Is there Power in Positive Thinking?

The Dangers of Unmanaged Growth: What Lessons Should You Learn?

 

What Lessons Should You Learn?

 

The Dangers of Unmanaged Growth.

Let's say you get a huge promotion and raise at work. You look at everything you own and think about upgrading your lifestyle. Should you get a bigger house, hire a personal trainer, or replace all your clothes in one Neiman Marcus shopping spree?

• Before you adjust your lifestyle, you should think about how long the raise could last. Maybe you should wait a year or two and see if your higher income persists.
• And even if your company does well, what happens to your job when the rest of the country cuts back on expenses?

Just as with Iceland, in a globalized world, no person, company or even country is a self-contained and independent entity. Therefore, Iceland's troubles showed that thinking ahead, even in the best of times, is an important survival strategy.