Article by Dr. John Demartini
The deflation of the global markets and the decline in spending is impacting most people regardless of their economic status. People are going to bed each night wondering if their job is secure and how much longer they can afford their mortgage. Business owners are worried about the next payday and workers are wondering how to add more value to their work in order keep their jobs.
History has taught us that out of the ashes rise great opportunities. Challenge can be transformed when we know how to ask a new set of questions and shift our perceptions, then our actions. For example, difficult financial times can make us place a higher value on conservatively saving money, which increases the chances of accumulating future wealth.
Losing a job may be the catalyst for creative entrepreneurialism. Chaos can bring unity and awakening to a new order. This is exemplified in the way world leaders have united in their will to restore stability to the financial markets.
Here are some examples of perceived challenges, along with their compensatory blessings that may help you become aware of the other side. Reading these may assist you in allaying your fears around the challenges associated with the temporary loss of money.
Credit crunch: As government introduces credit restrictions, lenders become more accountable. This will provide for a stronger economy in the future. The credit crunch also means you are protected from making foolish financial decisions that could affect your tomorrow. It will make you prioritize your purchases, which will trim your fat, making you more efficient and lean. This can certainly pay off, saving you more money in the future.
Losing a job: Losing your job could open the pathway into a new job you really love and can also be the catalyst for going after a long- sought dream. You may find yourself generating new ideas that awaken your entrepreneurialism. Being free from the perceived “security” of your previous job may assist you in discovering the courage to start up your own company. A retrenchment package could become the capital for a new business.
Restructuring: In good times, companies tend to become over-fed and overlook the decline of inefficiencies. Recessionary times force companies to become lean, fine-tune their marketing campaigns, streamline all areas of ineffectiveness and create a well-oiled machine that prospers when the tide turns.
Not being able to afford previous lifestyle: Friends and familiesbecome innovative and spend more quality time with each other. Fathers may play more sports with their children, rather than paying for coaches. Imagine what benefits there are to having family members learning to more deeply appreciate what they still do have.
Difficulty getting start-up funding: Bank lending is at a minimum, making it difficult to fund a new business. This forces entrepreneurs to fine-tune their business plans and present a financially sound strategy that ensures success and loan repayment. This gives you a level of certainty for your future business success. Easy money can be the recipe for complacency and failure.
No money for a holiday: Holidays bring their own stresses like overspending, busy airports, delayed planes, lost luggage, etc. This forces us to take a less expensive local holiday, which boosts the local economy, or forces us to stay home and get things in order, bringing a peace of mind all its own. Remember, peace of mind is in fact the definition of a true holiday. We also get to link up and deepen relationships with friends who find themselves in the same situation. If we help others give and receive what they would love, we tend to give and receive what we would love.
Challenging financial times do many beneficial things. They calm our unrealistic fantasies about life, quell our need for instant gratification, force us to be introspective about what we really truly want out of life, teach us how not to live beyond our means and help bring us back into equilibrium. These are all long-term blessings. When we transform our crises into blessings, we catalyze others to do the same.
Article by Dr. John Demartini the author of the book “How to make a Hell of a Profit and still get to Heaven” Human Behavior Specialist, Educator & Author, Dr Demartini is considered one of the world’s leading authorities on human behavior and personal development. He is the founder of the Demartini Institute, a private research and education organization with a curriculum of over 72 courses covering multiple aspects of human development.
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