Retirement Progress Report 6

I missed last quarter’s report so here it is up to today, and I’ll post another one for year’s end.

TFSA: $61,636.75

It’s up $24,807.38 since April… but it’s not actually that great. This is pretty blown out of proportion because we’re holding HST in there until it’s due, so that number is way higher than it should be. Another factor that makes that leap seem huge is I’m now just reporting the current market value of the TFSA because it’s gotten too confusing for me to figure out what I was doing before (which was something like tracking the book value of only the money contributed, ignoring changes in market value, which was useful to see how many net dollars were making their way into the account, but it also painted an unrealistic picture of the real-world value of the holdings and accounts for that past number being lower than it should have been).

SO from now on, market value is what you get!

I’m also happy to announce that my TFSA is now maxed out, and we’re stuffing Lia’s next. Why not have started with Lia’s, you’re wondering? It’s because we’re also rebuilding her SDRRSP from having demolished it to buy our house, so it seemed right to have some assets under my name. Not that it matters. We’re each other’s beneficiaries anyway.

I spoke to someone at TD to figure out where that TFSA limit was, and it’s actually on your most recent CRA Notice of Assessment (I think it says how much you’re still allowed to contribute to your TFSA). Because mine has also earned distributions (paid out in Dec) and appreciated in value, that explains why the value of my TFSA exceeds the 2018 contribution limit (of $57,500 if you were to start today).

According to taxtips.ca – at the current rate of inflation, the TFSA contribution limit will increase to $6,000 per year in 2019.

The best thing to do with a TFSA is max it out, then leave it full so it can:

  1. Appreciate in market value at an average rate of 7% over the long haul.
  2. Earn roughly 2% in annual distributions in December, tax free. So at some point in late December, something like $1,200 in mutual funds will automatically be added to my holdings. Compound interest baby!

So at some point in 2019 I’ll put $6,000 into my TFSA.

Debt / Mortgage: $159,968.15

Down $3607.19 since last report. I love seeing the 5 in there where the 6 was now that it’s below $160,000. The iceberg is melting.

Total assets:

$1,162 (My RSP) + $9,642.67 (Lia’s SDRSP) + $61,636.75 (My TFSA) = $72,441.42

Retirement Progress: $72,441.42 / $959,968.15 (mortgage + $800k projected amount needed to retire) = 7.5% of the way there!

Here’s my ghetto loading bar visualizing 7%:

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My Bucket List

I wrote down my bucket list a month ago, then this month I reread it.

Here’s the list of things I want to do before I die, followed by my own reflections regarding the list and my internal war with some of it’s elements…

My bucket list:

  • Build a strong family with Lia and our daughters, maintain loving, healthy, respectful relationships with each other as we all grow and change.
  • Become a grandparent – hopefully many times over!
  • Get barrelled.
  • Clear $200,000 in gross annual income.
  • Become financially independent.
  • Break the 5 minute mark on a breath hold.
  • Dunk a basketball.
  • Do stand up comedy.
  • Build/buy our dream house / land on water.
  • Teach my daughters to surf, free dive, spear fish, jiu jitsu, muay thai, soccer, volleyball, hockey, ultimate, golf, skateboarding, carpentry, code, knife throwing, climbing, canoeing, investing, business, mindfulness, goal setting/completion, music, art…
  • Leave the world a little better than it was when I arrived.

In reviewing my bucket list, I’ve realized that I’ve been holding back on going for the big goals. The most pronounced one is dunking a basketball. I initially didn’t put it on the is the list, then had to incrementally increase the goal from tennis ball to volleyball, and only now am I accepting the reality that I will one day dunk a basketball. IF I train!!

This acceptance is big. Overcoming my internal resistance to one of my biggest dreams represents a significant change in my forward progress. I’ve been static on that for a long time. Now I’m moving. Move on one formerly impossible big goal, and then move on the next.

I’ve been static on that for a long time. Now I’m moving. Move on one formerly impossible big goal, and then move on the next.

I’ve also been going through a restructuring of my time to forcefully prioritize time with my wife and daughters at the expense of time doing work for other people.

This has made me very happy. It has compounded the love I have for my girls, most potently with Isla. I have historically shut her out the most in order to work, and giving her my full attention has felt really good.

It is becoming clearer and clearer that earning Isla’s love is the most important thing to me, because I can see how it’s possible to miss out, even a bit, and not do as good a job as I could have, and fucking regret that.

Same goes for Lia and Lake. But right now Isla, at the stage she’s at, seems most urgent.

Following my bucket list goals to their ultimate conclusions, yes grossing $200K would feel amazing. As would attaining financial independence. But those without making an absolute success of my family would be damn near fucking meaningless.

Looking at it the other way around, I wouldn’t care much if I never grossed over $200K, it would be harder not to ever feel what financial independence feels like… but I’d be happy. I’d be SO happy. Like I am now.

Retirement Progress Report 5

This report is going to be a little wild again. Leading up to tax season we’d stopped investing the HST we had collected, and starting withholding income for tax payment to compensate for the HST we had invested over the majority of the tax year.

This effort was in hopes that we could avoid selling any of our mutual funds to pay our taxes, and instead replace the HST we’d invested earlier in the year with out-of-pocket income.

It seems to have worked. We were able to cover the HST we’d invested, successfully exposing those funds to market appreciation over the majority of the tax year. That said, appreciation currently lags at +1.61%, which is actually great (I think). It means we’re buying below normal (7%ish) growth. Just as long as the market picks up again at some point in the next 10-20 years before we need to sell!!!

One solid decision was made regarding whether to pay off the mortgage more aggressively – which was not to do it. The main reason we’d relied upon in our past deliberation over this idea is our mortgage rate of 2.92% should underperform index funds on average (7%). But this choice is vulnerable to instances like this past quarter where our portfolio lagged brutally at 1.61%… though really that doesn’t matter until we sell… I think. We’re still good as long as we never sell at 1.61%!

But the decisive reason for not paying back our mortgage more aggressively is this: we have mortgage life insurance. I think we pay a combined $12/month for this insurance, so if either of us die, the mortgage is paid off.

It would suck to pay the mortgage aggressively only for one of us to die and have the remaining (much smaller mortgage balance) forgiven, AND have no other investments. Better to sock our money into indexed mutual funds and pay the mortgage at our normal rate for the time being.

If we max out our TFSAs, and/or we renew for a higher than 7% mortgage rate… we’d probably switch tactics… and we’d likely keep the mortgage life insurance anyway.

Another trap people fall into with paying the mortgage off early is this (thanks Kyle Collins for pointing this out!): once they no longer have a mortgage to pay each month, that “extra” money starts to feel disposable. Hedonic adaptation kicks in, and most people (and I would probably do this too) simply end up spending the extra cash on silly shit every month.

Winter-long trip to Costa Rica? Fuck it! Our mortgage is paid off!

This extra cash is only useful to our long-term financial stability if invested. For this reason, in comparisons between people who invest early in mutual funds versus people who pay off their mortgage early, the investors generally end up way ahead come retirement.

It just requires too much discipline to take all the money you would normally put toward a mortgage and immediately transition into socking that cash right into index funds… especially after the marathon of paying off a house!

After all that rambling, here are our retirement figures for the quarter:

TFSA: $36,829.37 (up $12,459.54 from last report… again this is a bit blown out of proportion because we’d been sandbagging leading up to tax season)

Mortgage: $163,575.34 (down $1,782.65 from last report)

Net worth shift: + $14,242.19

NEW METRICS! 

I’m going to attempt some forecasting here. I want to bake two new and exciting metrics into these quarterly retirement reports.

Metric 1 is a percentage representing our progress toward the $800,000 retirement goal.

According to the Mr. Money Moustache equation of “multiply your annual spending by 25 to see how much you need to have invested in order to retire”, my family would be comfortable retiring on $800,000.

MMM’s “safe withdrawal rate” of 4% works out to $32,000 – which would cover our annual spending. Assuming our mortgage is paid off, we can retire once we’ve invested $800,000.

Metric 2 is the number of years remaining until we can retire, calculated based upon a $30,000/year rate of investment.

Here we go.

To make things easier, I’ve added our mortgage onto the $800,000 to represent the total amount of money yet to be invested/put toward the house. That leaves us with a target asset value of $963,575.34.

Retirement Progress = $36,829.37 / $963,575.34 = 3.8% of the way there! Pretty fucking low, but far better than 0% haha. The early years are the hardest.

Here comes the compound interest. According to the moneychimp.com compound interest calculator, if we invest $30,000 per year for 15.6 more years at 7% we’ll end up with $964,882.15.

So at our current rate, it will take Lia and me 15.6 more years to reach retirement. If this is true, our 48th birthdays will be epic!

 

 

 

Retirement Progress Report 4

I missed getting this out at the end of December, so here it is a wee bit late!

Figures:

TFSA: $24,369.83 (up $1,896.91 from last report).

Mortgage: $165,357.99 (down $1,264.85 from last report).

Net worth shift: +$3,161.76

Progress was modest these past couple months. The holiday season came with higher spending than normal, which (for us) meant less surplus made it into our investments. This is when the $200/month automatic deposits really help keep morale going. Even seeing that, between our investments and lowered mortgage debt, our net worth increased by $3,161.76 from two months ago is very encouraging. Even in slow times, we’re headed in the right direction.

Another extremely fucking cool thing happened in on the 15th of December which was that our mutual funds bought $746.91 more of themselves (in the form of “annual distributions” (mutual fund equivalent to stock dividends)). This is the mind-melting miracle of compounding played out in real fucking LIFE. To clarify, this is not a change in market value. The funds mutual funds we hold appreciated by $1,914.74 in the past 2 months, independent of the distributions paid out. The distributions are roughly 2% annually on top of any gains or losses in market value.

I’m still baffled at the reality that I have no intrinsic sense of any of this until I put one of these reports together. It helps to talk to someone and ask dumb questions until you get the comprehension you’re after. My TD lady was trying to get me to “just Google it” for most of the phone call but I persisted until I had a concrete answer. Spending 2 hours on the phone to discover that my mutual funds pay roughly 2% distributions annually mid-December as long as I’ve purchased them in time to qualify for those distributions (this period was about a day, the lady thought) is knowledge well worth the cost to obtain it.

Retirement Progress Report 3

Two big things happened this quarter for our financial game. The first is we met our annual goal of investing $20,000. The second is our rate of investing crossed over the 50% threshold, meaning that we are investing more than we’re spending.

I don’t know how these good things happened because it certainly didn’t feel like we did very well over the past 3 months. This goes to show that how I feel about our performance and how we’re actually doing aren’t very closely aligned. I simply don’t really know what’s going on. But our finances are more automatic now, and in a good way. There is less personal willpower needed – we just have systems that ensure we’re being smart over the long term. Lia and I have continued to do a little better with our unnecessary spending and these new habits have plugged some of the holes in our bank account. There is still a lot of room for improvement, but behavioural change is a very slow process and there’s solace in knowing we’re moving in the right direction. Lia’s also bringing home the bacon as a yoga instructor, which is certainly helping.

Of course, there were hiccups in the last few months. We drove a lot, and spent lots of money on gas. But we drive a civic, so “lots of money” is probably laughable to anyone with a more serious vehicle. We compare ourselves to Mr. Money Moustache though, and that guy limits himself to one tank of gas per month!

One of the larger hiccups came in the form of a being bad and buying a fancy cordless vacuum for $300. My mind has a tendency to drift into thoughts of doom and gloom whenever we make big purchases. I don’t enjoy spending money nearly as much as I enjoy seeing this retirement account grow, so anytime we buy something (even something quite necessary/useful) I feel a great deal of buyer’s remorse. It’s a hell of a vacuum though. Before, Lia was using a god damn massive shop vac to do the stairs, the bedrooms, everything. So I suppose the frustration and rage saved in upgrading to something much more civilized is going to more than compensate for the minor retirement setback.

Figures:

TFSA: $22,472.92 (up $7,278.46 from last quarter).

Mortgage: $166,622.84 (down $1759.03 from last quarter).

We’ve made our $20k goal for the year and we still have 3 months to go! So we’ve upped our target to $30k for 2018. I find it very helpful and encouraging to see our investing progress laid out in smaller, monthly increments. I keep a piece of paper on the fridge with the projected TFSA balance listed beside the month by which we need to hit each amount.

Tracking retirement savings by month

The position of the magnet represents the current total value of our investments. Seeing the steps broken into smaller fragments, and that we’re a few months ahead of our goal helps me not get too stressed out about the otherwise daunting idea of investing $50,000. After 3/4 of a year of doing this, and saving $20,000 already, $50,000 feels very doable.

Then things get a little more exciting. $50,000 is a 20% downpayment on a $250,000 house or property. Within the next couple years, we will have more interesting investing options available to us than simply plowing money into mutual funds. Lia and I will be able to cruise realtor.ca with the knowledge that we have the cash to move on a property if the right one comes along. We may be on the verge of being able to do that sooner if we pull equity out of our current home and remortgage, but I hate that idea. I don’t like being in debt. Nobody does. And while doubling our debt is certainly one way of doubling our exposure to real estate appreciation, it also doubles our property related expenditures and vulnerability to things like mortgage interest rates. Things will happen faster in either direction. Either we’ll get richer faster, or we’ll get into financial trouble faster. I like the idea of a conservative and highly attainable approach over riskier maneuvers when the stakes are this high. Factoring in peace-of-mind, a slow approach seems like the way to go for me.

The next report is in my calendar for December 31st, which is only a couple months away but it will be more comprehensive moving forward to align these posts with the actual calendar year (instead of doing it on the 18th every few months from whatever month happened to be the first post).

I hope reading this has inspired you to invest! I know at least one friend has taken shit into his own hands and is now on track to retiring in his 40s. I’ll extend the same offer here as I extended to him: if you want my personal help in getting set up with the same investment strategy I employ, just ask and I’ll help you. It’s straightforward once you have the accounts set up and you’ve bought your first mutual funds.

You can then start buying your freedom.

Retirement Progress Report 2

So things have changed quite a bit since we last looked at the Lowe family retirement strategy. They’ve simplified. Mainly, I realized that it made very little sense to have such a big “Rainy Day” fund ($20k) and not have that money invested and compounding. So now we have $5k ready for emergencies and the rest gets invested.

The last few months we’ve worked hard to spend less frivolously, and to invest more aggressively.

Here are the figures:

TFSA (self-directed TD Waterhouse WebBroker account): $15,194.46

Up $9,127.46 since last report.

This is our main investing account comprised of 3 low MER TD E-Series mutual funds (TDB900, TBD905, TDB902). We’re 1 month ahead of schedule for our goal of $20k invested for the year, averaging $3,042.49 invested every month.

This quarter we invested 42% of our net income. To help free up money for investing, we’ve also been selling thousands of dollars worth of shit we no longer use via Kijiji. Guitars, a motorcycle, electronics, old paintball guns, roller blades, it adds up!

Mortgage: $168,381.87 ($1,496.13 lower than last report)

We haven’t paid down our mortgage any quicker than we had been prior to the last report. Our current interest rate of 2.92% is below what is expected to be earned investing in indexed mutual funds (8%). If we renew in a couple years with a significantly higher interest rate (anything over 8%) it will make far more sense to pay down the mortgage more aggressively and stop purchasing mutual funds altogether.

That’s all for this report, see y’all in October!

 

How I Saved $293 in 3 Phone Calls (~1hr)

If you haven’t called your various providers (cell/insurance) lately and harangued them into lowering your bills, you are probably in position to save hundreds of dollars by doing so.

This morning it took me 1 hour and 8 minutes over 3 phone calls to save $293.94. Below I outline the methods used to get my home/auto insurance  and phone bill lowered.

Tires and Phones Save $

My car insurance just renewed with a $1089 annual premium.

I called TD Meloche Monnex and reminded them that I’m a loyal client with no claims and home insurance with them, then asked what they could do for me.

Turns out I qualified for a discount for using winter tires, and was instantly credited 5% for agreeing to participate in their TD MyAdvantage program. This involves downloading an app which tracks my driving behaviour. The app runs in the background and automatically detects driving patterns using GPS and the accelerometer in my phone. I only stand to gain because poor driving won’t increase my premium. However, perfect driving can lower my premium by up to 25% annually (~$250). Both Lia and I need to install the app (since we’re both insured under our policy) for maximum discounts.

All told, this 13 minute phone call resulted in an improved plan (now including 1 at-fault accident forgiven), an instant decrease in premiums by $59 and a potential 20% discount for excellent driving being tracked on the TD MyAdvantage app.

 

“Times are Tough” at the Client Retention Dept

Every 6 months I call my mobile provider (Wind/Freedom) and immediately ask to be forwarded to the client retention department because I’m thinking of cancelling my cell service.

The line I keep repeating all the way to client retention: “Times are tough, my wife and I simply can’t afford to be paying this much on our phone bills.” I also have a quick peek at other providers to see if there are super cheap signup promos happening. If there are, I’ll refer to these during my call with client retention, just to make them see I’m not fucking around.

Lia and I were paying $84.33/month for our two plans. Freedom agreed to help me out by temporarily reducing my bill to $62.84 for 6 months. That’s $128.94 saved (I’ve done this twice now so it’s $257.88 for the year)

Typical time on the phone is 30 minutes per call, which I make every 6 months. It’s in my calendar.

Home Insurance with TD Meloche Monnex

Lia and I were paying $623/year for home insurance. A 25 minute phone call revealed that I was eligible for a 15% loyalty discount. I also lowered my premiums by asking to increase my deductible from $1000 to $2000.

Once the mortgage is paid, we need to tell TD so our insurance drops by an additional 20% – 30%.

There’s also a Security System Discount of $21/year which we don’t qualify for, but you may.

Total call time = 25 mins

Money saved = $106/year

Go Get Some

Do some calling around and get better rates. To inspire yourself and others, please share your successes in the comments at the bottom.

For more ways to pay far less and earn way more, be sure to check out my Holy Shit Moment wherein Ramit Sethi talks about eating chicken wings like an immigrant.

Retirement Progress Report 1

nail figures

I’m currently stuffing my face with a bagel slathered in butter and dunked in baked butternut squash soup. I’m drinking cold homo milk fresh from the fridge. My legs are sore from having just played hours of ultimate frisbee. My mind is silent. It was in programming mode today building this javascript calculator and now it seems happy to be idle. Lia, Isla and I biked to Little Lake and fed the ducks, played, and sang the ABCs dozens of times. Today was damn near exactly what I’d like every day to be.

Thinking about that, I catch myself not appreciating the day for what it was. Recently I’ve caught onto Mustachianism and become infatuated with saving more aggressively for retirement (defined as the point I no longer have to work but for sure will keep working on certain things). This mindset is problematic in that it has me preoccupied thinking about the future more than ever before. This is good if it gets me to invest instead of wasting money on dumb things, it’s bad if it clouds my ability to see the moment I’m in. There’s a lingering fear that if I stop thinking about it, I’ll backslide into old habits and not change my behaviour at all.

Overall I’ve got it pretty good. I enjoy my work, mostly, and I’m already living how I’d like to be living. So why save for retirement at all? Why not just keep doing what I’m doing if it’s enjoyable?

The answer, for me, is about a core principle that I wrote as a note to myself late one night in Hawaii:

Always move toward greater freedom and happiness.

More net worth means more freedom. Debt is the opposite (unless it’s “asset” debt). The happiness part is in my head.

I think of saving for retirement as a very difficult challenge presenting a massive payoff. I played around with this compound interest calculator to figure out where my current rate of saving was going to land me in 14 years. I currently buy $200 of Mutual Funds every month. That puts me at $62,000 by the time I’m 45 years old. Not horrible but not retireable either. Further tinkering with the compound interest calculator indicates that Lia and I will need to sock closer to $20k annually if we’re to hit our retirement goals. It’s just doable on our current income, but we’ll have to be much more intentional about our spending than we’ve ever been before. Sushi once a month instead of once a week. Not buying a bunch of drinks at the bar on a random weeknight. Not buying expensive toys whenever I want.

The only question left is: Which do I value more? Being in a position to retire 20 years early or grabbing sushi/drinks/toys every time I get the urge? I really hope it’s the retirement option.

I’ve heard there’s a lot of power behind making goals public, and providing measurable evidence of one’s progress or lack thereof. And it’s probably true because I’m really second-guessing whether to proceed with this or not. In kicks the Neil Gaiman quote I really love:

The moment that you feel, just possibly, you are walking down the street naked, exposing too much of your heart and your mind, and what exists on the inside, showing too much of yourself…That is the moment, you might be starting to get it right.

Remembering that quote always makes me man up and take the risk.

So here it is, in black and white for everyone to see: our progress toward retirement. I’ll post an update quarterly, with actual figures. This holds me accountable to at least two other people, Kyle and Tyler, both of whom I know read these blog posts religiously.

And the numbers are…

Rainy Day Savings: $3,436

TFSA: $2,631 

Mortgage: $169,878

Our first priority is to save $20k in a savings account for “rainy day” situations/seriously slow times at Butter/etc. Once this $20k layer of fat is in place we’ll be able to invest in mutual funds with the confidence that we won’t need to sell them prematurely out of a sudden need for cash. For those of you interested in tracking our progress, “rainy day” money is what we’re currently trying to save up.

After that, you’ll be able to track the growth of our mutual fund holdings because they’ll be getting all spillover once the “rainy day” account hits $20k.

I’ll report back on this again in July!

Who the Fuck is Mr. Money Moustache?

I’m currently in love with Mr. Money Moustache. Thanks Daniel Gomez if you’re reading this. Anyone interested in retiring earlier than they ever thought possible and living really well should get their eyes all up in his shit. Here’s an excellent blog post by Mr. Money Moustache to get you started: http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/

Lia and I have just reworked our budget in order to divert much more of our cash into indexed mutual funds. Our goal is to live on 40% of what we earn and invest 60%. With this somewhat aggressive model in place we could be in a position to live off the dividends of our investments in 15 years. Now, our lifestyle is also much more frugal than most, but hey, we’re stoked about it! And yes, we did just spend 3 months in Hawaii blowing all of our savings… so maybe this is also a major subconscious backlash to that.

The Genie That Doesn’t Grant Wishes

I was walking on the beach the other day and I tripped over something hard and metallic in the sand. Out popped a genie! The genie said, “Hi there! Before you get too excited, I’ll tell you how this works.”

The genie pulled out a set of cue cards and started reading.

“I am not a normal genie. I don’t grant wishes. What I do is, I put a spell on you that eliminates your ability to fail at one thing of your choosing. There’s no magic other than that. You still have to do all the work to accomplish whatever you set out to do. I just put a spell on you that makes it so you can’t quit.”

He put the cards away, into his pocket or something. I guess he had pants on.

“That doesn’t sound so great,” I said. Then followed with, “Are you sure that’s even magic?”

“That’s why nobody writes stories about me,” said the genie.

“Not true,” I said. “I’m gonna blog about this as soon as I get back to my Airbnb.”

The genie didn’t seem to care that I was going to blog about him. He began talking again.

“The first guy that discovered me asked that I put a spell on him so he would stop smoking. POOF! I put the spell on him. From that day forward, no matter how badly he wanted to smoke, my spell prevented him from being able to. It was very uncomfortable for him, and he was miserable for years. You see, he REALLY wanted to smoke. All day and all night his brain was screaming for him to have a cigarette. But the spell is permanent, he’ll never smoke again.”

“Shit eh.” I said, insightfully.

“Yup,” said the genie, crossing his arms and leaning back against a palm tree, which he drifted through.

I waited for him to drift back to my side of the palm tree. Then I said, “Okay let’s say I want a million dollars, and you put a spell on me. What next?”

“Just a sec while I look into the future,” said the genie. “AHA! I see it now… you would stop travelling and stop spending money on anything beyond the basics. You would live as cheaply as possible and put all of your extra money into low-risk, long-term investments earning 8% annually.”

The genie pulled a calculator out of his pants and mashed some keys. Then he said,”You would work as hard as you could in order to earn an extra $30,000/year to invest. After 17 years of this, you’d be a millionaire.”

“Crazy,” I said, trying to picture it all. “I don’t think I’m down to go through with all that.”

“Then don’t ask me to put the million-dollar spell on you,” replied the genie.

A moment passed, then I asked, “So you’re really not much use then, are you? People could do these things without your spells.”

“For sure,” said the genie. “But they generally don’t.”

“Why not?” I asked.

“Because many of the important things people want in life are really fucking hard to accomplish,” said the genie. “That’s why the other genies are so much more popular than I am. They let you skip the work!”

“Right.” I said. “Know where any of those guys are?”

“Nope,” said the genie.

“Shit.” I said, kicking at the sand.

More time passed and the genie started looking impatient.

“So what’ll it be?” asked the genie. “I’m gonna give you 10 more seconds then I’m outta here.”

“That seems abrupt!” I protested.

“7 seconds,” replied the genie.

“Um,” I said, scrambling for something good to not quit at, “I’d like to… ahhhhh… maybe I could… actually no, how about…”

“Time’s up!” said the genie. And he vanished.

I stayed behind for a considerable time afterwards, wondering what I should have said. But it’s a tough one.

What would YOU do if you knew you couldn’t fail?