ICANomics

- the economics of you -

  • Jul 12

    Our assumption is that once you are earning the kind of money you want from doing what you like, you’ll be on your way. But before we go any further, we must get one thing straight and there is no way around this. You must be good at what you do. Today, average just ain’t cuttin’ it. And that old idea about “get an education and you’ll get a good job” was deleted almost ten years ago. Your relative reward will be roughly proportional to your economic value– the quality of work that you turn out. You know this, but I don’t want you to think that if you want to be an artist, you are automatically going to be successful just because you did what is necessary to be successful.

    Now to the specifics. Here is how we plan to present our information to you. We’re going to sequentially cover a number of topics. Each topic will be a concept that you should understand to a degree that makes you feel comfortable. You don’t have to study and memorize every word. But you must make every effort to apply the concept to yourself, your experiences and what you are trying to do. Whether you want to be a teacher, a minister, a race car driver, a computer programmer or an animal shelter owner, try to apply each concept to your efforts. The better you do this, the more you will get from it and the more progress you will make.

    We, you and I, fully understand that we are on an ambitious venture together– something like a game, a venture or a quest. We will encounter unfamiliar things. But using all our collective experiences as one, one of us will have the experience or an idea how to get by it, and we will all benefit from that.

    So here is the planned, general layout. (It may have to change based on what we encounter.)

    1. Play the BUX game to an ER ranking of at least 20. This game when played to win, enables you to experience-
    • creating value by putting resources together in a competitive world, and
    • making money by selling what you have created.
    We produced this game for this purpose.

    2. Understanding the game will anable you to make connections between your performance in the game, how the game relates to the economy and most importantly, how you relate to the economy. (Instead of more words, you’ll see and feel the connections. You’ll understand the game and how to make it through our journey.)

    3. Find out about who you are;
    • the personality you were born with and can’t change much,
    • your attitude and your outlook on life,
    • your interests and what you like doing, and how combining your attributes and preferences can point the way to your dream future.

    4. Show you why you behave the way you do, how you (we) think and how we must change that to continue, what you (we all) need to make our lives more comfortable, and a view of our limits and how we can go beyond them. (Yes, it can be scary. We are there now.)

    5. Give you necessary knowledge, for example about money, value, supply-demand, and a picture of economics that will have you seeing where you fit in in a few minutes. (Advice such as “stay in school” and “work hard” by themselves is about as useful as a track coach telling her runners to “run faster.” Sure, but how?)

    6. Help you to structure your own individual pathway to your success, the sequence of individual challenges you must overcome to continue on your way. (Each of us will have different challenges depending on where we start and where we have to go.) [I am not without my own challenges trying to get the resources to make this vision possible. So, I am in it too. When I speak to you I am also speaking to myself.]

    7. Build with you through discussion more connections involving more concepts, most likely concepts that are in your experience, not mine. (This expansion of connections, properly categorized, will be helpful to all of us.)

    8. Present you with the components, the tools that you can control, as in a game, to get you through your journey. These tools in no particular order are:
    • Knowledge– what you know to get things done,
    • Skills– your ability, experience and performance to get things done,
    • Resources– what you have available to you to build value,
    • Time– the unforgotten, equal-opportunity, usable but diminishing resource,
    • Opportunities– chances that come and go for you to make progress,
    • Risk– taking action with uncertain results,
    • People– the help you need from others to get things done,
    • Technology– the latest, most efficient, easiest and usually enjoyable way of doing things, and
    • Action– the physical and emotional effort that you put forward to get things done.

    9. Get you into the global economy by:
    • Taking a final look at the global economic picture and your specific target– you must see what you are aiming for,
    • Considering labor, jobs and a career– exactly what you must do to get paid,
    • Getting a job– what you must do to plug yourself into the system,
    • Getting paid for your ideas– the steps to take from dreams to getting paid,
    • Helping you become an entrepreneur– starting your own company and doing your own thing, and
    • Putting it all together– making everything on this site work for you.

    10. You’re there– achieving your goal or seeing it in sight. (Some goals we take a lifetime to approach. We never quite get there, but have fun doing it while making a good living in the process.)

    So there you have it, our plan as of now. Do we know every step? No. But we know where we want to go. And like a car going through the darkness, we are depending on our headlights to light the way in front of us as we move forward. And when we get there, we’ll know.