Friday, August 20, 2010

Spike in layoffs feeds fear of faltering recovery - Yahoo! Finance

Spike in layoffs feeds fear of faltering recovery - Yahoo! Finance

The double dip. Are you surprised? Not if you have been reading this blog.

Unfortunately many have not expected or prepared and the next few months may get pretty ugly. Politicians and even the media will continue to bicker and blame instead of providing constructive information to the people about how to get through these times.

What can we do?

1. If you have been reading the financial blogs the answers have been recurring - cut living expenses, get some savings, pay off debt, and learn to live more independently. All of us hopefully are working to achieve these steps.
2. Look for income options through side or small businesses. Since loaned funds are not as readily available the business may need to be started on a shoestring. This is not impossible. It is how it used to be done.   Even if you already have a job it would not be a bad idea to learn as much as you can about small business opportunities and processes.  If you don't need the information you can pass it on to someone who does.
3. Keep your mind focused and your body busy. Many succumb to anger, depression, and despair because they think more about the problem than they do the solution. We will get though this. We may not be able to take all our stuff but this is a time to reflect on what is really important. Goods are replaceable, relationships are not.
4. Encourage your family, friends, and neighbors. When we all work together we can get more done in a quicker amount of time.
5. Be grateful and thankful for all that is good in your life. Do you have health, family, sunshine, a friend? Appreciate them and tell them so.
6. Have a good weekend. Smile and hold your head up. Laugh at least once.

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