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  • Doug Belshaw 9:19 pm on August 25, 2018 Permalink | Reply
    Tags: career, job, money   

    Changing careers and ‘f*** you’ money 

    I’ve had a conversation today via DM with someone I haven’t checked in on for a while.

    They’re still in the same position they were last time we spoke. Nothing wrong with that, of course, other than they wish the situation to be otherwise. They feel a bit stuck.

    I mentioned that if they want to go in a different direction, that reducing their hours to work a four-day week might be a good move. It gives you flexibility to do new things. I’ve certainly gained from it.

    Unfortunately, for the person concerned, that’s not a viable option, from a financial point of view. They wouldn’t be able to afford to take the concomitant drop in salary.

    The conversation reminded me of some advice that I once received, and have since taken: you should always have ‘f*** you’ money set aside. This gives you the freedom to walk away and have between three and six months worth of ‘runway’ before you have to find something else to pay the bills.

    Not easy, but certainly something I’d advise everyone to do as soon as they’re able. The easiest way of doing that, if you don’t have a well-paying job, is to dramatically reduce your expenditure. Again, not an easy step, but it’s the price of freedom.

     
    • Simon Grant 8:51 am on September 2, 2018 Permalink | Reply

      And the most important contributor to reducing expenditure, for most people, is the cost of housing. So the solution (in our ridiculously high-priced housing society) will have to be sharing housing somehow. And that needs us to find really congenial people who can live together in reduced space in peace and harmony. Join me in setting up a system to find them? Or training ourselves to live together in peace and harmony?

      • Doug Belshaw 9:41 am on September 2, 2018 Permalink | Reply

        I think that works for individuals and couples, but not necessarily for families.

  • Doug Belshaw 5:34 pm on July 14, 2018 Permalink | Reply
    Tags: , money   

    Money as exchange of energy 

    At our co-op meetup this week, Grainne Hamilton commented in passing that she sees people paying money for things like the consultancy we provide as an ‘exchange in energy’.

    If I understood her correctly, Grainne’s point is that people who read a couple of books and all of sudden become an ‘expert’ on a topic aren’t worth as much as people with deep experience in the field.

    I’m just laying this down as a marker (and as a URL I can reference in future) because I think it’s an interesting idea. I’ve previously thought of money as a ‘lubricant’, but I like this metaphor better, I think.

     
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