Hope you guys remember my last DP on reccession informed in the lighhter sense with the example of a Vada Pav seller and his son giving him advise and then the banta dhaar happened of a flourishing business by acting on unconfirmed news and ideas. This is a serious view of the same and hope it encourages you to think more positively for the times are hard and we outta be careful, always !!
In the past few months we are witnessing increased uncertainties around, financial crisis & meltdowns, economic recessions with high inflation, job cuts, escalating oil prices etc.With all of the attention on failing economy its hard to not get caught up in the wave of fear that such news creates. We must understand we are now moving towards 'economically integrated world'. It is understandable to be a little fearful of what is going on & how it affects you presently, & more importantly, how it will influence your future. Yet, you have a choice, whether to become a victim to the current conditions or choose to do 'what you can' and take control of your life.
Most people are becoming victims to the current state of the economy because they have failed to understand what the conditions actually mean to them. People perish because of the lack of knowledge. Ignorance is never bliss especially in times like these. The more you know about a challenging situation betters your odds of overcoming it.
Don't Panic. The biggest mistake often made during times of crisis is people making irrational decisions out of panic. Understand, nothing is worse than making permanent decisions off temporary conditions. Instead, develop a perspective and do your best to remove yourself from the situation. The lesson to learn here is when you control what you can control, you are in control.
Stop letting so called 'sensational media news outlets' make your decisions for you. We are living in a time where information is more open and available than any time before. Take advantage of it and get informed ! When you analyze things carefully, you may learn that things may not be as bad as you think. I know this sounds good but is not that easy for those who get under depressions due to surroundings.
Depression is a state where mind cannot distinguish between right and wrong. A depressed person feels lonely, loses interest in activities enjoyed before and changes in other ways. There are many factors contributing to depression. Over thinking, incorrect inputs of information, high level of stress, wrong diet, lack of relaxation - they all develop negative thinking that eventually can lead to depression. People who neglect themselves become easily overwhelmed by different events happening in their personal life, financial life or career.
The best way for you to prevent or stop depression in its initial stage is by taking a good care of yourself. One of the important aspects of it is maintaining a healthy lifestyle – keeping busy with moderate work load that interests or develops interest in you, eating right, taking time to relax, exercising regularly. Other aspects are developing a positive attitude to life, having a goal that motivates you to grow, surround yourself with positive, supportive people.
Never ever forget that you are your most valuable resource. No matter what the economic, social, or political climate is, you have the ability to overcome and thrive in them all because of the tremendous treasure within you. God has given you the power, ability, and potential to get wealth! But it is up to you to discover and develop it ! Never stop investing and developing yourself.
Turnarounds take time. Remember, we all are going through a process. Understand, winners are those who last because they believe the best is yet to come! Understand that every moment that you are alive is a testimony of your staying power. Continue to be the champion that you already are and never give up. Your destiny is a matter of choice and not of chance !
Let me confess, that I am neither an 'economist nor any financial expert'. With my limited knowledge, these views are expressed towards concerned on the present turmoil in the global economy.
Wishing you health, wealth, peace and a happy week ahead !
