Money Talks
The Language of Unspoken Support
I recently received a completely unexpected cash gift which made me reflect on the profound impact of unexpected generosity. It's not just about the money; it's about the sentiment behind it – a pure form of appreciation or support.
I would have been just (ok, almost!) as thrilled to receive a $1 with a note telling me how something I said or did made a difference. It’s not just the money, and it’s not just the appreciation, but it’s the combination that would make it especially powerful.
The Psychology of Giving
Psychologically, giving brings its own rewards. Studies show that the act of giving can activate the pleasure centers in our brains, even more so than receiving. When we give without expectations, we tap into a deeper sense of satisfaction and connection. On the flip side, graciously accepting a gift allows the giver to fully experience this joy, creating a cycle of positivity.
None of this is to say that it’s not hard or uncomfortable!
Breaking Cultural Taboos
In many cultures, particularly in the West, there's a lot of discomfort around discussing or handling money. Therapists report that it’s easier to get their clients talking about sex than finances, highlighting our cultural discomfort with money.
This discomfort extends to gift-giving as well. Most Americans contort themselves to avoid gifting cash; is it any wonder that gift cards are a welcome source of free income for many stores?
Starbucks makes huge profits on unused cards. In 2022, there were a total of $1 billion sitting in gift cards, waiting to be spent. Gift card breakage represents a high source of profit for the company.
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Appreciation Beyond Transactions
In our capitalist society, choosing to give money directly as a gift is a departure from the norm. It's a personal, direct way of showing support, different from engaging in consumer culture. For freelancers, creators, and entrepreneurs, such gestures can be an unparalleled form of encouragement, acknowledging their efforts beyond a client-service provider relationship.
Imagine a Venn diagram of appreciation for a creator or business owner: buying their product or service, giving feedback or testimonials, and offering unsolicited gifts. Each has its place, but the unsolicited gift stands out. It's appreciation without expectation, a pure form of support.
Potential Pitfalls and Cultural Considerations
While the idea of unsolicited cash gifts is appealing, there are some potential challenges to consider:
Transactional Nature of Society: In a transaction-driven society, such gifts might disrupt usual relationship dynamics, introducing ambiguity or discomfort.
Potential Misinterpretation: These gifts could be misinterpreted as charity or an attempt to create obligation, especially if not communicated sensitively.
Cultural Sensitivities: Different cultures have varied norms regarding money as a gift. What's seen as generous in one culture might be perceived as impersonal in another.
Professional Boundaries: In a professional context, such gifts could blur personal and professional lines, leading to ethical dilemmas.
Impact Beyond Consumerism
Direct financial support, especially in a consumer-centric world, is a powerful gesture. It goes beyond transactional relationships, offering genuine encouragement and recognition.
As for me, I'm embracing this spirit of generosity by saving some of this gift, spending some, and 'passing the buck' - but in a good way.
3(ish) Things
No discussion of money and creativity is complete without Mike Monteiro’s classic talk: Fuck You, Pay Me (I don’t do asterisks). Always worth a watch (or re-watch).
The dark side of money: a powerful story about the abundance of scams and the victims on both side of the screen.
This is my final newsletter! I’d love to hear what you got from it and whether you’ll miss it.
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