Monday, February 23, 2009

How to Have Your Best Recession EVER Tip #9

Recognize The Recession In Your Mind

Let's face it, most of the people able to read these words are not at dire risk of sleeping in a cardboard box tomorrow. But don't we all fear that is going to happen next week or next month if this Recession keeps up?

In this respect the Recession is not about money, as much as it is about the fear of losing control. Money has come to represent the illusion of having choices, power, options, security, and comfort. The good news is that you have the option to access any of these anytime you want, regardless of how much is in your bank account.

This is because wealth is primarily a mind state. You can be the richest person in the world, but live in emotional poverty. You may have yachts, vacations, homes in the Hamptons, but no one to love you while you sleep at night. Conversely, you may not have an extra dollar to spend this weekend, but can still achieve a plethora of peace and joy simply by changing your "shoulds" about what's happening, calling a friend, volunteering your time, or following any of the Best Recession EVER tips mentioned so far. Donald Trump would probably disagree with me on this, but I wouldn't want to trade places with him, would you?

It's true most of us are having to scale back and make different spending choices than we would have otherwise. But the suffering and agony from making choices is optional. So many people have lost more than 30% of their retirement, but still wake up grateful every day. I also know people who complain and constantly worry even during the best of economic times.

So what choice are you going to make? I guarantee that if you recognize the portion of this Recession that is completely psychological, and if you're willing to change your mind, then you will have your Best Recession EVER.

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