It's Still the Economy Stupid!

Black Friday, 2008 has come and gone. Sales were up 3% over 2007. But retailers still suffered, offering sales that cut into their bottom line. The government officially announced that the U.S. is in a recession. The Big 3 automakers showed up in Washington to plead for money sans the corporate jets. And now, crude oil is at the lowest price in 4 years.

What does this all mean for us commoners? As long as you are still employed and are paying your bills, not a hell of a lot, except to cause depression from listening day after day to the blither that comes out of mainstream media about how bleak the economic horizon is.

On the other hand, times like this are what can motivate us serfs into action. It times like this that create the new wealth in America. We have a unique opportunity to grow our potential now, and it doesn’t matter who is in the White House.

With fuel costs being so low, the cost of transportation will come down and already has for motorists. Contracts to purchase fuel by mass transit and the airlines will delay any immediate decline in pricing, but a decrease is coming. Cost of goods will come down due to decreased fuels costs to produce and get these goods to market. I recently blogged about the cost of crude oil and the correlation between fuel costs and the recent bailout. So it is absolutely pertinent that fuel costs stay low.

Now is the time to take advantage of this economy. Don’t go out and buy a ton of undervalued stock, not unless you have the money to lose. Invest in yourself. Deals abound every where and terms in a lot of instances have never been better. The smallest percentage of motivation in the American public to better themselves will do wonders for this economy. We don’t play with the wealth on paper that Wall Street plays with, ours is the real thing, we see it on payday and in our bank account and paying it out to put food on the table. Now is the time to think smart and plan for your financial future and make it happen.