Who Creates Your Economy?

Do consumers create the economy, or does the news create the economy we experience? I’ve been thinking about this a lot lately. Why is it that when the economy is sizzling we feel positive and go out and buy what we need even if nothing has changed for us, and when the economy slows we step back and allow fear to grip us?

A few years ago when the housing market was roaring and seemingly unstoppable there were some lone voices touting that it was only a matter of time before the “housing bubble” would burst. But, these voices were few in comparison to the din of positive ones, so buyers continued to buy and sellers continued to sell with ease.

The negative voices started drowning out the positive ones when banks began showing losses in the subprime market (loans to buyers with sub-par credit), which caused buyers to hesitate and stand on the sidelines. As buyers withdrew from the market prices dropped based on oversupply and decreasing demand. As values sank banks began reigning in many of the programs that had enabled a majority of home purchasers to buy, cutting another segment of buyers from the market and compounding the problem.

While this is an over-simplification of what happened, I believe the repetition of the message that the real estate market was in a melt-down reached a saturation point in the consciousness of consumers causing the market to come to a halt. When a vast number of buyers stopped buying – home prices tumbled – affirming the ‘bubble’ theory. So, if we consumers contributed to creating this stalled real estate market can we UN-create it?

In order to release the brakes on the economy, we have to realize that our buying habits affect the economy tremendously. The only way to begin to reverse this economic contraction is by first recognizing what’s working in our lives, no matter how small it may be. This doesn’t mean we don’t acknowledge the difficulties and challenges we or our fellow citizens may be facing, what it does mean is that we take whatever action is necessary, do what we need to do, and then we move on. We don’t allow ourselves to wallow in the negativity. Only when we begin to feel confident about the course of our own lives will the economy begin to perk-up.

Do you have business-clients to work with? Be grateful. Even if it’s being able to pay your bills this month – commend yourself. If you have the money to buy something you’ve been wanting – do it. Don’t allow the fear-based headlines to hypnotize you. Stop replaying the messages of lack and limitation and acknowledge what’s going right in your life instead. Do something you enjoy, even for an hour a day that distracts you from constantly dwelling on all this depressing news, and you’ll feel better and possibly even come up with a great new idea that will improve your life. Endless worrying will not solve any problems.

I’ve decided that I do create my own economy. My economy originates from within me. If I allow myself to be consumed by fear I’ll surely make wrong choices based on panic and probably end up creating the fearful circumstances I’m trying to avoid. I know for sure I’ll overlook opportunities. I believe that if I’m calm I’m more apt to come up with solutions. So, I’m choosing to focus on what’s working in my life rather than on what the headlines say. What’s the worst thing that can happen? I deal with my problems while remaining calm? You have to deal with them anyway.

I’d like to hear from readers who’ve overcome difficulties when they chose to focus on what was working rather than what wasn’t. We all need to be inspired. Share you story.

Leave a Reply