Wow! This week it seems that the Federal Government has shown that it can defy the laws of economics. They decided that the best way to deal with a recession was to borrow your way out of it. This is an interesting theory at best. The big question you have to ask your self is if a government can borrow its way out of a recession, then why would they let it happen in the first place?
Reality Check
Please do not follow the example set by our government. They don’t have to operate under the same rules as its citizens. It’s okay for them to borrow excessive money they don’t have and give it to people who are totally irresponsible in handling their money because they aren’t worried about how they are going to pay for it. If you or I invested in the same way, we would be called reckless and would end up in a worst financial situation than before.
What Happened To Being Responsible With Our Money?
This may sound like a rant and it is. Free enterprise is what made this country so great. In fact, it was out low tax base that caused many companies from other countries to want to do business here. There once was a day when people had to be responsible for their actions. If they started up a company and it didn’t succeed as they thought, the company went out of business. Those people took that opportunity to learn from their misfortune and in many cases would make another attempt to succeed. No one stepped in to bail out their bad business idea, bad business practices, etc. It was an ongoing process to learn and improve one self and their business abilities.
How Does This Apply To My Retirement Woes?
Quite simply you need to make sound investment decisions and set up consistent saving practices. In fact in today’s environment, there are a lot of great business investment opportunities both for starting your own as well as investing in ones that already exist. There are many stocks if you take the time to research that have a great dividend yield that would beat out any money market account as well as offer a great potential long term growth. These are sound companies that aren’t going to be bailed out, have good cash flow, and would probably be deemed unfavorable in today’s economy.
Many people focus too much on the news and think that the end is near or even worse that the government will be making their house payment and paying for the gas and groceries. Please! The real question you have to ask your self in this “perilous times” is what can you control. What can you do, today, right now to help your future be a little bit brighter. Well, here are a few suggestions.
Stop Watching The News
Most news broadcasts are based on negativity and many times mis-information. How many newscasters actually know how a good business functions? They cannot be an expert in all the topics that they report and many times they misunderstand what is being told to them. In the few times I have been interviewed by the news media, they have misquoted what I said and taken the words and used them to report on the story that wanted people to hear. So if you want to avoid being puked on every day, turn it off. You will brighten your day.
Take Time To Read or Listen To Good Books
Instead of filling your mind with all the crap the news media dumps on you, fill your mind with things that are uplifting and motivating for you to take action and start down the right path. I guarantee that the only way you will have a better situation in life is if you take control by learning new things and then applying them in your life. Since money may be tight, go to the local library and you may be amazed at the volumes of information that is free and available to you. There are whole sections on investing, starting a business, building strong relationships with others, etc. that can make your life more enjoyable. There are free audios and videos you can check out that you can use to fill your mind with good ideas that can make a difference in your life.
Take Time To Help Others Less Fortunate
Even though we may think everything is going down the tubes, another good way to change all of that is to invest in others. Join a local organization that helps under privileged children, spend time in an elderly care center reading or just brightening someone’s day. Help clean out someone’s yard that is not able to do so. While many times this may not cost you much financially, it is one of the best investments you could have that will help turn your life around as well as some one else’s. And who knows, if enough of us did this, it must might be the best stimulus package available in our country.
Go make a difference. You’ll be glad you did.
Until Next Time…