• LAUNCH YOUR DREAM
  • BE A MOTIVATIONAL SPEAKER
  • STARTING OVER MIDLIFE
  • HAPPINESS THROUGH ACTIVISM
  • TRAVEL THE WORLD
  • GET HEALTHY & FIT
  • BUILD SELF-CONFIDENCE
  • BRAVE LIVING
  • WRITE WITH US

8WomenDream

Dream Big Stories

  • HOME
  • ABOUT
  • CONNECT
You Are Here Home » WRITE WITH US » An Idea About Having a Self-Healing Economy

in WRITE WITH US

An Idea About Having a Self-Healing Economy

Last updated on February 7th, 2013 at 05:04 pm

Self-Healing Economy

I just realized I am halfway through my year of pursuing my dream of mastering my personal finances. I’ve pretty much got the day to day stuff whupped, which for me is amazing.

I notice that all the energy I used to spend sweating the pennies is now going into thinking big, off-the-wall thoughts about the world of finance. I am no doubt insufficiently educated to throw these big strange thoughts out there, but it looks like I’m not going let that stand in my way.

One such thought is about spending. I know, I just got done learning how to spend less, and now I’m going to talk about figuring out how to spend more. Ironic, isn’t it? But I can’t figure out how the economy is going to heal if we don’t spend. That’s all.

The other day I heard a University of California economics professor say that in the modern economy, we have it all backwards. Our actual behavior is: we spend with abandon when times are good, and we pinch every penny when times are bad.

What we SHOULD be doing is pinching our pennies when times are good, and when times turn bad, spending those pinched pennies with abandon.

In other words: People, we are the economy.

Our habits, our choices, our profligate spending and penny pinching ways, and all the enabling and disabling forces around us –  collectively,  we create the economy.

If we would save our money when we we are confident about having money, and spend our savings when the economy slows down and prices decline, then we would create a self-healing economy.

And we’d get much better deals! Unfortunately, at the moment, we are caught in the doldrums where what we really need is the healthy savings account we didn’t contribute to five or ten years ago.

Ideally we’d jump into the Way Back Machine, turn the calendar back ten years, and instead of scarfing up easy credit to buy mini-mansions, flat screen TVs, and SubZero refrigerators, we’d build a culture around saving. Instead of glorifying bling, we’d become a cult of savers.

Then, about six years later when the economy started heading down hill on its usual cycle, we’d start salting our saved pennies back into the worldwide river of cash. And just like that, we’d right the listing ship of the economy.

Sad to say, the Way Back Machine was only a figment of  The Rocky and Bullwinkle Show. (I know. That’s before your time. But I gave you a convenient Wikipedia link so you could look it up.)

Since we don’t have a national savings rate that would have given us the cash to spend to get out of this big deep hole, we’ve got to find some other ways to spend, or we’re going to stay stuck here.

I have a really weird idea on one way to do that, but it involves retirement funds and I’m scared of the financial advisers forming a lynch mob and coming after me. I’m going to work on my courage and do my homework and maybe I’ll get up the nerve to suggest it next time.

For now, how about you, World of Dreamers? How could we come up with some cash to spend so we can get this boat afloat? And what could we do NOW that would get us in the mood to save like fiends when the economy improves?

Leave a comment below and share your ideas. See you next week!

Jayne

Related Stories:

  • Are You Having a Happy Hanukkah?
    Are You Having a Happy Hanukkah?
  • The Oz Principle
    6 Benefits of Having A Dream Success Accountability Partner
  • Having Great Mentors is a Critical Part of Living the American Dream
    Having Great Mentors is a Critical Part of Living…
  • 5 Things I Learned by Having the Desire to Dream BIG
    5 Things I Learned by Having the Desire to Dream BIG
Contributor Dream Stories

Enjoy this special 8WomenDream Guest Contributor story submitted by new and experienced big dreamers throughout the world, edited and published to capture a dream perspective from different points of view. Do you have a personal dream story to share with 8WomenDream readers? Click here to learn how to submit dream big articles for consideration.

Note: Articles by Guest Post Contributors may contain affiliate links and may be compensated if you make a purchase after clicking on an affiliate link.

Filed Under: WRITE WITH US

Some of the posts on 8WD contain affiliate links or links to purchase products or programs from 8WD contributors. This means 8WD or the contributor may make a small commission if you make a purchase. The 8WD affiliate links help offset the cost of hosting this website and the contributor links help support the dreams of the contributor. Please check out the 8WD Legal Page for more details.

Thank you for your continued support!

« Do Market Research To Avoid A Product Launch Disaster
Why AGT and Idol Judges Are Important To Dreams »

Check it out

  • LAUNCH YOUR DREAM
  • BE A MOTIVATIONAL SPEAKER
  • STARTING OVER MIDLIFE
  • HAPPINESS THROUGH ACTIVISM
  • TRAVEL THE WORLD
  • GET HEALTHY & FIT
  • BUILD SELF-CONFIDENCE
  • BRAVE LIVING
  • WRITE WITH US


The 8WomenDream Dream Tote Bag

About the 8WomenDream Tote Bag
US – 10oz Cotton
Dimensions (External Dimensions)
• Height – 18″ (45.72cm or 457.2mm)
• Width – 15″ (38.1cm or 381mm)
Handle Dimensions (Internal Dimensions)
• Length – 29″ (73.7cm or 736.6mm)

Recent Dream Stories

  • 8 Solstice Traditions for Focusing on Your Big Dream this Year
  • Winter Solstice: What Will You Do With 1 Minute More?
  • Why Halloween Costumes Can Help Discover Your Big Dream
  • How the Equinox Can be a Catalyst for Change
  • 5 Strategies to Live Your Wildest Dreams
  • Starting Over as a Single Mom Wasn’t My Big Dream
  • Warning: Big Dream to Be a Motivational Speaker Won’t Always Obey Your Plans
  • Dance to Relieve Stress to Focus on Your Big Dream

Inspiration

More About 8WD

WE BELIEVE EVERYONE HAS THE POWER TO ACHIEVE BIG DREAMS.
 
IT IS OUR SINCEREST WISH THROUGH THE SHARING OF PERSONAL STORIES ABOUT WHAT IT’S LIKE TO TRY TO ACHIEVE A BIG DREAM THAT WE WILL INSPIRE YOU GO AFTER A BIG DREAM TOO.
 
YOU CAN FIND OUT MORE ABOUT 8WOMENDREAM, HERE.

8 WOMEN DREAM | COPYRIGHT All RIGHTS RESERVED © 2025 · LEGAL

Welcome to 8WomenDream Where Big Dreams Are Shared
The 8WomenDream website uses cookies to improve your experience. We'll assume you're OK with this, but you can opt-out if you wish. ACCEPT REJECT READ MORE
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT