Don’t be fooled by positive statistics and sayings such as, “there’s nowhere to go but up” just because the market has been so bad. It’s true that once the bottom is hit there’s nowhere else to go but up, but we need to remember how we got there to ensure we don’t land there again. It’s up to us to keep in mind that at the core of many of the market’s tragedies was us as individuals not managing our money responsibly and not living within our true means and, as a result, we must ensure that the same mistakes are not repeated. (more…)