Does Market Collapse Mean the End of the World?

fearful.jpgNo WAY!

Though you might believe otherwise from the news coverage and mass hysteria, the world is not coming to an end. The Financial “Crisis” will make it more difficult for those with not so perfect credit to get loans, but it really shouldn’t affect your day to day life.

What it should do is make you realize that this will impact only a tiny fraction of your existence…and there are so many other areas of your life that you have complete control over. Why not work on them, and secure your future?

What’s the worst that could happen?

Ask any economist, and the only response you will get is their opinion or theory. The markets are responding to the hysteria and the uncertainty of our past mistakes and future fears. Do not be swayed! Stay strong! Eventually when the government allows our markets to stabilize (by stabilizing THEMSELVES) we will return to our bullish times. Until then, realize that this period will be over at some point. Just make sure that YOUR house is in order.

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Laughing in the Face of an Economic Recession?

laughing.jpgOur nation is going through some troubling economic times right now… but you do not need to follow suit. The economy today is a horror story of financial bailouts and golden parachutes. Is the government going to bail you out if you make some not so good decisions? This is why you need to control your own financial destiny!

Don’t panic.

Easier said than done, right? Well, the truth is that the stock markets go through cycles every ten years or so. Which is why if you are close to retirement, you should be involved in low risk stocks and why if you are far from retirement, higher risks are acceptable. You should be waiting it out… not jumping ship! If you join the sell, sell, SELL bandwagon, you will be sorry when those that buy your “undervalued” stocks at a song and make a killing. An economic downturn is the best opportunity to purchase stocks (and even “designer” stocks like Google or McDonalds) at a much discounted rate.

(Note: Before you do anything, talk to your financial advisor who can help you figure out the best financial planning strategy that makes the most sense for YOU.)

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Sharing What We Covered Last Night

I wanted to send out a note of thanks to everyone who joined me for last night’s teleseminar,

“How the Average American Can Weather the Financial Crisis Without Becoming Emotionally Overwhelmed.”

I got some GREAT feedback and am feeling really good about what was presented!

I’m especially feeling good about what everybody took from the call.

That’s because I truly believe that now is the time to ACT… not just sit around in a state of paralysis over the news reports.

I want people to remember that life goes on no matter what the Dow Jones is doing. When a major crisis like what we’re seeing with the economy happens, know that it’s NOT about self preservation. It’s about self assertion!

Getting out and taking action. Making plans and following through on them. Creating a better life for you and your family. Doing it YOUR way.

As a gift of thanks for being a Slow Down Fast reader, I’d like to offer you a FREE instant replay of what was presented during last night’s teleseminar. You’ll find a link to the entire audio recording right here:

http://www.instantteleseminar.com/?eventid=4649052

Note: On this call, I reveal some truths about myself in my “past life” that I normally don’t share with people whom I’ve just met.

But as I was planning the seminar, I started thinking that it was MORE important to share my story with people who might be able to relate to it than it was to worry about possibly being judged.

If you’re working on light tasks today, why not turn up your speakers and listen in for free? 

Also: please DO share your own thoughts about how we can all “weather the financial crisis together” – and maybe even come out better people in the end!

Email me: david@slowdownfast.com, or leave a comment below. I’d love to hear your views on what’s happening in the world today.

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Trick Your Mind Into Saving Money

cash.jpgMost of us have been taught from a very young age by parents or grandparents that lived through the depression that the responsible thing to do is to save…. and save a lot!

But living in the generation where everything is so readily available… and can be charged or financed… spending seems to be the wheel most of find ourselves running. How do we break the cycle?

My biggest tip: use cash! Cash is much more difficult to part with than swiping your credit or debit cards. Using cash really makes the decision of “do I really need this” very easy. Cash is King, after all. Save for big ticket items. Not necessarily saving $30K for a new car… but surely you can put away a few dollars a week or month for that gaming system or washer/dryer you will be needing shortly! Saving and spending money you have saved also helps you determine if you are buying things your really “need.”
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Lifestyle Coach Puts His Money Where His Mouth Is – Offers FR.EE Teleseminar: How the Average American Can Weather the Financial Crisis Without Becoming Emotionally Overwhelmed

WEBCAST REPLAY NOW AVAILABLE – Sign up below.

Down Economy Got You Way Down? It doesn’t have to!

Join me for a FR.EE teleseminar THIS WEDNESDAY, OCTOBER 15th, 2008 – 7:00 PM Central.

We all see what’s going on in the world.  It sure isn’t pretty.

The markets and economy are in the tank. Foreclosures, hiring freezes, salary cuts, and layoffs are a given.

We’re hunkered down in our bunkers waiting for the storm to blow over.  Is that the right approach?

ABSOLUTELY NOT.

Think about this:  When businesses feel the heat of the bad economy and decreasing sales, do they hunker down?  No!  They get very proactive.  They look for ways to cut costs and increase efficiencies.

AS INDIVIDUALS, WE SHOULD DO THE SAME THING.

  • Take this time to engage in some self-assessment instead of using all your energy for self-preservation.
  • Build some self-confidence, self-equity, and a foundation for your future – so that you can handle good times and bad.

Now is the best time to engage in a concentrated period of personal evaluation.

1.   Figure out where you are and where you want to go.
2.   Add things to your life that are important to you.
3.   Get rid of the things that just aren’t working anymore.

You don’t have to take it on the chin and allow the bad economy to control every aspect of your life.

Come out of the basement.  Take control.  Empower yourself!

Join me for a FR.EE teleseminar THIS WEDNESDAY, OCTOBER 15th, 2008 at 7:00 PM Central.

WEBCAST REPLAY NOW AVAILABLE – Sign up below.

SIGN UP HERE:
Name:
Email:

Down Economy Got You Way Down? Now is the Best Time to Do Some Personal Analysis

We all see what’s going on in the world.

The markets and economy are in the tank. Foreclosures, hiring freezes, salary cuts, and layoffs are a given.

We’re hunkered down in our bunkers waiting for the storm to blow over.  Is that the right appoach?

ABSOLUTELY NOT.

Think about this:  When businesses feel the heat of the bad economy and decreasing sales, do they hunker down?  No!  They get very proactive.  They look for ways to cut costs and increase efficiencies.

AS INDIVIDUALS, WE SHOULD DO THE SAME THING.

Take this time to engage in some self-assessment instead of using all your energy for self-preservation.

istock_000005985442xsmall.jpgBuild some self-confidence, self-equity, and a foundation for your future – so that you can handle good times and bad.

Now is the best time to enagage in a concentrated period of personal evaluation.

  1. Figure out where you are and where you want to go.
  2. Add things to your life that are imprtant to you.
  3. Get rid of the things that just aren’t working anymore.

You don’t have to take it on the chin and allow the bad economy to control every aspect of your life.

Come out of the basement.  Take control.  Empower yourself!

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How the Average American can Weather the Financial Crisis Without Becoming Emotionally Overwhelmed

From an interview I did this evening with Charles Benson of WTMJ TV 4 in Milwaukee, written by Katie DeLong:

“MILWAUKEE – David Bohl, a lifestyle coach and former venture capitalist with much knowledge when it comes to the economy and financial gains and losses appeared on Live at 4:30.

His message: people can actually benefit by focusing on themselves rather than just their bottom lines.

Bohl discussed how the average American can weather the financial crisis without becoming emotionally overwhelmed.”

Read the rest of the article and see the video.

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Thanks to Capitol Investor for including this post in the Investing Carnival, to My Two Dollars for featuring this post in the Money Hacks Carnival, to The Skilled Investor for publishing this post in the Carnival of Financial Planning, and to My Family’s Money for inclusion in the Carnival of 20 Something Finances.

Take Personal Stock in this Financial Meltdown

From my article Take Personal Inventory in the Financial Crisis in the Small Business Times:

“Let’s be honest. When the world is in crisis, or at the very least you perceive crisis is about to occur, your personal performance is the first to go.”

I’d even wager that you’ve spent more time in the last year planning your vacation than you did specifically focusing on your personal growth and development.

Read the rest of Take Personal Inventory in the Financial Crisis.

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