{"id":2028,"date":"2015-05-15T13:59:18","date_gmt":"2015-05-15T17:59:18","guid":{"rendered":"http:\/\/www.myfinancialfocus.net\/mainsite\/?p=2028"},"modified":"2025-08-24T06:38:41","modified_gmt":"2025-08-24T10:38:41","slug":"this-economy","status":"publish","type":"post","link":"https:\/\/www.myfinancialfocus.net\/mainsite\/index.php\/this-economy\/","title":{"rendered":"This Economy"},"content":{"rendered":"

Over the last several days, I have heard several reports on both the U.S. and the global economy and it is\/was, as always, a mixed bag of news. \u00a0Most recently’ the United States GDP (Gross Domestic Product) was revised downward for the 1st quarter of this year. Things around the globe are up and down. \u00a0What can you do in this economy? \u00a0The answer is pretty simple yet difficult.<\/p>\n

Manage your own economy!<\/p>\n

None of us, you or I, have any control of the overall economy in this country or of the world’s. \u00a0We can be a victim or we can be prepared – in good times and bad.<\/p>\n

Things, what ever they are, happen all the time. \u00a0Your choices will prepare you. What can you do?<\/p>\n

    \n
  1. Get rid of your debt<\/strong> – debt keeps you hamstrung. \u00a0Free up cash by aggressively paying down and paying off your debt! Position yourself outside of a bind!<\/li>\n
  2. Have an emergency fund<\/strong> – Emergencies happen. \u00a0Save cash and be prepared.<\/li>\n
  3. Be diverse in your investments<\/strong> – Whether you are currently investing or have some investments maybe from a previous job, make sure you are adequately diversified. \u00a0Spread out any potential risk.<\/li>\n
  4. Have a plan of action when things happen<\/strong> – What will you do “if?” \u00a0Define what if is and have an action plan. \u00a0Make sure you and your spouse or your accountability partner are on the same page so that you can move quickly “if”.<\/li>\n<\/ol>\n

    People and families who are successful are prepared! \u00a0Where do you stand in managing your economy?<\/p>\n

    What advise can you give others to be prepared and manage their personal economy? \u00a0Leave your comments below.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Over the last several days, I have heard several reports on both the U.S. and the global economy and it is\/was, as always, a mixed bag of news. \u00a0Most recently’ the United States GDP (Gross Domestic Product) was revised downward for the 1st quarter of this year. Things around the globe are up and down. […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,14],"tags":[],"class_list":["post-2028","post","type-post","status-publish","format-standard","hentry","category-coaching","category-encouragement","category-planning"],"yoast_head":"\nThis Economy - Financial Focus<\/title>\n<meta name=\"description\" content=\"Your personal finances, your economy, is all you have the ability to manage! 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