marioIT said:this whole "cheap" nomad life is a scam. It works when you're in your 20s and you're broke...
anything past that one should ask himself some questions.
It works even less when you're from one of those EU countries and are a citizen too.
You run away and have no financial trail... no bank will touch you.
Even worse if you're really broke and maybe got no decent healthcare.
Can't live a lavish lifestyle as you WILL stick out in many of the cheap places.
If you appears as poor you'll be fine in most of the world... start showing off, compete with locals and we'll see.
It's not for me. You could live on the cheap in EU too if you really wish... I just don't get these people that want to be rich in EU, but then seek for cheap places elsewhere 😕
It's horror movie stuff really...
Living on the cheap is not what I wake up everyday for.
This "3 months here 3 there theory", without having papers for it hoping the old country will not piss you off... it's just a recipe for nightmares these days.
The old EU country will just say: "to us you never left our country so you owes us 50k in taxes... after 50k it's a crime, so hurry up and prove us wrong now before interests and multiple years kick in!"
Have still italian and german friends that randomly get letters from their home countries for some random old taxes not paid or "random" mistakes that they have to fix... after like 5 years or more.
they've been company owners there. Once in the system it's not easy to get out, even after you wind up your company...
This is gold.
The so called "5 flags theory" is good for protecting your assets, it is not to be confused with the permanent tourist/traveler fantasy.
Today you need solid paper trails, substance, compliance and some taxes paid somewhere. Plus a plan B, C and D. Otherwise you are guaranteed to have troubles, sooner or later. Serious troubles. Because if you are left with no passport, an extradition order, bank accounts frozen and a criminal case to defend without money, you are at the mercy of the state mafia - ie: they will steal all your belonging before letting you go "free".
It's smart to live a modest lifestyle, also for your brain. Modest doesn't mean cheap though. It means not showing off, not fighting with locals and pay the "gringo tax" when needed, with a smile on your face. Remember that what's "modest" for a westerner, is "lavish" for a yellow/black local primitive who can at best afford a 5th hand moped.