Wednesday, April 16, 2014

Time + Money + Resources, Part IV

—The art world—

For several posts, I have been exploring this formula for artistic success: time plus money plus resources. Recently, I have found another twist to the concept. Some expenses are timed expenses. Every month I have to pay something toward the resources that run my studio: my phones, my insurance, my gas, my electricity, my alarm system, my Web hosting and domain registration, my rent, my water, my post-office box, and my internet connection. Whether I used these or not, I have to pay for them within a limited period of time and often at higher than residential rates. I have a limited amount of time to spend paying for them. I am not flush with time so it is costing me time as well as money.

This is a double whammy. In my formula of time plus money plus resources, I have a limited amount of time to pay these bills, and I cannot grow this time. As I am limited in one of the variables, my chances of growing things in my favor are severely disadvantaged. Meanwhile, if I can't pay on time, the cost relative to time increases as the bills pile up and fees and interest are added. The only way to view such a situation is to understand that it is rigged against me. It's costing me time twice.

With this knowledge I can make a decision that seems increasingly logical and necessary: I can eliminate as many cyclical expenses as possible, replacing them with expenses that recur only when I can afford them. For example, I can add minutes to my phone when I have money and if I don't, I don't. Another way to combat this situation is by collaborating with others and sharing resources so that we can double the time relative to money and resources used. In doing so, I buy myself time and money, with only a partial decrease in resources proving again that this formula tends to move in one of two directions: increasing or decreasing exponentially.