The
size of your work income doesn’t determine your financial security. You can earn
£10,000 a month in London and be more fragile than someone spending R4,000
(about £175) a month in rural South Africa (an estimate of the living wage for an
individual). Work Income is fragile. Ask 2020. Hand-to-mouth living doesn’t
work if the hands are tied. A Pass-the-Parcel economy doesn’t work if the music
stops playing. A work income is usually the initial source of financial
security. But what you do with it matters. The key is what you spend. Price indicates
scarcity, not value. So if you want to maximise value, be a Cultural
Billionaire. Spend on things everyone can afford. Democratic goods. Build a
Buffer/Emergency Fund that covers 3-6 months of expenses (for the unexpected).
Invest in an Engine that earns an income independent of your hands. Invest in
your Community. Be wary of committing to fixed expenses that keep knocking at
the door when you are at home because the work has gone. Your financial security
is determined by your ability to endure and capacity to cope. Strong and
flexible provides the foundation for creativity, learning, and building a
meaningful life. Autonomy matters, not size.
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