Not since Franklin Delano Roosevelt entered the Oval Office for the first time in 1933 has an American President faced such an array of domestic and international troubles. History tells us that Roosevelt struggled mightily to overcome the Depression, but it wasn’t until World War II provided a full-employment opportunity that he was able to turn the nation’s economy around and help defeat two of the most vicious totalitarian threats to humanity in the modern era.
History, if you do not pay attention to it, has a way of repeating itself. With a national debt of $10 trillion, some 70% of the Gross Domestic Product, the incoming Obama administration is faced with enormous economic challenges, not the least of which is to build a new economy that puts people to work and moves us closer to energy independence. His vision driven by his mission and purpose is something we should all pay attention to. In fact we all should adopt our own mission and purpose in all the areas of our lives moving forward.
What should our financial mission and purpose be? If we have a solid career safe from the looming depression, it may call for us to tighten our belts mightily and save at every opportunity. Or, if we are someone who has been knocked down and struggling to get up our mission and purpose may be to put every family member to work 16 hours daily, 7 days a week and numerous jobs if necessary to climb back.