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Last night, after hearing that the stock market had fallen below 7,000 for the first time in over a decade, I tossed and turned about the state of the economy. I know, not something I can do much about, especially at 3:00 in the morning. I’ve always prided myself on being financially responsible. I’ve worked, paid my taxes, put away money for the future so my kids could go to the college of their choice and my husband and I would have a comfortable retirement. And now, thanks to the irresponsibility of those who are far wealthier than I, all of that is for naught. My financial habits, which were in line with my values, have been derailed by those whose values are quite different than mine. And, I’m left in a twist about it. One of the greatest factors in stress level is the amount of control one feels over his/her circumstances. The less control, the higher the stress level. So, while I’m feeling pretty stressed about the state of the overall economy, I’m trying to find things in my life over which I do have control. One of those, of course, is my thoughts. So, here’s my de-stressing thought for today: Maybe this is the lesson we, as a materialistic society full of greedy people, needs to learn, the 2 x 4 ‘upside the head’ that we need in order to reassess our priorities, return to more moderate lifestyles and restore family values. Yeah, that feels right (to me). And, I can continue to teach my children good money values and responsible habits. Yeah, that’s in my control. And, I can (even though I would prefer not to have to) find ways to save money without feeling deprived (OK, maybe a little deprived).
I’d love to hear what how you are responding to the economic crisis and how you are managing your stress (if you are having any) about it. Please comment!
Cindy, I think you are right on about the irresponsibility of not only many large corporations but also our own government putting us in this situation over which we have no control. My recommendation is to make sure that each of us has our own financial plan and it is in line with our goals. We each need to be vigilent in watching our investments, savings and expenditures and making sure that we have aligned our budget with what is happening in the world right now. Then my advice is to let it go and go about the daily business of your life. As you said, we have no control over any of this right now. If we have planned properly, there is really nothing else we can do. I also think it is good to remember that over time, things level out, and we never know what is around the corner. The stock market will rise again, and our economy will find a point of stabalization eventually. I still believe as long as we have our health and freedom, we have everything. When I wake up in the middle of the night stressing about things out of my control, I turn on the Food Network. Comfort food always puts me back to sleep. Thanks for the post, I am sure many people are feeling the same way, Mimi