Building an Engine

If you want to still the waves of money anxiety, you need to start with some fact finding. Where are you? For me that has changed in a pretty fundamental way. Quite often big life changes are a catalyst for relooking at your situation. I moved back to South Africa in December. That means thinking in Rands rather than Pounds. I spent the early part of my career getting my money jobs around the world. Building what I call an Engine. You don’t have to be the sole breadwinner. Your money can work too. Especially if you squeeze some space in between your hand and mouth. To create space, you need to have an idea of what you are spending. So for me, now... I have to wait for the dust to settle. As I adjust, the numbers are way bigger (thanks inflation!) than 13 years ago, and some of the basic ways things are done differ from up north. After a few months of paying attention, you can get an idea of the things you can expect. Then you can start to add space for the surprises. Then you can start building (or repairing) your Engine.

Mechanical Repair

 

First Listen

“Numbers to leave Numbers. Form to leave Form.” This is the way Josh Waitzkin describes his practice of embodied learning in chess and martial arts. Not caring about money can mean ignoring it. Which in turn lets it control you. Stilling the waves of money anxiety starts with paying attention to the rhythms. It can start with arbitrary rules and effort in areas you do not value. To get to the stage where you are in control, and move freely, there is awkward, uncomfortable, work to do. Get comfortable with discomfort. Many of our expenses have a pattern. We do not spend the same each month, but look at enough months and there tends to be a regular high and low. A range. There are also fixed expenses. Things we know in advance will come monthly or annually. Then there is the noise, the stuff we cannot control. But can plan for through building flexibility. If you get breathing space between the exhalation (spending) and inhalation (income), you can build a buffer for whatever life throws. Then you can build an Engine so you can gradually free yourself from being an earning machine. Increasing your capacity to say Yes, No, or not right now.

Inhale and Exhale

Stilling the waves of money anxiety starts with understanding where you are. Like meditation, thoughts will continue to come through your head. It is not a fight. You do not do meditation well or badly. There are no rankings or elimination rounds. When a thought comes into your head, it is the point to acknowledge it. Greet it. Politely let it pass. Then go back to your breathing. Financial Security is also about the inhalation (income) and exhalation (spending), and the relationship between the two. You want to breathe in slowly, and with control, and breathe out slowly, and with control. Spending has fixed parts and variable parts. If you keep a record, you can see some patterns. Even the variable parts have regular highs and lows. You can get a sense of the lung capacity needed. There will still be shocks, when spending is way higher than normal. For that, you need a buffer or support. To build that, always starts in the same place, for everyone. Where they are. Where you are. With a breath, and understanding where you are, is. So you can let it pass.

Building Lung Capacity

Building an Innings

I once unsuccessfully tried to explain cricket to a Scottish Music Teaching Colleague who came to watch me play. I didn’t touch the ball while fielding, and she didn’t understand what my role was. I told her not to worry, I was batting third and she would see me play in the next innings (meaning our turn to bat). After a huge opening partnership ended, I walked in, double-stepped, missed the ball, got stumped, and walked back to her to tell her I had no “further” role in the game. She, understandably, still didn’t understand why I mattered. To build an engine, you need to get control of the ins and outs. We have fixed expenses that come off every month/year. We have bumpy, but predictable expenses which vary between a high and low. We have annoying, but predictable maintenance costs that are erratic. Then we have the unpredictable storms we need to build a buffer for, or they knock us back to zero. If you keep going out, it is impossible to build a significant innings.

 

Bavuma became the first black cricketer to make a Test century for South Africa