A Money Coach in Canada

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By all accounts it wasn’t fair.

The men had arrived at 5:30 am, the frost still biting on the ground, coffees in hand.   They formed a rough line along the sidewalk, standing facing the street.  Mostly, they were the illegals.  At about 5:40 the first trucks began to appear and man by man they were called over to jump in the back of the truck.  By 6:15 only the motley were left – one with an obviously gimped leg, another whose bleary eyes betrayed the night before, another who just looked too damn timid for the hard work of the fields.

The trucks dispersed across the land to the vineyards where the men expertly got to work, picking, picking, picking.  First the sun warmed and cheered the morning.  By mid-day it was merciless and water breaks were an unwelcome intrusion, but necessary to keep up the relentless pace until sundown.

At 4pm, something unexpected happened.  Another truck arrived, carrying the men who had been left behind in the morning.  Those leftover men got a quick tutorial from a supervisor, and joined in the silent work.  During the next quick break, word got out:  the landowner had a larger quota than usual to supply to the chain store the next morning, and needed the berries picked asap.

Finally 8pm came, and the men lined up for their money –  cash, of course.  The gimped-leg man was first to be paid and word spread like wildfire that he had received a full days wages.  Same with the timid man.  That’s when the rumours flew: The daily rate had jacked up.   The crew of  leftover men received the usual full days wages, but in fact it was only half-days wages because of the new rates.   So those who had started in the early hours of the morning would be getting double their usual today.

As news of this spread down the line, each man immediately calculated what they would do with the extra money and started the math:  What would they make this entire week, then?   For some, it meant something as earthy as a whole lot of booze.  For others, it meant getting some better boots.  Some of the more sentimental among them thought of surprising their children with gifts.

But it didn’t work out that way.   Not at all.  When the first labourer who had started with the early morning crew expectantly held out his hand, he received the same amount as usual, that is to say, the same amount those who had started at 4pm.  received.  He stood there a moment longer, looking at the boss.  The boss shrugged and turned his body to the next man waiting his pay. Same thing.  The usual amount.  And just as quickly as the excitement had built down the line, the disappointing news spread.

Strange how what feels normal and fair at the beginning of the day can be a real letdown mere hours later.

As the men clustered back to the waiting trucks, their tones were bitter.   And their tones were overheard by the landlord who had just driven in to review the day’s harvest.   Seeing the resentful looks, he approached one threesome and asked what the problem was.  Two of the men just looked at the ground but Joe spoke up:  We worked all day for you.  From the cold morning through the heat, all day into the evening.  But your boss gave us only the same amount as he gave the crew that arrived at 4pm.

A flash of understanding and some anger crossed the landlord’s face.  ”What is it to you, what I paid them?  Did I cheat you?  Didn’t you agree to the wages at the beginning of the day?  Aren’t those very wages now in your hands?”

The men still looked at the ground, saying nothing.

“Look,” the landlord said, “It’s my money to do with as I please.  With that last crew, I wanted to make sure they could feed their kids tonight and pay their rent – it’s rent day, remember?  Are you angry that I was generous?”

End of story.

Questions:

  1. In what ways are you resentful of those who seem to have gotten a better deal than you?  (I ask myself this too).
  2. In what ways does our culture set us up for this resentment?
  3. How would it benefit you to instead by content with what you have?

I grew up with a keen awareness of what we could not afford. This was exacerbated by living a lower-middle-class life in Canada’s highest-per-capita income city and also by the fact that my two best friends during my formative years were in decidedly different socio-economic demographics (not that it was ever, not even once, flaunted).

The kinds of holidays, the size of homes, the clothing, the bedroom decor, even the refrigerator contents –  I knew what we could not afford. Most of the time it didn’t bother me, at least not consciously.   But still, I knew.   And over time, and combined with some other life circumstances, I developed what I’d call a poverty mindset. A poverty mindset is one whose default is “only just enough, if that”.   It is one that is quietly (or not)  suspicious of wealth and wealthy people.   It is one that either desperately pays attention to managing money, or avoids it altogether.

A poverty mindset kills the joy and good energy around money.

Long ago, I loosened this stranglehold mindset, and now money, and my mindset around it, means something entirely different.  Night and day different.  I’ll post about my new mindset later, but in the meantime,

Here are two techniques that helped me break out of that mindset. You can do it too, and you can help your kids do it.

1.  Replace “I can’t afford it”   with “How can I afford it?”

Do you feel the difference?  The former stifles all possibility.   The latter opens up possibility and invites creative response.  It creates options.

Bonus:  this one is a great one to use with kids and helps them inculcate a mindset of financial possibility from the get-go.  Next time they ask for something, ask them to come up with ideas on how they can afford it  (emphasis:  how they can afford it).

2. Cool visualization exercise – the dissolving flower / cloud

If you suffer a poverty mindset, there are probably a number of  unhelpful beliefs and feelings towards money riddled throughout your mind and heart-of-hearts.   These will be influencing all your approaches to money.  Here’s what to do with them.

a. Sit somewhere quietly, close your eyes, and take a few deep, full breaths to centre and focus yourself.

b. Visualize either a flower with many petals or a cloud floating in front of you.

c. Let each unhelpful belief come to the surface of your mind, then take that particular belief and place it on a petal or the cloud.

c. Do this for as long as the various beliefs or thoughts arise, each time placing it on the petal or cloud.

d. Then allow that flower or cloud to float away from you further and further into space and (important) as it floats away, visualize it dissolving.   The petals gently separate from the flower.  And then each petal and the core begins to simply, softly dissolve into nothing as it continues to float away into infinite space.   I you visualize the cloud,  imagine it gently pulling apart from itself into smaller and smaller drifts as it moves further and further away.  Each flower or cloud becomes nothing.

e. Re-emerge to your day, open your eyes, take a deep breath and experience the lightness and freedom after the release that will have occurred.

Do this exercise as often as you need to.  And if you embrace these exercises, I’d love to hear how they play out for you, so pop back and leave a comment.

PS – if you want to start managing your day-to-day money effectively, my online program will give you a solid foundation.  Even if things are a bit tight for you right now, it will help!  And it’s affordable for just about anyone, at $25.

update: for a recap of all Sept Money 101 posts, click here

Photo Credit: lalunablanca

Do you speak up on the job? Or do you keep your head down? While you might quietly believe something going on is wrong do you prefer to just keep doing your job and let The Others deal with it? Most people do, I think.

A manager of mine once made the remark, “we’re all responsible for our own eco-systems”. I think she was fed up with the griping about the senior management team. And she’s right, I think. Our work is such a vital part of our life (it’s called a livelihood with good reason!) that we hesitate to rock the boat. Yet in my experience, not speaking up, not rocking the boat, will ultimately exact its own price.

The price could be your health.

The price could be your coworker who gets taken down. (Which at first may seem like a relief, * phew! It wasn’t me *, but once they are gone … who is left? What will the fall out be and how will it affect you? Because it will.)

The price could be the company itself.

This is on my mind particularly today because of news I hadn’t heard earlier which affects pretty much all of us.
Follow this trail with me:
The global financial crisis that has us bouncing around? That was triggered by the sub-prime mortgages debacle?Those sub-prime mortgage investment bundles were given AAA status by S&P and other ratings agencies.

They should not have been. (HELLO).

Apparently S&P staff analysts would challenge the ratings given by S&P to various investments and companies, but their managers would x-nay those challenges, and it’s thought that was because the managers didn’t want to piss off those companies, who were paying them for the ratings.

End result: Pension Funds, Banks, Mutual Funds and individuals bought those sub-prime-mortage ridden investment bundles under the impression that they were AAA quality. And we know what happened. The whole western world is teetering.on.the.brink.

It’s not hard to imagine how it could have played out in the cubicles.

One nerdy math-y person, James, does the spreadsheets and the numbers just don’t add up. In fact, they’re kinda damning. So he quietly goes into his boss’s office, “uhh, boss? ” and the boss hears James out, but is secretly irritated because he knows what his own boss, the Director, is going to say and he just doesn’t want to deal with it. Nevertheless, in a low-key way he presents the findings to to the Director who as predicted shrugs it off and tells the boss that they need to rate it AAA.

So the boss does, because he’s a chain-of-command kinda guy, and James is somewhat disgusted but he’s not one to make a fuss so he doesn’t. But his stomach starts to kinda hurt, even as he rationalizes his higher-ups decisions.

Down the hall, same thing happens to Sarah. Over lunch one day, James and Sarah get to talking and find out the same thing happened to Mike on the floor above. It doesn’t feel very good.

Word gets out. They all respond differently. Most just don’t want to think about it that much and they have a lot of other work on their desks to think about anyway. Some are disillusioned but they want the paycheque. Some shift the blame “upstairs” and don’t think about it anymore at all. And some … some are weasels who are more interested in their careers than their team so they just keep their ear to the ground and relay that info up the chain in the hopes that they will become part of the club upstairs (and lo and behold, some do).

And then there was Chris. Chris had seen the movie before and was fed up so he spoke just a little more loudly. And argued a little more with his boss. And didn’t let it rest. And it embarrassed his boss. And his name started being spoken of upstairs. And then one day … he was gone.

Message received. Message received by James, Sarah, Mike and all the others who had flagged that there might be a problem with giving AAA ratings to investments that in fact were set up for disaster. Message received that their livelihoods were at stake. Message received that their company was not in fact a place of neutral ratings, but was set up to ensure profits and bonuses for the people upstairs, the ones who held the analysts’ livelihoods in their hands.
They got it.

I don’t know how they (in this imaginary, for the record, world) reacted when things went all to hell. Did they lose sleep? Did they justify it to themselves (I imagine I would)?

For every Chris in different organizations, there must be, what, 250 folks who are passively or actively complicit?

Caroline Herron, a former VP at Fannie Mae spoke up. So did an interesting accountant dude named Roger Barnes. I wonder what their coworkers did?

Senior VP of Finance at Lehman Brothers pushed back over their accounting “gimmicks” in 2008 and lost his job. I don’t believe it was coincidence that he was downsized, do you?

Joseph Kus has something to say about Merrill Lynch’s breaches of FSA regulations. It sounds like his coworkers not only kept their heads down, but actively hounded him for his audacity.

My point? There is a cost to you and me, down the road, when we don’t speak up. When we look at our ricocheting portfolios or when our property values plummet, remember the folks to tried to speak up. Remember their coworkers who looked the other way because that was easier. And then consider your own workplace and those who attempt, perhaps with finesse or perhaps in a bungling-it-up way, to speak up. Are you supporting them?

Photo Credit: Truthout

The Eco and Green-living crowd up here is pretty amazing. Backyard chickens don’t cut it; my LEED-house neighbours have goats. Free-range meat? Pshaw. Folks fish and hunt. How’s *that* for free range.

And then there are my nearly-self-sufficient friends who live on a lake, grow their own vegetables and quinoa, compost their toilet (ewwww, but it works), chop down trees (don’t judge; it’s likely cleaner than your heat source) to heat their home (bear in mind our weather drops to -40C for days on end) and the latest? Bake their bread in this solar-energy contraption. The bread was fabulous, by the way.

I don’t really dare refer to myself as frugal in comparison.

THE SOLAR ENERGY OVEN
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THE GREEN HOUSE (they also have an extensive outdoor garden)
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WHAT SURELY MUST BE THE ONLY LOCALLY GROWN CANTALOUPE
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HAND CUT AND CHOPPED. WHO NEEDS THE GYM?
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EVERY CORNER OF THE HOUSE HAS A RAIN BARREL.
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NOT SURE IF THIS IS USED. OBVIOUSLY NOT DURING MIDNIGHT SUN SEASON.
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INDEED, IT IS!
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Hello my name is Taylor Moore and I am a filmmaker, photographer and game developer.
I am a Digital Nomad.
When I turned 50, I wanted everything to be different. I wanted to radically simplify my life, and get rid of all of the crap that I was dragging around. I wanted to travel, and pursue work that was global and to live the life of a lifestyle entrepreneur.

In the Beginning
So to start things off, I got my personal belongings down to 50 things(excluding my professional gear). It actually was much easier than I thought it would be. Doing this purge has been one of the most liberating things I have ever done. It is comforting to know where everything is, and not to worry about “stuff” anymore. It has made me very conscious of what I will bring into my life next. I don’t know if I will always conform to this lifestyle but it has been a great personal experiment and experience.

Office Away
The next thing was to be anywhere but in an office. In the last year I have worked out of coffee shops, book stores, libraries and beaches. This has been a tremendous boon to my creativity and approach to work and projects.

Bye Bye TV
One of the greatest events has been getting rid of the TV. Now I only watch what I really want, when I want. So many people live there augmented life through TV. With the relatively short time we have here, to spend it being spoon fed information is not my idea of living life.

Regrets, I have some

  • This is not an easy path at times, and I depend on Skype and email to retain my close friendships.
  • Having a romantic relationship in this type of lifestyle is very hard, but the new friendships forged makes it all worthwhile.
  • Loneliness is not something that visits me very often, but it can be lonely. Getting out and exploring my surrounding breaks it.

What can I not live without

  • Digital Camera with which I shoot stills, HD video and time lapse
  • Macbook Pro with which I edit my stills and video with.
  • iphone Keeps me connected to friends, family and twitter.
  • 2 TB backup Drive (Shit happen’s be ready for it)
  • Swimming trunks…ya never know when you will find a good place to swim!

Benefits

  • Having the freedom to pursue projects I believe in – such as being asked to film a Strawbale House-Raising for a family in Tennessee who lost everything in a Tornado.
  • Learning and speaking another language, which makes me think differently and grow.
  • Helping build a school in Mexico and what that does for the children, community and my karma.
  • Realizing that no matter where we are people want to help. And that gives me hope and faith in humanity.

Money tips I’ve learned

  • Always travel with two bank cards
  • Find out which local bank is closest to you (some places are pretty remote.  I once had to travel 20 miles to the nearest bank!)
  • Find out which day is payday for the local folks because the line-ups can be around the block on those days
  • Get used to military men with machine guns standing in front of the banks
  • Withdrawing cash internationally has fees attached.  Use a bank ATM though;  white-label machines have even higher fees
  • Paypal is your friend.  I typically get paid in the local currency via paypal which then converts to Canadian and is deposited in my Canadian bank account.

Taylor Moore is a filmmaker, photographer and game developer. In 2011 he has lived in Chacala Mexico, Guanajuato Mexico, Summerland BC, Tonasket, WA and Yellowknife, NWT. He can be reached at www.pixelbuz.com or on twitter @pixeltrek

Mentors:

Everett Bogue
The guy who made me look at all of the things I don’t need.
Ashley Ambirge
One of the greatest new writers, and my secret agent muse.
Seth Godin
One of the greatest marketing writers ever. Linchpin has been a personal best read for me.
Tim Ferris
Four Hour Work Week Author and Fitness Guru.
Karol Gajda
He’s the guy who got me started on this path…damn you Karol. Walks the talk.
Tyler Tervooren
He is the master of Riskology. No messing with his success.

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