You are your biggest asset

When you have no assets that can generate passive income, think of yourself as your biggest asset. Generate the maximum possible income, have low expenses, with the minimum amount of time spent working.

Think of your time spent at work as an investment, i.e., try to get the most out of your work, not only in terms of cash-flow but also in terms of what you learn from it. I have realised that since I have assumed I will not work many more years and, therefore, I see my work as temporary, I take most advantage of it, I enrol in all kinds of interesting trainings, I put myself in challenging situations because I feel I can learn from them and I am not afraid of failure anymore, because I know I will also learn something from failure. I am also more confident to say what I think in meetings and more prone to apply to higher level positions. So, I guess I am better at work and this is due to the fact that I have decided I do not want to work forever and take it as a temporary situation. Ironic, right?

You are your biggest asset! At least until you have no other assets you can live from, think of yourself as an investment: you have to yield the maximum return to your shareholder, which is yourself!

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Financial Statement – November

Here is the result of our savings in November.

Euros October November Gain
Mine 34,250 36,500 2,250
M 23,200 24,600 1,400
M Pension 27,000 27000 0
My Pension 21,950 23,350 1,400
House guarantee 4,000 4,000 0
House paid 55,000 55000 0
Total 165,400 170,450 5,050
Cash 57,450 61,100 3,650

I am not totally satisfied with the result as I believe we can save way more every month. We had some extra expenses this month due to the fact that we have bought some additional furniture, Christmas gifts and maternity clothes but, on the other hand, we did not travel so no money spent on that. I would expect, every month, to save, in terms of cash, 5000 Euros.

Next month will be better 🙂