Nice article. Love the historical context of the limitations of financial independence to protect us from black swans and how other forms of capital like social capital are critical in tomes of chaos. The cash flow analogy would be “multiple streams of income”
I agree that independence doesn't = certainty, especially in these black swan events.
What I am grateful for, right now, is that my income is not at risk based on my beliefs or opinions (at least yet). Over the last decade, we've seen people on both sides of the spectrum, lose their jobs because of their beliefs.
While I'm not an outwardly political person, nor give dicey opinionated takes on much of anything controversial... I do remember feeling, while employed, I had to censor myself. I had to be careful about what I said or commented on. But independence can help, in the period leading up to the black swan events.
Scott Galloway said it best: "I have two huge blessings: I’m economically secure and I have people who love me unconditionally. And I think when you have those two things, you the privilege and obligation to speak your mind.”
Nice article. Love the historical context of the limitations of financial independence to protect us from black swans and how other forms of capital like social capital are critical in tomes of chaos. The cash flow analogy would be “multiple streams of income”
I agree that independence doesn't = certainty, especially in these black swan events.
What I am grateful for, right now, is that my income is not at risk based on my beliefs or opinions (at least yet). Over the last decade, we've seen people on both sides of the spectrum, lose their jobs because of their beliefs.
While I'm not an outwardly political person, nor give dicey opinionated takes on much of anything controversial... I do remember feeling, while employed, I had to censor myself. I had to be careful about what I said or commented on. But independence can help, in the period leading up to the black swan events.
Scott Galloway said it best: "I have two huge blessings: I’m economically secure and I have people who love me unconditionally. And I think when you have those two things, you the privilege and obligation to speak your mind.”
Thank you 🙏