Sunday, November 16, 2008

Stocks’ wild ride should continue this week - Stocks & economy- msnbc.com

I don’t know why anyone would have a problem with finances.  What is the difference between thousands of dollars in a household budget and billions in a countries budget? 

Anyone in their own financial crisis knows the first thing you do is quit spending!  The second thing is eliminate unnecessary expenses.  The third thing to do would be, because of the uncertainty of the times, after the first two things are accomplished to the best of your ability, is to attempt to save if possible. 

Not knowing what is coming next in the near future, you should try to prepare for the unexpected as best as possible.  Our financial crisis is here and that’s a fact, now sooner or later we are just going to have to weather through it. 

I can’t help but think, at least in my world, I could see this coming.  I knew that the only thing driving the economy was real estate and technology.  I also have a hard time believing  that there weren’t others that didn’t see this coming.  If I, who am just your average Bill, ( The name Joe is already taken) could see it, surely there were others.

Could the lust for more, and the race to keep up with the Jones's be the reason for our dilemma today?  Proverbs 11:28 in the Bible says:  Whoever trusts in his riches will fall, but the righteous will thrive like a green leaf. 

To be righteous is to be in right standing with God.  When you are there, it means simply that you are doing the right things.  That’s not chasing money and surly not desiring what your neighbor has, but being content with what you have and thankfully receiving it.

Bill Collier

http://mindworthy.mypodcast.com

Stocks’ wild ride should continue this week - Stocks & economy- msnbc.com