In Light Of the Financial Crisis, A NOTE TO EVERYONE:


Settle down. Refocus. And in the words of the wise and wonderful Douglas Adams, DON'T PANIC.

This weekend:
  • Turn off the news.
  • List at least 10 things (yes, you can count people as things) you really really love.
  • List at least 10 things you want to do/accomplish in the future.
  • GET OUTSIDE. Go for a walk or a bike ride.
  • Meet a friend or a group of friends for a dessert or a beer at a new place you've been interested in trying.
  • Watch a favorite movie.
  • Touch up your resume. Look at how valuable you are to your company!
  • Make something with pumpkin. Or with sweet potato. (Forego the torch on the sweet potato creme brulee if you're really strung out.)
  • Make someone laugh. Really hard.
When you're feeling calm, look at your investments. LEAVE. YOUR STOCKS. ALONE. Selling them now WILL NOT HELP YOU. In fact, buy more stocks if you can. For serious. Invest more in your 401K if you can. Buy real estate if you can. It is a buyer's market, and yanking your stocks at 1/4 what you paid for them or cashing out your retirement plan at a 60% loss is not only a bad move in light of the market situation, IT'S A BAD MOVE FOR YOU. Donate to charities you believe in if you can - a lot of people are going to see donations as an expense they can't afford, and these charities will need you more than ever. On the flip side, look at what you spend and see where you're spending on what you don't need. I, for example, am FINALLY starting to cook more at home, and I'm finding that what I used to see as a huge waste of time (trained by my mom, it takes me far longer to cook than most people namely: Shannon), is now a relaxing and fun project with something tasty to show for all the work. Get started HERE.


Shannon said...

The muffins were great! I scarfed two of 'em as soon as I got to work...

Sarcasm is just one more service I offer. said...

Wow, that is really tragic. I cannot fathom how someone would even think that doing something like that would be a good idea. Nothing is ever that bad. He needed professional help for sure.

I agree with the news thing definately. I quit watching it ages ago and have been much happier. As far as the market goes, I agree that selling everything would be a bad idea. Especially if your saving for retirement. You have to look at the big picture over the years, not at just right now. Things will get better.

Shannon said...

Uhhhm. Two weeks, no posting. Bad Jo-Jo, bad!