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During bad times, people want to shrink into their tight boxes of conformist thinking. It’s natural to look for easy and quick answers to solve these problems.

It’s like pulling your hand from a hot stove, but it’s a good idea to learn the lesson and find out how to operate the stove better, too. Otherwise you’re going to have a lot of trips to the hospital for those burned hands.

During bad times, you need to be bold. Being bold doesn’t mean it will be painless; it means honestly assessing the situation, learning the important lessons, and finding the solutions that will change the situation.

Bold solutions might not be quick, either. But, in the long-term, you’ll be successful. Solutions that momentarily alleviate the problem are not solutions. In some cases, they cause more problems over time.

Real, bold solutions do exist to our current economic straits.

Michael Covel offers one. He put together this bold plan for the county’s economic woes. It isn’t full of happy thoughts, but it does address the issues directly.

Here are some of Covel’s points:

• Citizens of America the game has changed permanently. You can no longer depend on the 1950s way of life — security is dead.
• Social Security is a Ponzi scheme that will provide you nothing.
• The government jobs we are creating now are busy work jobs that offer you NO long term future.
• Use the internet to make money now before someone else does and leaves you behind.
• If you are waiting for the government to fix your finances you will end up as the poorest of all Americans.
• Stop whining about the Chinese or whomever. Get over it.

How about you? You need to be just as bold in your own personal finances as Covel is tackling the nation’s economic issues.

What bold plan can you form to improve how you make, save, invest, and spend your money?

Related posts:

1. The Gold Standard Or The Bold Standard
2. Weekly Wisdom: Best Personal Finance and Personal Growth Posts Of 2009
3. Are the Country’s Economic Problems too Big?
4. Unlearning Economic Sense–or Nonsense
5. Learning The Wrong Lesson From A Bad Economy

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