Positive Events from the 2008 Economic Crisis

1.) The conversations have shifted from foreign policy and national security (John McCain's strengths) to the economy. We're seeing voters go to Obama in droves.

2.) Executive Compensation will be re-evaluated. Many executives had huge incentives to take on extraordinary risks, knowing that the government would bail them out if need be.

3.) Companies are cheap. There's numerous bargains -- though I don't think we're anywhere near the bottom.

5.) Most families/companies have learned that it's necessary to keep enough cash on hand for at least 16 months of expenses. Save. Save. Save.

6.) No matter how reputable a company is, one should always question their solvency. Who would've thought that Lehman, AIG, or Merill Lynch would end up this way?

7.) If you're an entrepreneur, take this opportunity to carefully re-evaluate your business model. Go lean. Cut excessive spending.