Wednesday 22 October 2008

How Depressing!

Every day, the news is full of the Wall Street - Stock Market - crash and how it impacts on us.

I often hear people speaking of how much money they have lost in shares, how tough things are and how tough they are going to get.

If you have money invested, you may find yourself worrying about your future.

Here's my take on it (which is a little different) ...


Problem v's Solution

Every problem has a solution. If you continue to focus on the problem, will it get better or worse?

Worse. What you focus on expands. The more you focus on how tough things are, the worse they become.

Worrying about it is not going to produce a new result. It will only make you feel emotionally worse - even depressed.

Shift your focus to the solution.

What can you do to "ride out the storm"?
What strategies can you put into place?
What are the thoughts you need to have?


From Another Perspective

The Law of Attraction states that what you think and feel, you draw to yourself.

If you focus on "loss", you draw more loss to you. If you focus on how financially tight things are, you attract more financial hardship.

See what you do have in terms of abundance and wealth.

You may be saying "I'm not wealthy".

If you are not wealthy, you must be poor. Seeing yourself as "poor" will cause you to think and act as a poor person - thus attracting more of the same!

If you see yourself in this way, it may be time to do a stock-take of your life. What do you own? What are you worth? How much money do you have in the bank and invested? Make a list.

Create a base for what you do have and then find ways to build on this. How can you earn more money? (We found a neat way that anyone can do and I will share this with you in a few weeks). In other words, what do you have to do to get through?

You may even say an affirmation, like
"Money flows easily to me"
"I receive unexpected cheques in the mail."

In summary, keep your thinking positive with what you do have and what you can do with what you have.

If you do have financial problems, get some financial counselling or consult with a financial planner. Remember, sooner is better than later.

Also, most of the "experts" say this financial situation is going to turn around. What strategies do you need to have in place to get yourself through?


Warren Buffett, regarded as one of the World's richest men, has an interesting outlook on the current crisis:

"A simple rule dictates me buying. Be fearful when others are greedy, and be greedy when others are fearful".

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