Podcast Summary: Success Story with Scott D. Clary featuring Jeremy Savory
Title: Millionaire Migrant Founder | What Rich People Know That's Making Them Leave Everything Behind
Host: Scott D. Clary, Success Story Media
Guest: Jeremy Savory, Founder and CEO of Savory and Partners
Release Date: July 7, 2025
Introduction to Jeremy Savory and His Mission (00:57 - 01:43)
Scott D. Clary welcomes listeners to the episode by introducing Jeremy Savory, the founder and CEO of Savory and Partners, a leading firm in citizenship by investment. Jeremy has dedicated over a decade to helping high-net-worth individuals secure second passports, thereby unlocking global freedom and building generational security across borders. Scott emphasizes that Jeremy’s work goes beyond mere paperwork; it’s about redefining global belonging in a world segmented by national borders.
Notable Quote:
"Trusted by royal families, CEOs, and elite entrepreneurs, Jeremy isn't just selling paperwork. He's rewriting the rules of what it means to belong in a world divided by borders." – Scott D. Clary [01:31]
Understanding Sovereignty and the Desire for Autonomy (01:14 - 05:56)
Jeremy delves into the concept of sovereignty, explaining it as being unique and accountable to oneself. He highlights the growing dissatisfaction with current governmental systems, which leads individuals to seek alternatives like obtaining second citizenships or residencies. Jeremy points out that high-net-worth individuals are not against paying taxes but are frustrated with how their taxes are utilized, driving them to migrate to more favorable jurisdictions.
Notable Quotes:
"Sovereignty is about being unique to yourself, being answerable to yourself." – Jeremy Savory [00:48]
"The more poor decisions being made by governments around the world, more people are moving." – Jeremy Savory [01:31]
Jeremy elaborates on how countries are actively competing to attract capital and talent through various incentive programs, including citizenship and residency by investment. He explains that this competition is no longer just among companies but also among individuals seeking the best environments for their wealth and personal freedom.
Notable Quotes:
"Countries design programs to attract the world's best talent and capital." – Jeremy Savory [02:15]
"AI is also going to be another way that really empowers us to be able to make decisions, to improve our quality of life and feel that we've got control over our lives and not the state." – Jeremy Savory [05:56]
The Millionaire Migrant Phenomenon and Government Policies (06:20 - 25:34)
Jeremy discusses the exodus of millionaires from high-tax jurisdictions like the UK, driven by policy changes such as the cancellation of the non-domiciled status. This policy shift has led wealthy individuals to seek residency and citizenship in more tax-friendly countries like Italy, Spain, and the UAE. He explains how these individuals are not abandoning their sense of society but rather seeking environments where their wealth is managed more responsibly and benefits them directly.
Notable Quotes:
"We're seeing the largest migration of millionaires in history." – Jeremy Savory [06:20]
"People are finding that they don't have that sense of sovereignty." – Jeremy Savory [04:10]
He highlights specific examples, such as Americans moving to Portugal for its favorable tax programs, and the strategic relocations of high-net-worth individuals to countries that offer both tax benefits and high quality of life. Jeremy underscores the importance of resilience and adaptability in navigating these global shifts.
Notable Quotes:
"Citizenship by investment programs, residency by investment programs...make it as attractive as possible for the high net worth and talented digital nomads." – Jeremy Savory [02:23]
"Having a second passport is not going to fix your tax. Your residency or where your fiscal residency is, your tax residency is." – Jeremy Savory [49:31]
Personal Journey and Building a Global Business (26:32 - 44:43)
Jeremy shares his personal journey of becoming a millionaire migrant, detailing his early experiences traveling and working abroad. His adventurous spirit led him to seize opportunities in emerging markets, particularly in real estate, which became the cornerstone of his business success. He emphasizes the correlation between taking risks and achieving success, illustrating this with anecdotes from his move to Dubai and the relationships he built there.
Notable Quotes:
"We are successful when, in a sense, when we're comfortable." – Jeremy Savory [14:53]
"Bravery and fearlessness are key traits for succeeding in a blue ocean." – Jeremy Savory [15:56]
Jeremy recounts a pivotal moment when he moved to Dubai during Ramadan, facing initial challenges but ultimately finding lucrative opportunities and personal fulfillment. His story underscores the importance of stepping out of one’s comfort zone and embracing the unknown to unlock unprecedented growth and success.
Notable Quotes:
"I looked around the world and I know I have a team that advises all tax jurisdictions..." – Jeremy Savory [27:17]
"Nothing is as it seems. There is so much in the public domain that is not real." – Jeremy Savory [97:35]
Strategies for Investing Abroad and Optimizing Tax (44:43 - 58:12)
The conversation shifts to practical strategies for investing abroad and optimizing tax obligations. Jeremy discusses various residency and citizenship programs, emphasizing the need for thorough due diligence and strategic planning. He provides insights into specific programs like Portugal’s non-habitual residency and the UAE’s Golden Visa, highlighting their benefits for investors.
Notable Quotes:
"Savory and Partners is a 15-year-old, six-times government licensed agency accredited with six international governments." – Jeremy Savory [94:10]
"Living in a high tax jurisdiction, you're going to have to leave if you want to legally reduce those taxes." – Jeremy Savory [46:47]
Jeremy elaborates on the unique advantages of investing in Dubai’s real estate market, such as low borrowing rates and high returns, positioning it as an optimal location for wealth creation. He also warns about market saturation and the importance of selecting prime properties to ensure long-term value and stability.
Notable Quotes:
"In Dubai, you can borrow at 4%, and you can get yields of 7, 8, 9%, even 10%." – Jeremy Savory [58:10]
"You're getting emerging market returns but with developed market financial rigidity. It's a no-brainer, it's arbitrage." – Jeremy Savory [58:12]
Building Wealth through Resilience and Risk Management (58:12 - 87:18)
Jeremy and Scott discuss the importance of resilience and a healthy relationship with risk in building wealth. Jeremy shares his experiences with high-risk investments, including both successes and setbacks. He emphasizes the necessity of learning from failures and maintaining the courage to continue taking calculated risks despite uncertainties.
Notable Quotes:
"You need to have resilience because if you take risks, you won't get it right all the time." – Jeremy Savory [85:50]
"To get unorthodox returns, you've got to do unorthodox things." – Jeremy Savory [86:57]
Jeremy recounts a low point when a competitor set up a second passport company in the same office, forcing him to outlast the competition through perseverance and strategic adjustments. This story highlights the challenges of entrepreneurship and the importance of maintaining integrity and commitment under pressure.
Notable Quotes:
"Nothing is as it seems. There is so much in the public domain that is not real." – Jeremy Savory [97:35]
"If you really want to achieve something, there is no other way to succeed than hard work." – Jeremy Savory [97:35]
Key Lessons and Final Advice (87:18 - End)
As the conversation wraps up, Jeremy imparts crucial lessons learned from his journey. He advises aspiring entrepreneurs and investors to maintain integrity, manage risk wisely, and remain resilient in the face of challenges. Jeremy underscores the value of hard work and the importance of building a diversified and strategic approach to wealth creation.
Notable Quote:
"If you really want to achieve something, there is no other way to succeed than hard work." – Jeremy Savory [97:35]
He encourages listeners to seek opportunities globally, emphasizing that true wealth and success often require stepping beyond traditional boundaries and embracing a global perspective.
Conclusion
Scott D. Clary and Jeremy Savory conclude the episode by reiterating the importance of global mobility, strategic investment, and personal sovereignty in achieving financial freedom and building lasting wealth. Jeremy’s insights provide valuable guidance for high-net-worth individuals looking to optimize their financial strategies and enhance their quality of life through strategic relocation and investment.
Connect with Jeremy Savory:
- YouTube: Millionaire Migrant
- Instagram: Millionaire Migrant
- Company: Savory and Partners (www.savoryandpartners.com)
- Millionaire Migrant: YouTube Channel
Note: Always consult with a professional financial advisor or tax consultant before making any investment or relocation decisions.