Thursday, September 25, 2008

Distractions From The Now

Boy, you can't read a paper or turn on the TV without everyone telling how bad things are. Kind of reminds me of the guy I saw in Midtown NYC as a kid carrying around the world will end sign over his shoulder. So I guess were supposed to spend the better part of our days of our life focus on how bad the economy is. I say there are enough bad things that happen to us as humans that we can't avoid such as getting really sick or losing someone close to us. So when you wake up in the morning, see the sun shining or even rain, it's still a great day because it's one more day you can choose to feel alive and free to pursue your passion.

I had some of my great successes during the last recession of 1989 because I was forced to be more creative to keep growing my photography business. If I crawled into a hole, I imagine you wouldn't be reading this blog because I would have thrown in the towel long ago. Sometimes life will shake you up if you get complacent and who doesn't want to coast when things are rolling along in an easy fashion.

Ok, I agree that the people who you trust, the elected officials and the Fed, make bad short term decisions to avoid recessions to save their jobs. But you can't play the game forever and propping up only works for so long. If you don't like it, you can vote them out or run yourself. No fiat currency has ever lasted except gold (I suggest you buy a few gold American Eagles to put away for when a hot dog costs $75.00. I used to pay a quarter for one.) Invest conservatively, keep some cash and bonds, avoid debt, and own some gold and you won't have to worry and watch the markets all day. On the other hand, if you love the drama......

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