We should all be fearful of the future. No, this does not mean living in fear, but having a healthy respect for the fact things will change.
Money is becoming much harder to obtain through a W-2 job. If you have a job, it’s like having five jobs because you are doing the work of five people.
This version of the workforce, where everything moves at 10X speed, is unsustainable. People will burn out long before they reach 20 years in their careers.
How to Beat Creator’s Block
Learning something new. We must learn to barter our skills and trade our resources to survive in a hyper-inflated new world.
In fact, that’s how money came about a long time ago. Paper money was an IOU people used to transport instead of gold (because of bandits).
What is bartering our skills? I read a good book on creative bartering called “Early Retirement Extreme.” Basically, you can exchange your skills for a product or service.
Let’s say you are a car mechanic and need to open a new website. For example, you could exchange ten oil changes for a web designer to create your website.
House Hacking to Financial Independence
To position yourself in this new world, you’ll need hard skills. Your job didn’t prepare you for the world of bartering; checking emails and sitting in meetings are not hard skills.
I taught myself to write articles, create copy, and design book covers. Now I am learning website design in my free time. We must learn continuously and stay abreast of growing trends.
What are some resources that we can trade? A new trend is the upcoming lack of food. Eggs have begun to become scarce, and more food items will follow. What can we do today?
If you have the ability, it’s time to raise chickens. Your eggs will be a valuable commodity to trade or barter inside your community.
Should Both Parents Work?
Speaking of community, you can start a community garden or farm if you have land. Many people live in the suburbs and cannot obtain food without mega markets.
By starting a community farm, these people can drive a couple of miles to your land to grow crops or raise goats.
You would likely need security around your farm or garden; I envision things getting bad pretty soon here.
Your house is a valuable asset. An individual family living in a single house will only be for the rich. The average American family cannot afford to live alone.
The only way to make people realize this is through math. If you are paying more than 20% of your income towards housing (and utilities), you cannot afford to live alone.
This doesn’t mean you must get roommates but reduce these expenses at all costs. You may rent your car on Turo or create a dog park on your land.
Set Your Retirement Requirements
Trade to your heart’s content. The more we go through businesses for our services, the more money we lose in translation.
Let’s take childcare, for example. Let’s say a couple pays $1,000/month for one three-year-old child to stay in daycare for 50 hours a week.
The childcare attendant watches ten kids throughout the day, but they don’t make $10,000/month. They make perhaps $2,000/month—what happened to the other $8,000?
What if you found a college student that could watch your kid during the day in exchange for free room and board? They could attend college at night or online.
Overcoming Limiting Beliefs 101: Defeating Self-Doubt
Bartering and trading will be the new currency. There are two reasons to barter and trade: taxes and currency freedom.
In the childcare example, let’s follow the money. You are using after-tax dollars to pay for childcare. The government taxes the childcare facility, and the childcare attendant will also get taxed on her earnings.
That’s a lot of money going into tax revenue. If you give a college student room and board, everyone wins. We did not generate any revenue, making this a powerful arrangement.
With inflation, and currency debasement (money losing value), we must prepare for new ways to track our spending. Prepare for Centrally Backed Digital Currency (CBDC) or a digital dollar.
5 Takeaways from “The Two-Income Trap”
Predicting the future. Soon the government and corporations will pay using the digital dollar. They will tax us on every transaction.
Do you need to transfer $5 to your son for some work he did? They may tax you. At the very least, they will know your son has $5 in his digital wallet.
The only way to keep a low profile is to barter and trade. You can go to Walmart to purchase your eggs, but they will be high-priced and taxed.
Instead, you could barter with your neighbor for eggs in exchange for walking their dog. Start thinking of ways to upskill or create products today.
Real Estate Investing in Your 70s
Working as a community. We were never supposed to live alone and pay for services. Money is an exchange of value, so it holds no weight without value.
The more we depend on businesses to do our products or services, the more we pay. Let’s take the current property management situation.
Property managers care strictly about money (their money). Sorry to offend, but it is what it is. Today, they charge obscene amounts of money for renters to move into a home.
As a landlord, I recently had an older couple interview to move into one of my properties. We both saved a ton of money by shaking hands and building trust. In fact, the lady started crying because I just wanted the first month’s rent (not close to $10,000 in fees).
505 Takeaways from 101 Books
Money is not our savior. Money is not our savior, nor was it ever. Adding value to the world is the only way to survive.
Pushing around emails, creating red tape, micro-managing others, and living alone are not adding value to anyone.
In San Diego, I watch older people paying gardeners, window cleaners, pool cleaners, handymen, car washers, etc., just to live here. It’s ridiculous; where are their kids?
Inflation Ate My Paycheck 103: Creator, Investor, Tycoon, Entrepreneur
Conclusion. I’m retiring this year and going back to my roots. My wife is already on our homestead. Next year, we will start a garden and teach our kids how to grow fruits and veggies.
I’m preparing for the future. Your job is just a means to an end. A way to give you top cover as you create a homestead.
We tried living independently and paying for services—it didn’t work. We need tribes and communities; we need barter and trade. Get ready and good luck!
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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