Financial advisors have been telling their nervous clients to think long-term during this recession. While many of them are trying to keep investors from pulling out of the stock market, they do have a point. When you're focused on what you've lost or what's happened in the past, it's hard to look ahead.
Sometimes, taking the long-term view is helpful when making decisions -- financial or otherwise. Priorities surface when we measure tasks, concerns and opportunities against the yardstick of what matters most to us in the long run. Business managers talk about the return on investment, or what you can expect to get back from what you put in. In personal life, it's harder to measure because the payoff is full of intangibles like happiness. Even so, taking a long-term view can lend some clarity when making decisions today.
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