There is a kind of secular parable I have thought about from time to time, as it has stayed with me:
"An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them. The Mexican replied, “only a little while. The American then asked why didn’t he stay out longer and catch more fish? The Mexican said he had enough to support his family’s immediate needs. The American then asked, “but what do you do with the rest of your time?” The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.” The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise.” The Mexican fisherman asked, “But, how long will this all take?” To which the American replied, “15 – 20 years.” “But what then?” Asked the Mexican. The American laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!” “Millions – then what?” The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”"
I read a lot of personal finance blogs, most of the FIRE (Financial Independence, Retire Early) authors came of age during the Great Recession and so are all about monetizing every last moment for financial gain. We know many families (or at least used to) who have their schedules at 98% capacity with sports, activities, work, and other things. If time is currency, they are living lean. Not faulting, just mentioning.
And our jobs, for most Americans, are structured to have no fat, maximum efficiency. I suppose this is part of Capitalism and the Protestant work ethic. Not faulting, just mentioning.
I have also read studies that most Americans do not have $1,000 cash on hand to cover an emergency should emerge. Many are one job loss from missing a mortgage payment. Many are simply living to paycheck to paycheck. Not faulting, just mentioning.
The reality of this Coronavirus pandemic is starting to set in. Everything is shut down. We are moving into recession territory. And we realize just how little margin we have given ourselves in the quest for maximum efficiency.
I am a big proponent of the idea of 'white space' that is often seen as "useless." God gave us the Sabbath to rest, because He rested on the 7th day of creation. He was strict about it--Sabbath is for rest and worship. What many families are realizing--on both a positive and negative note--is being quarantined is forcing us into that "useless" space of time. Time is a commodity many people don't have because leisure is oftentimes equated with laziness in a hyper-efficient culture that doesn't naturally build such buffers in. I'm a proponent of hard work, the value of work, Capitalism as an economic system, and making good use of time for what is important. As devastating as the fallout from this illness is going to be on all fronts, if anything maybe we can be grateful for the gift of time--for family, for self-reflection, for spiritual renewal--and not take it for granted for those of us in quarantine. Make good use of it, and always try to look at the good in even the worst situations.
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