FORGET ABOUT THE ECONOMY; LIVE A ROCKIN’ LIFE

By in Economics, Mind and Money, Saving, Tips, Wealth | 16 comments

You Can Live Wealthy in Any Economy

Whenever I get plagued with an attack of ‘I don’t have enough’ or ‘Life’s not treating me well’, I fall back on a few simple wealth building tools. We talk a lot about building wealth and how to live wealthy here, but it’s important to remember that life’s a marathon, not a sprint. Further, you can live wealthy regardless of the size of your bank account.

Live wealthy in any economy

How to Live Wealthy in Any Economy

1. The News is for Entertainment and Sensationalism

Don’t even think about the news, or the dour talking heads on your TV. You are the master of your own destiny. Life and success transcend money. Whatever your current circumstances, you have ultimate control over your greatest resources; your time and your mind.

The same goes for getting wrapped up in social media. The worst thing you can do is spend too much time comparing yourself to others and how they are doing. Set a time limit for social media-and stick to it.

“It does not matter how slowly you go, as long as you do not stop.” Confucius

2. Spend a few minutes with that gratitude journal and write down the gifts you already have in your life.

Don’t sigh, I know this is quite “Oprahish”. This strategy is a sure fire mood booster. You are already living better right now than royalty of the 1800’s. The luxuries of microwave ovens, computers, cell phones, indoor plumbing, electricity, video on demand, and more make our lives spectacular.

3. If you have friends, you already live wealthy.

For wonderful fun in a down economy, gather a group together for a cheap and fun filled gathering. We love potlucks with games both indoors and on the field. Try some touch football, soccer, charades, Taboo, or Wii tournaments. In winter, sledding or building a snow man or woman are free! Low cost, high energy fun. Plus, record the event and make a memory that will last.

4. When cash is low… travel.

Take a bus or train to a neighboring town and visit the free parks and museums. Pack a picnic lunch and feel like you are a million miles away. Last week end we traveled to a nearby city and wandered through the streets and city parks. It felt like we were in another world and we came home refreshed and invigorated, all for the cost of a train ticket. More proof that you can live wealthy on small change.

5. Finally, prepare yourself a gourmet cup of tea or coffee at home.

Sit by the fire or the heater, curl up with a good book and indulge in a break. Allow yourself to recharge and reinvigorate yourself by carving out some personal time.

What Goes Around Comes Around

Economic conditions are cyclical. Great economies are followed by downtrends, and ultimately things get better. This article was originally written during a recession, and now it’s being updated during a sunny economy. Proof that no scenario is stagnant. Within a span of five years, the country went from high unemployment and falling home prices in 2010 to a rebounding housing market and normal employment levels in 2015. Life and the economy are always changing. We’ve found it a challenge to enjoy ourselves during a down economy. And these simple strategies work just as well on a down day, in a good economy. 

Barb Across the Web

A version of this article was previously published and submitted to: KissMyAssets Contest by Bankrate.com

How do you cope in a down economy?

    16 Comments

  1. Good points Barb,
    Friends, family and health are all you need to enjoy yourself in this economy. There are simply hundreds of costless ways to make it happen!
    Finally, just like you said, in the end we will recover and life goes on.

    BeatingTheIndex

    April 10, 2012

  2. Really like the idea of just taking a train ride to a near(ish) town. I try to ignore the news whenever possible.

  3. I have been rich and poor, but my best times have nothing to do with money. It might be a birthday dinner at home telling stories and laughing. It trumps just about everything else in life. Doing things with family and friends makes up the majority of my life. No regrets!

    krantcents

    April 10, 2012

  4. @Beating-Agreed, so much of smart financial living is just adjusting ones focus.
    @John-I love getting out of my environment. It changes the perspective.
    @Krantcents-It keeps coming down to family and friends doesn’t it?

    Barb

    April 10, 2012

  5. You’re absolutely right on these suggestions. Spending your time with people you love and enjoying the small things will transcend any economic news or pessimism.

    MyMoneyDesign

    April 10, 2012

  6. Money has little to do with the quality or enjoyment of life. Health, friends, family, safety and the enjoyment of our beautiful earth are riches beyond the largest imaginable treasure.

  7. So true about living better than royalty two hundred years ago. In fact, merely having running water: hot and cold. Plus, central heating and air condition would be enough to tilt luxry in our favor. It’s good to live in the now.

    Shaun @ The Family Consumer

    April 10, 2012

  8. Barb, I agree. Periodically, after spending weeks pouring over the finances and the “plan”. I will take a few weeks off, let the plan go on autopilot and let life get in the way. I’ll then come back and ae sure everything is on track. Keeps me engaged.

    BusyExecutiveMoneyBlog

    April 11, 2012

  9. @My money and @Marie, Switch to focus on friends and family, and life is sweeter.
    @Shawn-It’s kind of weird to compare ourselves to those elite of the past and realize that we have things so much better.
    @Busy-It’s so easy to get consumed with the minutia of daily life. I know I certainly do 🙂

    Barb

    April 11, 2012

  10. Economic trends are indeed cyclical, but they don’t have to determine your happiness. Faith, family, and friends are more important than money. Thanks for the reminder.

    Brent Pittman

    April 11, 2012

  11. What a great attitude! It’s so true that regardless of what the economy is doing, we can still have fun.

    Just the fact that we live in one of the wealthiest nations in the world is truly a blessing!

    John

    April 11, 2012

  12. Great post Barb. You have set everyone’s priorities straight. You don’t need more in life than friends and family. They are what make life worth it. The experiences and moments you share are priceless.

  13. Some of the best things in life aren’t free, but they can’t be bought with money. 🙂

    Invest It Wisely

    April 12, 2012

  14. @Brent-It so easy to forget what’s important.
    @John-I try to keep my priorities straight, but it’s not always easy.
    @Miss T-I try to focus on travel and fun experiences more than things. Anyhow, my closets are already too full 🙂
    @Invest-I like how you put this:)

    Barb

    April 12, 2012

  15. Excellent points!! These points are not only valid for living a better life in a down economy but these are great ways to release stress. I agree with the three points out of 4, but I really cannot enjoy traveling if I am facing financial problems. I personally believe that you can only enjoy traveling when your pocket is full!!!

    Ashburn mls

    April 18, 2012

  16. @Ashburn, 3 out of 4 isn’t too bad. I hope your financial situation picks up soon.

    Barb

    April 18, 2012

Trackbacks/Pingbacks

  1. 5 Cheap Nights Out With Your Family | Barbara Friedberg Personal Finance - […] sports so consider a family night out to a local sports game. Entrance is inexpensive and it can be…
  2. The One Page Financial Plan - […] leads into your personal values. And that’s where the Dr. Phil similarity lies. Richards recommends drilling down, really […]
  3. Mindful Money - […] make a few jealous. If the life of luxurious travel appeals to you but you do not have the…

Post a Reply

Your email address will not be published. Required fields are marked *