For Better Or Worse, On Personal Responsibility
Tuesday, November 4th, 2008An interesting human phenomenon, which I have recently been reminded of, shows us that when economic times are good, people are quick to take the credit for their financial well-being; but when the tables turn and it’s harder to make a dollar, the flood of excuses starts and people will find myriad “reasons” why their money troubles or lack of financial fluidity are not their fault.
What Do We Know About Personal Financial Responsibility?
So what do we know about this? Are we responsible only for the good that comes our way in terms of money and finance? Is continued, sustainable financial prosperity beyond us because outside world factors are uncontrollable? What would that mean if that were true?
I suppose that would mean that it wasn’t possible to be wealthy all of the time—that it were only possible to be wealthy during strong economic times. So that must mean that in many parts of the world where the economies are in or near recession, the U.S. for instance, there are no wealthy people right now? To be sure there are probably fewer than in years past when times were good, but rest assured there are still plenty of wealthy people in the US and the world now, too. I guess that means, then, that we are responsible for our financial destinies in both good times and in bad. I guess that means we need to learn how to prepare and plan and make the most out of the opportunities slow economies present (because indeed they do!)
More Food For Positive Thought
One last point to make here—if you only maintain your positivity and responsibility during good economic times, then when things get tougher your mindset and attitude turn to what—blame and helplessness. Hardly something that will attract positive thinking. And once you are on that road, there is only one place it leads.
Wile it might be nice to have someone else to blame for what we don’t have, we have to be honest with ourselves and know that isn’t true. There’s only one person responsible for your financial prosperity and you know that is you—for better or for worse, in good times and in bad.
Sean Rasmussen
Wealth Creation Blog
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