How To Balance Economic Difficulties With Meditation

Bank Bailout and Credit Card reform can be balanced with meditation

Before I talk about the tremendous benefits of meditating during these economically turbulent times, may I ask permission to rant about our government and big business? Please know that I love the free market system and capitalism and I have benefited from these systems.

In a free market system, if GM was allowed to go out of business and not bailed out by the government, dozens of small innovative car companies that make a diverse selection of energy efficient vehicles would start creating a new industrial revolution and a new prosperity in this country. Of course initially there would be short term financial pain, but the free markets will adjust and thrive. I could never understand what our politicians are thinking by interfering with the free markets and hurting small business, the largest employer. Saving any business is a bad idea for the countries long term prosperity.

In May Congress passed a credit card reform bill that goes into effect in 9 months. The bill will help but I find the 9 month lag time ridiculous. In case you have not noticed the credit card companies are lowering credit limits, raising rates and increasing minimums, beating the deadline when the bill goes into effect.

We have all experienced pain from the banks and credit card companies that were bailed out by the government. I know my Bank of America (BOA) credit card story is familiar to all. BOA accepts a charge from one of my vendors who did not have authorization to make a $12k charge. This put me $10k over my limit. The next 8 months is spent paying down the balance from $28k to $10k and requesting them to lower my rates that were raised because I was over my limit. Each time I paid down to my credit card BOA lowered my spending limit. This eight month process culminated in a request to make a charge that would have put me over my current limit of $17,500 by $200. Not only was I refused but after review BOA lowered my limit again to $11,600 making it impossible to make a charge that would keep one of my businesses in business. I was fortunate enough to have the creativity to make other arrangements to pay this bill.

Why do I share this with you? What does meditation have to do with corrupt big business? The bottom line is that there is a good chance that systems will stay corrupt and unfair.

This will not matter if you learn how to meditate. Meditation has many forms, but the common denominator is to deeply relax your body and breathe deep and slow. When I went into this deep state of relaxation after what I call being treated unfairly, it became clear to me that my breakdown was actually a gift.

My first insight during my meditation was that business goes the way it goes and health is more important than money and as long as you can relax your body and experience joy, then you are blessed. The second insight was to channel this energy into being creative and creating more business and prosperity, so credit is not needed. Some of those business ideas included SEO, cross marketing, a review and sharpening up of my income and expenses and training my staff for increased effectiveness. The end result has been very beneficial and has lowered my debt and increased my prosperity significantly.

Business is a game we chose to play and the result whether you win or lose does not determine who you are. The credit card companies are giving us a gift now by forcing us to be more creative in generating money, recovering from over spending and paying down their balances. The bottom line is that you will have a better chance to enjoy financial abundance when you are not paying 20% interest on money owed.

In its your right to be fit sexed and happy, meditation is one of the 12 wonders. Enjoy the other 11 wonders and the supplement, 7 tips for financial success. Make it a great week. Ettore

A free market is a purely theoretical term that economists use to describe a market which is free from government intervention. Free markets contrast sharply with controlled markets or regulated markets, in which governments directly or indirectly regulate prices or supplies, which according to free market theory causes markets to be less efficient.

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