The Favourite of the Millionaires This item was sourced 

I dare you to find a millionaire who hasn't read most of W.G. Hill's $100 "special reports," even if you won't find him on any best seller lists.
Hill's Understated Charm — Within the realm of book publishing, the name W.G. Hill is not often tossed about. There isn't a single literary group that has ever debated any of this author's twenty or so books. However, Hill has been a major player in the offshore finance industry for the past 30 years, particularly among accountants, high net worth individuals, bankers, and financiers.

"Perpetual Tourist," or P.T., is his best-known work. This is not a travel book, despite what the title might suggest. The focus is on how the well-off can augment their quality of life with the right documentation. The idea is "How to have a good time with your money, but at the same time avoid unwelcome attentions that conspicuous consumption and high profile wealth always bring." Some of these drawbacks include unexpected visitors from tax collectors, insurance salespeople, attorneys who take contingent fees from plaintiffs, ex-wives who want alimony, kidnappers, and robbers. I won't even begin to list all the ways con artists operate.
Are millionaires involved in these issues? The success of Hill's books suggests that this is the case. According to EW, the real Hill is currently conducting fieldwork on female gaucho wranglers in Patagonia and was a self-publisher in the 1970s. He advertised his books as "Special Reports" in the London-based Economist and International Herald Tribune. Unfortunately, he could not be reached for an interview. Surely Sir Harry Schultz, the newsletter expert, had enough money or book sales to live comfortably since he was one of his early admirers. The newspaper PT reports that "I spent my first few years as a tax exile at the Monte Carlo Beach Hotel, interacting with hard-bodied, high maintenance cost divorced women who in their topless bikinis populated Riviera pool sides like motes in the sunshine."
Hill's books consistently included an offer of his personal assistance to help readers achieve the goals outlined. For example, in 1975, he claimed in Lloyd's Report that readers would "make serious money without any investment, work or risk." It took another twenty years before many Lloyd's names actually suffered substantial losses. Hill subsequently commented, "If people handled their Lloyd's relationships as I suggested (with stop loss insurance) they came out way ahead." If Hill wanted to bring in new names to Lloyd's as insurance underwriters, he would demand a hefty penny.
Around 1985, Nicholas Pine finally published Hill's manoeuvres once they were picked up. Pine was formerly doing business out of Plymouth, England under the name Milestone Press. He published books for pottery collectors, but he was a modest publisher. A thousand copies was their usual press run before Hill. Hills' books for millionaires quickly became a smashing success, and Milestone hit the jackpot. Under new ownership, Pine rebranded his firm as Scope International. At the time of his departure, one ex-employee disclosed that sales of more than 100,000 copies of each Hill book would have been considered "a low ballpark figure." Gross sales of Hill's books surpassed one hundred million dollars a few years ago, with ten novels being huge sellers and a direct mail pricing of sixty or one hundred dollars per book. The majority of our income goes straight to the bottom line since we are direct marketers that sell through advertising and junk mail. The public does not have access to book sales numbers (via bookshops), but this could indicate that obscure publisher Scope is, by publishing the writings of a mysterious guy who vanished a decade ago, the most lucrative book publisher in the world.
But Making Money From Books Is Just the Beginning -- A specific product or way of life is detailed in every Hill report. If the reader is serious about making it happen, he can employ Hill or, more lately, a Hill clone, for as much as $10,000 for a consultation. According to our source, 20% of book purchasers end up paying for consultancy services. On top of that, there are residence and passport programs that can cost as much as $350,000, as well as foreign seminars that cost $2000. According to the Hill books, millionaires can spend their money on "lifestyle enhancing" items and services through Scope, which will allow them to enjoy their money more.
Everything that Hill writes is based on the central idea that any affluent person can live better and safeguard their riches by adhering to what he terms the "five flags."
The Five-Flag Hypothesis
For example, the first flag represents a nation that does not attempt to impose taxes or control on its citizens once they leave the country. Unless it's a US passport, any passport will do, says Hill. Their citizens are required to relinquish one and obtain another. Why? No nation taxes the global income of nonresidents save the United States. Additionally, it's the only nation that uses criminal penalties for actions committed by its residents while overseas as a means of monitoring their morality and behaviour. Among these are engaging in sex with a prohibited partner, visiting restricted locations, and paying small bribes.
At least one other book backs up every "Flag" that Hill has. One example is: In his best-selling book, Hill argues that all PTs should have access to a passport that allows them to travel visa-free and doesn't break the bank. Extending over four hundred pages, the PASSPORT REPORT delves into the possibilities "in over 125 countries and political subdivisions."
Hill claims that every multimillionaire should have a Tax Haven Legal Residence, which brings us to our second point. Scope then follows up on this idea with a plethora of regional stories covering locations including Switzerland, Andorra, Gibraltar, the Isle of Man, the Channel Islands, Campione, Liechtenstein, and Monaco. By removing income taxes, relocating to one of these tax havens effectively doubles one's income.
The Playgrounds flag indicates a place where a cynical tycoon might relax in pleasant weather while feasting on delicious cuisine. The company of lovely young women (temporary spouses) pressed upon him—where can he find it, if he wants it? Who would be happy to give him the impression of affection, if not the real thing, for a little money. Hill thoroughly addressed this facet of the millionaire's predicament in her contentious book, Sex Havens For Tax Fiends. The report was removed from the publisher's list two years ago due to legal issues caused by British censorship and obscenity laws, notwithstanding its immense popularity.
As for the fourth flag, it represents the nations and organisations where the millionaire puts his money to work for him, ensuring the highest possible profits while shielding it from legal action, government seizure, wealth taxes, and any other financial woes or dangers. This issue is finally resolved in the most recent Hill/Trevellian book, The Invisible Investor, published in 1997, with the subtitle, "Get Your Money Out of the Country Before Your Country Gets the Money Out of You." We go swimming with the service providers in the "offshore" realm here. The Cayman Islands, Panama, Bermuda, and the Bahamas are among the places investigated for their role as financial havens.
The final and fifth indicator is this: Where Can I Find Gainful Employment And Maintain An Active Business? An option that has been suggested for citizens of the United States is to form a company overseas, with the headquarters, administration, and invoicing handled remotely. Then, while keeping an eye on the vital American market, sell your items globally. Also published in 1997 is PTO: Portable Trades & Occupations, which readers can refer to if they don't have enough savings to retire comfortably. The point is to lay out a dozen different strategies that anybody may use to make "serious money" abroad, regardless of whether they have a work or residence permission or not. Promotion of events, consulting, seminaring, public speaking, and creative activity (writing, self-publishing, etc.) are all examples of such strategies. Hill ought to be well-versed on that!
IS THERE A HILL?
An someone known as Hill would often make cameo appearances at Scope's lectures while dressed in a variety of disguises and wigs. Countless years have passed since he vanished. The original Hill was said to have passed away, retired, or gone into hiding in the Far East, according to different reports. It appears that Hill and Scope had an argument, and Hill just departed.
Some claim that Hill's books published in the '90s lack his signature wit and directness. Though they continue reissuing and selling an increasing number of his older titles, Scope remains silent over what became of the Original Hill. Every year, new and improved editions hit the market. One thing is certain: the original Hill, assuming he ever existed, hasn't written a book in a decade.
TREVELLIAN: A DESERVING HILL SURVIVOR?
Two new books, PTO and Invisible Investor, have been published recently by Peter Trevellian, who was Hill's editor and friend in the past. The reports round out Hill's initial plan: "To present a coherent philosophy for productive, successful people, together with specific, highly detailed plans for achieving their goals." (The Complete Set, 2014). Doing this has unquestionably allowed Scope, Hill, and Trevellian to carve out a lucrative niche for themselves.
The Expat World Newsletter (http://www.expatworld.net) published this article.
Oh my goodness!

Location:

Share :