Friday, March 16, 2018

Time, the ultimate currency!

Today, I am going to try to put things in a new perspective and hopefully will either motivate you to start your journey or re-motivate you to keep going. The topic is that everything about this journey is related to time.

In 2011 there was a movie call "In Time" staring Justin Timberlake, which is enough for some people to go see the movie. I watched the movie because I was drawn into the concept presented in the movie where the universal currency became the time you have left to live. There is some truth to the movie, because currency is ultimately related to time.

You spend time to build your knowledge and skills which then translate to either getting a job or running your own business. Both of those will consume more of your time but you get money in return for your time. Therefore this can be written out in a simple formula: Time x Skills/Knowledge = Money. There is an old saying that time is money, but lets flip that saying, so money is time.

Thursday, March 1, 2018

Neighbour Joe - March 2018 Net Worth

The last update for FY 17/18.

Asset
Chequing: 218.43
TFSA Investment: $62,214.83
TFSA Mutual Fund: $3,814.04 (Invested in TD e-series index fund)
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $132,501.36

*Credit Card is paid in full every month