There is a long list of stupid things I have done. In 2014, it could seem like a very risky thing to be doing for me to have stepped away from the corporate world. No longer having the certainty of a salary. No longer wanting to work for money. But you need to unpack conspicuous risk. When you look at a salary, it is not as safe as you think. The idea of a job for life is not there anymore. You are dependent on the financial well-being of the company you work for. Part of stilling your own waves of money anxiety is being able to understand business in general. How do you know whether a (your employer’s) business is in a position to survive? Businesses are more fragile than we think. It isn’t just about how good their product/idea is. The strength of their reserves (capital) and container (barriers to entry) matter even more. Pushing responsibility to owners/managers to still our financial anxiety when creative destruction constantly attacks the forces of supply and demand, is structural risk. Structural stupidity. I got to have a stab at another way of approaching life, because I had built reserves and a container separate from my job or the companies I was working at.
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