Monday, April 11, 2022
Holy and Holey
Monday, January 17, 2022
Connected Energy
Tuesday, November 17, 2020
Bread Winning
It is easy to get caught in the trap of “defending a narrative”. The story we tell ourselves about ourselves. The real world is vastly more complicated than the TV series, movies, and even books we consume. The plot is not nearly as neat. When I stepped away from the corporate world in 2014, I liked the story of saying to myself I had retired at age 34 and had a big enough engine to be a home maker rather than a bread winner. I (still) believe not all good ideas are good business ideas. There are plenty of good ideas that get ruined by being forced through the monetisation filter. Not everything worth doing can pay for itself. In 2015, I resigned from my three professional qualifications. The amount of work that went into being able to say “I *am* an actuary” was simply the tool I had used to build my engine of capital. I reinstated that qualification in 2017, only two years of no-money later, to do engine repairs. I am now thinking of going through the process of brushing off the others. Turns out life is more conversational than story telling. We get to edit our interpretation, and must constantly adapt, adjust, and accommodate.
Monday, October 12, 2020
The Robots
Price isn’t Value. Without insurmountable barriers, price is supposed to act as a traffic light. A competitive advantage isn’t what you are good at. It is the reason other people can’t do what you do. The obstacle. The privilege. The difficulty. The law of supply is that for a fixed cost of doing something, a higher price will attract a larger supply of people willing to solve that problem. You don’t get paid more for doing something more valuable. Price is a signal of scarcity. Not value. You have to determine how you value things, and then look at the traffic lights (given your values and intended destination) of the things that will help you get where you are going.
Thursday, September 17, 2020
Signals to Come and Go
Money is made in Containers. We normally focus on the type of problem when speaking of money making. The “how”. But problems, can and do, change. More important are the Capital and Container that support and give form to the process of money making. Capital stills the waves creating space and time for dynamic problems. Capacity for research and development of the skills and knowledge necessary. It creates the ability to listen to the signals been given about what problems are paying enough to focus on. Containers are given shape by Barriers to Entry, and Barriers to Exit. Price responds to Supply and Demand. How many people can solve the problem? How many people want the problem solved? Barriers to Entry stop you from being the one who solves the problem for an attractive price. Barriers to Exit force you to solve the problem when the price is too low to make it worth your while. Real financial autonomy lies in having the strength, flexibility, and control to navigate your way through the noise with grace and beauty. To move with purpose. To make empowered decisions.