What are you doing to help you and your family in the future? Are you investing in your future? What forms of Capital are you investing in? Who controls those forms of Capital? The steps you take today give you flexibility in the long run and will help free you in the future.
There are 8 forms of Capital. Ethan C Roland of AppleSeed Permaculture identifies these 8 forms as Social, Material, Financial, Living, Experiential, Intellectual, Cultural and Spiritual. Thinking about investing in more ways than just the financial form will help you be more resilient as the culture evolves. If you have a diverse Capital “portfolio”, even if one completely fails the impact will be minimal. Whereas if you invest in just the financial form and the investments or savings goes sour then that will greatly affect you and your families life.
Today our society focuses on Saving for the future in mainly in one form, financial saving and investing. This approach is one dimensional and leaves the individual susceptible to risk. This aspect becomes even more risky because the supermajority of individuals rely on third parties to manage their Financial Capital until and through retirement. How exposed is their savings to market fluctuations? Do you know how your savings allocated? What will happen to your savings when there is another market correction?
Building on other forms of Capital will build incredible flexibility in your life. Have you developed your social network that be can a source of support when you need it? What about Material and Living Capital? You can save nonperishable food and materials that you know you will need in the future. Same with Experiential and Intellectual forms, are you taking the effort to learn something new and developing experience/skills by accomplishing interesting projects that add value to your life.
It is important to take control of your future to avoid behind left behind as the new culture emerges. This ensures you can be agile and flexible in life. If you rely on third parties and other entities to manage your forms of Capital for the future then are putting you and your family at risk. Only YOU care about YOU the most. Thinking otherwise can only lead to disaster and unpleasant surprises in the future.
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