Your survival guide for a wild economy
For decades the American economy enabled scores of people to generate large sums of money through commerce. After every recession, and even the depression of the 1930’s, our economy regained its strength and vitality. As time progressed, our nation began to rely more on the transfer of technology and information as our source of revenue, and less on the production of real goods. This led to a dependency on foreign economies and their ability to sustain our level of consumption of these products.
Over time, our nation became more and more indebted to these countries. American citizens have developed a voracious appetite for consumable goods and services far surpassing their ability to pay for those purchases, leading to uncontrolled use of credit and overwhelming debt. This materialistic mentality overrode the common sense that once prevailed in the American people.
As a result, we find ourselves in a predicament characterized by lower wages, job losses, business closings and cutbacks, and an unpredictable economy. People are uneasy and fearful of things to come. Therapists and counselors are busier than ever, as many people believe that we are in a trend spiraling downward toward a lower standard of living.
There is hope. This hope lies in the actions of the individual. The ability of people to change the course of their future is the hallmark of the spirit of individualism that built America. However, sometimes this change of course brings with it uncertainty and risk. The early American pioneers knew what it meant to survive in a hostile and unforgiving environment, yet they persevered through the difficult times to carve out a nation that has no equal in the modern world. They realized the importance of having dreams, and pursuing those dreams at the cost of personal conveniences and even life itself. It is this rugged individualism that must once again prevail in the turbulent economic times we now find ourselves.
The true entrepreneur moves forward in the face of uncertainty and risk because he knows what he wants in life. He understands it is a journey, not a destination, and readily chooses freedom over security.
With this mindset, there is no limit to the change that can be produced, both in the lives of individuals, and in the economies of the world.
[Mark Burgess / Author of “Don’t Get Trampled By the Moose”]