A lot of people are asking themselves this question. They had so much money when the boom was here. It was no problem to whip out the credit card and charge. They were sure that they could pay for it later. Enjoy now and pay later seems to have been the mantra that was working so well. Everybody was doing it and it worked, at least so it seemed. The banks were encouraging this life style. They should know what is best. They are in the business of money; it’s their thing, their specialty.
Then everything came to a screeching halt. Boom went to bust. The banks stopped loaning money and were demanding to get it back. They started to increase the interest rates on the credit cards. Even the smallest oversight resulted in an outrageous increase in the interest rate. How were you supposed to get a grip on this new reality? Everything collapsing! Even the banks that were so eager to loan you money are in trouble.
Many banks have collapsed and did not survive. Others took drastic measures, like stop all loans and were aggressive in retrieving as much of the outstanding loans as they could. Furthermore the banks had to scale down drastically. Tough decisions were made. They got rid of a lot of things. Only the core, in many cases, was kept. Of course they got a lot of help from the government.
Now, what can you do? Take notice that the money IS GONE and adjust to the new reality. It might have looked like there was money out there, but in reality, for most of us, it was only an illusion. Now you need to reorganize. How can you do that? What can you let go off? What is it that always will be there? Now is the time to reevaluate what is important and look the reality straight in the eyes. It is there you will find your core and it is with that core that you are going to be able to live a Life of Abundance.
Love and peace,
ElinAnna