Flag Theory: How to Implement it into Your Expat Travel Plans

Implementing Flag Theory into your expat travel plans is one of the most significant things you should strive for in your lifetime. Most people trust their complete existence to the reality of the country in which they were born.

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What is Flag Theory?

To protect your liberty and a fulfilling life, forget about a life most people would describe as normal and diversify internationally.

It’s time to shift your paradigm.

Flag Theory is about planting flags in different countries, each serving a unique purpose and contributing to your overall well-being and success. It’s about not being tied down to the limitations of a single country or government. It’s about diversifying—not just your investments, but your life. For example, you can have citizenship in one country, residence in another country, and bank accounts in yet another country. Yes, offshore banking is legal. Offshore banking is opening a bank account in another country differing from your home country.

Flag Theory applies to any part of your life imaginable. You can set up a company in one country while your customers, employers, and employees are in another. You could own real estate in another country to capitalize on the cost of living. Do you leave a country with a harsh winter climate to spend time in the sun for an extended period? Yes? Then you are taking part in Flag Theory.  Flag Theory is not reserved for the elite. Why restrict yourself to one country when others are better suited for a specific aspect you care about?

You might be a citizen of Canada and Poland, residing in the United Kingdom but spending the summers exploring the castles of Germany, with bank accounts in Belize and the United States. You have a company in Portugal with your main customers in the USA, all the while frequently visiting other countries to enjoy what you value the most. Why not?

Lifestyle Flag

Your Lifestyle Flag is the essence of personal freedom and fulfillment. It’s where you find the lifestyle of your heart. Whether it’s lying on the beaches of Mexico listening to the waves roll over the sand, travelling back through time at the historical sites of Italy, or the adventurous, evergreen landscapes of the Azores, your Lifestyle Flag is about more than just pleasure; it’s about discovering a destination supporting your values, goals, and the life you want to live.

Remember to secure yourself by getting travel medical insurance when visiting your destination options. You should be interested because if you have health insurance at home, it most likely won’t cover you while you’re away. Travel medical insurance will ensure you’re covered in case of an emergency abroad. I recommend SafetyWing. They cover nomads in 175+ countries, with coverage starting at $56.28 per every four weeks. Learn more here.

Why Not Keep All Your Eggs in One Basket and Watch It Closely?

The actions of a few politicians can have an unwanted impact on your life. The past few years have shown we need to prepare for the unexpected. Those of us who lived in countries once viewed as strong and free came to the quick understanding how we took our personal freedom and economic prosperity for granted.

The above statements are a hard pill for some to swallow. Truth can be hard to hear. The good news is there are options for you. The time to prepare is now.

Is it Easier to Stay “Normal”?

It is certainly easier to be a Canadian, educated in Canada, living in Canada, employed in Canada, with bank accounts, portfolios and real estate in Canada, all your friends and family in Canada, only leaving Canada for your two-to-four-week holiday every year. Maybe you don’t even leave the country for vacation. But is this lifestyle better? Maybe easier, but not necessarily better.

First, you are missing out on what life has to offer. The world is vast. Restricting yourself to one nation and forgoing all the life-changing experiences and opportunities waiting for you somewhere else is a waste of time.

Second, by implementing Flag Theory, life becomes less fragile. If one of the countries in the above example implements something you find unsavoury, you now have a way to mitigate the risk. Switch out the pieces no longer beneficial to you and continue somewhere else. If you keep all your eggs in one basket, like in the above example for Canada, and the country makes changes you don’t like, you have big problems. Your whole life will be turned upside down and it is likely too late to avert the damage. Such damage is unnecessary because you can take preparatory measures. Do not subject yourself to the unnecessary worry of an apocalyptic crisis around the next corner. Take a step and prepare for the possibilities. One day, you will be glad you have done it.

Third, I also invest in SafetyWing because it offers protection when travelling and covers me in case of an emergency abroad. They cover nomads in over 175 countries, with coverage starting at just $56.28 per 4-week period. Protect yourself here.

You Do Not Have to Go to the Edge of the Cliff

Start step by step. But start. It all comes down to your preferences. Do not spend your next holiday in a tourist trap. Choose somewhere less traditional like Honduras. Expand your view of the world by visiting lesser-known countries. You will likely be pleasantly surprised by what you discover from the locals and their culture.

When you travel, you will see how other countries handle issues better than your home country. Why not partake now if issues are handled better elsewhere? Do you want to postpone all your dreams until retirement? Will retirement exist in the future as we understand it today?

Diversifying internationally is not as comfortable and convenient as basing your entire life in one country. However, it is more rewarding in the long term, regardless of what happens. You can be sure the 21^st century has a lot of positive and negative surprises to offer. Give yourself flexibility to weather these ever-changing environments. Make your own decisions.

The Freedom Advantage of Flag Theory

When borders were closed in 2020, people with multiple citizenship and/or multiple residence permits had a spectacular advantage with a choice in which nation to return to or stay.

The future is uncertain. Travelling may become harder, but not impossible if you have a second passport or residence permit. Current fiscal and monetary policies being followed by most countries will have devastating effects in the long term. Where do you want to be when the next big recession happens?

Rather than take a serious hit to your personal life and financial situation if an event of worldwide implications were to happen, start prepping now. Throw old beliefs and solutions out the window and don’t look in the rearview mirror. Adapt to new surroundings, which will be much easier if you have taken some precautions with the help of Flag Theory. There will always be options and opportunities waiting for you somewhere. Embrace the essence of Flag Theory.

Flag Theory Summed Up

Try to get as many citizenships as possible. More citizenships are not bad for you, and they are not unpatriotic. More is better. If you have the citizenship of two or more nations, you are enhancing your freedom. It is all about autonomy. The less you rely and depend on one country the better. A smart combination can allow you visa-free access to almost any country in the world. The option to permanently reside in many different places if you want has the potential to improve your circumstances. In case one of the countries you hold citizenship in implements laws regarding freedom of travel, military conscription, or worldwide taxation, move on and be happy you have taken precautions instead of being stuck with an undesirable situation.

How Liberty Travel Coach Can Help You Implement Flag Theory

Realize you don’t have to continue to live in a country because you were born there. There are other ways to live that are healthier, happier, more affordable, and more fulfilling. Together, we will discover your courage to move to another country because that step can be scary. Other people in the world think like you do and they want you to come and live with them to build a thriving community.

My complete Signature Liberty Package includes:

• 1:1 Coaching
• Destination Starter
• Visitation & Discovery
• Relocation
• Exclusive Integration
• Residency

Join A Case for Freedom Fridays today to learn more about the packages I offer because your liberty depends on it.

The information provided in the Liberty Travel Coach blog does not constitute legal, tax or financial advice. It does not take into account your particular circumstances, objectives, legal and financial situation or needs. Before acting on any information in the Liberty Travel Coach blog you should consider the appropriateness of the information for your situation in consultation with a professional advisor of your choosing.