Global Wealth Strategies W/Mikkel Thorup
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Episode Description
Welcome to the On The Rise Podcast! In this episode, Jeremy sits down with Mikkel Thorup, one of the world’s leading expat consultants, to break down how high net worth investors can legally reduce taxes, gain second residencies, and build diversified portfolios across multiple countries. Mikkel explains his signature “Four Plus One” framework, covering immigration, real estate, asset protection, tax reporting, and lifestyle alignment.
He also demystifies concepts like offshore banking, second residencies, dual citizenship paths, and what it truly means to become an expat. From investing in timber plantations and agricultural land to selecting politically stable, inflation-resistant countries, Mikkel offers a masterclass in global wealth protection. Whether you're exploring Plan B options or looking to build a fully international lifestyle, this conversation provides the foundation to get started.
Summary
Tip #1: Understand the “Four Plus One” Framework
"Lifestyle is the thread that ties it all together."
Mikkel’s system helps investors structure
immigration, offshore real estate, wealth protection, tax reporting, and lifestyle preferences as one cohesive global strategy. Instead of reacting to circumstances, investors create a long term blueprint for freedom.
Tip #2: Know the Difference Between Residency and Citizenship
"Citizenship is amazing, but it’s hard to get."
Permanent residency is the true starting point because it allows you to live, work, and do business in another country indefinitely. Citizenship often becomes an option later, after meeting residency timelines and requirements.
Tip #3: Choose Countries with Stability, Safety, and Favorable Tax Laws
"There’s no point going somewhere with zero tax—but it’s a war zone."
Popular second residency destinations include Panama, Costa Rica, and Paraguay for their stability, lifestyle, and investor friendly systems. Latin America often provides stronger freedoms and lower taxation compared to Europe or Asia.
Tip #4: Invest in Tangible, Real Assets Overseas
"Tangible assets have the ability to keep up with inflation."
Timberland, agricultural land, and affordable pre-construction real estate create strong cash flow and appreciation without relying on leverage. Many properties in Latin America offer double digit returns with significantly lower risk.
Tip #5: Avoid Overleveraging at All Costs
"We don’t do anything with leverage."
Mikkel teaches clients to invest using affordable, cash based purchases rather than financing. This reduces risk, avoids going underwater, and maintains full ownership control during downturns.
Tip #6: Be Willing to Learn and Do the Work
"You need to understand these things—it’s about personal responsibility."
International investing requires effort, curiosity, and due diligence, but the payoff can be substantial. Those willing to travel, learn local markets, and build relationships gain an advantage that others never access.
Tip #7: Combat Financial Illiteracy with Real Education
"I’ve read more than 2,000 books and apprenticed under top lawyers."
Mikkel’s worldview was shaped not by textbooks but by mentors, real world experience, and staying curious. His approach encourages investors to build literacy through study, travel, and experimentation.
Tip #8: Start Your International Plan with Three Simple Steps
"If you can do these three things, you’ll be in a very good position."
Obtain a permanent residency
Buy a second home or small apartment
Set up an offshore bank or precious metals account
These give you the legal right to stay, a physical base, and secure access to capital.
Tip #9: Precious Metals Provide a Flexible Global Hedge
"You can sell it or take a loan against it."
Allocated and insured offshore vaulting gives investors liquidity without triggering taxable events, while protecting wealth from inflation.
Tip #10: Perception Is Not Reality—Travel to See the Truth Yourself
"Unless you’ve been there yourself, your perception might not be the reality."
Countries like Colombia, Paraguay, and Brazil offer incredible opportunities despite outdated public perceptions. On-the-ground experience is essential.
Resources and Links
Guest Website
Expat Money – https://expatmoney.com
Newsletters
General & Country Specific Newsletters – expatmoney.com
Precious Metals – expatmoney.com/gold
Podcast
The Expat Money Show – available on all major podcast platforms
Social Media
Instagram – @expatmoney
Twitter/X – @ThorupMikkel
LinkedIn – Mikkel Thorup
