How I Successfully Dealt With A Bad Economy

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QUESTION: How do you deal with negativity about the economy day in and day out? The economic situation is a major negativity that we all are experiencing... how is the best way to deal with our personal situation? Thanks, Mary W.

ANSWER: The only way to deal with the negativity of the economy day in and day out is getting your own economy in good working order. The word economy defined by the dictionary means the management of a household or state. If you are managing your household well, the negative news of how other people are managing their households won't bother you at all.

When peace of mind and living well become more important to you than where you live and what material things you have, you will begin to manage your economy well. I began managing my household (economy) extremely well back in 1998. I eliminated all debts and got rid of owning things because when you own things you have to protect them, insure them and repair them. In other words the very things you want that you think will make you happy, over time, become a pain in the ass to take care of and manage.

Today, I own nothing and I have no debt. On the other hand, I have plenty of cash to do what I want do when I want to do it and to go where I want to go when I want go... If I can't pay cash for what I want, I don't get it because once you are in debt you become a 'slave' to your debt and lose your freedom to come and go as you please. My freedom is too important to me to ever let debt rule my life again.


Hope this answers your question,


Merry Christmas,


Frederick
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