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Books in the Big Yellow Taxi

Books in the Big Yellow Taxi

There is a short story I read once about how Canada didn’t have a lot of famous authors because it was a cold country. I don’t remember much else except that I a> read it as part of my coursework either in university OR high school; b> it was in an anthology of short stories; c> for years I thought it was by Stephen Leacock. I have poured through Leacock’s collections, quizzed my librarian friends and have even begged on social media for someone to help me remember what this story was from. So far, nothing.

But in that process, I realized how fickle the world can be. Stephen Leacock was a HUGELY famous in his time, widely regarded as the world’s best humourist who went on to inspire other famous people such as Groucho Marx. Today though, probably the only reason we know of him is because of the required reading of Sunshine Sketches of a Little Town in high school. While I wouldn’t say he’s completely disappeared from literary scene, I feel that Leacock is only known to a contemporary audience because of the requirement to take Canadian Literature classes in high school & university. It’s the same CanCon phenomenon that makes the CBC turn out fantastic shows like Schitt’s Creek and Kim’s Convenience. I’m not mad about it.

I was disappointed – but not surprised – by the ruling against The Internet Archive recently. I suppose eventually it may end up like Napster – too visionary for its time and replaced by the bottom-feeding capitalism of Spotify who is lauded for what Napster was condemned for doing. In fact, the new partnership with google probably signals that very thing, exactly as now google will have its finger in yet another piece of our collective pie.

Still, bright lights exist. Today, I loved reading Vanishing Culture: on the impact of forgotten books by Brad Bigalow. It turned me onto his Recovered Books project. I love that people are out there preserving history and culture by bringing old works to the surface again.

My friend Sara argues with me about modern books, preferring to read works that stand the test of time. Her perspective is that, “Time is a sieve, and it weeds out irrelevant works.” But not all art and culture needs to be relevant 100 years from now. They can be perfect for helping people navigate the here & now and still be worth engaging with! Conversely, I also agree with AJ Jacobs in his book Breaking Bread With the Dead that we shouldn’t throw out all historical works just because they don’t align with our modern sensibilities, instead we should engage with them, be challenged by them. No need to give up the modern invention of the shower NOR throw the baby out with the bathwater. As the internet asks, “Why not both?”

I was surprised to see the Five Little Peppers and How They Grew in the Recovered Bookstore. I had this book as a child growing up in the 80s and it never occurred to me that it hadn’t really been a part of the modern bibliography, until now. But I guess it is the way of a lot of art and media: you don’t know what you’ve got til it’s gone.

PS: Incidentally, my friend Angela has been looking for a copy of Pump Up the Volume forever. She mentioned it was one of her fav movies of the 90s and wanted to rewatch it to see if it still held up. She mentioned that she couldn’t find it anywhere. I also tried to find it and noticed that it wasn’t anywhere: not on video websites, not on streaming services, not even on torrent sites! But low and behold – The Internet Archive has copy of it. HASHTAG BLESS.


Well in my day, sonny boy, we had this thing called RADIO…

It’s beginning to look a lot like…tax season

It’s beginning to look a lot like…tax season

It’s winter sports season here at The Mullet*. Our front hall is jam-packed with snowboard and skiing gear plus my scooter for when we go and see the PWHL games. Mitts, and hats, and a variety of winter and waterproof gear…oh my! If you are going to stay in Canada for the winter, you really have to embrace Canadian winters.

I had to print out a physical schedule because between the hockey games, the Eldest’s two jobs, and the activities for the youngest, we had way too much to remember off the top of our heads. The actual ice and snow sport season only really runs from January – March (until March break), so 8-10 weeks. But the season feels long because we are super busy with the regular lessons and sports of the year as well. At least, the pure chaos is interspersed with books and a roaring fireplace.

Speaking of books, I have been reading non-stop lately. I finished What we Knew (mentioned in Morgan Housel’s book, Same as Ever) in less than 24 hours. While I generally avoid WWII stuff unless it’s a Ken Burns offering (and I certainly avoid fiction based in that era) I do love stories and storytelling from a first person perspective. WWK is based on a study that spanned ten years in which they interviewed survivors from Germany – both Jews and non-Jews as well as officers who were in the German army. It’s a fascinating book of detailed – and varied – experiences and I highly recommend it. I am now onto The Great Depression (also mentioned in that book). It’s a series of journal entries by a lawyer who lived through the Great Depression and who tried to make sense of the economy while it was happening. Both are Interlibrary Loans so I needed to finish them up before they are due. So I spent yesterday just reading and avoiding the internet entirely. I’m not mad about it.

Link (yes, singular)
One article today due to the doubling-down on book reading recently: Judging by the people around me, chances are they won’t have even close to the “recommended” amounts of retirement savings suggested by the financial industry. I just don’t see the majority of people sitting on millions when they have started late, feel more comfortable working with FAs who take a percentage, and prefer low-risk investments. Still, looking at history they may be ok, anyway. Boomers: the retirement crisis that wasn’t.

We’ve achieved our goals 6 months early!
In January 2021 I wrote a post called The Three Year Plan. I went back today and realized that it was really the 2.5 year plan! We managed to do all of the things on the list: pay off our mortgage, max my RDSP, fully fund the kids RESPs (ongoing because there is a yearly max for matched contributions), and we met our goal of how much we decided to invest in Mr. Tucker’s RRSP before he could retire. We met these goals last July.

I suppose the only addition here is that we are selling the condo. We hadn’t foreseen the drama there (you can’t anticipate everything). We only really kept it because a relative needed a place to go (…and no good deed goes unpunished). Until it sells though, we can’t have Mr. Tucker retire as the mortgage/condo fees come out of his pay while it is on the market. Otherwise, we are pretty set up & we won’t need to touch our investments for 15ish years. We will also have a good amount tucked away for emergencies, travel and future spending.

Drawdown plan
While I adore people who get down into the nitty gritty of the numbers, I am more of a lacklustre financial traveler: I aim my boat in the direction it needs to go in and adjust periodically. I don’t obsess about market timing, watching my investments like a hawk or the minutiae of planning my taxes perfectly. Should I? Maybe. But I just don’t want to be that person.

TFSAs vs. RRSPs**? We all know that the answer is, “ideally, both.” But for us the answer has been RRSPs. Why? Because Mr. Tucker’s plan is to retire early and so he will go from a high salary to no salary (the year after). So reducing that up front was the best case scenario, in my opinion.

The goal is to draw down the Basic Personal Amount (BPA) – which is the amount of money that you can make (or withdraw from an RRSP) without paying taxes – and then flip it into our TFSAs in the 20 years between when he stops working and when the government forces him to transfer his RRSP to a RRIF (Registered Retirement Income Fund) where he is forced to draw out a percentage every year. Because we didn’t have enough money to contribute to both the RRSP and the TFSA at the same time, we prioritized today’s tax burden.

Yes, we may take a hit on our investments (but we may gain as well) by doing this and the government will hold back 10% on the first $5000 and 20% on the next $10000 but we will see that as a tax refund the following year. Yes, I know refunds are not ideal but the goal is to drawdown the RRSP and then load up the TFSA so that when we are 71, we won’t have much left in the RRSPs for them to tax at 20%+. The money will keep growing in our TFSAs tax free over the years, and when we go to get our CPP/OAS at 65+ the withdrawals from our TFSAs will also be tax-free.

My opinion is that the TFSA is a much better savings vehicle in general unless you are a high-income earner. If I made under the $111,733 I would definitely prioritize the TFSA followed by the FHSA (the First Time Homebuyers Savings Account) – regardless of whether or not you want to purchase a home. Why? Because you get a tax credit for money you put into a FHSA so it reduces your taxes today. On top of that, then it can sit in investments for 15 years making money. If you go to buy a home with it you get to withdraw all the deposits and interest tax free but if you don’t end up buying a home, you can transfer the money to an RRSP without affecting your RRSP contribution room.

The other fun game would be to mix it up. If you make $65000 you may want to contribute $9133 to an RRSP to bring your taxable income down to the lower tax bracket of $55867 netting yourself a cool $1872.27 back on your tax return, as you don’t have to pay the marginal tax rate of 20.5% on that $9133. Then you can toss that into your TFSA, getting you the best of both worlds.

It’s always fun to play with the numbers and see what the best option would be for your own particular situation. Since it is the beginning of the year AND we are about to head into Tax Season, maybe it’s time to plan for the upcoming year? Here are the tax brackets for 2024:


*To see the front and to see the back of my house is to know why we call our house The Mullet
** I am going to assume that everyone is familiar with both Tax Free Savings Accounts and the Registered Retirement Savings Program

Haus of Plague

Haus of Plague

What I am reading
• Do Early Retirement principles still work? (I was very tempted to add, “IN THIS ECONOMY?” 😂)
• Revenge of the renter. Will we see more rent strikes in Canada?
• Dave Ramsey has lost the plot and is recommending an 8% drawdown rate in retirement. I don’t know who else thinks this but I feel like the best personal finance advice authors wrote their content in a few books and then the authors quit. I am wary of people who keep churning out new books on old advice.
• HAH: my friend M sent me this right after I wrote that supernerds unite against Dave Ramsey’s 8% withdrawal rate.

I absolutely slogged through the intro of The Lost Supper: searching for the future of food in flavours of the past. I figured I’d give the first chapter a whirl and then give it up if I wanted to. But by the middle of that first chapter I was absolutely hooked! It’s a fantastic combination of history, storytelling, food and the environment and I haven’t really been able to put it down. Info-heavy non-fiction can often be difficult to get through but this book is pretty interesting for those of you who enjoy the history of food.

Stay in your rooms!

The Eldest has covid and The Youngest has a gastro so the air purifier is going at full tilt today. Poor Mr. Tucker has been running around trying to make sure everyone has their needs met. Luckily, we always keep some frozen meals around for weeks like this – we learned the hard way that it was much better to have an emergency stash of ready-to-heat-and-eat meals vs. ordering takeout. It was frozen lasagna and spinach salad to the rescue last night!

Tonight will probably also be an easy-ish dinner because Mr. Tucker is working long hours and we have a bunch of things happening this week: the contractor is coming to replace the broken front window, appliances for the condo are coming & Mr. Tucker is supposed to go out with friends this weekend…although that probably won’t happen unless we’re all testing negative.

C’est la vie.



Faith, Hope and Carnage (and alcohol)

Faith, Hope and Carnage (and alcohol)

Link
• Why are things so expensive in Canada?

• The New Escapologist on on a video of a video floating around about how 9-to-5 culture sucks. I was telling Mr. Tucker that in 2002 when I lived on one side of the city it took me 15-20 minutes to get to the other side of the city for work (by car). When I went back to work in 2012 it took me 45 minutes to get from one side of the city to downtown (by car). For most of 9-to-5 history, people lived close to work or within a reasonable commute. But cities haven’t been moving people as efficiently as they should be and now commutes are longer, traffic is worse and public transport is a farce.

Books & booze
I’ve been reading the book (or, really, the very long interview) Faith, Hope and Carnage by Nick Cave and Séan O’Hagan. I have been enjoying Nick Cave’s The Red Hand Files quite a bit this year since discovering it so I figured it would be very similar. I was not wrong. It’s funny because I am very much goth-adjacent but have never really listened to Nick Cave and the Bad Seeds. So this week I am changing that and going back and listening to some. I find it very strange that I didn’t listen to this in the 90s but I suppose we can’t know or experience everything.

I didn’t know anything about journalist, Séan O’Hagan but it’s clear that these two men have known each other for awhile. So when I googled him, I came across this piece he did for The Guardian in 2002: I Can See Clearly Now. I don’t know if it is serendipity or the universe colluding to send me love letters for change or what but Mr. Tucker and I had justjust been discussing making 2024 another sober year.

For some background, like other people we started the pandemic in 2020 by increasing our alcohol intake substantially. Having a backyard with a pool makes it also very easy to slip into long, leisurely summer days of floating on top of the water with a drink – especially when there is no where to go and nothing to do. By the fall however, it had become abundantly clear that we were spending a lot of time and money on alcohol. So on Halloween night 2020 we quit alcohol for a year.

Like O’Hagan, quitting alcohol wasn’t as much of a worry as I thought it would be. I braced myself for the need to sooth with alcohol and I just didn’t have as bad of an experience as I had been anticipating. There were some difficult moments – specifically when we rented cottages on Manitoulin Island with two other families – but they passed quickly. But of course at my friend A’s birthday party on Halloween 2021, I was back in the cups.

Honestly, I have never gone back to my previous levels of alcohol consumption. Since then I have been more of a sporadic and not habitual user. It’s been a bit weird because I can’t tease out whether or not it is because alcohol really affects my PLS or if I just have naturally gravitated away from the stressful years where I used alcohol as a crutch? Maybe both? The pandemic definitely eliminated a lot of stressful elements from our lives after we got over the initial stress of being in a global pandemic. We no longer hosted elaborate holiday meals no one appreciated (but felt obligated to attend). Holidays became joyous, small affairs. We no longer had to rush around from activity to activity for the kids or entertain people who imposed their unwanted, judgement-filled visits on us. The last stressors we truly have that are weighty at the moment are the condo and Mr. Tucker’s job – and getting rid of one means we will get rid of the other!

[I was going to opine here about how sobriety culture is now replacing wine mom culture it seems but I feel like that would be a distraction. Perhaps a post for another day but in general, alcohol is most certainly poison but so are a lot of things. Having said that, sobriety has zero risks aside from being pegged as not fun at parties]

At any rate, it’s interesting that Mr. Tucker and I have always jived when it comes to our behaviour – both good and bad. So it isn’t surprising that we are matched in our current alcohol consumption. Since 2024 will be the year we a> take up gaming again; b> he will hopefully retire it will be interesting to see how that changes many things in our lives. Until then, we head into the holiday season with a budget for some celebratory drinks.

A jot a day: Thursday, October 19, 2023

A jot a day: Thursday, October 19, 2023

Links

AI in property valuation: The Most Consequential Algorithms You’ve Never Heard Of. My friend Jenn sent me this, so, hat tip to her!

Inflation is cooling, the cost of living crisis is not. I found the graph on pessimism and inflation interesting as so much of the market is perception and not fact.

The Commonplace Book: where early modern thinkers collected ideas was the internet of its time. I never knew about Commonplace Books until I read this article and I love the idea. I have historically kept notes when I read books but that habit has fallen by the wayside this year. I think I want to start back up again keeping snippets of wisdom from various places. When I posted that article to facebook, a friend of mine told me that every year her mother assembles a Commonplace Book which she sends out at Christmas. What a lovely idea!

• “On the other hand, too many people ignore creature comforts and decide to spend their funds on investment management while they fly in the steerage.” One Size Fits One Spending in Retirement.

Feeling lucky, punk? Really lucky people may have a specific set of skills that bring chance opportunities their way.

30 things you can do today to reduce debt. I have a love/hate relationship with “little treats” culture. On the one hand, yes, you should definitely treat yourself regularly as a way to bolster your mood and reward yourself. On the other hand, if you are drowning in debt and it is keeping you up at night, maybe a $210/month latte habit should be revisited? This list is a good one if you are new to rethinking your spending and are wondering where to start.

Which kind of flips into a teeny rant about

Girl Math…what the everloving f..? Aside from being horribly idiotic calling it girl math is just a wildly sexist moniker for what is just poor financial management. Tik Tok trends are wild for their absolutely bonkers ideas that get traction because they feel good not because they’re right. You know what Girl Math SHOULD be? Setting aside a nice chunk of change for discretionary purchases that you just don’t beat yourself up over. But when it’s gone, it’s gone.

Books

Mr. Tucker and I have started a habit of sitting down after he gets off of work, lighting a candle and just chatting for a bit before we start dinner. The other night I asked him if he had ever read The Wealthy Barber, and he said he hadn’t. I was surprised!

If I could recommend ONE BOOK to anyone trying to learn more about personal finance (aka, someone who has zero knowledge and doesn’t know where to start) I would 100% recommend The Wealthy Barber. Replace “mutual funds” with “index funds*” (in the 90s when this was written, index funds weren’t as well known). Having said that, it is extremely dated and some of the language and descriptions are – as the kids would say – CRINGE. However, if you can look past that and think of it as a product of its time, the narrative makes an easily digestible story about the basic tenets of personal finance.

Like I have mentioned before, humans learn best through storytelling so this is where this book really shines. I also think The Rule of 30 is great stab at a narrative personal finance book (albeit wrong about the trajectory of inflation post-pandemic – but smart people will look past that and realize that the core info is still good) but a little more complex with the charts and numbers. That makes it a bit more confusing for many folks.

Today I pick up a SUPAH SEKRIT non-fiction book that I happen to be in and so I received an advance copy of it.

Today

Mr. Tucker is heading to the condo to finish off a few details. I am going to research new appliances in the hope that we can get them delivered soon so the condo can go on the market as soon as possible.

#13DaysOfHalloweenMovies

UGH. Last year The Eldest wanted to watch The VVitch (she loves Anya Taylor Joy) but we nixed it because we felt it was too scary. It ended up on the list this year and BOY HOWDY did it have mixed reviews. There be SPOILERS below.

The Youngest: 0/10 Unnecessary screeching and praying & naked children are weird and gross.

The Eldest: 0/10 I’m traumatized. Never again.

Mr. Tucker: 10/10 Uncomfortable. Atmospheric. Weird. Unpredictable. Original. Nailed the ending. (special shoutout to the scene with the mother and the crow)

So for context, my children always find anything we find terrifying to be NO BIG DEAL. They generally don’t get scared by much and are constantly trying to convince us that they can handle even the scariest of movies. We do try and push off the movies we think are bad but when we do eventually watch them the kids usually roll their eyes at us for thinking it was scary.

in the middle of The VVitch The Eldest got up, announced that she was absolutely done with the movie and then left. Her sister ALSO left with her. Mr. Tucker and I kept watching and were generally enjoying it but 10 minutes later, The Eldest came back crying and saying that she was really upset about the movie. In her defense, it would have been good to know in advance that a baby is brutally murdered and a dog dies in it. There is also a fairly graphic representation of both of these things. It also has some borderline themes of child sexuality which is fairly creepy (Mr. Tucker noticed that in the credits they had an on-site therapist). Also, the dialogue is incredibly difficult to understand, leading to some confusion.

We talked it out and I explained that I NEVER want her to stay in an uncomfortable situation (whether its feeling like she has to consume media, or whether or not people make her uncomfortable) and that she has every right to decide that it isn’t for her and to leave. We had a pretty big discussion about it and she felt a lot better by the time she went to bed. But I felt badly that it had affected her so much. Truth be told, had I known in advance I would have 100% eliminated this movie.

Having said that, I enjoyed it. I found it super interesting that he wrote the movie based on the records and folklore from the era. I originally thought it was going to be a psychological thriller based on a family going wonky in the wilderness, alone. So it was surprising when it went full supernatural.

The scenes were just so haunting. It managed to capture the absolute vastness of the landscape and lack of human connection through the lens of people who left the plantation. You could really feel how terrifying it must have been for the Pilgrims to come to the new world where it was nothing but miles and miles of new territory and unknown fears lurking around every corner.

Anyway, happy Thursday!

*yes, I know that index funds are a type of mutual fund which isn’t actively managed but for the purposes of not being a pedant where it is low stakes, I am going to define them as different things.

Optomizer vs Satisfier

Optomizer vs Satisfier


Here I am satisfying my need to consume university-priced pitchers at a local brewery last night at book club. It was a $20 night out, which never happens!

I am not an Optimizer. Granted, I LOOOOOOVE reading blogs that get into the weeds with detailed tax, investment and savings strategies but I am not that person. I enjoy a rousing debate and when personal finance keeners bring out the calculators and start fighting, I make some popcorn and watch. But I am not that person.

I don’t budget down to every penny. I don’t know the asset allocation of every ETF available on the market. I just see which ones have the average allocations that represent the markets/indexes/regions I want (and the fees I don’t) and then I push the BUY button. I know that this makes some people deeply, deeply uncomfortable.

But here is the thing: I know SO MANY PEOPLE who just walk into a bank/sign up for a salesperson to take 1% of their money (whether they are good at making YOU money or not) and then they just wipe their hands and walk away. They feel confident that a “professional” is taking care of their money when they are truly getting scammed.

Conversely, I know people who are DOING NOTHING. Scared of the stock market, they let their cash accumulate in accounts where their cash is being slowly eroded by inflation. Even sticking that into a 5% GIC would be at least doing something that would at least be stemming the hemorrhage of your buying power to inflation.

Both of these kinds of people are doing the exact same thing: they don’t trust themselves enough to learn the basics and they are scared that they will lose everything. So they make the most inefficient decisions possible because it feels comfortable.

Don’t get me wrong, I think money psychology is super important. You have to make decisions that help you sleep at night. But I feel like you can only make those decisions if you have all of the facts and oftentimes people don’t. They try and play it safe because they don’t know (or don’t want to learn) the basics of how to invest and in the process they allow themselves to fall victim to a predatory financial sales community or lose their money as it gets eroded by inflation over time. Sure, it may feel good to be stagnant and/or ignorant today but what this means is that you will lose your access to a secure or even bountiful retirement. The longer you wait, the more you lose.

People often get the impression that I know the ins-and-out of the stock market because I do enjoy discussing it, either in our Money Mondays group or with friends. But in reality I only really know how the basics work. And more controversially, I truly believe the following things:

1 – Most Financial Advisors don’t know more than you could learn on your own by reading a few books. Still scared? Get a fee-only FA. They are worth the money to help build you a plan without draining your nest egg.
2 – The average person doesn’t need to know much more than the basics of the stock market (although, I do recommend they learn as much as possible!).
3 – Inflation is like losing money every year. We tend to feel good psychologically if our $100000 stays at $100000 from one year to the next. But, realistically you can only buy $97000 worth of goods this year with that money when inflation is at 3%. That’s actually a $3000 loss that you don’t see.

Things that you do need to know:
1 – Invest regularly, preferably you can set it up to automatically fund your accounts and then forget it(ish).
2 – How ETFs/Index funds (and maybe even Robo-Advisors) work.
3 – Know what tax shelters are available to you in your country and learn how to use them (ie: retirement accounts)
4 – Only look at your accounts once a year.

Some people are on the cusp of having a coronary just reading that. But I am not an Optimizer, I am a Satisfier. I am satisfied to point myself in the right direction and then hobble down that road. I am not sprinting to some ridiculous goal of making my bajillions on stock tips, I am looking to make a decent decision (buying the index for an average return) while minimizing my losses (fees, inflation). The average return of the S&P is 11+% (1957-2021) and the average return of the TSX is 9+% between (1960-2020). So logic dictates what Jack Bogel introduced to the world: if you buy the entire thing as an index fund, your returns will follow the market.

Of course, I am simplifying things (and nothing works out 100% of the time) but that is the beauty of it: it’s that simple! You don’t need through reams of company reports and a deep knowledge of how every company you buy works. You just need to know that you are heading down a road that even when it gets winding and rocky (when the average return is down, like last year) will eventually take you to where you are going. As a satisfier, that is good enough for me. You give up huge gains for steady growth and the ability to sleep at night.

I do my budget the exact same way. I lay out all of the mandatory things (bills, savings) and set it up to come out of my account as much as I can. Whatever is leftover is mine to do with what I want. I don’t do a zero-budget where every single penny has to be allocated like an Optimizer would. Being a Satisfier, I just have to be concerned about my obligations and then the rest is mine to toss around. Of course, I am frugal in many ways (how does a green bean know that it is a generic vs name brand green bean?) and that allows me to save more in my day-to-day life on things I don’t care about. But that means I can just allocate more to my more expensive habits, like travel.

“BuT tUcKeR, aRe YoU sAyInG pEoPlE sHoUlD bUy InVeStMeNtS tHeY dOn’T uNdErStAnd?”

No. I am saying that they only need to know the basics, not become experts*. Historically, over time, the stock market always goes up**. If the bottom falls out of the entire economy, we won’t even have to worry about our investments because we will need to grab our leather thongs and fire guitars and wander out into the Mad Max desert.

If you are still worried, PLEASE, PLEASE, PLEASE read JL Collins’ book, The Simple Path to Wealth which will give you more info to change your life than any other book out there.

*I am not a Financial Planner nor do I play one on tv. Quite frankly, they’re probably acting too.
**It doesn’t mean it always will in the future but again: we’ll have bigger problems if it comes to that…

The History of work & the fallout

The History of work & the fallout

On our flight back from Puerto Rico in March, I ended up watching a documentary on overwork. It’s a very basic overview on the issue but I found it a good primer. It’s only 50 minutes long and you can find it online here:



Until I was diagnosed in 2018 I ran a blog that was loosely based on early retirement. Even before that, I had a livejournal that was personal but that also discussed frugality and Simple Living. I think I was lucky in the fact that when I was 18 years old and poor as shit, I came across The Tightwad Gazette which led me to Your Money or Your life – the de facto standard on early retirement. Since then, it was my goal to work as little as possible, save as much as possible and hopefully be out of the rat race fairly early in life.

I mean, GOAL ACHIEVED! C’mon, you HAVE to laugh: the universe has a cruel sense of humour.

(I have already discussed this origin story in this post if you are interested in the long version)

Of course, I would have loved to have continued working and been able bodied for a long, long time but given that this wasn’t an option, being able to keep some semblance of a salary plus benefits was a close second. As Tyrion Lannister said, “If you’re going to be a cripple, be a rich cripple.” While I’m not rich, I am also not struggling which is a gift.

So once we adapted to this we started working on Mr. Tucker’s escape from work but then he changed his mind. Since then, he’s received a promotion with a substantial raise, which is great considering how much inflation we’ve seen lately (and our appliances are dropping like flies, which is a post in itself).

Still, I am still interested in the idea of early retirement and working less because I feel it’s something that our communities (and the society at large) as well as the environment need. I think it’s absolutely bonkerstown that we can’t figure out how to make permanent part-time work…work. It’s interesting to watch Canada move towards universal dental care in the next couple of years with universal pharma care maybe not far behind it. These stressors are what make people panic about not working full time even though if more people worked part time there would be more work for everyone. Of course, since it’s an employees market right now, there may be room to negotiate these better hours for people.

The pandemic has really shone a light on how much we are stuck on that idea of workplaces as factories. There has been a battle between employees and employers over the past two years and despite the success of WFH some people still want to go back to the office. Employees who’ve generally enjoyed their time and money back from not commuting, not buying food out, not buying work-related clothes would like keep some flexibility in working from home. Employers on the other hand are still stuck in this 9-to-5 panopticon office mentality where they feel everyone should “put in their time.” The problem is that studies have shown that for knowledge work, it’s mostly task-based, not time based and that not all hours of the day are productive ones. It seems to me that if you are getting paid for your education, experience and output, that it is completely backwards to treat the workday like a factory you have to punch in and out of.

Of course, the flipside is that a lot of knowledge workers work in tech and tech has a vested interest in you sitting at your desk for as long as possible. People lauded Google for supplying their employees with such benefits as free meals, in-house doctors, hair cuts, oil changes etc. but as a friend who worked there once said to me, “Do you know why they do that? Because if you need to go to an appointment, that is a couple of hours of you not going “ticky-ticky” on your keyboard for the company. It’s cheaper to provide these services to employees to ensure they aren’t away from their desks for too long.”

In Ontario, where I live, they treat knowledge work like factory work – with the exception that there is no overtime pay for certain workers: IT, law, accounting, medicine and the entertainment industry. Also of note, many manual labourers who work in agricultural settings such as growing mushrooms and various other plants and trees for the retail trade (which is usually piecemeal work done by labourers brought into Canada on agricultural visas). Oh, and of course teenagers. So I question the factory model of “putting in the hours” when it’s clear that the output should be the yardstick of successful work.

But watch the video. I found it interesting and I especially enjoyed David Frayne’s The Refusal of Work for more comprehensive introduction to work theories. My only wish is that he had explored more of the case studies in the second half of the book.

* * *

I ended up taking out some of the books written by the interviewees of this documentary as well. So far, I have received:

Team Human by Douglass Rushkoff.
The Refusal of Work by David Frayne.
McMindfulness by Ronald Purser (which I haven’t started yet).

I haven’t read anything by these folks also featured but will in the future:

– George Monbiot (whose website seems to have some interesting blog posts).
– Guy Standing who writes a lot on Universal Basic Income (UBI). A list of his books can be found on his website
– Jason Hickel who focuses on global inequality etc. website.
– I’ve seen a lot of Carl Honoré’s work because his books are pretty popular. His website.
– Faiza Shaheen has a book coming out in 2023 titled Know Your Place: how society sets us up to fail.
Grace Blakely who writes about leftist politics in books and for the New Statesman
– Bredan Burchell (who hasn’t really written anything recently but is a professor at Cambridge).

People I couldn’t find any info on:
– Margaret Anderson, University of Michigan