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Advice For These Bad Economic Times

Everyone is talking about the economic crisis. We are so concerned about ourselves, it seems that we hardly stop to think about everything else that is going on in the world around us. But what is the worst that can happen really? Furthermore, what can you do to turn the economy around? The answer is nothing. But we do have some control over our own circumstances and some would even argue that we have can have complete control over our circumstances if we learn to control our thoughts.

Does mindset matter…?

Of course it does and that will be the focus of this article.

I am not going to make the argument that the economy is not the worse than it has been in a very long time. That is an undeniable fact. I also cannot argue with the fact that thousands of people are losing their jobs day after day and struggling to find work. But I do know one thing. Being conservative now is not going to work in your favor in the long run. Seriously, so many are living in fear of the worst rather than looking for opportunities to flourish.

Why are we going to wait until now to start saving money and looking for ways to reduce our expenses/lower our overhead costs? Do you think that this is really the best time to start thinking about these kinds of things? A person who is really prepared and concerned with their financial future did not wait until 2009 to start planning for a rainy day. He or she has been saving all along and knows exactly what they would do in the event that they lost their income or had some other circumstance arise that may cause an interruption in their normal income. In other words they have a plan that was set in motion some time ago and they are as prepared as they can be. Obviously the majority of people do not fall into that category. Would you agree?

Here’s the thing people. We are in the middle of an economic crisis and we have any number of ways that we can respond, but lets keep it real simple.

We could:

1) Do nothing and pretend like everything is great.

2) Panic and stress ourselves out worrying about the worst-case scenario until we become one of those negative statistics that the news talks about every minute of every day or

3) Take a lesson from history, change our mindset and start looking for opportunities to thrive while the masses are crippled with fear.

What will you choose to do?

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