Roger W. Babson (1875-1967)
When he was in his late twenties, he got interested, in what he called at that time “the normal line” principle, based on Newton’s Action and Reaction Principle of his Third Law...
Why Monaco is the most obscenely wealthy place ever built on earth:
1. Monaco's GDP per capita stands at $288,000, the highest of any country on earth, surpassing the United States, Switzerland and Luxembourg by a significant margin.
2. Almost one third of Monaco's population, precisely 32.1%, holds assets over $1 million excluding the value of their homes, the highest millionaire concentration of any place on earth.
3. The average price per square meter for property in Monaco reached €51,967 in 2024, a new all-time record, with the Larvotto district averaging €97,563 per square meter.
4. Monaco collects zero income tax from its residents. No capital gains tax. No wealth tax. The government runs entirely on VAT, corporate tax and casino revenues.
5. The Monte Carlo Casino was founded in 1856 and the current iconic building was completed in 1878, designed by Charles Garnier, the same architect behind the Paris Opera. It has generated profit without interruption ever since.
6. Monaco's harbor contains more privately owned superyachts per meter of coastline than any port on earth. During Grand Prix week the yachts moored offshore are worth more collectively than the GDP of several small nations.
7. The entire national budget of Monaco is funded without taxing individual residents a single cent of personal income, something no other functioning country on earth manages.
8. Monaco has more Michelin starred restaurants per square kilometer than any other place on earth including Paris, Tokyo and New York.
9. Retail space in Monaco commands higher rents than Fifth Avenue in New York, Bond Street in London and the Champs Elysees in Paris.
10. The wealth concentrated inside Monaco's 2 square kilometers exceeds the total GDP of over 30 sovereign nations that each have populations in the millions.
11. Monaco residents collectively own more private jets per capita than any other population on earth. The nearest airport in Nice handles private aviation serving Monaco at extraordinary volume daily.
12. Ukrainian billionaire Rinat Akhmetov purchased a five-floor, 21-room waterfront apartment in Monaco's Mareterra district for $554 million in 2024, making it the most expensive single residential transaction ever recorded in history.
13. Monaco spends more on public infrastructure per resident than almost any government on earth. Every street, tunnel and public space is maintained to a standard most capitals cannot afford.
14. The smallest commercial office space in Monaco costs more monthly than a full year of premium office space in most European capital cities.
15. Monaco's wealth is so stable it has never required an IMF loan, World Bank assistance or any form of foreign financial aid in its entire modern history.
16. During the Monaco Grand Prix a single hotel room overlooking the circuit sells for over $50,000 for the weekend. Balcony apartments rent for up to $200,000 for four days.
17. Monaco residents on average hold more in liquid financial assets per person than citizens of any other country including Qatar, UAE and Singapore.
"The banks wanted to kill M-Pesa. But wherever you go they say Kenya has done so well in digital...
If we can reform to make the cost of money cheap, to reduce the cost of transactions, then we can do even better."
- Former CBK Governor Micah Cheserem
Video: CBK
There is money in this world. Insane money. Your mates are making ridiculous money out there because of information, access, and network. Pressure yourself, you are not doing enough.
Elon Musk on Napoleon:
“One of the things I learned from Napoleon is that wherever the general is, that’s where the army does best. So if you’re the leader, you have to be at the most important place at the most important time. You have to be willing to go to the front lines. You can’t just sit back in safety and give orders. The presence of the leader has an enormous effect on morale and performance.”
Officially a commercial pilot after attaining the required hours, milestones & passing my final practical exam done by Captain Koros.
All glory goes to GOD for helping me achieve my biggest life milestone.
Special thanks to my Family, Friends and Flitestar academy.