Good evening old sport, and welcome to a new article of NA Lifestyle. Today, we are talking Switzerland. Apart from delicious cheeses, exclusive wines, gorgeous lanscapes, mountains, luxurious hotels, exquisite chocolate, neutrality, billionaire towns and trains, Switzerland has the most unique currency and banknotes in the world. Switzerland’s incredibly stable economy, strict laws, prosperous trading market, and geopolitical neutrality allow the country to enjoy some of the most powerful economies in the entire world, Switzerland possesses money from the most powerful industries worldwide and manages billions of dollars on a daily basis, meaning that its currency must be nothing different than exceptional.
Let me tell you about just a few aspects that make the Swiss Franc unique:
The Swiss Franc has a Gold-backed legacy
Incredibly resistant to global debt and inflation due to neutrality and Swiss financial discipline
Very limited pegs and manipulations
Top level worldwide high value, allowing for great leverage in currency exchange rates
Swiss bank notes are vertical instead of horizontal, and increase size vertically based on value
Modern Swiss bank notes contain images of hands and ideals instead of politicians or important country figures like in most other currencies (there is a great reason for it)
More than 70﹪ of physical Swiss banknotes are held outside of Switzerland, by very wealthy individuals.
Swiss banknotes have the highest security of any other currency in the world with more than 25 different security measures in each bill, making it the safest banknote in the world, and virtually impossible to counterfeit.
Now, what can you learn from the Swiss Franc? Holding a wallet with Swiss Francs should be obviously an absolute no brainer, I will be posting on my Patreon a detailed guide on how you can set this up. But when it comes to practical financial lessons to learn from the way Switzerland manages its currency, here are some things I have understood which have greatly impacted my financial literacy in a very positive manner which you can learn as well:
1. Stability Through Unmatched Financial Discipline
The most important reason why in fact the Swiss Franc is so incredibly powerful is due to the discipline of Swiss society overall. When you visit the country you can easily notice this reflected in every single area of their lifestyle, from the way they dress, to the way they drive, their city infrastructure and architecture, and even in the way people simply communicate with each other, it is all with an ideal of discipline, and their financial management isn’t very different.
The reality is that for a currency to be so valuable, DISCIPLINE is a must, and this doesn’t only work this way for a national currency but also, at a personal level.
How to apply this yourself?
Set clear financial objectives and strongly stick to them, not allowing momentary temptations to drive you to spend unnecessary amounts of money that don’t align with your objectives, if you look at Swiss society, they aren’t primarily focused on unnecessary or ridiculous opulence but rather in discipline, quiet luxury, timelessness and legacy.
2. Stability and Reliability
Do you want to build some Swiss level wealth? You must then prioritise financial stability over high-risk ventures.
Switzerland is a country well known for its political neutrality, economic stability, and strong financial governance. This has made the Swiss Franc a “safe haven” currency during global crises. Hence why the Swiss Franc is valuable beyond its undoubtedly purchase power.
How to apply this yourself?
Build a diversified and low-risk financial foundation before pursuing higher-risk investments. Stability creates confidence and long-term security, this is exactly why I always talk about the tremendous importance of having a strong and well crafted emergency fund, THAT is the definition of financial confidence.
3. Hard Asset Backing
If you understand economy, you probably know that more than 85﹪ of the money today in most currencies is digital, and it isn’t backed in hard assets. Banks have for a long time already found the business of creating digital money much more profitable than the business of creating physical cash, as digital money has no production cost and allows for greater purchase power as well as debt creation leverage for financial institutions, but because of this, inflation occurs and most importantly, financial instability.
The solution that the Swiss have for this is simple yet effective and timeless: Maintain tangible reserves.
The Swiss Franc was historically backed by gold until 2000, and even after, Switzerland maintained a significant portion of its reserves in gold, and now keep still a very strong foundation of hard asset backing to their total wealth, giving their currency an undeniable backing, and a future proof financial reserve that is much more protected against inflation compared to other currencies.
How to apply this yourself?
Invest in tangible assets like precious metals, real estate, or commodities to hedge against currency devaluation or market volatility.
4. Never Worry about Inflation Mindset
Protect your wealth from erosion is probably the most important thing you can do to improve your finances, after all, what does it matter if your pay check increases in a percentage that is lower than which the rate of inflation is? Or if inflation is making your savings useless?
Fortunately, I have a solution for it, and the Swiss use it very well.
Switzerland’s monetary policies aim to maintain low inflation, ensuring the purchasing power of its currency.
How to apply this yourself?
Avoid unnecessary debt, while I am a massive supporter of the concept of credit cards and credit building, debt will kill you if you don’t manage it like a gentleman. Focus on high-value purchases, and invest in assets that grow faster than inflation. (A good index fund is a great example)
5. Your Financial Reputation is Everything
Building a reputation is key in the financial world, the way financial institutions perceive you will make or break your life financially speaking. You keep a goof and reliable reputation with the bank? The bank respects you. The bank respects you? The bank gives you benefits, cash, credit cards, help, bonds, insurances, increases your credit limits, etc. The bank WORKS FOR YOU when your reputation is gentleman like financially. The bank needs people with bad financial discipline, but you own the bank when your reputation is clean and solid.
Switzerland has bult a ridiculously good financial reputation worldwide, making them a synonym of wealth, financial literacy, progress, and stability, allowing the country to receive all kinds of respect from international financial institutions.
How to apply this yourself?
Cultivate a reputation for being financially trustworthy by avoiding bad and unnecessary debts, honouring financial commitments, and managing your money with discipline. People, financial institutions, and businesses are more likely to collaborate or invest in someone they trust.
6. Neutrality in Financial Decisions
If you have been reading my articles and posts for some time you should know very well by now that we live in a very volatile world, and a volatile world always means a volatile economy. Avoiding overexposure to global conflicts or volatility is a James Bond move.
Switzerland’s neutrality minimises its financial exposure to geopolitical crises, reinforcing the strength of its currency.
How to apply this for yourself?
Diversify your investments globally and internationally to reduce risk exposure to any single economy or market: Possessing bank accounts in different countries, possessing different currencies, possessing real estate in different countries, possessing different credit cards… Stay calm and avoid emotional financial decisions.
7. Strong Saving Culture
Most financial masculinity influencers today will make it seem like saving is irrelevant or a bad idea so they can sell you their way to supposedly get rich in 20 days which contains an e-commerce useless guide, but the reality is that saving is an incredibly foundation and smart thing to do for your financial well being. It is like mastering the basic lay up in basketball. Prioritise your savings and build reserves.
Swiss citizens are known for their very high savings rates, reflecting a culture that values prudence and future planning, making them a timelessly wealthy nation.
How to apply this yourself?
Set aside a consistent portion of your income for emergencies, investments, and long-term growth. Your savings should always be a priority, spending money before having a strong foundation of savings in place is the wrong mindset for building wealth, savings first, investments later, paying debt after, and then only… entertainment
8. Quality over Quantity
Those who follow me for some time, know that I have been saying this for a long time now and it just never fails. Prioritise quality over quantity in every financial and lifestyle move., it is the mindset of a royal.
Swiss products, lifestyle, infrastructure, and everything else including their currency design, emphasise precision and durability.
How to apply this for yourself?
Focus on quality over quantity in your spending and investments, ensuring lasting value, this will probably be the most important lesson of this which you can apply to both your financial habits as well as your lifestyle.
CONCLUSION:
Something very curious about the Swiss Franc is that when you look at their bank notes you will be able to notice that not only they are the only vertical currency in the world (meaning their bank notes are literally vertical and grow taller as their value goes up) but also they possess hands on their bills instead of political figures or historical people from their nation. But there is actually a very good reason for this, which very strongly yet subtly and elegantly communicates the Swiss ideal…
The reason why the Swiss bank notes show images of hands instead of political or historical figures is because Switzerland is a nation with an unclear historical and political identity. A part of the country is French, another part is German and another part is Italian, they have 4 official languages, the Swiss nation wasn’t created through blood and fire but by legal and official decision, Swiss nationalism is complicated, not every Swiss feels the same about their country and not every Swiss comes from the same place and the history of the nation is quite complex, but there IS something that unites the Swiss naton more than anything else, and that is the Swiss ideal.
This ideal cannot be represented by a specific figure, or by a historical event specifically, but it can be represented by the ideals that built Switzerland into the nation that it is today and that it continues to strive for. These ideals are represented in its currency in the form of hands, these hands represent ideals such as innovation and creativity, precision and quality, neutrality and internationalism, cultural heritage, environmental awareness, diversity and inclusion, global leadership, security and trust, communication.
IMPORTANT:
The principles behind the remarkable success of the Swiss nation serve as timeless financial guidelines. By understanding and applying these ideals to your daily life, you lay the foundation for a future of prosperity and refinement. If you wish to delve deeper into these transformative principles, alongside the invaluable insights I’ve gained from my career in finance—helping individuals from middle-income earners to the ultra-wealthy achieve their financial goals, strategically invest, and build enduring wealth—then I invite you to take the next step.
Send me a direct message on Instagram with the word LIFESTYLE, or email me with the subject LIFESTYLE to request more information. Let’s work together to elevate every aspect of your life—your finances, fitness, style, and even your personal relationships.
As we close this chapter of 2024, there’s no better time to make an investment in yourself. Begin 2025 with the tools and guidance to create the most successful, fulfilling year of your life.
Nuovoachilles
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