Overcoming the fallout

As an adult, I never had debt (except for car and house payments) until the summer 2017. At that point, with a significant amount of money saved up, I quit my corporate job and started a business from home. At first, the decision was exhilarating; I woke up every morning driven by purpose and peered into a future with endless possibility. There was no doubt in my mind; financial independence and peaceful days spent at the beach were just around the corner. But, before long, revenue stagnated and expenses increased. By the end of year one all my cash had run out. To stay afloat I dipped into long held CD’s and mutual funds; not just to support the business, but to cover basic household expenses, like rent and groceries. When that money was gone I took a chunk out of retirement before resorting to unsecured loans and credit card debt. By the time I went back to work I was broke with no savings and over $75,000 in debt. For the past year and a half I have worked to bring that sum under control. There is still a large amount to be paid back but, I am proud to say, it is considerably smaller, and I can see the path out. Ironically, the lesson learned was not achieving financial acumen by growing a successful business but rather, learning how to deal with money by overcoming the fallout of a failed one.

Writing

9:36am We are getting ready to leave for the activity center. It should be a fun time. Right now I am thinking about the creative pursuit of writing and what I do for work. I have come up with a new perspective. In the summer of 2002, well before my daughter was born, my wife and I moved to Valencia, California from Evanston, Wyoming. My wife kept her corporate position but I quit my job as a religious consultant for the state of Wyoming. We moved so I could be an actor and my wife could be closer to family. It was a rash adventurous decision we made as newlyweds who were sure we could conquer the world. The move was not free of tension. My wife was supportive but skeptical. While she looked forward to spending time with her sisters she wasn’t sure of my new plan for work. But I was confident. I envisioned myself auditioning for parts and easily getting jobs to pay my share of the bills. As soon as I got to California I began submitting headshots. I auditioned for some student films and got some parts but not nothing else. By the fall I realized I had neither the drive nor the talent to be a successful actor. I wasn’t terribly heartbroken. I tried and it didn’t work out. I accepted the failure but was left with a creative void. I needed to find a new pursuit. 3:09pm hanging out at the activity center, picking up where I left off. I decided I was going to be a writer. It wasn’t too much of a reach. Starting years earlier in seminary I had written some stories and started a novel. In fact I had just finished an autobiography of my youth titled “The Journey and the Destination.” In the moment I was happy. Writing was my new identity. This is noteworthy because it was during what I consider the most vibrant period of my life i.e. the time I was a hospice chaplain. In reality being a hospice chaplain was not my career choice. It was the job I did to support myself while I wrote. I loved being a chaplain. I cherish the time but I identified as a writer more than a chaplain. Just saying that reduces my anxiety. It changes how I approach work and purpose. For so long I have viewed my situation as facing a choice between sales/operations or being a chaplain. In reality I am facing a choice between sales/operations and writing. I know who I am, what I want to be. I want to be a writer. I am a writer. I simply realize I can’t expect writing to produce sustainable income. So the question I ask is, “What do I want to do to support myself while I write?”

My Objective

At my last corporate job my salary was $140,000 a year. I had a company car. I had a company credit card. I traveled six days a week. Other than the fixed costs of housing and utilities I had few expenses.
I quit that job to do better, to achieve more.
What is better? What is more?
My objective is to reach annual income of $200,000.

Conditioned for Specific Results

A sports team has one objective, to win a championship. Failure to do so immediately or quickly usually results in dismissal of personnel. Every once in a while subjective metrics or barriers perceived out of the norm will buy time but the quest for a championship is a zero sum business. Achieve the objective or be replaced.
The same is true for most sales people, corporate officers or any business in general. The specific objective of sales, revenue and profit must be achieved or you will be dismissed and replaced.
In order to achieve the results you wish your mind must be conditioned to not only exist but thrive in a high pressure situation that demands specific results.