{"id":744,"date":"2008-10-22T06:40:49","date_gmt":"2008-10-22T10:40:49","guid":{"rendered":"https:\/\/www.pickthebrain.com\/your-money-or-your-life\/"},"modified":"2013-08-19T12:52:17","modified_gmt":"2013-08-19T20:52:17","slug":"your-money-or-your-life","status":"publish","type":"post","link":"https:\/\/www.pickthebrain.com\/blog\/your-money-or-your-life\/","title":{"rendered":"Your Money Or Your Life?"},"content":{"rendered":"
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\nImage courtesy of Mugley<\/a>. <\/em><\/span><\/p>\n

Right now, the news coverage is overloaded with stories about the economy.\u00a0 This is completely understandable, because recently there have been some very interesting developments in the global economy.\u00a0 What’s unfortunate about the media coverage is that the majority of it is focused on trying to “make sense” of the current situation. Sadly, that approach just seems to be causing more and more confusion and panic. Personally, I believe in the concept that one should focus 10{54c12dad2cc2b53ae830e39915b1a3e70288dbcbbeb8bbf8395437c5dc3c512c} on the problem and 90{54c12dad2cc2b53ae830e39915b1a3e70288dbcbbeb8bbf8395437c5dc3c512c} on the solution.<\/p>\n

Crystal Ball Gazing<\/strong><\/p>\n

We have “experts” looking at the past, comparing it to the current situation and then extrapolating what this will mean for the future.\u00a0 I find this approach very interesting because almost every financial prospectus comes with the fine-print warning that past performance does not predict future results. Just because something happened in the 1930’s does not mean that it is directly relevant to our present-day situation.
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\nConsider the Source<\/strong><\/p>\n

We have “experts” telling us what we absolutely must do in order to “survive”.\u00a0 We are overloaded with advice about the survival of the global economy.\u00a0 We are overloaded with advice about the survival of various national economies. And we are overloaded with advice about the survival of our own personal finances.\u00a0 My question is: Are these different “experts” from the ones that were advising us before these interesting economic developments?\u00a0 To my mind, financial “experts” are in the same league as weather “experts” and that is not meant to be a criticism of either group.<\/p>\n

Anchoring Yourself in This Storm<\/strong><\/p>\n

Let me shift your focus for just a second.\u00a0 I want you to think about the three happiest days of your life so far.\u00a0 Take all the time you need to find the three that you would consider the “happiest”.\u00a0 Have you got them?<\/p>\n

For me, they would have to be…<\/p>\n