My wife and I have got quite a lot going on right now. We both work a lot. I'm doing the P90X and Wealth Without a Job reviews. College has started back up for her. We are trying to give Trey attention so he isn't lost in all of the busyness. Sometimes it really feels like a lot.
We have talked about backing off a bit but we are so close to being debt free except for the house that we just can't slow down at this point. Plus a lot of the work that we are doing is being done to create a life after we move. We don't want to slow down on that either.
I don't want to sound like a doomsayer because I have high hopes in the human race to adapt but it does seem like there could be some rough times ahead. I want to be in the best possible position possible if events occur that radically change life.
Two things concern me for the short term:
1. Perhaps the most bearish fund manager is Ken Murray of Blue Planet. His funds have been some of the best performers over the past years, but now he says we are facing "the worst banking crisis in decades" and that the stock market will fall by another 20%. "The credit cycle has turned, bad debts are soaring, banks will go bust and stock markets will fall much further. People need to be told the truth as opposed to being spoon-fed palliative words," he warns. Full Article
2. "If concerns about the U.S. housing markets turn out to be short-lived, then the dips in crude oil futures markets could represent buying opportunities. But it's too early to see how serious the credit squeeze problems really are." Full Article
I'm not going to go into what I think about the second quote. You should already know. I just want to talk about the two quotes together. Oil (and subsequently gas) prices are down because the United States is headed for a recession. If a recession does hit, it's going to make the whole credit crunch that much worse. If all the manipulation works and the country (and the rest of the world) is kept out of recession, gas prices are going to soar. The second article points out that for people who own oil stock, this is going to be great. Obviously for people that buy gas, this will be bad.
From these two articles, it looks like our choice in the near future is recession or high gas prices. I don't own stock in oil so neither of these things looks good to me.
My question then is, beside the sheer "have to" factor of what's looming ahead, what do you do to keep yourself motivated when it seems that you are working most of your waking hours?
5 Sword Points to everyone that tells me their tips and tricks for Inspiration and Motivation.
Bonus: 5 Sword Points to everyone that adds further analysis (whether you agree or disagree) to the situation the US now finds itself in.