Yesterday I monitored the news as the House of Representatives voted down an economic bailout package. Wall St.’s reaction was swift and concerning, but the reactions I saw through various social media platforms ran the gamut from logical and relevant to, “The sky is falling! The sky is falling and a piece of it landed on my tail!” I’m paraphrasing of course, but I did chuckle when I saw someone suggest that it would only be a matter of weeks before we are all starring in a Mad Max movie.
What can be done by average Americans?
- Call or email your Congressman and let them know whether or not you agree with their vote on the bill and why. There will be similar bills discussed in the very near future.
- Do not make large financial decisions without discussing it with a trained financial advisor, emotions are running high and any rash actions could have long term consequences.
- Ensure your performance at work is stellar. Management worried about the bottom line will be less likely to tolerate poor habits such as tardiness.
Take heed, I am not suggesting there won’t be serious economic consequences. I am stating that panicking is not the answer. Educate yourselves and take a crash course in frugality.
Finally, remember that practicing a spirit of gratitude and generosity with the things we do have will much to improve our perception of many situations.