Reject Pessimistic Thinking

by Dual Income No Kids on November 25, 2008 · 0 comments

Hi All,

Like you, we DINKs try to stay on top of the news. Well, today’s headlines don’t offer a lot of optimism about America’s fiscal health. For example,

1) The Drudge Report is running a headline predicting the US is going to collapse.

2) CNN is reporting a drop of nearly 17% in housing values.

3) Bloombergs big story this morning is the Federal reserves commitment of $800 billion to improve business lending.

This adds up to a picture of doom and gloom for the economy.

I want to urge our readers to decisively reject this kind of pessimism. Despite everything that’s happened over the past few years, America still has an exceptionally flexible system of democratic capitalism. Relative to European countries like Germany and France, the United States remains an excellent place to make money, invest or start a business.

Pessimism hinders your wealth building and closes your mind to making money. The personal finance literature is very clear, a major difference between the first generation rich and others is an optimistic attitude. Also, you’ll need to effectively adjust to current economic conditions. Despair limits your ability to do this. If you are out of work, do some things to make extra money. If you don’t have an emergency fund, build one up. But, whatever you do – don’t let pessimistic thinking allow your wealth building to be derailed.

Best,

James

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