Jan 15 2009
Who Will Save You Now?
So, you lost your job. Maybe you lost your home. You had to downsize or sell one of your cars? Were you unable to give everything you wanted to for Christmas?
As you’re going through this difficult period, you may be wallowing in self-pity and wondering when the economy is going to turn around. When will things change for you? More specifically, when will your economic situation change? With all this talk of “bailouts”, who will save you?
Yes. You’ve had a tough break, but Suze continues to remind us “Only YOU can save yourself. Nobody can ever save you.” We can’t look to the economy…or the government…or charitable organizations to change our situations. Sure, they may help to give us a boost, but the real change begins with ourselves…our inner selves.
According to Suze, recessions come and go. They are a “natural part of economic life”. We just have to make sure we are prepared for them. If we are not prepared, we must also blame ourselves. While it’s easy to blame the economy, it’s our choices that have helped to put us in the positions we are in by not planning for the future and by living above our means.
Therefore, when it comes to ending financial troubles, Suze enlightens us: “It’s going to end when you change your mind about how you perceive what’s happening.”
In order to save ourselves, we have to:
1. Get real with ourselves. Know what we can afford and learn to live with that.
2. Remember what’s important, like good health and a strong family. We are more than our possessions.
3. Keep our money safe by diversifying banks and making sure our accounts are FDIC insured.
4. Make a financial plan and stick to it. Budgeting is essential.
Even if you were not adequately prepared for this downturn in life, it is not too late to make changes and get it together. What we do today will affect tomorrow. By taking the proper steps for our future now, we can make sure we are in a better position the next time there is a financial crisis. You can save yourself!
Visit Glue 4 Families for more posts on family life by Davida.
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