The 12-Week MBA Chapter 7: Cash Flow and Working Capital Part 2 - Managing the Cash Gap
Your company is profitable on paper but bleeding cash in real life. How does that happen? And more importantly, how do you fix it?
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Nomad Capitalist Chapter 9: Offshore Companies - Choose Your Own Tax Rate
Henderson is walking along Port Hercule in Monaco, looking at yachts. He notices something interesting. Every boat has its country of registration on the back. The big yachts are registered in the Cayman Islands, Malta, Marshall Islands. The small ones are registered in France.
The 12-Week MBA Chapter 7: Cash Flow and Working Capital Part 1 - Why Growing Companies Go Broke
What if I told you that the fastest way for a profitable company to go bankrupt is to grow really fast? Sounds backwards, right? That is exactly what this chapter is about.
Nomad Capitalist Chapter 8: Offshore Banking - In Other Words, Just Being Smart
Henderson walks into a Romanian bank. He has his passport. That is it. Twenty-five minutes later he has a fully functional bank account. The banker, Teodora, looks at him like he is crazy when he acts surprised. “Why would it not be easy?” she asks.
The 12-Week MBA Chapter 6: Cash Flow Basics - Profit Is Not Cash
Here is a sentence that will surprise exactly nobody who has ever checked their bank account after payday: just because you earned money does not mean you have money. Companies work the same way.
Nomad Capitalist Chapter 7: Nomad Healthcare - Go Get a Big Mac (Seriously)
“Go eat at McDonald’s. Get a Big Mac.”
That was actual medical advice. From an actual doctor. In an actual hospital.
The 12-Week MBA Chapter 5: The Balance Sheet Part 2 - Reading Between the Lines
Your food truck is doing great. Cash is piling up, debt is going down, and customers love your grilled cheese. Time to expand. But expansion changes everything on the balance sheet, and not always in ways that feel comfortable. This is post 7 in my 12-Week MBA retelling series.
Nomad Capitalist Chapter 6: Love and Family on the Road - Is This Only for Single Young Men?
“Where did your mother go into labor?”
That is how Pete Sisco, an internet business owner and long-time nomad, greeted Henderson on a Skype call from Hanoi. It was his little libertarian calling card. A cheeky way to remind people that their entire identity, taxes, passport privileges, and life trajectory got decided by one random event. Where your mom happened to be when you showed up.
The 12-Week MBA Chapter 5: The Balance Sheet Part 1 - What a Company Owns and Owes
Here is a question that sounds simple but trips up most people: how do you know if a company with $175 billion in debt is in trouble? The answer might surprise you. This is post 6 in my 12-Week MBA retelling series.
Nomad Capitalist Chapter 5 Part 2: The Real Cost of Giving Up Your Passport
In Part 1 we covered why people consider renouncing US citizenship. The reasons range from philosophical identity issues to brutal financial realities like $330,000 annual tax bills. Now Henderson walks us through how renunciation actually works, what it costs, and what life looks like on the other side.