…And So The Bank Balance Diminishes

With only a couple of hundred in the bank and having stopped seeking work until my money runs out, it’s been interesting to watch my own thoughts. Sometimes I want to spend/give away all that money at once, other times I want to make it last as long as possible because I’m afraid of running out.

Basically, I’m oscillating between “must spend” and “must save” – two intrinsic compulsions that money provokes in people, both of which are quite destructive and unbalanced. Observing these compulsive tendencies in myself further convinces me of the importance of facing my issues surrounding money by taking up this £0 Challenge.

Two compulsions...

Two compulsions…

Why not give all my remaining money to charity? Whilst this seems like a good idea, the point of the £0 challenge is to face my issues. Therefore, watching my reactions as my bank balance diminishes and working through my fears as I get closer and closer to zero, is an important part of the process and I should let the money run out in its own time. With any luck, I’ll end up less afraid of lack and be a more naturally generous person in the future anyway (which is worth much more in the long run than the small amount I could give to a charity today).

How should I manage the decline to £0? Rule 1 of the £0 Challenge ( see – https://symphonyforhappiness.wordpress.com/2014/05/20/im-taking-the-0-challenge/ ) I’ve set myself is to stop seeking any type of paid work until my bank account reads £0. I made this rule on the assumption that if I stopped seeking work, then none would come my way. But what do I do if I’m offered work before my money runs out? Well, the aim is to mimic what would happen if my business dried up, so I should take work as it’s offered, but not seek any. Surely my money will keep declining anyway?

But what if it doesn’t? What if I don’t promote myself, take no steps to seek gigs, students, clients for my recording studio, CD sales etc, and yet it simply refuses to dry up? That’s when I realized the beauty of The £0 Challenge. If I run out of money and then show that I can build a living for myself from that point, it’ll be a valuable journey for me to experience and for you to read about. If I try to go to £0 and find that I can never get there, in some ways, that’ll be even more profound! It would release my fears of running out of money in a completely unexpected way and it would be an anti-capitalist revolution.

Lets see what happens.

 

Listen to Kimwei’s original acoustic music at reverbnation.com/kimwei , watch at youtube.com/kimweidotcom , interact at facebook.com/kimweidotcom , everything at kimwei.com

 

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