Much of the media has been warning us for several weeks that we are in a recession. There is nothing but doom and gloom in the forecast, President Bush's Economic Stimulus Tax Rebate will not make a difference and we had better prepare for hard times ahead. I'm sure you have all been reading the same articles and hearing the same predictions of the coming financial storm. Personally, I have declined to participate in this recession. How about you?
What Is A Recession?
A recession is defined as being two or more quarters of negative Gross Domestic Product (GDP) growth. What that means is that for two or more quarters consumer, business and government spending decreases while exports and inventory increases.
The interesting thing is that I was listening to Dave Ramsey's talk radio show on the way home from work the other night and he talked about how we are NOT in a recession and how politically biased the media actually is. He pointed out that, if the majority of the population believe that we are in the midst of a recession come election time (and many people already do believe that), there is absolutely no way a Republican candidate will be elected President. For those of you who don't know, a major indication of a recession is an increase (particularly a sharp increase) in the rate of unemployment. Unemployment has held steady of late and has even dropped a little. So where is this recession? I'll tell you where. It is in one of the most dangerous places of all - our minds.
Recession Breeding Ground
At the rate that the so-called recession is becoming the most talked about subject in the media, in schools, in our work places and in our homes, we will end up in a recession.
Why?
Simple.
The more this subject is tossed about, the more fearful people become. And when we make decisions based on fear, we usually make the wrong ones. Those of you who recall the movie The Secret of My Success may remember that when Michael J. Fox's distant uncle's corporation was targeted for hostile takeover, his uncle ordered his executives to find ways to "cut to the core" operations and expenses to try and save cash. Fox, posing as an executive (although he had been hired to work in the mailroom) was adamant that doing so would open them right up for the hostile takeover and that they needed to expand and make the company stronger than their competitor. Then they go and take them over! Unfortunately, most of the executives, including the key senior executives, believed they should just follow the direction they had been given by their superior. The result was that they opened themselves right up for the hostile takeover. (I won't ruin the ending by telling you any more than that.)*
(*Note: If you haven't seen The Secret of My Success, be advised that, while it is a humorous movie, it is rated PG-13 for some language and sexual themes. If you find that offensive, I do not recommend this movie to you; not even when it has been edited for television as the sexual themes play such a large part in the film that they are impossible to edit out.)
So what does this have to do with us? Allow me to explain.
Everyone gets more and more fearful of a recession. They start saving money for potentially hard times ahead. Profits drop for major corporations because people are buying less. They start cutting jobs to reduce expenses and preserve profits. Unemployment rates start rising and we end up in a recession. The danger of this is that when fewer and fewer people are working, two things happen:
1. Fewer and fewer people have jobs to provide money to purchase products to increase profits to induce companies to hire more people.
2. As profits drop, prices go up to make up the difference which reduces our buying power and so we buy less which in turn causes profits to drop.So you can see how the recession would perpetuate itself.
As critical as opponents have been over President Bush's Economic Stimulus checks and how it won't make a difference, he does have the right idea. More people need to buy more products to pull back from a recession. The government can't fix this, only we can.
So, how can I decline participation in the recession?
My Declaration of Declination
"I decline the opportunity to participate in any real or imagined recessions. I choose instead to participate in an expansion of personal prosperity. I do so by focusing on literature, news and topics of study that enhance my life. I accept the events of life as being neither inherently good nor bad but simply opportunities for growth and learning. I recognize that I cannot change these events themselves but I can determine my own outcome by choosing the proper response for the outcome I desire. I look for and take advantage of financial and personal opportunities that create a better future for me, my friends and my family. I will share every opportunity I discover with all those I come in contact with and encourage them to choose for themselves as well."
Selective Media Blackout
The worst things in history have happened when people stop thinking for themselves, especially when they allow themselves to be influenced by negative people. That’s what gives rise to dictators. Avoid that at all costs. Stop it first on a personal level, and you will have contributed to world sanity as well as your own.
~ Donald Trump
The first step I have taken in declining participate is to choose not read about, listen to or think about the chance of a recession. Some people may think that is a stupid idea, but let me tell you why this is important. As I pointed out above, the more it is talked about, the more people fear it and, like a nearby rattlesnake that is poised to strike, they focus and fixate on it. And, by the Law of Attraction, that which we focus on and lend emotion to (and fear is an emotional response), we will attract. Whether you believe in the Law of Attraction or not, you can see how it applies by my earlier illustration of how our fear-driven actions will bring about the recession. I choose instead to focus on uplifting, motivating, inspiring and educational topics instead that will actually benefit me.
E + R = O
Some areas I have chosen to focus on are the beliefs, habits and life lessons shared by successful and wealthy people. One of those people that I have enjoyed studying is Jack Canfield, co-author of the Chicken Soup for the Soul series. Jack taught me about the life formula E + R = O, which means an Event + your Response to that event = your Outcome. He shares a story about a Lexus dealer in the middle of the recession of the early 1980's. Nobody was coming in to buy his cars and he knew he would have to do something different or he would end up going out of business. So he started to ask himself, "Where are the people that can afford to buy my cars?" Well, he came up with that they were probably hanging out at the country clubs at the golf courses, the yacht clubs and so on. So he rounded up all his salesmen, drove a bunch of cars to the local country club, walked in and asked who would like the opportunity to drive a brand new Lexus.
After people had the opportunity to test drive a car, he would tell them to continue to drive it for a week and he would take their car in to the shop, clean it up and detail it free of charge. After the week was up, these drivers would come to trade in the Lexus for their personal vehicles. Now, anyone who is reading this that has driven a brand new car and then gotten back into their old car can probably relate to what happened next. When you get out of a new car and get back into your old car, it doesn't feel as good and doesn't seem to drive as nicely as the new car. The end result was that the dealership sold more cars in the middle of that depression than they ever had in the past all because he changed his response to a situation to get a better outcome.
Opportunities Abound
When we choose our response to life's events, we really take control of our lives. Most people live life in fear, stress and frustration because they feel powerless to deal with unwelcome circumstances. They feel like they have been dealt a bad hand and they have no chance of winning. What they don't realize is that it doesn't matter what cards we are dealt, it is how we play them that matters. As illustrated by Jack Canfield's story above, there are always opportunities. Most people just have a habit of looking at the way things are rather than how they can be.
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
~ Sir Winston Churchill
If under the aforementioned Law of Attraction, focusing on a recession will bring about a recession, why not use the same law to turn it around? The easiest way to do that is to ask yourself what you would be doing if the economy was thriving. You would be trying to cash in on it, right? So, the next step in declining participation in a recession is to follow the example of the Lexus dealership owner and look for and take advantage of opportunities for financial growth and prosperity. If we continue to live life the way we have been, look for opportunities to enhance that life, and encourage others to do the same, there is no possible way we will experience a recession.
Give So That You Can Give More
There is a verse in the Bible that says, "Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again." (Mark 6:38) A lot of people translate this to mean you must give to receive, but that is a selfish attitude to take which does not suit the doctrine presented in the book. I believe it means give to give more.
It is my hope that what I have given here will evoke responses and comments that will enhance what little I have presented; a way of giving more to the reader. I further hope that all who read this will share it further with others at every opportunity. By so doing, we can inspire our family, friends, neighbors and co-workers to choose expansion over a recession and build a more prosperous community for everyone to enjoy.
Life! Focus! ... ACTION!!!!
So, come on, everyone! Shut out the negative prophets of financial doom and replace that with media and topics that fulfill you, enhance you and bring you joy. Choose a better outcome to your circumstances by choosing a better response to events. Look for opportunities to expand your finances, your circle of friends and acquaintances and, thereby, your moments of fun and pleasure. And lastly, tell everyone to do the same! Together, we can turn those financial gurus on their heads and show them a thing or two!
