There are three kinds of people:
People that live in their past, people that live in the future and people that live in the present.
Living in the “now” is the enlightened way of action taught by the Zen masters.
Don’t worry, I am not going to lecture you about the virtues of living in the “now” because I myself stray from that doctrine regularly and I find myself lost in the dream land of the future or reminiscing about the idyllic days of my youth:)
I guess I still have a lot to learn, or maybe I don’t want to be that enlightened; I just want to be happy.
Don’t get me wrong. I love the merits of living in the now and I think I am a “get in charge”and “do it now” kind of guy.
I love the “now” because is the only time you can act, when you can do something about your life, when you can take control and change your destiny.
There is an old saying “After the war, everybody is a hero” after the facts everybody has the hind sight.
We all know the “should have” “would have” and “could have” but who knows what to do now?
Here’s my advice for people that are in trouble.
If you are in a hole stop digging!
Part of the joy of being in a recession is having lay offs, salary and working hours cuts and other “measures” which usually mean you are taking less money home.
That creates a problem: You are taking in less money but your spending is the same or even greater. That means your check balance goes from plus to minus and that is when you are in a hole – financially, because you can be in all kind of different type of holes.
There are two ways people deal with that: Dipping into your savings, stocks, bond, IRA, 401K etc. or cutting down on your spending.
Using up your savings is only good when you can see the light at the end of the tunnel or you have a plan in place that requires you to buy some time.
The thing I don’t like about using up my savings is that in fact it is digging the hole deeper.
Cutting on your spending should be your first line of defense, because it can be bring you back to a balanced budget for as long as necessarily with out putting you in deeper.
Take your loses and regroup.
When hard times hit, it is not always possible to keep the same life style and all the old toys and benefits that we have grown accustomed to have.
Some time by trying to hold to all the extra “convenient” things we have,will make us lose the things that are essential or even everything.
If your leg has gangrene and it can’t be salvaged it is better – although very painful – to cut it off than let the infection spread to the rest of your body.
To jump over the hole take a step back.
The deeper you are in the hole the harder and longer is to get out.
Consider taking a temporary step back.
Send your kids to your parents, rent out part of your house, or even move with your parents all together.
I know it sounds crazy to live with your mother in law but it is a good moral booster in finding a new job :)
And remember it is only temporary not an amputation!
And always remember:
This too shall pass.