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Recession Busters
PDF version
Choose your attitude
- maintain a positive outlook. Abraham Lincoln, who suffered many setbacks in
his life, once said “A man is about as happy as he chooses to be” when he was
asked about his generally positive and happy demeanour. People like to be
around positive people.
Be active – participate in
community activities and social groups, you will meet and share with others and
it is also a great networking opportunity.
Be pro-active
– set goals, plan and set out to achieve
them, take immediate action. Take control and become the cause of things in
your life.
Be a survivor–
survivors find ways to progress and they learn from all their experiences and
celebrate all victories however big or small.
Does not be a recession
victim - We all share the
burden; this is not being done to you personally. This crisis is across society
and across the globe, you are not alone.
Make a Budget – take charge
of your finances and prepare a budget, involve the whole family and discover
ways to cut costs while still having some fun.
Find low cost entertainment
– discover or rediscover the fun of playing board games, or cards with family or
friends or walking in the bush or a trip to somewhere nice that doesn’t require
“wads of cash”.
Know the recession will pass
- understand that economic “booms” and “busts” come and go. Every “bust” has
been followed by a recovery and every “boom” by a correction. History shows
that each high point has been surpassed in the following cycle or two. How
long? - is the question to be answered.
Opportunities abound – many
people shut up shop during tight times leaving gaps in the market for those who
can take advantage of them.
Do a good turn every day –
the psychological benefits of assisting someone else last for hours. Baden
Powell had it right and you may wonder if he truly recognised the impact.
Be aware – There will be
many false opportunities. Use good judgement, research investments or jobs, get
good advice from trusted professionals and never forget the rule of thumb that
says “the higher the return the greater the risk and the more likely it is a
scam”.
Be true – know and
understand how this crisis has really affected you, not how you think it has,
and work from there to build or rebuild your future. Take stock of all your
assets, liabilities, income and expenses and the environment in which you
operate. Get evidence; do not make decisions based on presumptions or operate
from fear (feeling expectations as real).
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