The future is coming…
A touch of nostalgia.
Do you remember the spring of 2020? Oh, so many sweet memories ago. We had just met Covid and were all in that new exciting phase of a relationship. Trying to discover what it was into and how it would affect our lives. I was locked down alone in my Montreal apartment, separated from my family due to unlucky vacation timing (both bliss and pure terror for a father of 3). Over time, I think we were all terribly wrong about Covid, and it certainly outstayed its welcome.
There was one thing that was dead simple to predict, though. Our dedicated readers (all 3 of them, thanks, Mum :-) ) may recall our April 2020 newsletter was all about inflation. It seemed a little silly then — there was mild inflation in food, but it wasn’t drastic, and we all had much bigger things to worry about. However…
We expect this (inflation) to continue, as supply stays tight, but Canadians spend their emergency benefit. In fact, we expect it will accelerate considerably when restrictions are lifted and all the pent-up demand is released.
Two years later, restrictions have been lifted, demand is released, and the economy is doing a lazy backstroke through a sea of newly-minted dollars.
So why was I banging on about this 2 years ago and not now? It’s simple — by the time it’s in the news, it’s too late. If you kept $1000 in a chequing account over the past 2 years, it is only worth $940 today. If you kept it in TheCoin, it would have grown to $1532 — even adjusting for inflation. It really pays to be ahead of the crowd.
Looking Ahead
If it’s too late, then why bring it up? Other than a bit of (very satisfying) self-congratulation, the point isn’t to make us look back — it’s to show how valuable it is to look forward. We don’t think of our future selves enough, but don’t forget that (with luck) your current self -will- turn one day be your future self. And while we can’t change what our past self has done, we can make small decisions today that will have significant repercussions for our future selves.
And this, finally, is the point of this newsletter.
The Point
TheCoin is a bit of an oddity. We aren’t a very good chequing account (we can’t do cheques for a start) or the best investment account (although we are better than 95% of the options you’ll find at a bank). We’re close to being the best possible savings account, but that’s next month’s newsletter topic.
However, despite our flaws when compared to each of these accounts individually, we’ve created something extraordinary by combining them. You can use your chequing account to generate wealth. It may not sound like much, but the beauty isn’t the $500 over the past 2 years — it’s that it’ll keep earning for the rest of your life.
Of course, not every year will be bonanza free-money-firehose parties. How much should you reasonably expect?
If you are in your 20s, you can expect a conservative estimate of $250000 over your lifetime. Yes, you read that right. If you use TheCoin as intended, you will most likely collect a sweet quarter-mil compared to not. Without any additional savings or cost to your lifestyle.
We describe the exact method here. There is a simulator to show exactly how this technique works in the real world here. I genuinely hope you don’t believe me and go check these links out because they were hard to build and should get used!
Of course, knowing the future is pointless without action. You have to take the first step. And that step is to apply for an account with TheCoin.
TheCoin solves climate change.
When will climate change be solved? When carbon-neutrality is profitable.
This is the point of TheCoin. We make the most money possible on your first $5000. We aren’t just good; we are -the best-. And this is what we mean by profitable. If you can get the most possible money by being carbon-neutral, then the question is, why wouldn’t you? And yes, some of your earnings are put aside. We provide a service that requires something from you in trade. Most companies just keep some of the profits, but in our case, we eliminate your carbon footprint.
We think your future self will value that even more than the sweet $250K.
