Stay broke

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www.youtube.com/watch

10 things I learned after losing a lot of money | Dorothee Loorbach | TEDxMunster

13:58
“..and day and night I felt this blind panic. I couldn’t breathe. There is no way out. I was suffocating.

So the first thing, the only thing I could do … was breathe.
I freed my mind and I made a decision.

I was going to be successful in the direction of my purpose. »

14:35
9. Stay broke
“Epictitus said a very long time ago wealth consists not in having great possessions but in having few wants.”

Ethics

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One approach to the field of Ethics is to look at

1. THE DEFINITION : Is it in the interests of the common good.

2. THE TEST : Would you take the above defined ethical action even if it involved a sacrifice on your part?

3. THE CHALLENGE :
a) Defining what is in the common good.
b) Hierarchy of different “common goods”

A Family Business -by Sisyphus

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Sometimes it’s best to just take the money on the table…and start afresh. I stumble out of bed and the weight on my shoulders stumbles with me into the washroom.

My family is a 50% shareholder in a 22 year old business. We supplied all of the equity capital and invested it in my brother in law who is an analytical chemist.

For his technical know-how and operational management, his family was given 50% of the company – lesson number 1.

Despite years of losses, he was paid a salary – lesson number 2.

Upon his request, I hired his son to do a job that maintain the ISO system that was largely developed by my cousin. Mistake number 3.

I invited all family members to board meetings – mistake number 4.

Lessons 5, 6, 7, 8…followed.

Now I am faced with the prospect that I am a participant, an unwilling one, but a participant nonetheless in the destruction of value and the loss of jobs.

My partner wants to invoke a liquidation clause in a badly drawn “partnership agreement” by a very expensive law firm. I hope you’re still counting.

This clause states that if he offers to buy me out, I can buy him out at the same value. Failing which, we liquidate the company. This makes no sense now. When it was a much smaller company it may have.

How the @#$% do you just liquidate a profitable company with no thought for the misery and hardship that will follow?
Ego.

He wasn’t always this way. Some say he is still a “nice person”. But regarding the issue of the business and myself he becomes a litigious demon.

In 2008 both of us signed an agreement that each would retire at age 65, with the option to renew directorship by annual contract. Upon turning age 65, he initiated a series of actions intended to remove me as a director.
He is now 68 and seems perfectly happy to destroy the business. On Friday 15th March, I received an email from his lawyer stating that they intend to proceed with liquidating the company. He says the business is his brainchild. It seems he would rather it close than operate without him. He sees the business, not as something separate, but an extension of his ..ego. (Is it my ego that makes me want to keep the business running?)

Flow, Dance, Play

The essence of suffering may be the result of an acute perception of time – a preoccupation with, and co-dependant responsibility for, both the anticipated future and shortcomings in maximizing the outcomes of events past.

Guilt is the result of memories. But memories do not accurately record the events of the past. Like mischievous imps, they add to and subtract from the whole truth.

Neurosis is not necessarily an indication of disease but a dis-ease, due to a highly sensitive empathy.

Both guilt and anxiety must be reduced by paradoxically allowing both to flow through.

Flow. Do not numb or push away. Let all perceptions flow. Let awareness be open – open not only to those people or media who are most insistent and demanding but to all information; especially that which quietly goes by ignored.

Observe.
Listen.
Allow guilt and fear to pass through.

They must not dam up and prevent new perceptions flowing in.
This resulting reclaimed space, an openness of mind, has a place to allow uncolored observations, and subtly layered thoughts, to dance and play in your mind.

Flow. Dance. Play. 🙂