Staying Positive in a Down Economy might seem like a contradiction or something hard to achieve for many people who are going through rough times. A down economy affects all sectors of the population; it even affects people who are wealthy, as they watch their investments plummet. Although every sector suffers the effects in different degrees (some might not even have a home anymore or food), everyone has the power to adjust their attitudes toward their current situation and look for the positive inside the suffering.
The current economic recession has taken a wrecking ball to society’s airy pursuit of endless wealth. American has lost its Midas touch, and only the phantoms of past success remain. But in the desert of this depression lurk small and beautiful flowers. Towers of treasure have tumbled down, but in the rubble, families have found joy and friendship. The minimalism and conservationism adopted by society has forced families to come together, both economically and socially, and thus they have become more than relatives; they have become friends.
Disney’s Pixar masterpiece, “Up,” released in 2009, is about more than marriage, adventure, and friendship. Beneath the touching storyline, “Up” is also about the ups and downs of financial life. Finances, actually, determine the plot. It is because of financial emergencies that Carl and Ellie, the starring couple, never get to travel to their dream location, Paradise Falls. It took ruthless urbanization and little temper tantrum to propel Carl, along with the naïve and endearing Russell, to the lush greens and blues of Paradise Falls. But perhaps, if Carl and Ellie had chosen a different financial path, the fulfilling of a dream would not have taken so much and been so long. “Up” teaches some vital financial lessons about what it takes to fulfill your dreams.
Investment bankers are essentially the source of the financial crisis and that's why the government is working hard to re-impose strong regulations on the industry. It helps to understand what an investment banker is, what the job entails and how investment banking led to the problem in the first place.
Okay, so I had to laugh at this one. ABC Television is launching a one-hour special on Friday, May 29th @ 9PM ET that's "an unconventional look at the fundamentals of everyday finance with all the facts about credit cards, mortgages, stocks and bonds, investing and 401k's, in a fresh new format combining information and humor."
Most are completely free -- though a couple say right up front if only the first 2 or 4 issues are free. I get a couple of these mags myself, and I have never gotten a bill for them ever. Each mag has its own link to fill out the form to get it (where it says "click here"), so I'm sorry about that if it slows you down. If you do not like them, you can always donate them to a senior citizens center in town.
Have you ever wondered how a young inexperienced stock broker in training with Merrill Lynch or Goldman Sachs can be so correct on so many investments? He/she just learns to play what is called "the numbers game."
This very interesting article has quite a number of shocking revelations in it. I consider a microwave oven and a cable TV as a necessity and could care less about a cell phone. Take a look at the graphics in the article to see how your fellow citizens rate various day to day items as luxury or necessity. Do you agree or not? What appliance would you consider a luxury?
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