Lately, there’s been a lot of talk about the U.S. economy and the impending “fiscal cliff”. Financially, American debt levels have been increasing so rapidly that many believe the economy will return to the recessionary levels of the 2008 meltdown or maybe even worse. As a Canadian, I’m aware of the fact that our economy will also be affected because the two are very much connected.
Despite the complexities of this issue, I saw a humorous (if not helpful) explanation of the fiscal cliff problem on Facebook today. The post started with the national data and then made the math understandable by simply eliminating 8 zeros from the end of each number and treating it as if we were talking about a typical household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on credit card: $142,710
Total budget cuts so far: $38.50
Get the point? Obviously, a household that manages their finances like the scenario above will not survive!
“Until you erase plan B from your thinking, plan A will not be effective.” Wayne Macnamara – Business Leader
I feel so blessed to be part of the LIFE Community where I am continually learning how to improve my own life in the areas of Finances, Faith, Fitness, Family, Friends, Fun, Freedom, and Following. Thanks to the incredible vision of leaders like Claude Hamilton, Orrin Woodward, and the other LIFE Founders, anyone can plug into a world class education system that is helping thousands and thousands of people improve their lives in all of these areas and live the life they’ve always wanted.
As we head into the New Year, our thoughts turn to everything that 2013 holds for each of us. Many are busy writing down goals, making resolutions or making plans for the New Year. Which of the 8Fs are you most excited to see improvement in during the coming year? In finances, a budget is the goal that we set to create fiscal success. Have you made a budget for your personal Finances? What about an exercise schedule to achieve your Fitness goals? I highly recommend talking to your mentor about creating a Personal Development plan to raise your level of leadership, which is the Following category of the 8Fs. And how many of your top 100 goals will be Fun?
“People are anxious to improve their circumstances,but are unwilling to improve themselves.”
Claude Hamilton – LIFE Co-Founder
Rather than dreading the New Year like so many who fear the fiscal cliff, I encourage you to look forward to 2013 with enthusiasm. To set a solid foundation for success, define your goals and, with a mentor, develop a game plan to accomplish each goal. I am so excited for what 2013 will bring to the LIFE Community as we continue to help people achieve success in all areas. Please take a moment to leave a comment about a goal that you are most excited about achieving in 2013!
God Bless and Happy New Year!