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Executing a Financial Plan is like…. (Friday thoughts)

Friday Thoughts

That was a week that was, with huge economic ramifications from things that have been brewing for a while:

  • There has been a recent crisis in the United States related to prime loans, and it may still take some time until its full effects become apparent. This crisis has caused a credit crunch, leading central banks all over the world to inject large amounts of cash into the financial system. The implications of these actions are uncertain, but we should see the results of these efforts in the coming weeks.
  • The “China Syndrome” is becoming more apparent as companies that outsourced their manufacturing are realizing they should have had tighter quality controls. What comes next in this episode?
  • The Stock Market had it’s worst start to a day yesterday since they reopened after 9/11 . Remember to stick to your plan, and don’t get too emotional about it, and if it really bothers you, just don’t look!

Executing a Financial Plan is Like

Moving a bridge, very slow and sometimes you never think you are making any progress, but you are. Don’t believe me?This is the Island Park bridge move from August 11th here in Ottawa. Ottawa folk are strange, because we go to these kinds of things and treat them like rock concerts! I am not kidding there were hundreds of people watching this.

Slow and steady growth, just like slow and controlled bridge moving.

Time lapse of this entire Island Park Bridge Move project can be seen here as well.

Have a good weekend, relax, don’t worry about finances, have fun, and on Monday things will be different (not necessarily better or worse, just different).

This Week’s Postings

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