In Part II I outlined how there are three pillars to being all you can be: finance, self-sufficiency and enjoyment. And all of them are crucial to being a well-rounded person.
Finance is an important pillar, because it represents the resources that we cannot handle on our own. In Part IV I will discuss the ways in which we can handle as much work as possible, but it’s important to remember that there is a limit to how much we can do from scratch. It’s the whole reason we needed an economy to begin with!
However finance is not just about earning money. Finance is, at its core, about a trade of skills, where you swap what you’re good at for what someone else is good at. Here are a few ways of fulfilling the financial side of your person:
1: Getting a job. The easiest way. Here you swap your skills for money, which you then swap for someone else’s skills. The exchange is distant, but it’s the easiest way of predetermining the value of your work and making sure you have covered all your needs.
2: Swapping skills. A bit more ambiguous, but works in small communities. You bake bread for the neighbour, she weeds your garden. A simple trade.
3: Saving money. If making money isn’t your forte, then saving money is a good way of increasing your resources. This will be explored more in the next part, but in principle whenever you manage to haggle a price down, so something yourself or locate a cheaper version, you have generated wealth.
4: Enabling an earner. This is the way well to do housewives have traditionally generated wealth. It is a mash up of getting a job and swapping skills. You use your skills at home so that the earner does not have to do anything when they get back, allowing them to work to the fullest and make more money when outside.
All of these practices generate wealth by exchanging your abilities with someone else’s, making it easier to get someone else to do those jobs which you cannot do, such as make lightbulbs or treat your infected cut.
Next week we will address the ways in which we can develop our Self-Sufficiency, to become all we can be!
TTFN and Happy Hunting!