Sunday, December 16, 2012

Staying Positive During Hard Times

Despite the bad news like high unemployment rates for young adults, european recession, troubled economy, uncertainty with the tax system, troubled healthcare system and slow housing market recovery not all these roads lead to failure.  What better time to start a business and contribute to the economy by adding jobs.  When starting a new business consider that technology is the second most common way American billionaires have created their wealth.  Pursue another career as long as this new passion is an employable one and a good return on investment.  At some point in your career you may be able to combine both degrees and help out others or contribute to academia.

Whether day trading losses, real estate crashes or business failures the medicine is the same; stay positive and allow yourself to recover.  According to Barbara Fredrickson a professor of psychology at the University of North Carolina "positive emotions help speed recovery from negative emotions" the negative emotions block the brain's ability to think outside the box and the ability to be creative.  As professor Fredrickson states "losses loom larger than gains" "our mind is drawn into this mental time travel, and we're obsessing about something negative that happened in the past or we're worrying what will happen in the future."  In her studies test subjects with high levels of anxiety were able to lower their blood pressure by viewing relaxing imagery.  The moral of the story is to stay positive, take risk and recover from failure by having hope and showing gratitude. 

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