Value for Value!
Abundance and Scarcity!
Energy Transfer!
It simply amazes me how much a monetary based society can create so much prosperity and havoc at the same time. With fiat money, the fractional reserve banking system, and the taxation system makes me understand the broader implications of wealth in my quest to achieving financial independence.
In my eyes, money is simply a tool which is amoral. I see money as potential employees eager to work 24/7 hours a day, 365 days a year. Learning about compound interest, investing, and credit, I was motivated to build good financial habits at a young age to set my future self up for success.
I started reading books such as the Intelligent Investor, Your money or your life, Early Retirement Extreme, and Rich Dad Poor Dad. I quickly learned the power of savings rate, asset allocation, and made me curious to venture into the stock market.
Having a diverse portfolio of low MER index funds and ETF’s and knowing a historic average stock market return of 6%-10%. I simply plan to use the power of dollar cost averaging and continually invest till I reach a tipping point where my investment returns are more than I am putting in. At that point, I will simply let compound interest do its magic and be financially free.
Understanding that net worth and self-worth are independent of each other, I take the time to think before purchasing anything and think in the long term will this add any value to my life? I consider the cost of anything I buy as $0 to buy from a position of strength and analyze objectively.
With rapid technological advances, there is a lot of demonization. As a result, I try to maximize every dollar to the fullest and look at the net present value and net future value to gain a better perspective. Coming from a mindset of abundance and thinking there is more than enough for every day makes day to day life easier and relaxed. Every day new solutions are found, new ways of thinking, and new emerging technologies disrupt the marketplace.
With the internet as the great equalizer, the next billion are coming online creating more and more opportunities for generating wealth. This is a promising time for any investor, emerging markets are my favorite investments as they are hopefully empowering people and raising consciousness.