of Cigarettes, europe average 7euros, Vietnam 1,20euros, South Africa, 3euros approx & Australia about 16 is what I heard…. Says alot about prices to live in these countries most of the time ;)!

  3. Doesn't that depend on how much alcohol they drink?? I don't drink alcohol, so I can laugh about it. This reminds me, though, of a time a financial guy advised people on his list to drop subscriptions and to just pay for individual things they really wanted. He made the mistake of giving Netflix as an example and caught a ton of flak because many readers evidently watched a lot of Netflix. (I don't watch Netflix either, so I can laugh about that too.)

  4. Hi Andrew and Nomad crew. I just wanted to let you know that the EU just signed a free trade agreement with Mercosur (Argentina, Brazil, Paraguay, Uruguay). This could mean a good business opportunity for you and your clients!

  5. Andrew
    Like you said, your Clients are 6-7 figures and up. The ones that are complaining are not your type of Client.

    There should be no complaints even if the person chooses HK or Singapore that are massively expensive. That is their choice and your choice if you live there. That person, if structured right, will not be so petty that they complain, because they are happy they are saving a huge amount on Taxes.

  6. I care more about the quality of the local beer. Germany to Belarus, Estonia south to Greece. Good quality local brews all over that area.

    Oh and Russia has one I like too. "Old Bobby" brown ale. Stay away from Baltika though, tastes like it's made from Moscow river water.

  7. seattle prices are higher for going out for beer and liquer 30 for a grande margeritta i'll hang with you any time

  8. Damn I'll make sure to stop doing this. Definitely thought North Korea was better than Hong Kong because of this. Now I know.

  9. I have the Ben & Jerry's Index. I judge places by how much I can buy a quart of Ben & Jerry's ice cream in the grocery store. Do I use it to actually decide where I travel to? Not at all, many more important factors to consider. I just do it for fun!

  10. Alcohol prices in Malaysia don't get a "Nomad tax" but rather a "Muslim tax", Muslim people look down on alcohol consumption so they expect the foreigners to pay ridiculous prices for this "sin", so I don't drink while in Malaysia, it just doesn't make sense.

  11. After spending a decade in Hong Kong literally everywhere now seems cheap to me. Although you can get a beer for around 5/6 dollars on happy hour.

  12. Anything that is imported from outside the country (any country) will [also perhaps] cost more than buying it from the land of sky blue waters (for example). So if you're going east like I did and you expect to live like you're 'home', expect the bill to be higher.

    Working toward being one of the ideal clients from the East side. 🙂

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