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What does it take to walk away from the life you spent 30 years building? Adam Hudson, Australian entrepreneur and host of the Unemployable podcast, sold up three years ago and got a Plan B residency in Panama.
Michael and Adam talk about the taxes that pushed him out, including Australia's view tax and an IRS letter threatening to seize all his assets. Adam explains the difference between Plan A, Plan B and Plan C, and what getting Panama residency was like from the inside.
He's also honest about the year he lost to the wrong country first, and tells anyone weighing up their own way out where to start.
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⏱️ TIMESTAMPS:
00:00:00 – Intro
00:01:23 – Why the West Is in Decline
00:05:09 – Australia's View Tax
00:11:28 – Running a Business from Panama
00:18:42 – What Australians Really Pay in Tax
00:22:24 – Why Adam Chose to Opt Out
00:32:16 – Plan A, Plan B and Plan C Explained
00:37:28 – Getting Panama Residency Step by Step
00:42:36 – Life Between Europe, Bali and Panama
00:53:41 – First Steps Towards a Plan B
01:00:13 – The Hard First Year After Leaving
01:04:40 – Adam's Unpopular Opinion
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❗DISCLAIMER:
This show is for entertainment purposes only. Before making any financial or legal decisions, consult a professional.