In this edition of your Quarterly Wealth Advisory, I interview International Living’s Chief Global Diversification Expert Ted Baumann about the best and fastest pathways to overseas residency and banking.
The importance of international diversification was brought clearly into view earlier this month when three U.S. banks collapsed in the span of a week. There are now concerns that these failures could be early warning signs of a bigger crisis in the U.S. financial system, so this is an opportune moment to explore the diversification process.
A good diversification strategy involves two components: residency or citizenship in an overseas destination that offers a high quality of living, and wealth diversification through international banking and investments.
Getting these two elements in place might seem like a daunting task, but it can be a far easier (and more enjoyable) process than many people realize… especially when you have expert advice to guide you.
That’s exactly what Ted can offer.
A dual citizen of the U.S. and South Africa, Ted spent 20 years working for nonprofits, including serving as the Director of International Programs for Habitat for Humanity International, and has visited 90 countries.
Around a decade ago, he switched gears and started sharing his expertise in international diversification and wealth protection. Ted has been published in media outlets such as Barron’s and Forbes, and co-authored Where to Stash Your Cash (Legally) with his father and former U.S. congressman, Robert Bauman.
In this edition of your Quarterly Wealth Advisory, we discussed whether it’s getting harder for Americans to get overseas residency now that countries like Ireland and Portugal are scaling back their “Golden Visa” programs… the best places in the world where you can get overseas residency today… and the various ways Americans can safely and legally get bank accounts in foreign countries (sometimes without even leaving America).
