How to stay Upbeat in a Bear Market

Instead of sinking into despair figure out as many things as you can do to counter the worst economic trends. Doing somethings regardless of how small will pick up your spirits. Several small things can make a difference.

Some possibilities:

1- a) Home values are spiraling downward: If you have a choice, choose to rent.

    b) Home values in several regions of the country are dropping much faster than others. There is the distinct possibility that you can sell your home at a lower price than you desire in one region and buy another of equal or better value elsewhere and still come out ahead financially.

2- Gas prices are spiraling upward: Pick up a used Vespa to be used whenever possible. Is public transportation available? How about ride sharing to work? Boat owners can group up and share expenses.

3- Food is becoming too expensive: Start a garden and grow your own. It's good to cut back on meats anyway. Excess garden production can be sold for extra income at farmers markets and at some restaurants.

4- The US dollar is depreciating: Invest in better currencies or those commodities that are most likely to appreciate.

5- People are losing their jobs: Work for yourself offering products or services customers can not do without. Prepare on a part time basis while you still hold your current position.

6- The banking industry looks shaky: Make sure your bank savings are covered by the F.D.I.C.

7-  Consider putting some money into investment products that are inflation protected. There are, for example, some annuities which offer that option. 

8- Consider every possible way to use less heating oil or gas in your home. Wearing  sweaters, sealing air leaks, using electric space heaters to rooms that are actually being used.  

Start small and build. It will pay off and put you in control of your own destiny.