Avoid Feeling Helpless

Avoid Feeling Helpless: As mentioned in an earlier post I am in Mesa for fire training through the weekend. Thursday morning we had a keynote speech from Burton Clark, who is very distinguished in the fire service industry. In his presentation he circled back several times to his having felt helpless in certain situations as being a catalyst which lead to his taking action which often went on to positively impact many other people.

He does not like feeling helpless. I have blogged in the past about my own quirk of never wanting to feel financially helpless. Based on society's problem with indebtedness, overall financial illiteracy and studies we read about low 401k balances it seems as though many people are on their way to financial helplessness. This is not about being wealthy so much as being self-sufficient, being able to pay your bills, absorb reasonably sized one-off events and not have your life turned inside out due to spending beyond your means.

The focus here on things like saving more, spending less, monetizing a hobby, going to great lengths to avoid portfolio meltdowns are all aimed toward avoiding feeling financially helpless. As Woody Allen once said; there is no situation where having more money made it worse.

Chances are that if you take the time to read stock market blogs you are less likely to end up being financially helpless. If you read this site then perhaps this concept resonates with you.

Last night we went to the Hall of Flame Museum which had some amazing trucks that I'll post in coming days including the one above.

DIGITAL JUICE