Tag Archives: economics

Wednesday Afternoon Ramblings – 6/19/2019

One of the most important lessons I have learned in life is to stop worrying about the things I cannot control. I have zero influence over politics, so I no longer give politics my energy. That change alone has made me so much happier and healthier than I was back when I was plugged into the “daily outrage machine.”

I have no control over other people’s actions. The only thing I can effect is my reaction to their actions. After losing so many friends and family members, I had to teach myself to let go and move on. I simply cannot dwell on what others think of me, no matter how close we may have been. There are people I miss, of course, and from time to time I reminisce about our friendships, but overall, those people are quite simply dead to me and are not welcome in my present reality.

I cannot control overall market forces. I can, however, pay attention to and anticipate how those forces will affect my life. In terms of risk management, I try not to put myself into volatile situations. From being at the very bottom, I learned that there are always jobs out there that people don’t want to do for whatever reason (hard labor, dirt, danger), but they will pay someone else to take care of it. In that regard, the market for my services is relatively stable, as long as I’m willing to and capable of handling it.

I can’t control what memories or emotions bubble up on a daily basis. I can control my reaction to them. If anger comes up, I let it pass and move on. I can’t let anger consume me. If I have a twinge of self-pity, I push it aside as quickly as possible. That won’t help anything. Every single day, I make a concerted effort to focus on the blessings and positives in my life, and that focus has done more to heal me than anything else.

That’s all for now.

Tuesday Afternoon Ramblings – 6/18/2019

This time three years ago, I had virtually nothing in terms of material possessions. No car, no savings, no real furniture, and just a handful of clothes. My home was barely inhabitable from my time away. To make matters worse, my credit score was in the low 500s, and my reputation was ruined. Probably 90% of the people I had considered friends or family had turned their backs on me.

There were some very dark nights.

I could have chosen to focus on all of those negatives and wallowed in self pity, and most likely, no one would have blamed me for just giving up. But if you know me at all, you should know that I don’t quit easily. Instead of the negatives, I turned my focus to the things I did have: that 10% who remained by my side, my recovered health from that God awful neurological illness that had nearly crippled me, my resolve to rebuild my life and rebuild my relationship with my kids.

For the first couple of months, I focused on cleaning my home and searching for a job. Because of the circumstances, no one wanted to hire me. Even shitty janitorial type openings were denied to me. My first real break came when two of my dearest friends gave me an old car that had sat undriven for a couple of years. I cannot tell you how profoundly this simple act of charity impacted my life. I will always be grateful for their love and generosity. My father helped me get the car running, and suddenly I had a modicum of independence back.

The second big break came when a different friend helped me secure a part-time online job. The pay was pretty good for the work involved, but the real boon was that the lady who hired me was so impressed by my work ethic that she recommended me to friends who were looking for a groundskeeper/handyman for their property. That may not sound like a glamorous job, but that work became the foundation for the businesses I would begin.

That’s all for now.

Monday Afternoon Ramblings – 6/17/2019

The path to individual freedom begins with economics. My oldest son, who identifies as a centrist libertarian, loves to peruse Tumblr and debate leftists. Through him, I hear a plethora of communist rhetoric being pushed by millennials with what I assume to be good intentions.

If I could convince those people of one fact, it would be this: capitalism is by far the better, more efficient system for economic development. Every single real world attempt at communism has resulted in economic stagnation, shortages, and hyperinflation. The Soviet Union, Cuba, Chile, North Korea, and Venezuela, just to name a few examples. Things are so bad in Venezuela now that a full day’s wages for the average person will not purchase 1000 calories of food.

I get that things are not perfect in our system. We do need better wage structures that are linked to productivity instead of an hourly wage. We absolutely need healthcare reform so that everyone has access to standard care. We must fix education so that students have access to real world skills and knowledge without being saddled by crippling debt.

But those are tweaks to the system, not a complete reversal. I have been as poor as a person can be and had to rebuild my entire life at 43 years old. While I’m not wealthy by any stretch of the imagination, I am successfully picking myself up one step at a time. Over the next few weeks, I will try to catalogue how I have done this and illustrate through economics how anyone else can transform their own lives.

That’s all for now.