2008 All Over Again?

It's happening again: Wall Street is slumping, people are panicked, and the economic health of the world is in jeopardy.  Sound familiar?  This pattern of turbulence is very similar to what occurred only a few years ago.  At that time, I wrote an article on how to survive such a drastic and life-changing financial challenge.   Those words of wisdom helped me, and many others, through that crisis back in 2008; I feel the tips below are still apropos today.  And one more thing:

PRACTICE PATIENCE!

How To Survive an Election-Year Financial Meltdown

I know what some of you are saying, "Why should I listen to what you have to say about the economy? You're a self-help guy, who specializes in healthy lifestyle and personal development, as well as makes funny (goofy) videos and goofy (funny) parody songs."


Why? Because in dire times like these (seen the Business headlines recently?), during the most important presidential election of our lifetime, it takes a commonsense and practical approach to combat all the craziness going on out there.

Q: But, Mike, you write and make videos about diet and nutrition, motivation and how-to, what do you know about finances?

A: As much as the next guy, and more than enough to help you.

TEN THINGS YOU CAN DO TO SURVIVE THE ELECTION YEAR FINANCIAL MELTDOWN

1. DON'T PANIC

Wall Street seems to feed on panic--panic buying and panic selling. While others overreact and sell off their stocks and put their cash in safer investments, you don't need to follow suit. Unless you need the money from those investments right now, standing pat is still the best option. Why? Because stocks eventually ALWAYS come back up--this is a historical fact. And if they don't, then we're all in trouble. This too shall pass.

2. SIT ON IT

Rarely, as a self-help, fitness guru, do I suggest sitting back and doing nothing. But, in this case, go right ahead! Pass the popcorn and park it on the couch. Okay, you still need your daily exercise, but with regards to your money--LEAVE IT ALONE. Sit on it. In fact, the best advice that I hear the most from those that get paid to know this sort of thing is: DO NOT stop contributing to your 401k or IRA. Why? Right now stocks are cheap. When the market goes down, prices go down. The more stock you purchase NOW, at lower prices, the more you will have LATER, when the market stabilizes and goes back up. Think about it.

3. KISS (KEEP IT SIMPLE, SHERLOCK!)

Simplify your life. Cut back, spend less. Analyze what you NEED versus what you WANT. If you dine out 3-4 times a week, cut that in half. Do you really need satellite TV and radio? The recent trend now is stay-at-home vacations--you spend less on gas and airfare, while discovering local attractions you may have been missing, or avoiding, for years.

Bottom line: Simplify your life and save money.

4. TAKE A WALK

How much do you spend a year on that health club membership? Figure out a way to stay in shape at home, and cancel that costly membership. Walking is one of the least expensive, but most effective, ways to stay in shape. Plus, it gets you outside, and is good for the mind and spirit. In times like these, that's a good thing.

If you desire a more strenuous workout, look into purchasing dumbbells, a stationary bike or other equipment; whatever fits your specific needs. The initial investment may smart a little at first, but will more than pay for itself for years and years.

5. INVEST IN YOURSELF

While exercise and keeping fit are vital aspects of personal growth, don't stop there. Continue working on self-improvement and personal development all the time. livelife365.com offers hundreds of self-help videos that can change your life for the better, all free of charge and just a mouse-click away.

6. LISTEN TO YOUR BOSS

There is no place continued growth is more important right now than in the job market. Now is not the time to take your job for granted. Nor is it the time to mess up the job you have. Yes, keep that resume handy and continue networking and sharpening your skills so that you are more marketable. But you also need to keep your boss happy with your work. Work harder. Do the best job you can to make yourself indispensable. Most companies will have cutbacks and layoffs--YOU cannot control this. But you CAN control your effort, productivity, and attitude.

ALWAYS be in the TOP ranked twenty percent of good performers, not the bottom twenty.

Why? GOOD companies seldom layoff GOOD employees.

Be good, listen to your boss!

7. STOP AND SMELL THE FLOWERS

Enjoy yourself. Enjoy each day. Live life 365. This simply means to live your life every day in every way. Yes, times are tough, the economy is a mess, the world is a bigger mess, but you can still find a way to enjoy the little things in life that have nothing to do with the bigger things that are out of your control.

Every Day Every Way

8. GET YOUR HANDS DIRTY

Now is the time to roll up those sleeves and get to work. But you're already working on self and your job; what next? Go outside, dig up the garden. If you don't have a garden, start one. Landscape. Mow the lawn. Do house repairs, spring or fall cleaning. Learn a new (inexpensive) hobby. Do it yourself. Besides saving you a ton of money, DIY is good for the mind, body, and spirit. A sense of self-accomplishment goes a long way. And if you're picking ripe tomatoes off the vine, you're not worrying about Wall Street. Besides, growing your own will save you more money in the long run (and they taste so much better, too!). Can, bottle, preserve, or freeze whatever you can't consume now, and have a winter of homegrown, inexpensive veggies.

9. BALANCE YOURSELF

And your portfolio. The only movement you should be doing with your portfolio is rebalancing it. This simply means you need to take a look at your asset allocations. When there are sharp fluctuations in the stock market, your assets will also shift. But do me a favor, check with your financial consultant before you do anything.

As for you and YOUR balance: you should always be working on managing your Triad of Balance, the harmonic balance between Mind, Body, and Spirit.

10. VOTE FOR CHANGE


Now, more than ever, we need some major changes in Washington. If YOU do not like what is happening in YOUR life due to decisions made by our political leaders, YOU have the power to CHANGE it.

The current financial meltdown we are witnessing needs to be fixed. Fixed fast! We have the choice to keep on making the same mistakes that have led us here.

Or opt for CHANGE.

For the better.

I hope these tips help make dealing with these turbulent times a bit easier. And always remember that YOU have more power than you think to CHANGE your LIFE.

peace,

Mike

I Want That! And That! And That!

Stuff. Things. Possessions.

We all like to buy stuff, right? As a self-admitted collector, there’s nothing I enjoy more than perusing a quaint used bookstore in search of a rare first edition to complete a collected set of one of my favorite authors.


We work hard all day, why not splurge a little and go for that extra-extra, big-big flat screen HDTV, right? Or take that expensive vacation to the Mediterranean. Or opt for an extra 500 square feet and the three-car garage for that stunning house in that gated community.

Why not?
You deserve it.
Or do you?

Merit. Deserve. Entitlement.
I want it all! Now!

Living ABOVE your means.

The recent credit crunch, housing market bubble burst, and subsequent Wall Street meltdown has made all of us more cognizant of our financial situations. But all these financial fireworks and government bailouts and foreclosures and job loses and political promises and 401K angst have one major connection, one common thread:

PEOPLE LIVING ABOVE THEIR MEANS!

I like to compare those living above their means to someone who is grossly overweight, knows they need to change, but just keeps eating too much of the wrong foods until they eventually face dire health (and all too often catastrophic financial) consequences.

They need help.

They need to learn to “budget” their caloric intake. Need to understand why they THINK they NEED to eat the wrong foods and the wrong amounts. Same thing goes for those overspending, being financially careless.

They need to live within their means.

While practicing better fitness and nutrition is always a major focus of mine at livelife365.com, this particular post deals more with financial responsibility and personal accountability. By the way, if you are looking for ways to help you lose weight or would like to learn more about nutrition and fitness, these videos will help.

For more about my feelings on Living Within Your Means, please enjoy this video:



Now, for the hard part: Changing!

Just as the politicians, during the recently completed (it IS over, right?) presidential campaign, pounded the need for change into our heads, we, too, need to make changes in the way WE do things. But, guess what?

Change is good!

Is change easy?

That’s another story. Change can be painful, difficult, challenging, but no less painful or challenging as filing for bankruptcy. Or having your house foreclosed on. Or having to ignore a medical condition because you can’t afford to visit a doctor.

Here are some ways to help you try to live within your means:

* ADMIT you have a problem. Take personal accountability and understand that you CAN’T AFFORD everything that you WANT. Hey, I would love another 500 square feet and a nifty three-car garage, but will not put myself into unnecessary debt just to have it.

* BUDGET YOURSELF. Go on a financial diet. Just like when dieting to lose unwanted pounds, this is easier said than done. What can you do?

* EDUCATE YOURSELF. Reading this post, as well as visiting websites like livelife365.com, is a great start, but don’t stop there. Read, read, and read some more. Ask questions to qualified financial experts every chance you get. The more you know the better ability you have to understand your particular financial situation, what you can and cannot afford. You should know how much of a mortgage you can afford BEFORE you ever sit down across from a member of any lending institution. If you don’t, then you’re probably not ready to buy a house.

* THINK LAYAWAY. Before the human race became consumed with credit, they used to pay for things BEFORE they bought them. This not only gives you a wonderful sense of accomplishment and appreciation, but it also keeps you out of unwanted and sometimes devastating debt. It helps you…

LIVE WITHIN YOUR MEANS.

In a way, living a layaway life is the antithesis of being under the misguided misconception of feeling compelled to have a life of entitlement.

Simply put: We need to change.

Change the way we think.
Change the way we spend.
Yes, change the way we eat (had to throw that one in).

Change the way we live.

There’s a lot of nice stuff out there, things and possessions that we all think we need and can’t live without. But unless you really, really need something, or at least can easily afford it, then the solution is simple:

Just say no.

And try to change your life…for the better.

Until next time…

peace,

Mike

Can't Blog? Then Vlog!

Greetings from Vicodin Land!


I struggle to type this post using only one hand (and a few fingers), embracing the potency of pain-killers that keep the hurt away, but make Mike a bit more goofier than usual. The good news: I'm getting better every day! The bad news: I am still a ways away from being able to write blog posts.

Instead of writing, I have been shooting video and posting vlogs on my video site, livelife365.com. It is much easier than doing this (he says, as his fingers continue to hit the wrong keys!), and a lot less painful and time consuming.

So, in the meantime, please enjoy these v (ideo) log posts:

Mike Post-Surgery 24-48 Hours
Mike Post-Surgery: Red Sox Recap

Mike Post-Surgery (Day Three)
Mike Post-Surgery (Day Four): Never Give Up

Mike Post-Surgery (Day Five): Vote For Change
Mike Post-Surgery (Day Six): Updates and Financial Talk



I would also like to thank all of you who left such kind comments and good wishes during this past week--it means a lot!

Hope to be back blogging very soon. Until then, please enjoy my videos at livelife365.com, and keep living your life every day, every way.

Until next time...

peace,

Mike

How To Survive an Election Year Financial Meltdown

I am republishing this post about dealing with the recent highs and lows (mostly lows, sadly) of our economy. Last week's losses on Wall Street were the most for one week in the history of the New York Stock Exchange. Lots of people, fearful of losing more, may have joined in the panic and sold, sold, sold. I hope this was not the case. Today (Monday, 10/13/08) the Dow gained back almost half of those loses from last week, the highest one-day gain since 1933. As this post states, do no panic. Stocks historically go back up. I am not saying that the bad financial times are behind us, they are not. But what I am saying, again, is not to panic, practice patience, and enjoy the things in your life that you can control.

Please also enjoy:

How To Survive an Election Year Financial Meltdown

I know what some of you are saying, "Why should I listen to what you have to say about the economy? You're a self-help guy, who specializes in healthy lifestyle and personal development, as well as makes funny (goofy) videos and goofy (funny) parody songs."


Why? Because in dire times like these (seen the Business headlines recently?), during the most important presidential election of our lifetime, it takes a commonsense and practical approach to combat all the craziness going on out there.

Q: But, Mike, you write and make videos about diet and nutrition, motivation and how-to, what do you know about finances?

A: As much as the next guy, and more than enough to help you.

TEN THINGS YOU CAN DO TO SURVIVE THE ELECTION YEAR FINANCIAL MELTDOWN

1. DON'T PANIC

Wall Street seems to feed on panic--panic buying and panic selling. While others overreact and sell off their stocks and put their cash in safer investments, you don't need to follow suit. Unless you need the money from those investments right now, standing pat is still the best option. Why? Because stocks eventually ALWAYS come back up--this is a historical fact. And if they don't, then we're all in trouble. This too shall pass.

2. SIT ON IT

Rarely, as a self-help, fitness guru, do I suggest sitting back and doing nothing. But, in this case, go right ahead! Pass the popcorn and park it on the couch. Okay, you still need your daily exercise, but with regards to your money--LEAVE IT ALONE. Sit on it. In fact, the best advice that I hear the most from those that get paid to know this sort of thing is: DO NOT stop contributing to your 401k or IRA. Why? Right now stocks are cheap. When the market goes down, prices go down. The more stock you purchase NOW, at lower prices, the more you will have LATER, when the market stabilizes and goes back up. Think about it.

3. KISS (KEEP IT SIMPLE, SHERLOCK!)

Simplify your life. Cut back, spend less. Analyze what you NEED versus what you WANT. If you dine out 3-4 times a week, cut that in half. Do you really need satellite TV and radio? The recent trend now is stay-at-home vacations--you spend less on gas and airfare, while discovering local attractions you may have been missing, or avoiding, for years.

Bottom line: Simplify your life and save money.

4. TAKE A WALK

How much do you spend a year on that health club membership? Figure out a way to stay in shape at home, and cancel that costly membership. Walking is one of the least expensive, but most effective, ways to stay in shape. Plus, it gets you outside, and is good for the mind and spirit. In times like these, that's a good thing.

If you desire a more strenuous workout, look into purchasing dumbbells, a stationary bike or other equipment; whatever fits your specific needs. The initial investment may smart a little at first, but will more than pay for itself for years and years.

5. INVEST IN YOURSELF

While exercise and keeping fit are vital aspects of personal growth, don't stop there. Continue working on self-improvement and personal development all the time. livelife365.com offers hundreds of self-help videos that can change your life for the better, all free of charge and just a mouse-click away.

6. LISTEN TO YOUR BOSS

There is no place continued growth is more important right now than in the job market. Now is not the time to take your job for granted. Nor is it the time to mess up the job you have. Yes, keep that resume handy and continue networking and sharpening your skills so that you are more marketable. But you also need to keep your boss happy with your work. Work harder. Do the best job you can to make yourself indispensable. Most companies will have cutbacks and layoffs--YOU cannot control this. But you CAN control your effort, productivity, and attitude.

ALWAYS be in the TOP ranked twenty percent of good performers, not the bottom twenty.

Why? GOOD companies seldom layoff GOOD employees.

Be good, listen to your boss!

7. STOP AND SMELL THE FLOWERS

Enjoy yourself. Enjoy each day. Live life 365. This simply means to live your life every day in every way. Yes, times are tough, the economy is a mess, the world is a bigger mess, but you can still find a way to enjoy the little things in life that have nothing to do with the bigger things that are out of your control.

Every Day Every Way

8. GET YOUR HANDS DIRTY

Now is the time to roll up those sleeves and get to work. But you're already working on self and your job; what next? Go outside, dig up the garden. If you don't have a garden, start one. Landscape. Mow the lawn. Do house repairs, spring or fall cleaning. Learn a new (inexpensive) hobby. Do it yourself. Besides saving you a ton of money, DIY is good for the mind, body, and spirit. A sense of self-accomplishment goes a long way. And if you're picking ripe tomatoes off the vine, you're not worrying about Wall Street. Besides, growing your own will save you more money in the long run (and they taste so much better, too!). Can, bottle, preserve, or freeze whatever you can't consume now, and have a winter of homegrown, inexpensive veggies.

9. BALANCE YOURSELF

And your portfolio. The only movement you should be doing with your portfolio is rebalancing it. This simply means you need to take a look at your asset allocations. When there are sharp fluctuations in the stock market, your assets will also shift. But do me a favor, check with your financial consultant before you do anything.

As for you and YOUR balance: you should always be working on managing your Triad of Balance, the harmonic balance between Mind, Body, and Spirit.

10. VOTE FOR CHANGE


Now, more than ever, we need some major changes in Washington. If YOU do not like what is happening in YOUR life due to decisions made by our political leaders, YOU have the power to CHANGE it.

The current financial meltdown we are witnessing needs to be fixed. Fixed fast! We have the choice to keep on making the same mistakes that have led us here.

Or opt for CHANGE.

For the better.

I hope these tips help make dealing with these turbulent times a bit easier. And always remember that YOU have more power than you think to CHANGE your LIFE.

peace,

Mike

How To Survive an Election Year Financial Meltdown

I know what some of you are saying, "Why should I listen to what you have to say about the economy? You're a self-help guy, who specializes in healthy lifestyle and personal development, as well as makes funny (goofy) videos and goofy (funny) parody songs."


Why? Because in dire times like these (seen the Business headlines recently?), during the most important presidential election of our lifetime, it takes a commonsense and practical approach to combat all the craziness going on out there.

Q: But, Mike, you write and make videos about diet and nutrition, motivation and how-to, what do you know about finances?

A: As much as the next guy, and more than enough to help you.

TEN THINGS YOU CAN DO TO SURVIVE THE ELECTION YEAR FINANCIAL MELTDOWN

1. DON'T PANIC

Wall Street seems to feed on panic--panic buying and panic selling. While others overreact and sell off their stocks and put their cash in safer investments, you don't need to follow suit. Unless you need the money from those investments right now, standing pat is still the best option. Why? Because stocks eventually ALWAYS come back up--this is a historical fact. And if they don't, then we're all in trouble. This too shall pass.

2. SIT ON IT

Rarely, as a self-help, fitness guru, do I suggest sitting back and doing nothing. But, in this case, go right ahead! Pass the popcorn and park it on the couch. Okay, you still need your daily exercise, but with regards to your money--LEAVE IT ALONE. Sit on it. In fact, the best advice that I hear the most from those that get paid to know this sort of thing is: DO NOT stop contributing to your 401k or IRA. Why? Right now stocks are cheap. When the market goes down, prices go down. The more stock you purchase NOW, at lower prices, the more you will have LATER, when the market stabilizes and goes back up. Think about it.

3. KISS (KEEP IT SIMPLE, SHERLOCK!)

Simplify your life. Cut back, spend less. Analyze what you NEED versus what you WANT. If you dine out 3-4 times a week, cut that in half. Do you really need satellite TV and radio? The recent trend now is stay-at-home vacations--you spend less on gas and airfare, while discovering local attractions you may have been missing, or avoiding, for years.

Bottom line: Simplify your life and save money.

4. TAKE A WALK

How much do you spend a year on that health club membership? Figure out a way to stay in shape at home, and cancel that costly membership. Walking is one of the least expensive, but most effective, ways to stay in shape. Plus, it gets you outside, and is good for the mind and spirit. In times like these, that's a good thing.

If you desire a more strenuous workout, look into purchasing dumbbells, a stationary bike or other equipment; whatever fits your specific needs. The initial investment may smart a little at first, but will more than pay for itself for years and years.

5. INVEST IN YOURSELF

While exercise and keeping fit are vital aspects of personal growth, don't stop there. Continue working on self-improvement and personal development all the time. livelife365.com offers hundreds of self-help videos that can change your life for the better, all free of charge and just a mouse-click away.

6. LISTEN TO YOUR BOSS

There is no place continued growth is more important right now than in the job market. Now is not the time to take your job for granted. Nor is it the time to mess up the job you have. Yes, keep that resume handy and continue networking and sharpening your skills so that you are more marketable. But you also need to keep your boss happy with your work. Work harder. Do the best job you can to make yourself indispensable. Most companies will have cutbacks and layoffs--YOU cannot control this. But you CAN control your effort, productivity, and attitude.

ALWAYS be in the TOP ranked twenty percent of good performers, not the bottom twenty.

Why? GOOD companies seldom layoff GOOD employees.

Be good, listen to your boss!

7. STOP AND SMELL THE FLOWERS

Enjoy yourself. Enjoy each day. Live life 365. This simply means to live your life every day in every way. Yes, times are tough, the economy is a mess, the world is a bigger mess, but you can still find a way to enjoy the little things in life that have nothing to do with the bigger things that are out of your control.

Every Day Every Way

8. GET YOUR HANDS DIRTY

Now is the time to roll up those sleeves and get to work. But you're already working on self and your job; what next? Go outside, dig up the garden. If you don't have a garden, start one. Landscape. Mow the lawn. Do house repairs, spring or fall cleaning. Learn a new (inexpensive) hobby. Do it yourself. Besides saving you a ton of money, DIY is good for the mind, body, and spirit. A sense of self-accomplishment goes a long way. And if you're picking ripe tomatoes off the vine, you're not worrying about Wall Street. Besides, growing your own will save you more money in the long run (and they taste so much better, too!). Can, bottle, preserve, or freeze whatever you can't consume now, and have a winter of homegrown, inexpensive veggies.

9. BALANCE YOURSELF

And your portfolio. The only movement you should be doing with your portfolio is rebalancing it. This simply means you need to take a look at your asset allocations. When there are sharp fluctuations in the stock market, your assets will also shift. But do me a favor, check with your financial consultant before you do anything.

As for you and YOUR balance: you should always be working on managing your Triad of Balance, the harmonic balance between Mind, Body, and Spirit.

10. VOTE FOR CHANGE


Now, more than ever, we need some major changes in Washington. If YOU do not like what is happening in YOUR life due to decisions made by our political leaders, YOU have the power to CHANGE it.

The current financial meltdown we are witnessing needs to be fixed. Fixed fast! We have the choice to keep on making the same mistakes that have led us here.

Or opt for CHANGE.

For the better.

I hope these tips help make dealing with these turbulent times a bit easier. And always remember that YOU have more power than you think to CHANGE your LIFE.

peace,

Mike