Brevity is the Soul of Wit -
Economizing is the "art" of managing your money, time and energy use.
"Bringing light to the importance and dignity of the Non-Market Economy"
July 13-19, 2014, Economizing The Home Report:
Labor On Your OWN account
As humans, outside of sleeping and eating, we divide our time between 3 areas:
1. Market Work - This is where we go and work on the behalf of another..be it a client or an employer to earn a wage.
2. Non-Market Work - This is labor that we do on our own account that we could hire another to do for us.
3. Leisure - Leisure should be defined as something that you cannot pay anyone else to do for you. This includes things like going to Church, reading a book, training for and running a marathon, painting, playing the piano, watching TV, playing a sport, playing cards with friends.. etc.
The emphasis of this website is all about laboring on one's own account. Abraham Lincoln, in a speech he gave in 1859 put it like this:
"The prudent, penniless beginner in the world labors for wages awhile, saves a surplus with which to buy tools or land for himself, then labors on his own account another while, and at length hires another new beginner to help him. This, say its advocates, is free labor – the just, and generous, and prosperous system, which opens the way for all, gives hope to all, and energy, and progress, and improvement of condition to all."
"Labors on his own account" is non-market work. Outside of employment when working on the behalf of another persons account, time is divided then between laboring on one's own account and leisure. The more time devoted to laboring on ones own account relative to leisure will make a huge difference for the beginner or anyone who is still in the process of building up one's capital base.
Economizing Reports 2014 Schedule:
New Reports added weekly and kept in the "Economizing the Home" page for future reference.