Now
the fun part. You have set up your 401k and are investing up
to
your employer match (or more) and you still have money left over for
your Roth IRA or Traditional IRA and you might even have enough money
left to open a taxable brokerage account. The best investment
out
there is (IMHO) stock-based index funds.
Recession
Tim O'Reilly tweeted about this great article called the
Smart Growth Manifesto
by Umair Haque...it's about what I have been talking about concerning
the economy...i.e. the answer is not about tax breaks and bailouts and
recovery...it's about re-inventing and re-booting the way we think
about money and growth.
I thought of some things to feel good about during this time...sort of the "silver lining" if you will:
1)
If you like the environmental movement...there were fewer cars
built in the world then cars disposed of in the world during
2008...this doesn't bode well for the auto industry...but we might live
in a healthier planet if this trend continues...we probably could do
with fewer cars anyway.
2) The lack of business world wide has decreased carbon emissions...
this seems to be pointing to an interesting idea.
Perhaps the next economy will look a little different:
1) Less travel to work...and if we do travel it is via a cleaner transportation system
2) Buildings that are designed like trees...that sustain themselves and don't require a "grid" or a much greener grid.
3) Cities like a forest...each building a sustainable part of the whole...
4) People eat food that was grown from their own area...fresher food, and not so much transportation expense.
I
know these are pie in the sky sounding ideas...but I would rather come
up with new ideas than work on going to back to the old
way of doing things...that doesn't work, that's why we are here in this
wrecked economy...
The Law of Abundance during a Recession
It is some blog therapy for me to get over my stuff and just
write more...and to tune into the law of abundance even during a
recession (or an expansion for that matter!)
The law of Abundance and Consumerism
What do we need to ponder during a recession...did you really need that new gizmo?