Dear Classmates,
It has been some time since my last update, my apologies. My wife and I continue to be quite busy with our project, and I am pleased to report on our success.
As you may remember, we undertook our Downward Mobility Project some twenty years ago, in a determined effort to balance the income distribution for the members of our class. Though some of you have made the ultimate goal impossible (we would have to have quite a large negative income to achieve any real balance), we have continued to maintain the project.
I have successfully managed to avoid any form of gainful employment for the full term of the project. Being self-employed has had its ups as well as downs, and though I have had a number of embarrassingly successful quarters, especially during the 90's, I have managed to remain in the lower 50% income bracket.
Despite all the effort of agents and publishers to lower my wife's income over the years, we decided it would be best to break off that income stream. My wife has, therefore, embarked on selling her own paintings. I think you will agree that this is a splendid move in the right direction.
We are very excited to report our most recent initiative - becoming professional musicians. As far as downward mobility goes, this is a little like shooting fish in a barrel, and that's why we held off making this move for so long. It was simply too much fun, however, to pass up. Fun is not inconsistent with downward mobility!
Our home, strategically located in the "bad" neighborhood of a small mill city, has until recently succeeded in resisting any appreciation in value. The recent run-up in house values has brought us in line with the rest of the state, unfortunately, but we look forward to a correction in the near future.
I know some of you may be concerned that the current political climate has made our work too easy. Though this is partly true, I would like to reassure you that we are not just coasting on the political realities. We are actively building on what has been a strong political foundation in support of downward mobility.
Please do not be alarmed by some of our recent activities in web design, graphic design, and music production. Though they are traditionally successful income-producers, we are actively exploring the lower financial reaches of these activities. We believe that, in time, and thanks to information technology, these activities will become a commonplace in the exercise of downward mobility.
In conclusion, I would like to share with you some of our plans and dreams. We continue to hone our skills in the exciting field of blogging, which we feel has real, untapped potential in the pursuit of downward mobility, more so even than, say, novel writing. And we are just in the planning stages of our next endeavor, the Retirement is Impossible Project, which we feel will be a natural extension of the current project.
Downwardly Yours,
BC
As you may remember, we undertook our Downward Mobility Project some twenty years ago, in a determined effort to balance the income distribution for the members of our class. Though some of you have made the ultimate goal impossible (we would have to have quite a large negative income to achieve any real balance), we have continued to maintain the project.
I have successfully managed to avoid any form of gainful employment for the full term of the project. Being self-employed has had its ups as well as downs, and though I have had a number of embarrassingly successful quarters, especially during the 90's, I have managed to remain in the lower 50% income bracket.
Despite all the effort of agents and publishers to lower my wife's income over the years, we decided it would be best to break off that income stream. My wife has, therefore, embarked on selling her own paintings. I think you will agree that this is a splendid move in the right direction.
We are very excited to report our most recent initiative - becoming professional musicians. As far as downward mobility goes, this is a little like shooting fish in a barrel, and that's why we held off making this move for so long. It was simply too much fun, however, to pass up. Fun is not inconsistent with downward mobility!
Our home, strategically located in the "bad" neighborhood of a small mill city, has until recently succeeded in resisting any appreciation in value. The recent run-up in house values has brought us in line with the rest of the state, unfortunately, but we look forward to a correction in the near future.
I know some of you may be concerned that the current political climate has made our work too easy. Though this is partly true, I would like to reassure you that we are not just coasting on the political realities. We are actively building on what has been a strong political foundation in support of downward mobility.
Please do not be alarmed by some of our recent activities in web design, graphic design, and music production. Though they are traditionally successful income-producers, we are actively exploring the lower financial reaches of these activities. We believe that, in time, and thanks to information technology, these activities will become a commonplace in the exercise of downward mobility.
In conclusion, I would like to share with you some of our plans and dreams. We continue to hone our skills in the exciting field of blogging, which we feel has real, untapped potential in the pursuit of downward mobility, more so even than, say, novel writing. And we are just in the planning stages of our next endeavor, the Retirement is Impossible Project, which we feel will be a natural extension of the current project.
Downwardly Yours,
BC
posted by Bill Calhoun 9:56 AM
1 Comments:
Bill,
You had me laughing out loud at this one.
I come from a long line of financial underachievers, as you well know. In fact, when I did have gainful employ working for the ultimate enemy of downward mobility (hereafter referred to as 'the bank') my father nearly disowned me. He has been much happier these last ten years as my husband and I have been successfully moving down the financial ladder on Nguyen's income as a self employed machinist. Our downward prospects continue to improve due to the wholesale exportation of all manufacturing to China. If we are lucky, we may even wind up in bankruptcy.
It is true that I have had some unfortunate success selling kitchen tools, but as most of my friends are also downwardly mobile, I don't expect this aberration to continue.
And, incidentally, our house, too, stubbornly resisted appreciation for most of the 12 years we have owned it. At one point, out of curiosity, we had it appraised and discovered it was worth exactly $7000 more than we had paid for it. This after about 8 years and several thousand dollars in improvements. I believe, at that point, we could have counted it as a loss.
Keep up the good work, you two!
Rachel
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