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Meagan Francis's avatar

For ten years I've co-owned a media (podcast) business. It's done steadily (boringly?) well for the majority of the decade, but there was a two-ish year span where we made what my business partner and I referred to as "stupid money." It was fun, in a breathless, adrenaline-fueled way - and yes, the little influx of unexpected cash in those years, more than I'd ever expected to see all at once, allowed me to do some fun things I otherwise couldn't have.

But that success also brought with it a whole lot of stress. My tax bill in our best year was punitive and I was completely unprepared for it. We had to hire a whole slew of experts to help us manage a business that was growing faster and bigger than we'd ever anticipated, and that brought with it a lot of stress, too, as these growth-oriented changes threatened to move our business outside of the comfortable container we liked keeping it inside. We entertained acquisition offers and spent endless hours talking about the future direction and growth of the business.

Then, when the economics of the podcast industry started to shift, we realized that to stay "on top" - if that was even possible - we'd have to do it all over: re-invent the business, re-invent ourselves as partners inside the business. And...we just didn't want to. We decided to stop focusing on growth, stop worrying about selling, and just coast until we were ready to shut it down (which we will be in late June.) We feel really good about the way we're ending, because it feels so much more true to ourselves and by extension the people who have listened all along. And because we're winding down on our own terms, our friendship and partnership is as strong as it's ever been - and we're starting a new project together a little later this spring.

The problem with careers built on one's "competitive edge" is that you have to keep sharpening that edge over and over and over or you lose it. Some people, I think, love playing that game -but I'm finding that I don't care enough to keep focusing on being competitive for the rest of my life, whether as an employee or a freelancer or a business owner. It turns out that making a lot of money all at once didn't bring me any more lasting security than if I'd just made a normal amount and kept my life simpler and expenses lower.

So right now I'm enjoying a "poorer on purpose" lifestyle, leaning in on non-monetary currency, skills, creativity and simply doing what helps me feel most connected to my life, the world, and other people in it. The more we believe we MUST earn more and more to simply live, the more that becomes actually true. But what if we defy those assumptions and see what else might be possible?

As an aside, there can be such a thing as a "boring" freelance writing career! It's built not on bylines in prestigious publications but in steady, workhorse-style assignments. I've always liked to have a mix of both kinds of clients in my stable. And the best way I've found to secure those gigs is - as you point out - through relationship-building.

Thanks again for a great post with so much to chew on, Rosie.

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Madeline's avatar

"I’ve accepted that no job is coming to save me. That security does not come from a one-way, linear transaction with a for-profit corporation. But rather, a rhizomatic network, one that grows not just upwards, but outwards, downwards, and sideways — with gains and losses, ebbs and flows along the way."

^Filing that under, things I wish I'd heard when I was still in school 🙃

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