Quit $100k+ Private Equity to Move to South America, Does $1m Tax Business Now

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In Episode #216, Nathan speaks with Vincenzo Villamena, the founder of OnlineTaxman.com, the best resources for U.S. Expats looking to stay on the good side of the IRS. Listen as Nathan and Vincenzo discuss Private Equity in-depth, moving to South America, and starting OnlineTaxman from scratch.

Famous 5

  • Favorite Book? – The 4-Hour Work Week
  • What CEO do you follow?— Elon Musk
  • What is your favorite online tool?— Solve 360
  • Do you get 8 hours of sleep?— No
  • If you could let your 20 year old self know one thing, what would it be?—Don’t get a job, just pursue your dreams and ideas

Time Stamped Show Notes:

  • 01:06 – Nathan’s introduction
  • 01:52 – Welcoming Vincenzo to the show
  • 02:00 – Making money selling candy
  • 03:30 – Talking PwC and the Big 4 in general
  • 04:45 – Got into Private Equity for the money
  • 05:28 – Getting paid in Private Equity
  • 06:00 – Bonuses were highly discretionary
  • 06:30 – Talking about “Carry”
  • 08:15 – It’s all about networking
  • 09:00 – Describing a private equity deck
  • 09:43 – The balance between hardcore numbers and noise
  • 11:00 – Describing IRR (investment rate of return)
  • 11:28 – Generally in Private Equity you can expect to lock up your money for 5 years
  • 13:55 – Moving to South America
  • 14:39 – Living in Argentina and discovering the tax opportunity for Ex-Pats
  • 16:05 – Clients around the world
  • 16:24 – In January 2016, did $40K in revenue and close to $1M for the year
  • 17:00 – 7 employees, all virtual
  • 17:25 – Vincenzo@OnlineTaxMan.com

3 Key Points:

  1. Go for your dreams—not a “job”—from day 1.
  2. Do NOT make a decision purely for the money.
  3. You can have a company that is completely virtual.

Resources Mentioned:

  • Host Gator – Powerful web hosting made easy and affordable.
  • Carry – Share of profits paid to investment manager
  • PwC – Pricewaterhouse Coopers
  • Show Notes provided by Mallard Creatives

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