Tuesday, October 04, 2022
Reframing
Friday, March 04, 2022
And Again
Tuesday, April 20, 2021
Beyond Television
Tuesday, April 13, 2021
Trees and Fruit
If you are able to build Capital, you have to internalise discipline. Because you *can* spend Capital. If you stop it working. If you turn it into cash. Then consume it. It depends on the story you tell yourself. You can look at money as trees and fruit. You can live off the fruit, but if you start cutting down trees, there is going to come a tipping point where sustainability comes into question. “No Money” will again be the enforcer of discipline. It is analogous to the planet and our natural resources. While we were growing, and while we were living hand-to-mouth, we have not adequately considered the sustainability of our environment. You have to think in a long-term fashion. Normal panic is, “I am not going to be okay at the end of the month.” It is a different type of worry you have when you change the way you look at money. You have to realise when “this is not sustainable”. You might have to change your habits even if you are okay for the next three to five years. Because you are not okay... for ever. And that worries you. That is an important worry to have. One that requires a change in the way you act.
Thursday, April 08, 2021
Framing your Decisions
I believe we all experience the world as a controlled hallucination. We take in information based on what we already know. Gradually building trust based on an elaborate story we build up to explain the responses we experience to the decisions we make. You can’t live without a story. Your story acts as the framework for what you want to do, and how you want to make decisions. You need to internalise and embody the disciplines you want to use to frame your decisions. The way a lot of people discipline themselves with money decisions is running out of money. When there is no money there, you can’t spend it. Which means most of us live hand-to-mouth. You cannot build space for autonomy and consent within your decision making that way. You will get stuck in a monthly cycle, or a weekly cycle, or whenever the money comes in. You get income dependence, where you get a job, and get paid, and that determines your standard of living. And there is no space. No extra. If you want something, you save specifically for it, buy it, and go back to zero. Never actually freeing yourself from the constraint of having nothing in the bank. That becomes your framework.
Wednesday, January 13, 2021
Broad Framing
Wednesday, November 11, 2020
Forced Decisions
Never be a forced buyer. Never be a forced seller.
Price is supply and demand. If you must buy something, no
matter what the price, that is dangerous. That is no longer a consensual
exchange. Consider walking away if a sliver of that possibility exists. If you
can find a way to create breathing space. Detachment at that level can feel
impossible. You might, correctly, feel that it is your most important decision.
It is a difficult thing to sit with, but nothing is so important, that it is
more important than everything else. Certainly, nothing with a price.
The reason to build buffers, the ability to endure, and
practice detachment, is so that you do not get yourself into that corner. Poverty
puts people in a corner. Poverty is a form of scarcity that reduces the available
options, smothering empowered decision making.
Friday, October 16, 2020
Due Dilligence
Due Diligence is the reasonable steps required to gather information before entering into an agreement or taking action. Looking before you cross the road. Price is not value. Price is a signal of supply and demand. If something is incredibly valuable to lots of people, but is abundant, its price will be low. Whether your skills and knowledge are valuable is not in question. Meritocracy is not based on ranking skills and knowledge, it is based on barriers to entry. A competitive advantage is not what you are good at. It is why others cannot do what you are doing, which keeps it in short supply. Choices have consequences. We do not live in isolation. When it comes to money, you have to do your due diligence. You make money through the conscious construction of a container. It is not about respect or worth. That is your personal practice of conquering the demons in your head and heart. Money making is solving problems for decision makers with money. It is not about you. It is doing what you have to do, so you can do what you want to do.