Archive for finance
Overcome Fear in the Economic Crisis
Posted on 12.17.08 | 52 Comments
Photo: Lucia HolmIt seems that you can’t go even one day without hearing a comment, a remark, a report, or an article highlighting the current economic downturn. How can we keep a positive attitude during these tough economic times?
It has become an unavoidable topic that comes up during business meetings, lunches, and social gatherings. A friend recently was forced to sell his house, and shared with me the tales of money lost and his many frustrations. Another friend jokingly remarked, “my 401K has turned into my 201k, I might as well have not worked for the past two years.”
I’ve done my best not to focus any energy on this topic, until I recently started receiving email from readers asking for advice on how to deal with the current economic situation, emotionally. Here is one such email from a generous reader that encapsulates the topic nicely:
“I am a recent graduate from a Masters program, have a very good job, but am constantly worried about what the future holds for me financially. Since most of the troubles in the world are out of my hands, how can I keep an upbeat attitude about life in general, during these tough times that are affecting so many hard working people.”
- James RichterIn this article, I will give my own perspective on this topic, and relay specific tips on dealing with fear during an economic downturn.
