Let’s consider this: Responsibility + Positive Focus = Progress.
Responsibility: Respect your financial situation, respect your money. In a flush economy, money is free flowing and often spent without thorough consideration. Times like this are a great opportunity to revisit how we spend money. Do we respect the outflow? How much do we spend on dry cleaning, maid service, a pair of jeans? Do we have enough in savings to weather these types of storms? Where is our money invested, is it invested properly? With so many auto pay options – are you keeping track? I am the last person to offer advice on budgeting, but it is a wise practice, for us all, to look a little closer at whether we respect our hard earned cash.
Positive Focus: Why perpetuate the media's trend toward negativity when clearly there are positive strides being made nationwide. If everyone adopted an attitude of recovery, wouldn't we then recover? The old cliché "Perception is Reality" does have a foundation of truth to it after all. So buy a new car, if you are capitalizing on a great deal and have the financial stability to merit the cost, but don't refinance your mortgage hoping the government will bail you out. If you are flush in this economy, consider the real estate opportunities, buy those bargain stocks (buy low sell high?!), and invest in the upswing. Most importantly – share the positive shifts.
We have seen more activity in business this week than we have all year, the sales are increasing, the hiring resuming…despite the DOW, the right now reality is, we’re on our way back….and until we arrive more fully ensconced, I say the best way to encourage the strength of our economy, is to act as if we have already regained that strength.