Cameron Herold moved to Dubai to eliminate personal income, capital gains, and dividend taxes, arguing that tax-free living dramatically accelerates wealth compounding. He urges founders to deliberately choose where they live instead of following ancestral patterns, then reminds that death rates stay at 100% regardless of how much you accumulate.
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I'm now no longer a resident of Canada. I'm a resident of Dubai. My company is based in Dubai, so I've now hit kind of an economic free zone that I don't pay tax anymore legally. I'm above board tax-free where I don't pay personal tax, no capital gains tax, no dividend tax. So I've hit this kind of like economic trajectory where the compounding is just so massive. So I would tell people to look for ways to and places to have life by design, that many of us ended up where we're living because our great-grandparents or our grandparents moved here. But we can live anywhere and be anywhere and be global. You know, that's something to consider. But I think the big one is none of this matters. The death rate is still 100%. Like, we're all going to die, right? This is just what we're doing to make a buck and take care of each other and have fun along the journey, because at the end of the day, we're all going to die.