2022 at Topia

As 2022 draws to a close, we’ve spent some time reflecting on what an amazing year Topia has had and our plans for the future.

Before we share our thoughts, we wanted to say thank you. Without your engagement and support, we would not be in the position we are today; ready to help the world unlock financial freedom. We have accomplished an immense amount in 2022 and the product continues to evolve. Feedback has been integral to the development of Topia, and your help has made our job so much easier. 

That being said, the past year has not been without its challenges. Building something that meets users’ needs and helps accelerate their journey to Financial Independence (FI) is difficult to do via a tech platform. We have had countless conversations trying to work out the most effective way to do this and ensure it meets the demand of our community. 

Much of the past year has been spent making sure that someone can log onto Topia and all of their finances will be linked and automated, ready to track. We want it to be an app that requires minimal effort. But with individuals having such a variety of assets and being at infinitely different life stages, this has proved to be tricky. Nevertheless, after countless hours on zoom calls, progress has been made and we’re confident that we have achieved our objective. Knowing that we are working towards something that will make a genuine difference to people’s lives makes it all worthwhile. Topia is still a work in progress, and it will likely take two to five years for it to hit a perfect sweet spot, but we will get there. 

One of the key beliefs we have at Topia is how precious our life and time is. People often set about earning their millions, but in isolation, the money is useless; it’s just numbers on a screen, coins in your purse or paper in your hand. The real power of money is that it gives you the freedom to spend your time however you want: Financial Independence. It is this perspective that we want to share with the world. Luckily for us, there is a diverse pool of enthusiastic people who also believe in the benefits of FI. Together, we have built a community that share learnings, ideas and solutions, all in the hope that more people will be able to live a life on their terms.

Where Topia comes in is the way in which we help our community reach FI. Traditionally, the way to reach FI is through cutting your expenses and investing any money that you save. The thinking is that after 10 to 15 years, the compounded interest accrued from these savings will be enough to cover your living expenses and you’ll no longer have to work to live. Yet over the past year, we’ve taken a different approach and coined it ‘Topia FI’. 

We discovered that if we want to accelerate our user’s route to FI, we need to focus on income. By doing this, we can speed up the journey to FI from 10 years to approximately 10 months. Ideally, these income streams will be passive, meaning once they are set up, the amount of effort you need to invest is minimal. This could be through buying property and renting it out or through a side-hustle. Whatever choice you make, Topia will be there to support you.

You will have noticed that we have used the word ‘community’ a lot in this blog; this was a very conscious choice. We understand that oftentimes, the decision to reach FI can lead you down a very lonely path, especially if none of your peers are also trying to do the same thing. To remedy this, over the past two to three years, we have built up a community of avid FI enthusiasts who will all be reachable via our app. In addition, our paid-for service will include access to exclusive online coaches who will give you tailored personal advice dependent on how you choose to create your income streams. Everyone has different ideas about how they want to increase their revenue, and we want to nurture that and cater for it. 

We look forward to sharing more details with you in the new year. There are some really exciting developments coming up and we can’t wait for you to be a part of them. Thank you for sticking with us and believing in our big dream; it’s only going to get bigger.