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Sunday, May 1, 2011

389. Prepare for Exile

Be prepared to embrace exile. If the political, social or economic climate becomes intolerable, have contingency plans in place to move yourself and your assets out of the juristiction in an orderly fashion, speedily and with a minimum of loss or fuss. Revisit these plans every year and keep them up to date. Using your values and hierarchy of values, establish break points for yourself, at which your decision to move will be made. e.g. if the tax rate goes to 50% or if certain laws are passed that would prevent you from doing what you are legitimately entitled to do. These break points will keep your mind clear on these issues. Be clear and clear and clear.

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