The House rejected the rescue plan!

A new plan has arrived and the Senate approved it.

There is a plan in the process and maybe the House will approve it.  Maybe it is a good one, or maybe not.

What can an underearner learn from this?  A plan is easy to make and to reject.  We often make plans and then just as quickly we change them.  What do we want to do and how?  What it comes down to, there is no plan at all.  We keep on doing the same old thing, because it is difficult to make a decision on what to do differently and stick to it.  We don’t want to have to do things differently.  All we want is things to turn out different. 

The reality is that nothing will change until we start to change.  We have to start to make a different choice and follow through with it.  Making the decision is easy compared to what follows.  First we have to come up with a plan. That plan has to spells out how we are going to do things differently.  What is going to be different now with this plan? The same old, same old, doesn’t work any more if we want different results.  The plan has to allow us to face the truth about our finances.  And it also has to allow us to take a different route.  This route has a final destination.

This sounds so easy, how come we haven’t done this.  The answer is; we humans are creatures of habit.  We do not like to do things different or do what we are used to do differently.  We like to do the same old thing and we want to get different results.

Is that maybe the reason that the House rejected the plan?  Was it too much the same old thing or was it too different?

To get different result we must do things differently.

The funny thing is that when we are down and have nowhere to go, then the situation becomes desperate enough for us to change.  There is no choice and therefore we get the new result.  That is what is happening with our economy today.

This is a big, big mess.

Love and peace,

ElinAnna

The financial markets are still in the bad shape. It looks like the government wants to save them and their solution is to use taxpayer money. The experts are saying that they are trying to do the same thing as was done in Sweden 10 years ago, but with one big exception?  Yes, I said exception.  The exception is that the people that made bad decisions do not have to take the consequences.  In Sweden, the people that made the mess were not rewarded.  The risk was on the companies and not the taxpayers.

How can a CEO who ran a company into the ground walk away with a golden parachute?  What is the result if I do not have to take the consequences of my decision that results in my underearning?  First of all, I will not change.  I will keep making the same decisions with the same results, i.e., underearning.  I might complain, but keep on doing the same thing again and again.  It is difficult to change behavior, especially when the result is not getting through.  Even when the result is getting through and it is devastating, it is still difficult change.  I have to want to change and need to change.  Be willing to go through some tough times while doing the change.

Do you think that the Wall Street CEOs will not do this again if they do not have to feel the consequences for their actions?  Do they want to change?  Do they need to change?

It takes courage to change, a lot of courage.

Love and peace,

ElinAnna