Thursday, October 2, 2008

Coping or Conquering?

A majority of Americans are frustrated today with the Senate's overwhelming backing of a pork and ear mark laden Bail Out bill last night. It was difficult to watch and in the cold light of day it feels even worse. Many are asking, How will we cope? Should we pull out of the stock market? Should we take our money out of the bank and put it in a sock?

Despite concerns, and expecting a rough ride for a while, I still believe we'll win. We don't have to cope, we can conquer. I'm going to live my life as normal. I'm going to leave my 401k alone. I'm going to live on a budget. I don't borrow money anyway, so I don't have to worry about getting car loans or Home Equity Loans. I don't carry credit card balances. So, apart from my 401k tanking, I won't really feel it. That's the power of debt free living. As for the retirement account, it will bounce back and I'm looking at it like I'm buying stock on sale. When my funds start going back up, I'll make even more.

I hate this Bail Out, but I'm not going to panic. I'm going to LIVE.


Snobound said...

Sometimes living is scary, especially when you see your retirement account dropping like a stone. We all know that SS won't be around by the time we get to retirement, so all we're gonna have is what we've managed to squirrel away - money that's protected from government controls and taxation. And at this rate, there's going to be less and less money for the average American to save because we're paying the price for Mr. Obama's buddies who obviously don't have any business sense what-so-ever. To think, they couldn't even run a company and keep it afloat, what in the world makes anyone think they can run the US Treasury???? Honestly, how stupid is the American public???