how do you stay upbeat in deep recession?

[picard]

how do you guys maintain positive self esteem during recession?

I worry about job loss all the time. What's your secret in staying upbeat in recession?

 

[speakeasy]

how do you guys maintain positive self esteem during recession?

I worry about job loss all the time. What's your secret in staying upbeat in recession?

Well, number one everyone should have long ago saved up half a year's survival expenses. Back when the economy was good people didn't give much thought as to what would happen if things turned sour. Everyone should make it priority to have some reserve savings to back you up.

After that, I would say turn off the news and quit worrying about things outside of your control.Put your mental energy into things you CAN control. Just remember that wherever you are working, people change careers and jobs numerous times in their lives. Whatever you're doing probably wasn't your first job, and it sure as hell won't be your last. I heard someone say that long ago about a job they were stressed over and it just sort of stuck with me and always made me feel better whenever I was worried about being fired. THIS WILL NOT BE MY LAST JOB!

 

[6-heads lewis]

alcohol helps.

 

[Roly]

Thank God I live in the middle of nowhere and a recession proof area. Go live in South Texas Man ::thumbs up::, the gas prices are low, the people are laid back plus the apartment rentals are cheap as hell. I only pay 150 a month.

 

[EA Gold]

I have to agree with speakeasy, Turn Off TV, Newspapers.

Almost 2/3 of the Primetime news is spin aka fake news.

For example I was hearing a segment where they said some guy born in seattle but from Somolia went back to his country and bombed a group of people, and they claim "First American Citizen to do terrorist attack" LOL!LOL!!!!! As you already know, even in the 50's America was involved in terrorist attacks in Iran.

Most of what TV tells you is not real..why pay for it each month?

Anyway, A Few months ago before all the cashouts. I made a decision not to be a part of the economic decline. Not to talk about it, not to even mention the R word. And Just talk about abundance and blessings in Life.

 

[Ricky]

It is tough to say upbeat. I just found out I was being laid off 2 weeks ago and it happened today. I was shocked.

I had two interviews in totally unrelated fields today. THey would be tough jobs that pay much less than my tough job that I had to work tons of hours and didn't think I'd lose.

 

[Desdinova]

I can't see my job laying me off. We're horribly under-staffed as it is, and the demand for work is consistent, if not, growing. The worst I could see them doing is not hiring more people.

 

[picard]

I had several interviews just to get a short term contract job. It really suxxx. The Canadian economy is really gone off the cliff.

The government got its head in the sand. The Bank of Canada seriously underestimate the downturn of economy. The government is reluctant to call the recession as depression since it will panic everyone.

This is technically a depression since all the banks failed dismally. :cuss: :cuss: :cuss:

 

[GQ_Confidence_1]

You have to educate yourself, some good books and authors...

-Jim Rogers. Economics commentator. He's brilliant and explains economics and world finance in very simple, everyday terms. Lots of videos of him on youtube.

One of the few media commentators worth listening to, dont ever pay attention to tv, mainstream media, cnbc, etc. Yahoo finance, thats all garbage.

Get familiar with different commentators (like peter schiff, marc faber, roubini). Heres a great recent interview of him, explaining the state of the world.

http://axisoflogic.com/artman/publish/article_29859.shtml

You dont have to be an expert, but better than being on a sinking ship with no understanding of anything. I havent been in stocks at all this decade, some good books like money game and others helped me see the light.

-pay attention to your banking.

-cut out, eliminate credit card debt. Even if it means selling the tv. Payments get very tedious in times of stress.

-consolidate everything down...like emiles, rewards, points, statements. Managing all that is too hard and complicated under stress, or simply keeping up with it, its not worth the time. I dont see how people have time to keep track of 1/20th of whats offered to you on a daily basis.

-no matter how bad things get, you always have control over yourself, your pysiology, your state. Books like pyscho cybernetics, tony robbins, others mentioned on here.

 

[OzyBoy]

I think this recession is over rated thanks largely to the media or maybe it's a bit different here. I'm starting a new job in a couple of weeks so it can't be that bad.

 

[Darth]

The media has definitely been playing it up for all it's worth...

 

[Maeisgood]

First of all, don't leap out of window over the recession (Like millionaires in 1929)!

Recessions reward the financially intelligent and keep in mind that business operates in cycles of boom and bust. People will continue buying, selling, and hiring. This is not the end of the world. To Republicans, politics operate in cycles too, so don't loose heart. Democrats, don't get ****y with your power and don't cause a backlash and shoot yourselves in the feet as the Republicans did. Use this recession as an incentive for yourself to learn about money. Never stop learning.

Eventually these things iron out and hopefully people learn from them. Assets can be bought on the cheap in recessions and their value increases when markets rally again. Invest in yourself, get accredited for in-demand tasks. Read Rich Dad, Poor Dad. Reading the book won't make you rich, but if you read Robert Kiyosaki's ideas with an open mind, it might help you begin learning about finance. Don't like to read? Find it on tape using a bit torrent and load it onto your iPod. Listen to it while in traffic or other times that are already wasted. Learn about "recession proof" jobs, specialize in them. Buy cheap outdated college text books on business, economics, real estate, finance, accounting, etc. from half.com, read them, learn how this happened, why, and how to prevent falling into the tar pits others have. Maybe you can one day be the jerk evicting people and profiting from it!

Luckily for me, I'm young and in college. I plan on staying in as long as I can afford, and hopefully firms will start hiring again by the time I get out.

 

[picard]

this recession is not creation by the media. A large number of people lost their life savings and jobs. my cousin lost her job and her husband lost all the money in stock market.