2023-08-29 17:55:32
Wealthy Norwegians relocate to a Bitcoin city in Switzerland.
This is today's frontpage of the biggest financial newspaper in Norway.
The headline reads:
"65 HAVE MOVED IN ONE YEAR"
The news is that over the past 12 months, 65 of the most affluent Norwegians have moved from my country to Switzerland.
They moved because they understand simple arithmetics.
They are, for instance, able to calculate negative compounding interest.
This is basically the same as calculating how fast your wealth halves in value.
It enables you to find out if the taxes halves your wealth in for instance 10, 20 or 30 years.
For those who already own wealth, this is THE basic lesson.
So, the wealthy Norwegians did this calculation.
And they didn't like the answer.
And therefore they left.
Interestingly enough, many of them moved to the city of Lugano.
And what is Lugano?
It's the city that is trying to become Europe's Bitcoin capital.
Kjell Inge Røkke is one of the people who moved.
Few Norwegians, if any, own more Bitcoin than he does, through the company named Seetee.
Key takeaways:
1. Learn how to calculate negative compounding interest.
2. Choose the type of money you own and use, and where to live wisely.
3. And read up on Bitcoin
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