10 Jul Recession, Resilience and Revolution
Last week I ran across an article entitled ‘Lessons From the Great Depression’ written by Jim Jubak, an MSN Money contributor. It got me thinking about how many of us sit around and gripe about the current economy and allow the media to sway us into panic mode.
If you have ever studied the Great Depression, you know a large majority of Americans experienced deep poverty during those times. Families were torn apart by financial crises, living on city streets, begging for the basics of food, clothing, and shelter. You would see children selling newspapers to provide a few potatoes for the family dinner. I got to thinking about how Americans during that time coped with the stresses of true poverty. I read some of the stories from the people who lived it and I was awed by their resilience.
John D. Rockefeller said regarding the Great Depression, “These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again.” He was right then and now.
While we are in an economic downturn, looking back at the experiences of Americans in that day makes me feel as if we have nothing to complain about. Where is the spirit of true resilience?
We have abundant opportunities! We all have the power to create wealth even in the current economy. We must remember to ask ourselves what we can do today to create wealth.
Microsoft, Hewlett-Packard and Disney all started during economic downturns as did more than half of the 30 companies that comprise the Dow Jones Industrial Average. (Bankrate.com article ‘10 Reasons to Love a Recession’)
Come on folks! Let’s get real. These companies all started when times were tough. The entrepreneurial spirit is awakened in times like these. It’s that spirit of resilience that creates the change in the economy.
How can you make this downturn work for you instead of against you? Think about it, the time couldn’t be more perfect to become your own boss and create your own destiny. Why sit around whining about the economy when it’s us — the entrepreneurial thinkers — that have the power to change the current situation. Deals of a lifetime are waiting around every corner. Each of us has the skill and presence of thought to create the change that will revolutionize the economy. Forget about the boo-hooing we’re hearing in the media. Forget about the rising cost of fuel and prices of everything. Remember the biggest inspiration is desperation. We have no choice but to become independent. (Learn how to build a Cash Machine for Life.)
Think about what becoming independently wealthy means for your future and your family for generations to come. It means not to be dependant on what the economists say or what big business can do for you. What can you do for yourself?
We must get off our “lazy assets” and create our own economic revolution today. Ready GO!
P.S. Recently it’s come to mind that some of you don’t understand what I mean by “lazy assets.” I’ve heard rumblings that contrive that statement as “elitist” or even somewhat “condemning”. That is not at all the case. While the wealthy have the ability to recognize lazy assets and change them into true income producers, anyone can do the same. In fact, unless you start thinking like the wealthy, you won’t get results.
I’m going to help you understand this concept over the next few months, so stay tuned and learn how to turn lazy assets into fortunes.