@bar-down The best example I can give easily, living paycheck-to-paycheck works, until it doesn't. His examples are often far more interesting. But someone saying, "I have lived 10 years paycheck-to-paycheck, it isn't a problem," isn't facing reality. Even on an individual level, it goes far beyond that. If we really realized the staggering number of things that could go wrong, we would do our best to have savings, even smallish savings. It is one of the reasons I have earthquake insurance. About $100/year and I have some coverage for one of the unthinkable.
I think it was in Anifragile that he discusses governments. Running deficits is great, until it isn't. We have no capacity to absorb a major disaster, San Andreas lets go, or Yellowstone erupts. Since we are running huge deficits, we don't have any reserves to deal with something that large. Even if we had money, it would be difficult. Do we think after Andreas or Yellowstone, the international community will line up to buy cheap US bonds?
My Reels feed loves to give me stories of plane crashes and near crashes. In one, the guy who does videos, a pilot with a crap ton of info, discusses how an airbus pretty much lost all of its controls. He kept saying that the series of problems had never happened before and was totally unpredictable. He's never read those books. Just because something has never happened before doesn't mean it won't happen.
Have you ever read Zen and the art of Motorcycle Maintenance? One of my favorites. The author discusses the tension between emotional thinking ( Happy Hour) and rational thinking (writing the response) At a minimum the book will leave with a sense of what you are dealing with.
@bar-down The best example I can give easily, living paycheck-to-paycheck works, until it doesn't. His examples are often far more interesting. But someone saying, "I have lived 10 years paycheck-to-paycheck, it isn't a problem," isn't facing reality. Even on an individual level, it goes far beyond that. If we really realized the staggering number of things that could go wrong, we would do our best to have savings, even smallish savings. It is one of the reasons I have earthquake insurance. About $100/year and I have some coverage for one of the unthinkable.
I think it was in Anifragile that he discusses governments. Running deficits is great, until it isn't. We have no capacity to absorb a major disaster, San Andreas lets go, or Yellowstone erupts. Since we are running huge deficits, we don't have any reserves to deal with something that large. Even if we had money, it would be difficult. Do we think after Andreas or Yellowstone, the international community will line up to buy cheap US bonds?
My Reels feed loves to give me stories of plane crashes and near crashes. In one, the guy who does videos, a pilot with a crap ton of info, discusses how an airbus pretty much lost all of its controls. He kept saying that the series of problems had never happened before and was totally unpredictable. He's never read those books. Just because something has never happened before doesn't mean it won't happen.
You have earthquake insurance in Indiana, but own no Bitcoin.
You need a mountain.@co-hoosier sort of but there are other things in our make up. You have a strength and a discipline not all of us do. @aloha-hoosier does too. I do not. I’m obviously very smart incredibly handsome charming and a great speaker. But I’m weak. And have no enduring discipline. If I had it I’d be sitting by my pool overlooking the water in front of my 20 million dollar mansion ready to retire in ten years.
but I can’t keep doing the same stuff. I ask the hot parawhore to happy hour instead of going home to the wife. I think to myself omfg is this what my life is? Another Fing MSJ response? I can’t do this. There has to be more.
well skipping HH and doing that response leads to a path markedly different than going to that HH and saying gents. Let’s start a business. F this misery. But the former takes strength and discipline. We’re not all built the same
of coke or cash.You need a mountain.@co-hoosier sort of but there are other things in our make up. You have a strength and a discipline not all of us do. @aloha-hoosier does too. I do not. I’m obviously very smart incredibly handsome charming and a great speaker. But I’m weak. And have no enduring discipline. If I had it I’d be sitting by my pool overlooking the water in front of my 20 million dollar mansion ready to retire in ten years.
but I can’t keep doing the same stuff. I ask the hot parawhore to happy hour instead of going home to the wife. I think to myself omfg is this what my life is? Another Fing MSJ response? I can’t do this. There has to be more.
well skipping HH and doing that response leads to a path markedly different than going to that HH and saying gents. Let’s start a business. F this misery. But the former takes strength and discipline. We’re not all built the same
or both. preferably both.
@bulk-vh @arthur-dent okay i read the summary. interesting indeed. not as interesting as hot lesbos but still. without reading i will argue that you don't need to worry about any of that stuff if you make the right decisions. you can insulate yourself. but we're all responsible for our own stuff. financial security. personal, emotional etc.
Yeah, boils down to Shit Happens, prepare for it and roll with it.
Easy to say, hard to do. But if you're living on the edge, you'll get bit.
Your last paragraph 💯. I’ve watched a handful of successful business clients build a great business and have everything but it’s not enough. They live on the edge and lose everything.
I am currently watching a couple who are friends and clients in their late 40s that have built a great business. I am scared to death for them. They’re buying gulf front homes in florida, an airplane, a large fishing yacht, farmland and expanding their business. Leveraging heavily everything they worked for. It will turn out really good or disaster.