Household debt levels are at all time highs.
Debt is future consumption brought forward. Or, sacrificing your future earnings in order to spend them now.
The sad thing is that governments are guilty of this also.
If you live in a country with a balance of payments deficit - that's every western country - then your government has sacrificed future earnings to have things now.
The really sad thing about balance of payments deficits, is that it's the next generations problem to deal with the payback, while the current generation enjoys the benefits now.
Don't worry though, I'm sure the next generation will get their own back, by reducing retirement benefits. Karma in action.
Anyhoo, on this down note, what's all this economics got to do with yoga?
Well, to progress in yoga takes three things:
Discipline, Patience and Focus
Discipline to stick with the practice, focus while practicing, and patience while the body slowly opens.
These are three great personal qualities that you can use all the time in everyday life.
And you should use them...
...in your interactions with people. (Patiently) Let them finish what they have to say. Focus on them while they are speaking to you. Pay attention to what they are saying.
...in your personal finances. Save (using discipline) and reduce your debt. The world is in for a rocky patch as the global economy slows and companies and wealth funds start to default (after their debt binge). Don't get caught in the carnage.
Keep your head above water, J.
...in your interactions with people. (Patiently) Let them finish what they have to say. Focus on them while they are speaking to you. Pay attention to what they are saying.
...in your personal finances. Save (using discipline) and reduce your debt. The world is in for a rocky patch as the global economy slows and companies and wealth funds start to default (after their debt binge). Don't get caught in the carnage.
Keep your head above water, J.
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