Income Types
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Income Types
Comparing Cost of Living Around the World, The Network State by Balaji Srinavasan, One Quote and One Question
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Here is your weekly dose of Wealth Beyond Money Top 5 things on my mind.
1) One Wealth Beyond Money Idea
Not all types of income are the same.
Some income is location independent, some income is dependent on location.
Some income is highly taxed, barely taxed, or not taxed at all.
Some income is predictable and recurring, some income is sporadic.
Some income is time based, some income is value based.
My preference: location independent, untaxed, predictable, and value based income leaving my time for the things money can’t buy.
2) One Tweet
Great infographic comparing cost of living around the world.
3) One Thing I’m Exploring
The Network State: How To Start a Country by Balaji Srinavasan.
Choose your Leviathan: God, State, or Network. Started reading this new release and I can’t put it down. If you are reading things like this let me know.
This book introduces the concept of the network state: a country you can start from your computer, a state that recruits like a startup, a nation built from the internet rather than disrupted by it.
When the brand new is unthinkable, we fight over the old. That’s where we are today with governments, with politics, and with much of the physical world. But perhaps we can change that.
The fundamental concept behind the network state is to assemble a digital community and organize it to crowdfund physical territory. But that territory is not in one place — it’s spread around the world, fully decentralized, hooked together by the internet for a common cause, much like Google’s offices or Bitcoin’s miners. And because every citizen has opted in, it’s a model for 100% democracy rather than the minimum threshold of consent modeled by 51% democracies.
4) One Quote
Taxes are secular tithes and the Gov-fearing man is like the God-fearing man
5) One Questions For You
Am I willing to explore my beliefs around money that I take for granted?
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Disclaimer
Not financial, investing or tax advice. This newsletter is for information, entertainment and education purposes. Nothing in here is investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your professional advisors. Do your own research