The sky is not falling!
Yes, it is true. The sky is not falling and the world is not ending, although you wouldn’t be able to tell from the media. Yes it is rough out there financially, and I personally have friends who cannot get jobs or are possibly losing theirs. But it is not the end (as a Pastor, if you are so inclined, I would refer you to the book of Revelation for more info on the end).It is easy to get frustrated, even depressed when reading all the stuff that is out there -
- surviving the Recession
- worst since the depression
- gloom and doom on Wall Street
- Chaos in the Financial Markets
- When will we hit bottom
We need to remember that the job of the media (including some blogs!) is to make money, to sell. And bad news sells. For instance, my grandmother is 93 years old. She lived through the Great Depression - and this no Great Depression. It might be time to take a step back, take a deep breath, maybe even skip the news for a few days. Focus on your goals, readjust if necessary: cut back a little bit, save a little bit more, etc.
But don’t panic or go into a funk. And definitely don’t believe everything you read. And if you really want the scoop, go to my Grandmother, or go to a nursing home and visit - make their day by caring and listening, and get a little perspective on life as a bonus.
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JB said,
Wrote on March 18, 2008 @ 6:27 pm
Great post…. I’m with you all the way on this. In a few months/years will be looking back saying why were we so worried? It’ll all be alright in a few years.
~dawn said,
Wrote on March 19, 2008 @ 1:12 pm
I see it as the markets and consumers doing a little adjustment to their spending and bubble habits… but it is always good to step back and re-adjust.
Monevator said,
Wrote on April 5, 2008 @ 2:20 am
I totally agree things aren’t too bad at the moment, it’s all a matter of perspective. Sure some people are losing their jobs and homes, and that is terrible, but we need to save our Panic Buttons for if things get a lot worse.
They could get worse of course, but in the meantime too much gloom stops people spotting the real opportunities that are around. I’ve been writing for months that now is a good time to look for beaten up stocks to invest in, but people prefer to buy at the top of bubbles, not after they burst. (One caveat - I do think many stocks are still expensive, so you do have to hunt about as always).