Home Spotlight Archive Spotlight - 10/01/09 - In My Experience - Unprecedented?
Spotlight - 10/01/09 - In My Experience - Unprecedented?
Wednesday, 30 September 2009 20:10

By: Dwayne Samples

 

Government run heath care, federal bailouts, stimulus packages, increased government debt;  all of these topics are in the news today 24/7, 365. We hear about our government spending trillions and trillions of dollars in an attempt to correct problems that plague our country.

Have you seen any of that money? How are you doing? Have you seen any benefit from government programs like cash for clunkers, home loan restructuring, or COBRA assistance?

What about us? What about, as Bill O'Reilly says, "the folks?"

Have you been affected in 2009 by any of the following:

  1. Shrinking 401-k
  2. Loss of a job
  3. Foreclosure
  4. Underemployment
  5. Living off of retirement savings
  6. Loss of a business
  7. Increased Debt Load
  8. Bank Failures
These events and many more have happened with regular frequency during 2009. For most of us, what we have experienced is something that we have never been through in our lifetime.The events we went through in 2009 are like the floods that Georgia experienced a week ago. Interstate highways closed, 2,000 or more homes destroyed, school cancelled, bridges out and 10 people lost their lives. The people who track these types of flood events say that the level of the water far exceeded any 100 year flood maps that existed for this area of Georgia. Unprecedented is how they put it.

 

Unprecedented?


Think about the events in the world that were unprecedented when they occurred. The assassination of JFK; the Columbia space shuttle disaster; Chernobyl 's nuclear meltdown; the stock market crash; the great depression; sub-prime mortgages. I am sure there are others you could think of.

The question is: What did we, or should we have, learned from these things? Were changes made, policies revised, standards increased, or precautions taken?

What have we learned in 2009? As we experienced the unprecedented, have we learned anything?

I hope we did. Someone once said that if a person does the same things over and over again and expects different results, they are crazy.

So, what are you going to do differently? How are you going to change how you manage your business, your finances, or your lifestyle, now that you have experienced the unprecedented?

 

I would like to compile a list of the things that "the folks" are doing to avoid being destroyed by economic events like we have just experienced.

What are you going to do differently?

Send them to me. Go to www.dwaynesamples.com and you can communicate to me by e-mail, facebook, twitter, linked in and even telephone!

I will compile a list and publish it on www.amplifyadvisors.com in the coming weeks.

 

Let's learn from this unprecedented time, so that we do not go through them again.

 

Now that would be Unprecedented, In My Experience.