Why One Australian Got a Plan B Residency in Panama

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What does it take to walk away from the life you spent 30 years building? Adam Hudson, Australian entrepreneur and host of the Unemployable podcast, sold up three years ago and got a Plan B residency in Panama.

Michael and Adam talk about the taxes that pushed him out, including Australia's view tax and an IRS letter threatening to seize all his assets. Adam explains the difference between Plan A, Plan B and Plan C, and what getting Panama residency was like from the inside.

He's also honest about the year he lost to the wrong country first, and tells anyone weighing up their own way out where to start.

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⏱️ TIMESTAMPS:

00:00:00 – Intro

00:01:23 – Why the West Is in Decline

00:05:09 – Australia's View Tax

00:11:28 – Running a Business from Panama

00:18:42 – What Australians Really Pay in Tax

00:22:24 – Why Adam Chose to Opt Out

00:32:16 – Plan A, Plan B and Plan C Explained

00:37:28 – Getting Panama Residency Step by Step

00:42:36 – Life Between Europe, Bali and Panama

00:53:41 – First Steps Towards a Plan B

01:00:13 – The Hard First Year After Leaving

01:04:40 – Adam's Unpopular Opinion

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Follow Michael on X: https://x.com/theothermjordanFollow Adam Hudson on YouTube: https://www.youtube.com/@UnemployableMedia

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❗DISCLAIMER:

This show is for entertainment purposes only. Before making any financial or legal decisions, consult a professional.