Oblique Finance

Oblique finance, a term coined to contrast with traditional, often rigid, financial planning, embraces a more fluid, adaptable, and even counterintuitive approach to achieving financial goals. It acknowledges that life is rarely a straight line and that pursuing wealth, security, and well-being requires flexibility, creativity, and a willingness to deviate from conventional wisdom.

At its core, oblique finance prioritizes understanding individual values, motivations, and circumstances. Unlike traditional methods that might prescribe a universal formula for retirement savings or investment allocation, oblique finance starts with the "why." What truly matters to the individual? What are their unique strengths and weaknesses? What are their deepest fears and aspirations? Answering these questions forms the bedrock upon which a personalized financial strategy is built.

One key characteristic of oblique finance is its emphasis on opportunity cost beyond just the monetary. It considers the trade-offs between time, energy, and relationships. For instance, pursuing a higher-paying but soul-crushing job might generate more income, but at the expense of personal fulfillment and mental health. Oblique finance weighs these non-financial costs and benefits to make more holistic decisions aligned with long-term happiness and well-being.

Another element is the willingness to explore unconventional investment strategies. While not advocating for reckless speculation, oblique finance encourages looking beyond mainstream assets like stocks and bonds. It might involve investing in oneself through education and skill development, starting a business aligned with personal passions, or even investing in experiences that create lasting memories and enhance personal growth. These investments, while not always easily quantifiable, can yield significant returns in terms of career advancement, personal satisfaction, and overall quality of life.

Oblique finance also embraces a cyclical view of financial planning. Rather than setting rigid, long-term goals that may become outdated or irrelevant, it encourages regular reassessment and adjustment. Life circumstances change, economies fluctuate, and personal priorities evolve. A financial plan designed to adapt to these changes is far more likely to be successful in the long run. This adaptability might involve revisiting investment strategies, adjusting savings rates, or even redefining financial goals altogether.

Furthermore, oblique finance acknowledges the importance of luck and serendipity. While planning and preparation are essential, it recognizes that unforeseen opportunities and challenges will inevitably arise. A flexible mindset and a willingness to adapt to unexpected circumstances are crucial for navigating these uncertainties and maximizing the potential for positive outcomes.

In essence, oblique finance is not about finding a shortcut to wealth but about aligning financial decisions with personal values, embracing flexibility, and recognizing that the path to financial well-being is rarely linear. It’s about crafting a personalized roadmap that acknowledges the unique individual journey and empowers people to live a richer, more fulfilling life, regardless of their net worth.