Posts Tagged ‘uncertainty’

The truth is, there is very little in human affairs that is certain. Yet from everything I have observed, people do everything they can to bring some semblance of certainty into their lives. From daily routines, to various levels of risk aversion, creating stability has become important to many.

Thus the uncertainty in the current economic environment can be maddening. Many who thought their future was secure are watching their wealth melt away with no indication of when the problems will end.

The bailout program being proposed lives side by side with commentary explaining that no one knows what the outcome would be if this drastic plan were put into effect. Massive uncertainty.

If you watch the movement of the stock market these days, it’s a wile ride up and down, up and down, not on a daily basic, but on an hourly basis. This reflects a high degree of uncertainty.

So what’s the average human to do in the face of such overwhelming uncertainty. Here are some suggestions.

•  Accept the situation for what it is. Remember the Serenity Prayer: Grant me the serenity to accept the things I cannot change, courage to change the things I can, and the wisdom to know the difference.
•  Stay focused in the present. How are you doing today? Do you have what you need today? Are you physically comfortable today?
•  Educate yourself. The more you know about money and the financial world, the more control you will feel you have over your finances. You will also have the wherewithal to figure out solutions to problems that arise.
•  Limit your risks for now. Don’t take on new, risky projects or investments–unless, of course, you thrive with uncertainty.
•  Don’t take on any new debt.
•  Breathe. Whenever you feel anxiety building up, take a series of deep breaths and repeat your power word.

In Month 1 of the new six-month program, Build Your Money Muscles for Financial Strength & Security, there is a helpful audio called Overcoming Financial Fear. The first month of the program also includes detailed instructions for using EFT and the Power Word to help you through difficult times.
 Learn more…
 
Because of the current turmoil, members of the BYMM Program will be able to paticipate in weekly teleconferences.