Monday, February 28, 2011
ARE YOU MINDING YOUR BUSINESS?
I was watching the news earlier (something I don’t do very often), but it seems like the same old story over and over… “Homes foreclosing, banks going out of business, unemployment rates going up, etc. etc. etc.” It got me to thinking, so here are my thoughts this evening…
A lot of people are feeling the financial pinch right now. The economy is in the toilet, people aren’t making or spending as much money, and a lot of people are pretty much on E.
Scary times. But some people are thriving. Some people understand that you can’t always count on good times, a steady paycheck, or the government for your financial security. You have to make sure you’re “minding your own business,” as Kiyosaki put it.
Whether you’re an employee or self employed, if all your money goes somewhere else, then you’re only minding other people’s business and not your own. Which is fine as long as things are going your way, but “when the tide rolls out, you see who’s been swimming naked.” That one’s from Buffett (these quotes just keep coming to me).
If you’re fortunate enough to be in a position to have a great income, take a minute to think about who’s business you’re minding at the end of the day.
And if you’re struggling, you’ve probably cut a lot of expenses from your life, and you’re living very conservatively. Take note of how little you can live on and still get by, and keep that in mind as things get better. Maybe you’ll think twice about how you spend your money, and maybe next time things get lean, you’ll be in a better position to ride out the storm.
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