Image Source Thrive Home Builders
Around my house, with an extended Spring Break behind us, we’re now settling into a whole new kind of routine. We hope this week’s links are helpful as you navigate your new normal. Stay well!
What Zero Interest Means
We’re fans of the way Ray Dalio is able to break down the economic system in a way that makes it easier to understand. The Implications of Hitting the Hard 0% Interest Rate Floor isn’t quite as simple as his fantastic video series on understanding the economic system. But if you’ve gotten past stocking up on toilet paper and figuring out how you’re going to work out or work from home, you might be ready to take on his analysis of what’s happening behind the scenes of the U.S. economy and around the world, too. Understanding what makes our economy tick is the first step in being financially successful.
The Current Crisis and Personal Finances
If you’re more worried about your personal economics at the moment, go check out How We’re Managing Our Money During the Coronavirus Pandemic for some common-sense tips. Hint: don’t panic.
Nothing good comes from panicked investing/un-investing...For me, the key to weathering a storm like this is to stick with the plan I created when the markets were good.Mrs. Frugalwoods
So, Now What Do We Do?
If you’re finding yourself with a little extra time on your hands in the middle of all this, it might be a great time to pursue some creativity. Writing down your thoughts can be a great place to start and is healthy on a lot of levels. Journey explores the benefits of an online journal platform, but there’s nothing wrong with a good old-fashioned paper notebook, either!
Finding Some Peace
If you’re struggling with anxiety, prayer and meditation might just help you find some peace. Healthline‘s list of meditation apps offers a whole range of possibilities. For more traditional spirituality, here’s are some lists of Jewish, Muslim and Christian prayer apps (plus a special list for Lent, but you’ll have to hurry to take advantage of those!).
A Brighter Future
It’s an older article, but A Look at Solar Powered Communities in the U.S. from Solar Power Authority has some great information about the future of residential solar energy in this country. If the current crisis has you thinking about resilience, you might just get inspired! We want everyone to know that net-zero is affordable, so this quote about California’s first solar community really stood out:
One-hundred percent occupied, after two years Solara’s rooftop and carport solar panel arrays supplied 87% of the complex’s electric power and reduced its overall carbon footprint by 95%, and tenants’ utility bills by nearly 70% compared to an affordable housing development nearby. All this was built for just over $1500 extra per unit.
Here’s a graphic from another article that shows just how much potential there is for solar energy in the U.S.
Be safe! See you next week.