Most pundits don’t talk about the fact that recessions are healthy.
Yeah, I said it.
All the ex-spurts agree that recessions kill jerbs, hurt peoples’ retirement savings, and generally make like miserable for everyone.
OK, it IS true that it makes many peoples’ lives miserable but only insofar as it forces people to stare down their own bad habits and clean them up or… wallow in failure.
As a general rule, people hate changing habits and bad habits tend to be the hardest to change.
Here’s what I mean:
For YEARS, one of my now favorite actors, Robert Downey Jr., had an insanely hard time finding work.
His drug problem made him the butt of many jokes and… let’s face it… he was a loser.
He’s an incredible winner and has a level of success most actors dare not dream of.
How did he go from being a washed up drug addict rotting in jail to earning the single highest paycheck ever paid to an actor for a movie (Ironman)?
He went through his own personal, painful, recession.
The same thing happens on a national level to an entire economy which is full of bright and honest investors and producers — from bricklayers to Legobrick investors.
When bad habits become entrenched, some bright group of people short everything and plunge everyone back to reality so they can come out stronger, smarter, and (hopefully) more rational on the other side.
Of course, no one wants to be caught with their pants down when it happens.
Which is why I suggest people change their habits now… on their own terms… BEFORE the hurt hammer falls.
Be ahead of the curve so to speak.
Stay in control.
If you want to learn how, hop on my email list and I’ll show you.