• richer than you

    From JAB@21:1/5 to All on Wed Jul 31 10:59:01 2024
    1 in 7 adults is a millionaire in Switzerland.

    That's 5x higher than the US.

    I had to find out their wealth-building habits.

    7 ways the Swiss think about money to become richer than you

    What's the Swiss secret-- is it all about banking and neutrality?
    ...
    ...
    They automate 20-30% of their income into savings BEFORE touching it.
    ...
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    They typically use 3-5 different banks for various purposes:

    Local bank for daily transactions
    Private bank for wealth management
    International bank for foreign exchange
    ...
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    You won't see Swiss millionaires flaunting designer logos or exotic
    cars.

    They live below their means and reinvest the difference.
    ...
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    They diversify globally, not just in assets, but in residency and
    citizenship.

    Many have second passports or residencies in other countries because
    it opens more financial opportunities & tax optimizations.
    ...
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    So, what can we learn from the Swiss millionaire mindset?

    Automate your savings
    Live below your means
    Invest in high-value skills
    Think long-term and globally
    Diversify across banks and borders

    The path to wealth is a marathon


    https://x.com/darshan/status/1818300764923826218

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