As the U.S. copes with a light recession, fear based middle class thinking has swept the consciousness of the masses. This is not for you! Great fortunes are made during tough economic times, but only by mentally tough world class thinkers. While most people are tightening up on spending and sitting on their savings like a mother hen on her eggs, the great ones are getting richer by taking advantage of the incredible buying opportunities that are only available during the down cycle of an economy. These people refuse to allow fear to hold them back. Their consciousness is rooted in love and abundance, and all they see is potential and opportunity. If you want to know how they do it, listen to this post.   Steve Siebold, CSP, CPCS ( 5:30 )

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Steve
steve@mentaltoughnessblog.com

4 thoughts on “Get Mentally Tough During Tight Economic Times”

  1. This is such a timely message Steve, and I certainly agree with you, Mike and Obi. Worrying is energy and attention being wasted.

    As you point out Steve, life and business is cycles and change. We may not be able to control the cycles, but we can get wiser, better and stronger, and as a result cope a lot better with whatever the general trend of the economy is. Many of us can even thrive in tough economic times, as long as we stay mentally tough.

    I got such a great indirect lesson on this when I finished my bachelor degree paper in history a couple of years ago. I was researching a certain aspect of society during the 1920s and 1930s with newspaper articles being my main source of information. Even though I was mostly scanning for material I could use in my research, I was amazed by the tone in many of the economic and political articles and headliners. During those days, which without a doubt were tough times, the world perished or was just about to go under atleast once a week according to the media reports and headlines. And here we are nevertheless, alive and well today, once again being served with the same messages of doom and destruction from the media. The main thing I gathered from this notion was that a lot of companies stayed afloat and people even built their fortunes during those days, despite of all the “obvious” obstacles being pointed out daily in the newspapers.

    If we are headed for a general downcycle which we objectively speaking will do sooner or later, I believe we still have options at hand. Do we react and get paralyzed by fear, or do we respond and commit to working harder and smarter and focus even more on staying on course with our chosen business? I believe the choice is ours to make.

    Have a great weekend.
    Ronnie G

  2. I’ve come across an article from the Journal of Managerial Psychology that I feel would be useful for people who read this blog. It is called “Peak performance and higher states of consciousness: A study of world-class performers.” You can buy the article at ingentaconnect.com or emerald insight.com. It’s a worthwhile read covering many of things we discuss here at mentaltoughnessblog!

  3. An over load of negative input does great damage to the human achievement potential as it habitualizes sensibilities to a destructive frame of mind and action.

    When you go against the grain of that imput realizing you create the environment you want everything changes. These are times of much positive energy, amazing technology, wonderful human achievements, and opportunities in every area of life have never been more abundant for more people to achieve success in so many ways.

    Mike Michelozzi

  4. Thanks Steve, A very good post. It is like mass hysteria leading people into a bottomless pit. Energy directed towards worrying ends up being wasted energy. Can you do a post sometime on the ‘contagiousness of consciousness/approval addiction,’ which are linked to these fear based behaviors?

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