Thursday, October 31, 2019

Beyond the Storm


Price is simply a clearing mechanism. Supply and demand are the brutal price setters. This means defining your source of income in a fixed way is incredibly dangerous. You don’t know at the start of your career how those forces are going to throw you around in their storms. There simply has to be flexibility. A way to surrender into the chaos should it come. For the vast majority of people, work is a funding device for their expenses. What comes in goes out. A Buffer can allow some give should creative destruction provide a solution that doesn’t include you. An Engine can allow you to focus on something that isn’t subject to the master winds of supply and demand. A Buffer is enough Capital to buy you time to breathe and reskill. To change direction. An Engine earns more (on average) than you spend (on average) and can set you free to focus on value. A salary is the price of your labour. Price is not value. You determine value. Not supply. Not demand. You.



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