You Can Do it!
Monday morning reminds us how important it is to choose a job you love. A positive thought in the morning changes your entire day.
Quote for the week
“Money, like emotions, is something you must control to keep your life on the right track.”
― Natasha Munson
A bank failure, a global recession, now what?
Last night’s Oscars with its glamor and glitz helped me escape into a fantasy world for some time until I was jolted back to reality. Current mankind has gone through unknown and strange territories including the pandemic in the past 5 years. At the end of the day, it boils down to the economy and to the common man, financial security. The latest failure of the Silicon Valley Bank has caused serious concern about the global economy, many IT start-ups’ financial health, and the personal savings of individuals. While most situations may not be in control, we can control two things – our own financial security and mental health.
How to stay sane in this insane situation?
- Remain Calm
We may not always control what happens to us. But we can control how we respond to life’s events, how we view the situation, and how we make sense of it. A quickened heartbeat and release of stress hormones may incite a flight or fight response that is quite impractical, to say the least. A calm mind will help you think clearly and work on solutions. - Reframe the situation
In any situation, remember that you are not alone. A challenge strengthens one’s mind, resolve, family ties, and experiential learning, Challenges also bring new opportunities to the horizon. Another reason to be calm in order to grab the opportunity and make the most of it. - Hit the pause button
Mind is a devil’s workshop. Sometimes it can take you on a downward spiral. To stop this from happening, take up an activity like a workout, walking, or even watching TV to ‘take a break’ and return with a fresh perspective. - Focus on the present and future
Having a plan can help put your mind at ease and stay focused on the course of action. Keep your eye on the possibilities of the future. Keep in mind that much better times can be created ahead by dealing with the financial challenges of today. - Learn to be frugal
Economic downturns are a great lesson on cutting unnecessary expenses and staying In control of the finances. Keep a positive vision of the future to reach your short-term and long-term goals.
Make a beautiful vision board of your future and note down what it should look like. It will conjure positive energy to plow through any financial stress.