Leverage

I’ve been reading ‘self-improvement’ books for the last five years. Some of those books dealt with financial and life management, where you leverage the money you earn to create more value for yourself. But until you reach that point in your life, it’s only a theoretical exercise to engage with – there is no point in thinking deeply into investing options or buying your way into freedom until you have money to buy options. I’m sure there are self-improvement adherents who will vehemently disagree with this, but the reality is you aren’t going to gain access to the game by saving money not buying lattes or avocado toast unless you are playing a really long game with a lot of good luck.

I’ve now hit a point in my life where options have opened up for my family, and we can make choices and trade-offs to build out a lifestyle that works best for our goals. This is not to say that all options are available to us – we have to carefully look at the tradeoffs and determine whether the downsides of any option are something we are comfortable living with (e.g. to pay for a given option, should we, say, reduce from two cars to one).

Part of this exercise is critically examining each of our assumptions and systems to determine if they are moving us towards what we want, or if they need to change to better align with what we want. This is where the concept of leverage has entered my mind, because when evaluating costs or expenses, it’s important to note that not all expenses are net negative. Some expenditures end up buying more value than what we spend on them.

This is the game in a nutshell – you trade your time for money. Money represents quantified time and effort that can be exchanged in markets with mixed goods. I spend time at work and my employer gives me money in return. I then take that money to purchases goods or services.

Until now, most of the way I thought about the game was surface-level transactions of 1:1 value transfer – I work x-hours for y-dollars. I then trade y-dollars for a good or service with a transactional value of y-dollars. I haven’t really given much thought to the value (that is, how much I value it subjectively) of the good or service provided back to me, and whether that value is higher than what I’m spending. I suppose I’ve thought about it in an abstract way, such as I receive more enjoyment from the thing than the money I spent on it; the opportunity cost is not higher than the value I’m getting from it.

By focusing on the surface-level transactions, the only metric that was critical was to ensure the revenue was not exceeded by the expenses, that I wasn’t spending more money to buy value than I was getting in exchange for my labour. It’s worked up until now, but the direction my family wants to head requires me to think more deeply about what those expenses are buying us.

Ideally, I should be seeking to engage leverage – I trade time for money, then use the money to buy time in greater quantities. What might this look like?

  • With my wages, I can lease or own a car. The money I spend on the car frees me up to commute to work on my own terms. I could get to work more cheaply, such as public transportation or cycling (ignoring environmental costs in this calculation), but then I’m trading cost for time. Having my own vehicle is more convenient, more comfortable, and faster, allowing me to maximize time at work and time at home.
  • With my wages, I can pay for cleaners to clean my house. This frees up more leisure time and cuts down on bickering in the house. It is cheaper for me to buy the supplies and do it myself, but I value the leisure and time with my family more than the cost.
  • With my wages, I can pay for daycare for our child. My spouse or I could quit our job to care for our child at home full time and save the money. However, the money we spend on childcare frees us up to earn multiples of what we spend for the childcare – e.g. at $1,000/month, we would spend $12,000/year for daycare so that we can make north of 5x of that in our jobs.

This is not an easy exercise as many of our expenses feel necessary on the one hand, or scary large in context. However at this point in our lives, we have to accept that our raw effort will only diminish (I can’t work all-nighters like I used to without significant physical cost), and there are no more hours in a day we can squeeze out through discipline and efficiency. We must now turn to leverage and force multipliers to translate what we have into higher value.

Stay Awesome,

Ryan

Post #302

I uploaded my post last week without much thought. When I went back to draft some ideas for a future post, I saw that Beachhead was my 301st post. I missed the opportunity to both celebrate the milestone and reflect on its significance.

Earlier this year, I missed the 5-year anniversary of this blog. I let the milestone pass by, unlike years past. I think part of the lack of enthusiasm for these significant milestones is due to general pandemic-induced apathy (we’re all feeling it). But the optimistic side of me also thinks that these milestones are less important than the work itself. I used to be more metrics-driven with my blog, excitedly noting the passing of the first year or the first 100-posts. However now I’m not concerned with reaching a future target but instead focus more on ensuring I’m keeping up with the weekly schedule and trying to come up with decent thoughts worth publishing.

That’s not to say that all of my posts are worth reading. I wouldn’t say I take a lot of pride in the final product of what goes up weekly; I’m not ashamed either. It’s just that the quality of the final draft isn’t as important as sitting down to do the work. Of taking an idea from brainstorm to coherent narrative. I find more satisfaction in putting in the work than the bragging rights of the final product. I try to think of it as more of a craft-mentality rather than creating a masterpiece corpus of writing.

Each post is an exercise that stretches the muscles, practices the movements, and gives me an opportunity to learn and develop slowly over time. At present, this blog operates at a loss (no income is generated to offset the nominal fees I pay for the site and URL). And I’m completely fine with that. At one time I thought about turning this into a brand and trying to monetize it. I’m not opposed to scraping money out of the endeavor, but it’s not the primary focus of this blog.

When I shifted away from the blog being an exercise in becoming a paramedic, it merely became a place to publicly share my practice of writing to meet a deadline. That’s good enough for me. It doesn’t have to seek to achieve anything grand – not everything has to be epic or monetizable. It’s still fun and I feel good shipping the work. As the mass of posts grow, I can look at the incremental progress and take satisfaction in what it represents – time well spent.

Stay Awesome,

Ryan

For the First Time, Since

Last week was a wonderful week of “first time, since” events for me. It was the first time, since the pandemic started, that I played board games with friends in their home. It was the first time, since probably the start of the pandemic, that I ate inside at a restaurant. It was the first time, since the bar closed, I got to see my colleagues and have a drink. And for the first time, since the birth of our son, I got my hair cut.

I’m under no illusions that this is over. The cynical side of me is expecting another lockdown (or at least a retraction of re-opening plans) in the fall. I know we are still a ways to go from where we ought to be if everyone bought into the plan by masking-up and getting double-dosed.

But for a brief moment, I got a chance to flex my extraverted side and give him some fresh air, while looking slight less like a caveman.

It’s the small things I get to relish for the first time, since.

Stay Awesome,

Ryan

A Decent Day

My productivity has been garbage recently. Maybe the lingering effects of working from home during the pandemic has finally ground me down, but I’ve been struggling with staying on task. I’m failing to prioritize my work, I’m failing to follow-through on intentions, and while I’m keeping up with some deliverables, it’s a real slog to turn stuff around. Even this blog consistently goes up days late.

I try to not take this to heart, because it genuinely wears me down. On a good day, I cross items off my list and stick to the pomodoro timer, letting its ticking provide a meditative soundtrack to my flow. On bad days, it feels like the whole days gets past me with nothing of substance to show; time that’s gobbled up by the Past forever.

On the days when I catch myself heading towards an abysmal performance by 5pm, I tell myself to just get one thing done. It doesn’t have to be huge or complicated, but get at least one important thing done and shipped, and you’ll have had a decent day.

It’s not the best day, it’s not a great day, but a decent day is better than nothing. And it’s easier to chain decent days together to push forward in your work.

Aim for decent days, when you get at least one thing done, then give yourself permission to be satisfied with that.

If you aim for perfection, you stall yourself out. If you aim for decent, you get at least this blog post out.

Stay Awesome,

Ryan

Parenting and the Return to “Normal”

I’ve been very fortunate to work from home since the start of the pandemic. I have only stepped foot in the office once in the last year, and have otherwise been plugging away at tasks from home. I was also fortunate that this time overlapped with the birth of our son, so I have been home for his first year of life. My wife returns to work in September, and our son will head off to daycare, signaling our first steps towards a return to “normal.” At present, I will likely continue working from home until January, assuming public health doesn’t pull back on restrictions to limit the virus spread.

Two recent podcasts had me reflecting on the kinds of things that changed about life both as a result of the pandemic as well as experiencing parenthood while at home. The first was a musing from The Daily Dad on the slow life of the pandemic, and the second was from Scott Young on how parenting changed his views on productivity.

The pandemic hit a hard stop to the busy lifestyle I had adopted. This isn’t to say I embraced “busyness” as a mark of distinction, but rather I was the kind of person who said yes to a lot of things and wanted to be involved in cool stuff. My calendar was filled with lots of obligations, work and social alike. I juggled three jobs while running a non-profit, a social club, and podcasting and vlogging projects. I enjoyed being busy and helping others.

But as a parent, I carry a different set of responsibilities that conflict with this kind of lifestyle. I was never faced with the choices to prune back my (mostly) optional obligations in order to fulfill my parental duties – the pandemic largely did that for me.

And as we think about returning to “normal,” I will obviously have to think carefully about what sorts of things I add back into my life (the pandemic will end, but being a parent won’t). Some of the effects from the pandemic and being at home to take a greater prominence in co-parenting our child makes me reflect on what kind of home life I wish to cultivate, and ask which elements of the pandemic do I want to carry forward into the new normal. For instance, in thinking about the slow life, things like bedtime routines, long blocks of time with kid(s), weekends set aside for family time, are all things I want to hold sacred.

The pandemic was referred to as The Great Pause. I should get some more of this thinking done before we un-pause and move on with life.

Stay Awesome,

Ryan

Return to Normal

Well, I certainly was optimistic in my last post about when I’d return to normal. The move proved to be a bit more onerous, so I missed last week’s post, as well as this week’s deadline. C’est la vie. We press on.

As we start getting our vaccines rolled out to younger folks in my part of the country, we are beginning to have virtual watercooler chats about what the return to normal will be. The gut-reaction is that our higher education institutions will kowtow to pressure to return to face-to-face delivery as soon as possible – whether it’s students looking for the ol’ college experience, administrators looking to address gaps in the bottom line, or employees desperate to escape working from home.

It’s tempting to think things will return to normal, back to the pre-pandemic status quo. We, as creatures of habit, like to slide back into what’s comfortable and expend the least amount of energy that we need to.

But knowing what I know about people, a “return to normal” is going to smack straight into the loss aversion wall – people don’t like to lose benefits once they have them. It switches to an entitlement mentality. I don’t mean this in a negative sense. Entitlements are good! When we talk about entitlements, it carries a negative connotation of something not earned. But to the contrary, I think “unearned” entitlements are the point of society, culture, and government. Rather than everyone being forced to create everything for themselves, we can leverage divisions in labour, experience, technology, and collective action to ensure that benefits get spread around. The metaphorical tide should raise all ships.

So, what does it mean when we are rushing back to return to normal – what do we think we are missing, and what would a return to normal cost us?

A return to normal means hours of commuting per week, instead of going upstairs to work.

A return to normal means rigid schedules and limited campus space, instead of blending the flexibility of synchronous and asynchronous delivery.

A return to normal means bringing back flu seasons at work.

A return to normal brings back all the issues around inclusion and accessibility for those who don’t fit the “normal” not built for them.

Here at home, a return to normal means less time with our infant son. It would also mean less quality time with my wife.

I haven’t packed a lunch in a year. My office dress clothes have been hanging untouched in my closet. I’ve fueled up as many times as maybe months we’ve been working from home.

Not everyone is as fortunate as I am to still be working from home. Many employees at my institution still have to go on campus to work because they’re essential, so their current normal differs from mine. However, we must question whether we want the consequences of having the rest of us join the essential few. I sincerely doubt it is automatically a return to something better.

Stay Awesome,

Ryan

The Value of Shoveling

*Note – I didn’t have a blog post prepared for today, so here is a post I had drafted a few weeks back that didn’t get published.*

***

Like many folks, we had a moderate dumping of snow last week [Editors note: as of April 19th, we did not receive snow last week where I live. We did, however, have several rounds of hail.]. Surprisingly, we’ve had a fairly mild winter so far with only one or two times where I’ve had to contend with heavy snow on the driveway. I’m normally able to clear our driveway in 20-30 minutes by pushing the snow off to the side (for reference, our wide driveway can easily fit six vehicles if needed).

When we get a heavier dumping of snow, my wife will ask if we’ve finally hit the point where it’s time to get a snow-blower. I’ve resisted getting a snow-blower for a few years now. I grant that it would make my life easier to have the machine do the work while I casually stroll behind its lumbering frame. I’ve used my father’s machine, so I’m comfortable with operating it, and I’m not opposed to owning one per se. But I have a few reasons to shy away from jumping in and joining my many neighbours who use a machine to clear their property.

We don’t really receive the kinds of snow dumps that would make it worth it, in my mind. The majority of our snowfalls are fairly light, so using a machine to clear the snow seems like overkill. Instead, spending a short amount of time to clear the snow and letting the sun take care of the rest of the work on the asphalt seems like a better use of my money.

Speaking of money, it’s a large investment to purchase and maintain a snow-blower. I have a very limited (read: none) knowledge of small engine maintenance, so I’d have to spend money each season to properly clean, prep, lubricate, tune, and run the machine. Owning a shovel and using sweat equity is such a small cost by comparison, and it’s way better for the environment.

Of course, there is the topic of my time – is it worth my time to manually clear snow. On this, there are two considerations. For light snowfalls, I don’t think the machine would take any less time for me to clear the snow when you factor in starting the machine, clearing snow, moving vehicles, and putting the machine away, whereas with a shovel I just work around the cars and push everything to the side. But there is something to the idea of cutting my time in half to clear a heavy snowfall.

To this, though, I’m in favour of manually clearing snow because I value the exercise and manual labour of the activity. While I’m able-bodied, I’m happy to sweat it out and get my heartrate up for an hour (especially during the pandemic where I’m spending far too much time sitting these days). I find it very satisfying to work on my property, and at the end of the task I can connect the exertion I feel with the snow piled up alongside my driveway.

I’m sure there will come a day in the future when I’ll concede and get a snow-blower (to my wife’s delight, as she refuses to shovel). I suppose in the interim, I can always tap the free labour my son will provide (when he gets a little older).

Stay Awesome,

Ryan

The Duke of Edinburgh’s Impact on My Life

With the passing of Prince Philip last week, I reflected on his impact on my life. Normally, the goings-on of the Royal family impacts me little directly, albeit I am a commonwealth subject as a Canadian. However, Prince Philip was also the creator of the Duke of Edinburgh Award Program, which I participated in as a youth. I was fortunate to be introduced to the program during my Army Cadet days, and I progressed through each of the three levels before I aged out of the program, completing my Gold Level in late 2011.

I recently participated in a survey of Gold Level holders asking about the program’s impact on my life. At the time, I answered that the program had little lasting impact on me. I said this in relation to each of the four core areas of the program – physical fitness, skill development, community service, and the adventure component. For each of these areas, I felt like little had directly carried over all these years later. I’m not a particularly fit person, I don’t remember any of the skills I had developed, and I haven’t gone camping in about a decade. The only domain that I am still highly active in concerns volunteering.

So, on the surface, I feel somewhat disconnected from my achievements in the DofE program. Yet, as I reflected over the weekend, I was struck by a realization: had it not been for my gold level trip to Kenya (I joined a group who travelled to Kenya in 2007 to perform a service project and climb Mt. Kenya), I would not be where I am today.

My trip overseas came at the midpoint of my undergraduate experience. As I returned home and went back to school in September 2007 for my third year, I had a profound change in outlook. Prior to my trip, I was a residence-body. I rarely ventured out beyond the dorms and was too shy to join on-campus clubs and groups. But after returning from the trip, when I was faced with an opportunity that I was nervous to attempt, I would remind myself that I had just climbed a mountain, and now anything seemed possible. It gave me the confidence to step outside of my shyness and embrace new challenges.

I joined the campus first aid team and the departmental undergraduate society. In time, I took over both groups and lead my peers through successful tenures as Operations Coordinator and Society President respectively. I committed more fully to my studies, and continued my education into graduate school. The friends I made on the first aid team lead me to a job in the gambling lab as a field researcher. It also lead me through the same connections to volunteering for a local non-profit board and working with the local Community Foundation. Those experiences then helped me get my first full time job at Conestoga College, where I currently am employed.

I’m not saying that I wouldn’t be where I am had I not been in the DofE program. However, I can draw a strong link through each of these personal developments that traces back to a decision I made one day to join in when a friend told me about this fun opportunity to travel abroad. And while I don’t often remind myself anymore that I climbed a mountain when I’m trying to convince myself to be brave, I feel a deep sense of gratitude for being a part of something that pushed me to grow beyond what I thought I was capable.

Kurt Hahn was a mentor of Prince Philip who provide inspiration for what would become the DofE program. He is known for saying that “there is more in us than we know if we could be made to see it; perhaps, for the rest of our lives we will be unwilling to settle for less.” Without realizing it, these words infused themselves into who I am as a person, and I didn’t understand what it meant or its impact until the passing of Prince Philip.

Rest in Peace, His Royal Highness, The Prince Philip, Duke of Edinburgh.

Stay Awesome,

Ryan

Increasing Vocabulary To Understand Experience

On a recent episode of the podcast Owls at Dawn, one of the cohosts shared the tragic news of a loss in the family due to suicide. He discusses some of his family history and his relationship with faith as he takes time to publicly process some of his grief. It’s a haunting and sad episode. I appreciate that he shared his grief and I hope he and his family can recover from the loss.

One section of his thoughts veered into an idea that I wanted to capture here. He discusses the feeling one has coming out of a crisis of faith (in the context of the episode, it was largely about religion, but this could equally apply to a crisis of identity as well). When one feels themselves breaking away from faith, it sounds as if it creates a vacuum of epistemic knowledge about how one engages with or defines oneself against the world. Austin, the host, notes that if you lack a kind of vocabulary to apply meaning and labels to your worldview, it can create a kind of despair because of the anxiety that comes with not knowing how to relate to ones feelings.

This reminds me of those lists you see floating around the internet of words to describe feelings in other languages that don’t have analogues in the English language. I always enjoy reading these lists and seeing if I can recall a time I’ve felt the emotion being described. I feel a sense of excitement when I discover a label to apply to how I feel, but more importantly than that, it gives me an epistemic awareness of the feeling so I can identify and name it in the future if it happens again.

What happened to Austin’s family member was tragic, and I don’t know if having a vocabulary to describe the emotions he was feeling would have helped bring him comfort. I think there is a lesson to be learned here about the importance of increasing one’s own vocabulary of the lived-experiences of others so that you can either a.) have a greater sense of empathy to the inner lives of people different from yourself, or b.) be more sensitive to your own emotional states to help you make sense of the world.

By naming the feeling, you can come to understand it. And by understanding it, you can work towards addressing, integrating it, or enriching your identity and sense of self.

Austin, I’m sorry for your loss.

Stay Awesome,

Ryan