Thursday, September 30, 2021
Being Reduced
Friday, September 11, 2020
Allowing for Extra
How do you start? Building Capital so that you can gradually become less dependent on your earning ability, seems like a game reserved for the wealthy. Advice is tricky because we have different lifeboats in a shared storm. When people talk of being “self-made”, they are often referring to whether, or not, they inherited Capital or a pre-packaged business from Mom or Dad. It is more complicated than that. Most of us have weird relationships with money. Wrapped in our sense of worth. In our relationship with our parents. In their relationship with their parents. In our politics. The advice I give is deeply wound up in my own story. Our self is a bigger container. The bubble we grew up in. Mine is based in Apartheid and Feminism. One based on inequality and gender roles. For me, starting starts with constraint. Having a firm and absolute hold on what “enough” looks like. Then not feeling like more than that is better. I wasn’t trapped in debt, and had the option of choosing a path to develop skills & knowledge to get an income. So my first steps were pragmatism, spending discipline, and delayed gratification. Building a buffer. A few months spending in the bank. Then putting the extra to work. I realise that extra is a foreign concept for most. That is what needs to change.
Friday, August 21, 2020
One More Step
“Fitting the
curve” is when you take the results of an exam and change them to fit what is “normal”.
Through squashing, stretching, and standardising unexpected shapes. If a group
has an average, almost no one is average. A Standard Deviation is the average
amount each result is different from average. Again, almost no one is the
average amount different from average. “Normally”, about 68% of results sit
between one Standard Deviation below and one Standard Deviation above the
average. 95% sit between two below, and two above. 99.7% between three down,
three up. That we do this for exams results shows that the goal is not
education. It is sorting. Most education is designed to find your role in the
world. This is the exact opposite of what we should be doing, and limits
everyone to their starting point. Like Samwise Gamgee, the step you need to
take is to realise the story is not about you. Education should be about
understanding, and solving, the problems in the world. And financing the things
that aren’t problems, but need money. At some point, you need to take the vital
step that snaps the connection to the constraints you don’t find helpful.