"To be radical in your art, you need to be conservative in your life."

In an article about the NBA’s Allen Iverson’s economic troubles, the author quoted his artist-girlfriend, "To be radical in your art, you need to be conservative in your life." Similar to the excellent advice Dessa once gave to McNally Smith’s graduates, “Keep your overhead low,” this way of looking at finance and freedom is critical to artistic integrity. Honestly, I think it’s good advice for anyone with a creative bent.

These days, most Americans are “conservative”; which is another way of saying that we are terrified of pretty much everything, especially ideas. The only thing we appear to be fearless in the face of is debt. Our president is a king of leveraged fake “wealth” and many Americans appear to admire Trump’s willingness to pretend to be rich in the face of constant business and investment failure. The US median household owes around $140,000, pays about $1,300 in annual credit card interest, and even the over-65 crowd’s median savings is well under $100k while middle-aged Americans average about $25k in savings. There is nothing conservative about those numbers.

So long ago I can’t remember when or who, someone told me that you can’t retire until you own your home. This isn’t the bullshit “homeownership” crap people spout when they still owe 20-150% of their home’s value to a bank. This is outright ownership. To own a home, you need some luck and a lot of financial restraint. You’ll have to give up a lot to be a homeowner at the end of a 50 year work life.

Giving up things for a better future or to obtain a goal seems to be a vanishing American trait. Most Americans appear to believe they can have it all: new cars, new computers, new big screen televisions, cell phones, an active social life, etc. The fact is, if you aren’t earning big money you can’t afford to spend big money.When I left McNally Smith College in 2013, it was pretty obvious that the school had totally lost sight of any aspect of that fact. There were a few more folks in administration than there were instructors and the administration people were clearly convinced the purpose of the school was to support them and their habits, hobbies, and perversions. It was not a fun place to work anymore.

Paraphrasing Larry Niven and Greg Benford, from, Bowl of Heaven, “[He] thought that life’s journey wasn’t to get to your grave safely in a well-preserved body, but rather to tumble in, wreaked, shouting, What a ride!” Of course, the trick is to do that tumbling in the last few minutes of your life. Crashing with a decade or two of life left means living under a bridge for a couple of decades and that isn’t an adventure, it’s a disaster. I think you have to “live to scale”: meaning you set your expectations, expenses, and anticipated opportunities based on your average past income and expenses. If you plan on being rich in the future and spend like that in the present you’re more than likely going to be worse than disappointed. You are going to be homeless, broke, and without a chance in hell of any sort of hopeful future.
On the other hand, if you are conservative with your resources and expectations, you can go way out on a limb in your art. You can take the kind of risks that so often leads to success because you have something to fall back on and are not gathering so much karmic and economic mass that when you have to fall back you are crushed. That’s what being conservative is really all about. Creating a space cushion for yourself that provides time and resources to regroup and make another run at your goals.