Good morning! I hope your day is off to a great start.
If you’ve been missing my morning posts, join the club. I’ve missed writing them. A lot. Sometimes life injects its own set of priorities and, like anything else, once you miss one or two days, it’s that much easier to miss the next one, and the next one, and the 365 after that.
I think, with all of us, there comes a point where you wonder if what you’re doing is really making a difference. And that’s important. If we do anything, we should do it with a sense of purpose. My purpose is really simple – I want to spread a little hope and inspiration in a world that seems hell-bent on doing the exact opposite. So, buckle up.
We talk a lot about dreams – things we’d like to accomplish, the lifestyle we’d like to enjoy. But it’s hard to focus on dreams when we’re struggling to survive. Ever heard of “Maslow’s Pyramid?” It’s a pretty simple concept. All the good stuff is at the top. And no matter how high you climb, one good kick in the shins will knock you right back to the bottom.
So, how is this economy working for you? It’s hitting us all pretty hard. And in case you hadn’t noticed, it’s getting worse. We can complain and point the finger of blame all we want, but there’s nothing any of us can do to change it. That leaves us with two choices – make more or spend less. And buy some shin guards.
When things get tight, our first instinct is to cut spending. And that’s probably the fastest way to get started. But there’s only so much you can accomplish by tightening the purse strings. If you don’t believe me, go to the grocery store. On your way there, swing by the gas station and fill your tank. Cursing is optional.
No matter how hard we try, the things we need to survive and get through life are becoming more expensive, and much faster than we are. Inflation in the US is currently 8.6 percent. That’s the highest in 40 years. How much was your last pay raise? I rest my case. The company calls it a “cost-of-living increase,” but somebody forgot how to add.
Granted, for most of us, there are certain things we could cut back to reduce spending. My wife and I travel around the country in a 38-foot motorhome, so I guess there are a few things we could do. I could also give up bourbon, but that’s not happening, either. And the bathroom scale says I could buy less food, but we all know the scale adds at least ten pounds.
So, let’s agree that cutting spending is a short-term strategy with limited scope. It may help pay next month’s electric bill, but that’s going up, too. And, I’m betting your mortgage and car payments haven’t come down, either. Cut expenses all you want, as long as they get their money each month.
So, why is a “motivational humorist” spreading such cheer? Well, the future is what we make of it. Unless you’ve got a suggestion on how to restore a vibrant economy, let’s focus on increasing our own income. That is within our control, and of the two options, it’s the one that offers the best long-term potential. But it can take time. The time to get started is now.
If a hurricane were coming your way, you’d take some precautions. You’d cover the windows, bring in the lawn furniture, and stock up on bourbon. You’re prepared. And what’s the worst thing that happens if the storm fizzles out? You’ve got a cozy house with extra seating and plenty of bourbon. Win-win.
This is one of those times when we have to prepare for the hurricane, a term quoted from the CEO of J.P. Morgan Chase, the largest bank in the nation in describing our economic future. Or, as you’ve heard me say in the past, it’s time to dig the well before you get thirsty.
There’s little doubt we’re headed for some tough economic times. We can keep doing what we’ve been doing and hope for the best. Or we can start digging that well now, before things get worse. If the economists are right, you’ll be glad you did. And if they’re wrong, whatever will you do with that extra money???
That’s all for now. Get started on that well. I’ll share some more ideas on that in the coming days. Meanwhile, it’s good to be back with you. Have an awesome day!
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