I watched the Today Show at the gym as I worked out yesterday morning, and the reporter discussed how saving money over the years has backfired on many well planned people…many, senior citizens. Today’s volatile financial markets have robbed these folks of the security they dreamed of experiencing in their retirement years. The newscaster talked with a financial analyst who shared the fear and anxiety many of her clients are experiencing because of plummeting returns on even the safest investments. Her answer to alleviating their fears? “Stop focusing on what you can’t control,” the markets, and start focusing on what you can control, your spending and cashflow management. How many of us go through our professional work day in a state of anxiety, paralyzed by worrying about things we cannot control?
This newscast closed with the Today Show anchor making the following comment on how to deal with the problems of today’s financial markets: “Live one day at a time.” Sounds like a good idea. Afterall, it’s the pillar of one profoundly successful organization called Alcoholics Anonymous. But how can you live one day at a time as a successful business leader?