What if you could legally pay zero taxes while building wealth around the world?
In this episode, Gary sits down with Mikkel Thorup, the world’s most sought-after expat consultant and the Founder and CEO of Expat Money. Mikkel has spent more than 25 years traveling to 120 countries, living in 9 of them, and building a thriving international consulting firm that helps high-net-worth clients reduce taxes, secure second residencies, and build global investment portfolios.
He breaks down the truth behind the Foreign Earned Income Exclusion, why residency matters more than people think, how offshore banking protects you from government freezes, and what countries offer the most favorable territorial tax systems. Mikkel also shares his personal story of overcoming dyslexia, dropping out of school, and designing a life and business that spans the globe.
 This conversation gives you the facts that most professionals never learn. If you have ever wondered how wealthy people legally reduce taxes, diversify risk, and expand their options beyond the United States, this episode opens that door.
Key Takeaways→ Understanding the two global tax models and why the United States is unique in taxing citizens, no matter where they live → How the Foreign Earned Income Exclusion works and the difference between the physical presence test and bona fide residency → Why offshore banking is an essential part of a financial plan B, and when it protects you from domestic account freezes → What territorial taxation means and why countries like Panama, Costa Rica, Paraguay, and Belize attract entrepreneurs → How active income and passive income differ for expats and how classification affects legal tax reduction → Why obtaining legal residency or a second citizenship is the foundation for any global tax strategy
Quote From Mikkel Thorup“I tell everybody this. You can legally pay less tax, invest globally, and increase your freedom, but you must follow the rules and structure your life correctly. That is the real secret.”Ready to explore tax reduction, global residency, or international investments? Connect with Mikkel at <a href="https://expatmoney.com/">ExpatMoney.com</a> to access his newsletter, resources, and consulting options.
Catch every new episode of Grow Your Business & Grow Your Wealth with Gary Heldt wherever you listen to podcasts.

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Episode 295: How To Pay Zero Taxes Legally & Build Wealth Overseas

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