If you want to be thoroughly disheartened by the prospects for staying a pro photographer in these times, you could read Vincent LaForet's blog entry on the dismal state of the industry. However, if you tend to be highly anxious, you might want to skip it. My normal tendency is to treat such prognostications as an existential threat, and therefore, panic. Whereupon Robin has to talk me off the ledge, about every other day. It was like that back in 2002-2004, when a lot of my colleagues got out of the business during the slowdown after 9/11.
This time? I'm not freaking out. I seem to be nesting. Or cleaning the nest. I appear to have a great need for order lately.
We're going to be OK through this. Although my income for the year is down about 30%, we have savings. Robin has a counter-cyclical business—everybody's going back to therapy now. We have no debt. I'm cutting back on expenses (no 5D Mark II for me this year, and I might skip Photo Lucida), I'm eating lunch out less and making my coffee at home.
What I'm doing is stripping and rewaxing the studio floor. It hasn't been done this thoroughly since I moved in, 15 years ago. I'm making order where I can, since the world otherwise has so clearly gone off the rails.