Thursday, May 28, 2020

Drip Feeding


Lots of people are paid substantial incomes but are not financially independent. You can make £100,000 a year a still be as addicted to income as someone earning R100,000 a year. Spending adjusts as fast (if not faster, given increased ability to borrow) as income. It is super tempting to spend your income even before you have earned it (borrow and spend). Living off a Basic Income paid by an Engine requires substantial internal discipline. Unlike a salary which drip feeds you, an Engine is there. It has a paper value. You can fire it by selling it off and spending it. Particularly challenging is the Alternative Worlds presented by friends who have chosen different paths. You can’t see the Engine. It is working. You can see an income you spend, in the lifestyle it affords. Part of shifting to a Buffer & Engine mindset, and weaning ourselves off income-dependence requires an ability to move beyond drip-feeding.



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