Karen Sutton-Johal

Financial Success Coach, Author & Speaker #1 Amazon UK Money Book - The 4 Money Mindsets - London & the Peak District UK

[Karen Sutton-Johal @4moneymindsets]

Rich, Comfortable, Break-Even, In-Debt, which one are you? The 4 Money Mindsets by Karen Sutton-Johal https://t.co/SA9HTrxTPe via @AmazonUK

[Aria Radnia 🇮🇷 @ariaradnia]

Arguably the greatest investing meme ever made

[Karen Sutton-Johal @4moneymindsets]

@KirstieMAllsopp Absolutely spot on

[Karen Sutton-Johal @4moneymindsets]

@AhmedKaballo Spot on

[Karen Sutton-Johal @4moneymindsets]

@John_Stepek Spot on

[Karen Sutton-Johal @4moneymindsets]

@K_Niemietz LOL

[Ray Dalio @RayDalio]

https://t.co/Xpdl8fYoBg

[Amit Misra @amit6060]

@naval This is how trading works...

[Karen Sutton-Johal @4moneymindsets]

@DanielPriestley Perplexity all the time

[Politics UK @PolitlcsUK]

🚨 NEW: A co-founder of Monzo claims that with 2-3 years and a small team, ‘proven’ tech founders could automate ‘huge chunks of the government’

[Michael A. Arouet @MichaelAArouet]

If printing money was the solution, there would be no poverty in the world

[Paul Millerd @p_millerd]

If you like naval so much why are you still employed

[Karen Sutton-Johal @4moneymindsets]

St James's Place is no stranger to high fees, but its Polaris range has come under fire for charging seven times more than its competitor.

Source: CityAM https://t.co/FII5l5glRa

[Overlap: Business & Tech @Overlap_Tech]

Startup advice from Coinbase's Brian Armstrong

“You’re at the base of a mountain that’s shrouded in fog. You’re looking up and thinking ‘how do I get up?’ You can only see 3 or 4 steps ahead because of the fog. You have to just take steps into the unknown ... most people don't."

[Codie Sanchez @Codie_Sanchez]

You are paid exactly as much as the problems you solve are worth.

Harder, bigger problems = bigger $$$.

[Karen Sutton-Johal @4moneymindsets]

@Codie_Sanchez What a fabulous historian

[Codie Sanchez @Codie_Sanchez]

After you make your first dollar on your own, your life will never be the same again.

[Diarmaid McMenamin @dmmcmenamin]

@DanielPriestley Love this perspective!

Everywhere you look today, the media talks about who to vote for.

Vote for yourself, back yourself, and invest in yourself.

That's the only way to build a life of time and financial freedom regardless of who is in power!

[Codie Sanchez @Codie_Sanchez]

7 institutions keeping you poor..

1. Payday loans
2. Casinos
3. Pawn style collateral loans (title loan)
4. Subprime debt
5. Rent-to-own debt
6. Day trading (Robinhood)
7. High interest credit cards

Don’t believe other people’s money is free… dessert comes with calories.

[Daniel Priestley @DanielPriestley]

The new economy assets don't exist.

In 1975, the value of a company was mostly the stuff you could touch. It had factories, machinery, stock and resources. There was a little bit left over that was hard to explain, so they called it "intangible value".

Today's companies are almost completely made up of intangible value. These are assets that accountants don't really have a name for - data, algorithms, brand, systems, culture, IP, media, followers, engagement, etc.

When our current government systems were created we lived in the industrial age. In this age we had a formula for how value was created:

Output (value) = land + labour + capital + enterprise.

We created taxation systems for all of these:
property tax, income tax, capital gains, corporate tax.

In the new "intangible economy" the rules have massively changed.

Land - we don't need a physical place to be in business. Businesses are in the digital cloud and can operate from anywhere.
Labour - technology has automated 75% of the labour requirement out of the value chain. That labour can be anywhere in the world - in a cheaper place or near a beach in a low tax city.
Capital - the amount of money and physical resource required to scale a business has dropped through the floor. EG: Warren Buffet has $180B he doesn't know what to do with.
Enterprise - the value of entrepreneurship has gone through the roof because all that matters in business now is the ability to spot opportunities and mobilise resources around a solution. However this can be done from anywhere in the world.

SO... Why do we have massive wealth inequality? Why are governments going bust? Why do regular people feel they can't get ahead? Why are governments becoming draconian? Why are governments targeting home owners with high taxes?

It's because the rules of the game have changed. We now live in an "intangible economy". This economy values traditional labour 75% less than the industrial system. This economy is nearly impossible to tax the true value creators. This economy doesn't need much capital and so the flow of capital has ground to a halt and is sitting stagnant in the hands of the wealthy. This economy needs tax revenue to run and the property owners are easy targets who can't pick up their assets and move them offshore.

Until we recognise how much the game has changed and that we need a new framework for understanding and distributing the fruits of digital productivity, we are going to be in a very mixed up world for a minute.

[Dan @danmurrays]

20 truths you're too scared to hear: