The national economy is a hot topic. Failing municipalities, faltering government, and a streaming flow of negativity. How does all of this impact your personal life.
I strongly considered titling this post and leaving the post itself blank. Because that is about how much impact the national economy has on your life.
Some of the greatest creations came out of a down economy. Monopoly was invented by dreams during the depression. Budweiser survived prohibition. Apple has managed to flourish during down economies.
An economy can be easily defined as a transfer of money. Think about it for a moment. Why would the economy get bad? There is no less money to go around.
The Economy is in your head
Just like I proved with my stock prediction… for the most part. The economy is just in people’s heads. You cannot tell me that there is a factor in the economy that is greater than people’s instincts.
The issue with most people’s instincts is they are wrong most of the time. I read a book one time about day trading (not as good as mine), and the math came out to being right 50% of the time would make you profit. (assuming you didn’t get greedy)
That is horrible, you only have to be right half the time, and most forecasters and market managers can’t even do that. A coin is a better indicator. Or just blind optimism.
You can control your economy. Most people don’t control their economy though. I have proof. Do you plan one day to never work again? As that day approaches how much closer are you? Have you done any research to get you closer to your goal?
Having a goal of “retirement” then not working toward that goal isn’t even blind optimism… it is insanity.
To make your goal you need 2 things, savings and time. The more you save the less time you need, however if you don’t save, the time still passes. Then you are stuck.
What if you could invest 1 hour a day for retirement. That is all 1 hour a day. 7 Days a week. Just one hour. Turn off your TV, or never even get one, and retire.
So let’s say you have no skills and you spend your 1 hour each day flipping burgers for $5. You take that money but you have no idea where to put it, so you take my simple advice for average gains. You started working at 20, you then retire at 65. How much money do you have?
Congratulations, you are now a millionaire. My blog just taught you how to become a millionaire. That is powerful. Yet so simple.
Next time you are in a group of people and you decided to stand around and talk about how X government leader is ruining the national economy, remember you could spend that same time working on your personal economy.
Thanks for Reading,