True power in this world comes from economic independence. Way before COVID-19, too many people in Trinidad and Tobago had way too much month left at the end of their money. I suspect that since COVID-19 this situation has gotten worse.
This Pandemic Recession, as it is now being referred to, has caused quite the economic upheaval. Many have been forced to take a pay cut because of reduced hours and some people have lost their jobs. Everybody is worried about the future. Whether you are worried about contracting COVID-19 or not we all share in the financial stress, felt by millions around the world.
This is how things look today:
- Pre-retirees have been forced into retirement, whether they were prepared or not
- Many have been racking up credit card debt just to make ends meet
- Small and large businesses alike are struggling to stay afloat
So what exactly does your stress look like?
During an infectious disease outbreak, the Centers for Disease Control and Prevention report that the following physiological and emotional symptoms are most common:
- Fear and worry about your own health.
- Changes in sleep or eating patterns.
- Difficulty sleeping or concentrating.
- Worsening of chronic health problems.
- Worsening of mental health conditions.
- Increased use of tobacco, alcohol, and/or other substances.
Many of the money related solutions I’ve reviewed following COVID-19 revolve around being proactive with your finances. Except in many cases, those being affected have little to no “finances” to speak of. What should you do if this describes your position?
Napoleon Hill tells us that every adversity has within it the seed of an equivalent or a greater benefit. In his book ‘Grow Rich with Peace of Mind’ Hill says that within that phrase lies the key to our peace of mind.
No matter what financial position the Pandemic finds you in, you need to stop, take a deep breath and CLOSE THE DOORS TO YOUR PAST insofar as any regrets or post-mortems are concerned. You are where you are. What has happened has already happened. Dwelling on how stupid you are, or what you should have done, is not very helpful right now.
Hill reminds us that when we speak of failure, that’s exactly what we will attract. So stop and let failure lie behind the door that you are about to close for good!
What greater benefit can you find as you navigate through COVID-19?
John Hope Bryant, an American financial literacy entrepreneur says that there is an inseparable connection between “inner capital” and “outer capital” – financial wealth.
The inner capital he refers to is your mindset, plus knowledge, plus spirit.
You have a wonderful opportunity to look at yourself. Real wealth starts with the view you have of yourself. You are your first capital and you are the CEO of your life.
When you get in touch with your mind – with who you are – you can begin to live your own life and wipe out any past records of failure. Some of us can do this on our own. Others need help.
We all come fully loaded with assets that we can all turn into earning an income if used correctly. Take inventory of your skills and bit by bit, break those self-inflicted mental blocks and focus not on where you’ve been but on where you can be.
Once you get yourself into this frame of mind, determine where you think you want to go next and what you would like to achieve. Start where you are. If you’re down to zero, you might consider starting with earning a fixed amount consistently before you increase that figure, and before you get to wanting to be a millionaire.
With this mindset you will either find what you need or find a way to do without and still achieve what you set out to achieve.
Napoleon Hill tells us that once our minds can truly picture a desire, and feel success consciousness driving it toward that desire, we can achieve what we set out to achieve.
Ambassador Andrew Young is an American politician, diplomat, and activist. He began his career as a pastor, and was an early leader in the civil rights movement, serving as executive director of the Southern Christian Leadership Conference and a close confidant to Martin Luther King Jr. He says “There is a difference between being broke and being poor. Being broke is economic but being poor is a disabling frame of mind and a depressed condition of one’s spirit.” In other words, being poor is having a broken view of who you are.
We must all vow to never, ever be poor again! I want to give everyone the ability to succeed and prosper no matter what very real roadblocks society puts in their way. We have more power than we realize if only we can recognize and claim it.
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