Friday, July 22, 2022
Imagining a Post Work World
Friday, July 01, 2022
Survival Models
From 2014 to 2021, the main source of my income was no longer a salary. I stripped back my spending dramatically, and was attempting to live off my Engine. Aiming to spend less on average, than my Capital made. Straight out of the Financial Independence, Retire Early” F.I.R.E. playbook.
It meant giving up certain things (e.g. I had a room at Wimbledon Art Studios for four years) and reducing others (e.g. cheaper rent, less take-out, cheaper holidays). When stripping back your spending, you learn more from those with less. It is eye-opening to see what people, without options, get by on.
Still, I exceeded on the spending side and my Capital was far noisier than a salary. Imagine pay day coming, and your boss asking for a deposit!
In theory, I could have run my Engine down to zero. In reality, my “internal Engine” wouldn’t go to zero. I wouldn’t be starting from scratch. The thought experiment of if every *thing* was taken from you, what would you have? Relationships, skills, knowledge, social capital, and the opportunities presented by being part of the community you are a part of. You can also build the capacity to start again with more ease, if you need to. Even if the situation is very different.
Like rewriting an essay you lose when your computer crashes. Second time, you may be more effective. The first course I repeated at university, was ironically called “Survival Models” (previously called Mortality). The second time I did it, I had the big picture, and suddenly things made sense. Helping people one page behind, is also a great way to take your next step.
When I decided to go back to work, it was partly because I no longer had confidence that my Engine was sustainable. I could repair and rebuild it better with the stability of a salary as support. I could also repeat something I had done before (working!), and help people one page behind.
Friday, May 13, 2022
Wafer Thin
Monday, March 07, 2022
Full Time
Wednesday, January 06, 2021
The Great Wave
There will be many lessons learnt when we reflect on 2020, and unfortunately probably most of 2021 too. When the dust settles. One of those will be the danger of predicting things we pretend to understand, but have not experienced. Another will be the peril of basing society on hand-to-mouth existence, because of (amongst other things) a belief in “work ethic”. Asking children as they grow up what they will be, and meaning how will they earn a living. Existence based on a willingness to work, requires the existence of work. The ability to create real value requires reinvestment and a long-time frame. It requires breaking the cycle of feast and famine. It requires being able to pause. Sometimes for longer than we like. It requires a safe place to retreat to. We have to snap our earning addiction by creating capital. Capital is not hoarding. Capital works. Capital can create space for when we realise how much of what we thought we knew is not true. Capital allows you to be wrong without it being the end. If you have the ability to work from home. Be grateful you have work. Be grateful you have a home. Then let us build back better.