40 Days of Mindfullness

My life is a little crazy busy at the moment, but I watched our president on Tuesday night, and one of the things he said struck me as part of the problem, not part of the solution.

I agree that we need to concentrate far more on our children's educations and on healthcare for all of us. I agree that we need to help people climb out of the problems that they have--financially, socially, physically, educationally--and improve the life of each and every citizen of not just the country but the planet. I think he's got some great ideas that warm the cockles of my heart.

But then he said this: "...the flow of credit is the lifeblood of our economy."

Why? Why does it have to be that way?

I understand that 99% of us cannot afford to buy a house with the money we have on hand, and I agree that probably 50% of us can't buy a car outright either (at least not without jeopardizing other bills and life requirements). That's investment, as far as I'm concerned. Credit, to my mind, is something that you get because you can't afford what you want, not what you need. If I really want an iPod but don't have the money to buy it outright, putting it on a credit card is no investment of any kind, as it provides no usable equity (though it does make it easier to listen to the presidential address podcasts).

So credit is one thing and investment another. You should have what you can afford and save for what you can't.

It's unfair, however, to expect that to actually be the case. Our capitalist economy has been built on spending money whether you have it or not, and the industries we have are simply designed to work on money that is loaned: You loan the bank money by opening a savings account; the bank loans Bob money, and Bob pays Jimmy (who employs Ken and John) and buys materials (which employs some other people) and eventually gets paid off by Max (who borrowed his own money) and pays off the bank which then pays you off in the form of interest.

So, I guess credit is the lifeblood of our economy, but coming to that realization requires me to rethink my definition of "credit" to include investments like those described above. Is it possible to live without credit (using my original meaning) and still get what you need? Yes. It just requires that we all rethink what the definition of "need" is, as well.

A human being needs, minimally, food, water, shelter, and clothing. Which sounds pretty minimal indeed. But if I go to Spago and eat foie grae and oysters, wash it down with imported bottled water from Italy, go home to sleep at my penthouse apartment in Central Park West, and wear Armani while doing it, I've got the basics, haven't I?

There are people in the world who need those particular basics. If you're not one of them, you must just not be watching the right TV shows, because all the admen are telling us daily that that or something like it is what we need to have.

I'm not saying you have to give up your iPod (you'll pry mine from very angry hands), but I do think we should all spend a little time finding out what the definition of need is.

For Christians, the season of Lent has just started--40 days of reflection and penance. Instead of just celebrating this Lent as a Christian holy season, where the most many of us will do is eat fish on Fridays, I'm going to invite anyone and everyone of every faith and none to join me and give up thoughtless spending for the next 40 days (or thereabouts).

Here's how I, personally, am going to work it:

• I am going to try not to eat out for the entire 40 days. If I do eat out, I will consider the source of the food, the plates I eat with, and the social and emotional benefit I get.
• I will try to spend the least amount of money on my food and minimize the packaging with which I'm willing to deal (luckily, lots and lots of things come in bulk now).
• I will not buy anything on impulse--each magazine, candy bar, and online music purchase will be considered and acquired in a mindful way.
• I will keep track of each and every cent I spend, without guilt or remorse for the entire 40 days. Easter week, I can take a look and see if I can find places to cut more out of the needless acquiring.

So? Who's with me?