Focus on Your Personal Economy, Not the Global Economy

Good morning 9-5 Rebels!

Grab your coffee and enjoy.

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Whether you believe we’re living in a bad economy or a good economy, it doesn’t matter. This is the economy.

There will always be swings in unemployment rates, inflation, commodity prices, and job markets – just as there always have been.

Instead of dwelling on things out of your control, figure out how you can improve your personal economy – your career, your finances, your relationships, and your life.

Focus on your personal economy – you can control it.

While your personal economy is good – great job, great salary, and lots of opportunities – build your financial foundation. Take this opportunity to prepare for future crises by being forward-thinking.

Create a value-based budget (those values that you care most about in life), contribute to an emergency fund, pay down your credit cards, and invest in your future.

Look ahead by building your financial foundation.

A value-based budget will provide you money awareness and a healthy relationship with your expenses. A good money relationship and focusing on cash flow, protects you from a salary decrease, while leaving you fulfilled for reaching your goals.

An emergency fund will allow you to whether unexpected costs (roof repair, car breakdown, or job search), without taking on overwhelming debt. Helping to eliminate financial stress in times of crises.

Paying down your credit card bills creates a lifestyle with lower monthly payments. This allows you to funnel that money into your goals. An added bonus, it lowers your monthly payments, giving you flexibility in the case of an unexpected layoff.

Investing in your future creates a life where you may have day-to-day stresses, but you’ll know that your future will be taken care of. We all tend to operate with a “now” mentality, but no one else cares about your future like you do…so take ownership.

A solid financial foundation will support you through any bad times you’ll encounter. You’ll be better prepared for fluctuations in your income (from less hours to a sudden illness) and you’ll quickly recover from recessions.

Don’t get lazy when the times are good.

Celebrate when the times are good, but don’t get lazy.

Take the opportunity to prepare for the future – toward tomorrow and the unknowns. Figure out how you can better insulate your job, your finances, and your relationships.

Let the media and Facebook over-sharers dwell on the global economy, while you focus on what’s within your control…

Your personal economy.

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I hope you all have an amazing week!

Quinn