What starting your company means: you will lose your stable income, your right to apply for a leave of absence, and your right to get a bonus. However, it also means your income will no longer be limited, you will use your time more effectively, and you will no longer need to beg for favours from people anymore.
You can survive your income falling if it's not dramatic. Your income can decrease for a long time before you start living beyond your means.
Live below your means but within your needs.
Your income is a direct reward for the quality and quantity of the services you render to your world. Whatever field you are in, if you want to double your income, you simply have to double the quality and quantity of what you do for that income. Or you have to change activities and occupations so that what you are doing is worth twice as much.
To live beyond your means today is to live below them tomorrow.
My philosophy is to live below your means.
I am pro live below your means.
If you live below your means, you can turn down stuff all the time.
Democracy means doing whatever you want without asking permission of anybody but your boss, your doctor, your lawyer, your landlord, your bank, your city, your state and federal authorities, and your wife and children.
Live more than your neighbor. Unleash yourself upon the world and go places. Go now. Giggle, no, laugh. And bark at the moon like the wild dog that you are. Understand that this in not a dress rehearsal. This is it. Your life. Face your fears and live your dreams. Take it all in. Yes, every chance you get. Come close. And by all means, whatever you do, get it on film.
I have not a doubt of your doing very well together. Your tempers are by no means unlike. You are each of you so complying, that nothing will ever be resolved on; so easy, that every servant will cheat you; and so generous, that you will always exceed your income.
If your income on films or whatever you're producing using film drops below a certain level, then you don't have enough money to stay in business. People like to say that this is all just about making money, but if you don't make money, you don't make anything.
The truth is, if you are a woman saving 10% of your income for retirement, and you put it in the bank account, your chances of retiring well - living on 90% of your pre-retirement income for your full life - is 0%.
You should always live within your income, even if you have to borrow to do so.
Whatever you and your team decide your new brand will stand for, deliver on that promise. That's the only way you'll ever control your brand. And beware: brands always mean something. If you don't define what the brand means, your competitors will.
Publishing is a business, and I completely understand it. But when you don't have to depend on writing for your identity or your income, you can do whatever you want.