In this economy, it is difficult to remain positive. It is even more difficult to feel confident that the economy will turn around.
We are faced everyday with new challenges as we hear of continuous problems facing our economy, some have past, some are present and some bad times are still ahead. The reality is just that, times are not the best this country has seen nor is this the best time you’ve seen.
It is easy to get caught in all the news, the gossip and the general media out there and simply get afraid of things to come. The reality however remains that this is the exact attitude that will keep us where we are, and keep us from getting out of this mess. The economy is directly tied to consumer spending and therefore the main reason it is down, is the lack of confidence from people in the economy.
We discussed earlier that the way to fix this economic mess is not to inject more money by borrowing it, but rather recirculate existing money within the system to better use.
Regardless of what the ultimate fix is to this economy, it is important that consumer spending increases and recirculates the money in retail institutions who can then remain profitable and keep more staff on hand which prevents unemployment. I am not advising that you go out and spend all your money as you would normally do, I am simply suggesting caution when spending instead of fear. Business owners and managers who manage with the fear of losing everything end up losing more, as they do not pay attention to their business but spend time driving themselves mentally crazy.
Make correct choices that allow you to continue living life while remaining cautious of your spending but not keeping you from your regular day to day activities. If you have to make changes, reduce your habits, but do not change your way of life.