I wanted to discuss with you the concept of “Anchor vs Sail” and the different aspects associated with each option. I’ve simplified the idea into two categories: “Anchor” and “Sail,” each with their own set of considerations.
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Anchor:
• The implementation of a carbon tax on bills and high property taxes can result in increased costs to maintain a home.
• Home values may remain stagnant, offering little potential for growth.
• Higher taxes can impact overall income, especially in comparison to regions like Mississippi and OECD, which project lower net incomes for Canada over the next three decades.
• Searching for a job can divert focus and energy.
Sail:
• Opting for a sail lifestyle can provide a predictable and stable income.
• Being flexible and liquid in cash can be advantageous when necessary.
• Generating independent wealth or prioritizing wealth protection becomes a higher focus.
• Automated trading through systematic bots can help make optimal decisions.
• The aspiration to live a beach lifestyle becomes a possibility.
• Creating your own opportunities, especially with a focus on recurring income, can be a viable option.
• For those in the tech industry, this lifestyle may be ideal for a nomadic lifestyle.
• Prioritizing regions with the lowest tax rates, or even seeking zero taxes if possible.
I hope this breakdown helps you understand the main points of consideration between the two options. Please let me know if you have any questions or if there’s anything else I can assist you with.
