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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

Jul 22, 2022
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Income Types

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Happy Friday and a big welcome to all new subscribers, thanks for subscribing.

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.

Twitter avatar for @beyondmoney__
⚜ Ed on Wealth Beyond Money @beyondmoney__
Comparing the Cost of Living Around the World
visualcapitalist.comComparing the Cost of Living Around the WorldThis graphic compares the cost of living and purchasing power of 578 cities worldwide, using New York City as a benchmark for comparison.
6:34 PM ∙ Jul 12, 2022

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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