”More and more I heard the words: ‘Stop what you are doing now – all this luxury and consumerism – and start your real life’. I had the feeling I was working as a slave for things that I did not wish for or need.”
These are the words of Austrian tycoon Karl Rabeder, 47, who is giving away every penny of his $5.3 million) fortune, having realized that his riches made him unhappy.
I’ve just opened up another free introductory class for my “Freedom of Enough” class on February 23, 5.15-6.15 PM PST and I hope you’ll join me to muse on Karl’s question (which is all of our question) “How much is enough? Of anything? And what happens once you recognize you have it?”
Karl’s plan is to live on Continue reading
John deGraaf has made another great film that’s both funny and searing in its critique of the toxic by-products of the consumer culture. It’s called What’s the Economy for Anyway? and you can watch a trailer on YouTube. It stars Dave Batker, an ecological economist, head of Earth Economics and also surprise guest of the Conscious Money Speakers’ Series teleclass tonight.
If you meant to sign up for the series and missed it, you can still do so by clicking here and joining in for the rest of it. It’s discounted 15% – and you still get to hear all the recordings.
About Ecological Economics Continue reading
The New York Times article “After Escaping Jobless Rolls, Trauma May Linger” profiles several people who’ve found work after 6 months to 2 years of unemployment, likening their anxieties and broken relationships to PTSD. They say, “It is not clear whether those who have gone back to work will embrace a new frugality. The Newbys are doing their best to rein in their spending, both out of necessity and to make sure they are better protected for the future. Like many other Americans, they had always simply spent what they earned.”
A new frugality? Is that spending less than you earn and saving for a rainy day – or year? Is it being so traumatized that you can’t spend? Is it like yo-yo dieting, binging and starving because you no longer can assess how much is enough? The savings rate is back up to 5% – is that from fear or prudence or waking up to what’s important in life? What do you think the new frugality is? How long will it last? Will we “go back to our old ways”?
And for those of you who are Your Money or Your Life readers, what role does the YMOYL approach have in helping people through a hard time?