Budget – Julie Fredrickson

Will you spare a prayer for the pitiable management class as they fly back and forth on their jets from capital to capital in the hopes of securing any kind of policy that remains in place long enough to do planning? No, I didn’t imagine you would. But maybe you should.

I’m not in anyone’s C-suite and I’d be surprised if I ever am. Being the CEO of even a small privately held company isn’t a great deal of fun. The burden of a fiduciary duty can clash with your instincts as a human.

Working with founders who have these obligations is largely an exercise in providing psychological safety so they can see the truth their hearts don’t want their eyes to see.

But I don’t expect anyone who hasn’t had to shoulder the burden of stewarding resources responsibly and profitably to be sympathetic. People who leverage collective resources to build something that is more than the sum of its parts may only think only of their part.

Still I’d hope anyone who is a parent has experienced the basics of it. Someone relies on you for their needs. Imagine it’s not just your immediate family but workers, investors and customers all demanding that their needs be met.

This isn’t meant to be mere apologetics aside, I feel bad for the technology executives who were told to show up in Washington D.C today for a last minute executive order from the president on artificial intelligence. Only hours before they were told actually it’s off sorry. The ones who could make it had already made the trip for a ceremony in which they were meant to smile and nod in obeisance to Leviathan as personified in America’s executive branch.

Either the president didn’t like how the executive order had turned out (something about staying in the lead ahead of China) or not enough of the fanciest executives could show up.

After flying to China last week to bow and nod, they needed to be whisked off back to another capital to bow and nod some more. And then oops sorry it’s canceled. As if they didn’t have other places to be. Heck one of the places they were meant to be was in Utah for a summit on providing the energy necessary to power this next step in America’s technological ambitions.

Instead it’s just all pissing and moaning and horrors from the peanut gallery about how much our bosses don’t care about us. As if the bosses didn’t report to some other big boss. They report to their board. The board reports to their shareholders.

And all of us in the shareholder class (which is most older Americans, a decent chunk of middle aged ones and anyone with social security) are all waiting on the approval of the state, who may or may not give any of us the clarity necessary to know what comes next. Better hold on tight and keep gassed up. Shame for most of us it’s not a jet. Still I’m happy with my Subaru.

One reason I’ve been comfortable working in startups my whole life is I’ve never been a big spender. My biggest expense is probably takeout, as I find cooking to be a waste of time. As long as I can afford medical insurance (I’d get a job somewhere with socialized medicine if it came to that) I’m pretty happy with a one bedroom and Chipotle for dinner. Some people get used to their lifestyle as they make more money. I just haven’t yet.

If I go bankrupt (and sadly I lived through that emotional roller coaster as a teenager with my family) I could find a way to live within new means again. I don’t have to be in the top 10% to have a good life. I only need that for health care costs and sorry America but there are other options. I’ve got skills that could earn me stability if I wanted to make that choice. Hear that Canada I’m recruitable!

But I do need to learn to live comfortably with my current means. It’s alright to live within your budget. Sometimes budgets bigger and you can easily spend more on disposable income. And this was a year where my means finally got comfortable. And I’m still sort of afraid to use it. I had to really talk myself into a chair that that was functionally a workplace accommodation. Instead of just jumping at a chair that lets me work comfortably for longer hours I spent several years just not working as many hours.

This tendency to live under budget comes everywhere. I wanted something I considered fairly lavish for dinner. But I thought how ridiculous to spend an extra $15 on dinner. I got a little worked up trying to think of other options that I wanted as much and my husband said “fifteen bucks isn’t going to make a difference get the damn thing.” And so I did and it was fantastic. I’m super happy about my evening and the spending will have no impact on my total budget. Anyone who tells you that money or privilege can’t buy you happiness are lying. Happiness is a choice and it’s an easier choice when you can make the choices you want.

I had mental upper bounds on what I think it is responsible to spend for years. I ran an Airbnb side hustle out of an underpriced two bedroom in Chintatown while I had a six figure salary, because I wanted to live so far under my means I could take risks if I wanted. That under budget mentality let me save up 70,000. It’s also how I met my husband but that’s a different story.

That kind of thinking let me enjoy startup failures for the priceless learning that they are. But now I realize I’m afraid to live on my budget. Unless I’m living massively under budget I’m a little uncomfortable. So I’m going to try to let that one go. I can just live on budget.