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What can you do when the world economy is slowing down?--- BUILD RESILIENCE!!!

I can see the markets slowing down, banks collapsing, people going berserk with fear. Perhaps nobody anticipated this crisis; The ones who saw it coming may have buried their heads in denial.

Looking at the current situations here are few things we need to do to build resilience:

  • Spend wisely-It is very easy to waste money
  • Seal the cracks through which you are losing money-late credit card payments, delayed bills, wasteful ways with electricity, water,---
  • Have a vocation 1 & a vocation 2 and develop alternative sources of income
  • Become entrepreneurial rather than just an employee
  • Develop a family vision for handling finance
  • Explore various ways of investing
  • Develop your knowledge and skills and enhance your earning capacity
  • Spend time with your family and build a strong fortress of support in terms of relationships
  • Network as never before-the more the friends you have the more the support system
  • Get into the habit of helping others-make the law of reciprocity work for you
  • Exercise and keep yourself healthy and encourage your family to adopt healthy life styles
  • Get serious about spiritual pursuits-there is a lot more to life than just money and materialistic wins
  • Have planned entertainment
  • Learn and practice Yoga-meditation
All these activities will increase your resilience in these turbulent times.

Helping yourself to be resilient while helping others to be resilient is the best vaccination against the ills the current world trends will expose you to. 

People need to be together and help each other more than any other time in the recent past.

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3 comments:

Anonymous said...

This is indeed a good set of action
that I can learn from.

Thanks for this great sharing.
But I guess the number one killer
is that people procrastinate, they
don't take the necessary action
even though they know what they
should do.

Shawn
Success Strategies

Anonymous said...

Hey
sory to write to you like this, but i could not find the contact form. I really like your blog and i was wondering if you would maybe like a link exchange with my website www.sayeconomy.com . It is not as big as yours, since it isn't up so long yet, but it's gaining visitors fast and i have ordered an advertising campaign recently.

Next to link exchange i would like to offer you an option to publish some articles of yours about economy on my blog, send them to me and i will publish them. You can add link to your blog under each article and i will publish it as a source.

Well let me know on info@sayeconomy.com . I would really like a link exchange with your blog (i like it alot).

Thank you in advance for your reply.

Cheers,
Matt

Angad Singh said...

I am a continuous follower of your blog but of late had got tangled in my job with recession around coupled with being a fresher to the industry made things look a little tough. Only thing which gave me relief when i came back home or before going to office was the spiritual name of god and my friends.

The advice shared by you are really helpful. Would love to learn more about how you balanced between job and personal life...