The
size of Engine you require depends on the lifestyle you are wanting to finance.
In 1930, Keynes predicted (because of improvements in productivity) we would
only need to work 15-hour work weeks. That productivity did arrive, but we don’t
want 1930s lifestyles. A 2020 lifestyle in a rich country costs more. In the bubble
I worked in, lots of people spoke of “The Number”. An Engine size they thought
they needed before they could take a shot at going on their own path. My Number
was significantly lower than the ones thrown around. Many of my friends would
not want to make the choices I make. When I say I don’t want money to constrain
my choices, I don’t mean having so much money I can do anything. I mean
defanging money by self-imposing constraint on my spending. This limits my
choices. Within those limits, there is still a world of possibility. I am not a
Martyr. That world still excites me. But it does mean “can’t afford it” is a
real thing. Yes, I could make different trade-offs, work on things that make
money to move those constraints. That is a privilege many others don’t have.
Bigger, better, more is a valid choice. I am choosing differently.
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