Surviving in Bad Economic Times takes time, effort and focus. It takes beginning to change your thinking about the way you use your resources. Here are some tips on how to not only survive but to thrive in these difficult times.
First, change your thinking. We are tempted to get into a negative way of thinking and talking about both the economy and our own personal situation. There is a concept that was articulated by Dr. Dennis Waitley in his book, Seeds of Greatness that he terms “Self Talk.” The basic, very simplistic interpretation of what he says is that what we tell ourselves we live out. In other words we can predict our behavior and the way we feel about ourselves when we listen to the tapes we are playing over and over in our heads about ourselves. If we continually tell ourselves that we are in trouble, we are losers, we are not going to make it or whatever negative self talk we listen to then we will do the things that will cause us to live like that. What we need to do is to tell ourselves a different story, send our minds a different message. We need to tell ourselves the kind of messages we need to cause us to live out the kind of lives we want to live, not the kind we don’t want to live.
Second, evaluate how you are using your current resources. Our resources include everything we have and hold dear. Our money is a part of our resources but only a part. Our time, talent, skills, technology, friendships, family and more are also resources. How are we using all of our resources to find solutions rather than to focus on problems? How are you using your money? Where is it going? What areas are non-essentials. You can not eliminate all non-essentials but you can modify them. Making what changes you can and add up the savings? Finding great buys online using discount shopping sites and tools can be a major shift in our thinking about shopping but represent tremendous savings over even discount shopping malls.
Third, look for ways to save on the things you have to buy. There are many options and ideas here. Some ideas for discount shopping are to save coupons, subscribe to savings/frugal websites and Twitter channels, join a coupon swapping club, buy in bulk, shop at resales shops, join savings groups on Facebook and on and on. There are thousands of ways of finding ways to save money on what you have to buy anyway. None of these are talking about buying things that are extras. These are ways to save on things you have to buy anyway. There is even a website where you can download software that will take you to the best price on line for anything you are shopping to buy giving you the very best discount online shopping.
Fourth, find a mentor. We all need to have people around us that are living the way we want to live. Take a look at the people with whom you spend your time. Are they the kind of people you want to become? I promise you that you will begin to take on the characteristics of those where you choose to spend your time. If you don’t want to become them or a lot like them you better choose other people with which to spend time. Identify the characteristics that you would like to add to your life and then people that live out those characteristics. Take time to get to know those people and deliberately spend time with those people.
Fifth, look for ways to use your resources to make money. Adding revenue is the best way to survive in bad economic times. If you can find a way to increase your monthly income you are then in a position to make a decision as to how to use that additional income. It might be that you have to use it to stay on top of your bills. It could be that you can use it to pay off debt. It could be that you could invest it for the future. It could be that it would allow you to do something you have never done before. Whatever the extra money would mean to you, adding an extra income stream is the best method of surviving and thriving in bad economic times.
Many people have found that starting a home based business is a great way to add an additional income stream. My wife and I have gotten involved in a home based business that leverages the value of the internet with the needs of the current economic times to generate an income for us and saves money for those that use the product.
Everyone can do something to change their circumstances if they are open, willing and teachable. You are in control of your own destiny unless you give it away to someone else. Take control today and do something to change your situation. You will feel unbelievable when you do. There is such a release and relief to know that you are doing something to take control and be in charge of your own destiny.
D. Bruce Scott is an author, consultant and internet wealth advocate. He uses his resources to help others save money when they shop and to earn additional revenue streams to not only survive but to thrive in these difficult economic times.