If you have $2.5m in a savings account at 4% interest It pays you $100k a year Like, even the most basic “investment strategy” and you can live a somewhat decent life without working ever again if you get a bit of money Need to get the bag while you’re young

Never put money in @Wise They’ll restrict your account and withhold your money.

Mercury is closing the bank account for my US LLC, I think because I accessed it while I was in Indonesia, which is on their list of banned countries (I live in Europe) Does anyone have a contact there who can expedite a manual review? I love Mercury and I would really prefer not to switch! @immad @mercury

All my UAE 🇦🇪 bank accounts got frozen because the banking system thought I was funding the Iranian regime. Here is what actually happened: My UAE company is called “DotOne Group”. Byy coincidence, Iranian billionaire Babak Zanjani also has a venture called "Dot One". Sanctions screening picked up the name match, my file got rated "high risk" and every transaction got blocked. For 2 weeks I could not send or receive any money through UAE. But obviously I have nothing to do with the IRGC. However, I had to prove it in writing: shareholder registers, UBO declarations, source of funds, full company history, and a formal explanation of why my company is called DotOne Group. The banks have now started to de-risk me and things are moving again, and I am genuinely happy for that. But this was a harsh lesson. It shows how fragile and exposed entrepreneurs are in a world of KYC and AML. You do not own access to the financial system. An algorithm can freeze your business on a random Tuesday morning while you are having coffee. The only reason this did not take my business down is that the UAE is not my only setup. My Cyprus, Swiss & Latvian banks kept running, so I could still pay my team, daily expenses & keep the everything running. But this is exactly why I am pro-crypto. Not for the charts or quick money, but for the simple principle that a person should be able to hold & move their own money without needing permission for it. Don't get me wrong. Compliance is good and it should catch real criminals. But the freeze took 1 second while the fix took more than 2 weeks. And in those 2 weeks I was heavily limited in operations. This is why I keep building across multiple jurisdictions, why we should never rely on a single bank, and keep a part of our net worth in something nobody can freeze.