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       How to Build Wealth Living Overseas

      Third Edition

       Andrew Hallam

      Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

      Published simultaneously in Canada.

      No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per‐copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750‐8400, fax (978) 750‐4470, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748‐6011, fax (201) 748‐6008, or online at http://www.wiley.com/go/permission.

      Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. Further, readers should be aware that websites listed in this work may have changed or disappeared between when this work was written and when it is read. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

      For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762‐2974, outside the United States at (317) 572‐3993 or fax (317) 572‐4002.

      Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic formats. For more information about Wiley products, visit our web site at www.wiley.com.

       Library of Congress Cataloging‐in‐Publication Data:

      Names: Hallam, Andrew (Teacher), author. | John Wiley & Sons, publisher.

      Title: Millionaire expat : how to build wealth living overseas / Andrew Hallam.

      Other titles: Global expatriate's guide to investing

      Description: Third edition. | Hoboken, New Jersey : Wiley, [2022] | Includes index.

      Identifiers: LCCN 2021044853 (print) | LCCN 2021044854 (ebook) | ISBN 9781119840107 (paperback) | ISBN 9781119840152 (adobe pdf) | ISBN 9781119840145 (epub)

      Subjects: LCSH: Finance, Personal. | Investments. | Retirement income—Planning.

      Classification: LCC HG179 .H238 2022 (print) | LCC HG179 (ebook) | DDC 332.024—dc23

      LC record available at https://lccn.loc.gov/2021044853

      LC ebook record available at https://lccn.loc.gov/2021044854

      Cover Design: Wiley

      Cover Images: U.K. passport © Jeff Fullerton/Getty Images; U.S. Passport © S.Perry/Getty Images

       Only a fool would take his wife on a multi‐month cycling tour…while trying to write a book. An even bigger fool would attempt the same thing during a 17‐month adventure in a camper van (trying to drive from Canada to Argentina). I have done both. Note to all single women: if you believe your future spouse might try such a stunt, run. Fortunately for me, my wife didn't just stick around she helped with every aspect of this book's production (and every other book I've written). Named after the Hawaiian fire goddess, Pele sometimes spewed lava in my general direction while I pretended it was normal to write books from bicycles and vans. And although I'm not fully rehabilitated, I'm a better man for it. So Pele Hallam‐Young, this book is dedicated to you. You're amazing. I love you more every day.

      If I were hit by a bus, I can imagine my wife eventually venturing back onto the dating scene. But I'm pretty sure she wouldn't date a writer. I can hear the checklist in her head right now: adventurous, check; handsome, check; caring, check; intelligent, check; writer…oh shit. Writing is an anti‐social gig. The best part (for me, anyway) is gleaning stories from people that I can share and learn from. But then, as all writers do, I spend thousands of hours trying to make sense of it all. Only 0.01 percent of authors earn enough compensation to exceed a minimum hourly wage. I made that up. But it's probably true.

      So, I have to thank my wife, Pele Hallam‐Young, for helping me with this book. She encouraged me. She helped with

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