This whole financial crisis has been on my mind a lot. I've worried about my retirement money, of course. What I've learned, though is to just be still. To stay present through all the chaos. That holding steady is the action to take.
I kinda wish I was teaching juniors this year, it would be fun to teach the stock market crash of '29 and the Great Depression and to compare this year to then.
I was talking with Dad about the financial crisis and the talking heads on CNN going absolutely berserk. We had a lively debate about Congress bailing out the Market and the process that was going on to come to a plan. I am glad I don't have credit cards. I mean, there are times life would be easier if I did have a card, when I'm traveling, but now I'm glad I don't carry debt. Other than my car, anyhow. I live month to month with just a pad of savings and I'm relieved right now.
Oh, sure there are times I wish I lived in a house of my own, but in the long run I would spend so much more money hiring someone to do work--than what I pay in rent. Plus, I have a landlord to do stuff. And I don't have to pay taxes or water/sewage or trash or or or...
So, my financial plan right now is to get a term life insurance policy and put my savings in some Treasury Bills. And to pay off my car faster than the payment schedule. And I'm not going to panic.
I hesitate to quote the Oprah show twice in one week but seriously, the Friday show with Suze Orman and Ali Velshi was informative and reassuring.
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