Credit Crunch Survival Techniques

The global economic situation is affecting everyone in one way or another and at times like these, many people are worried about their finances, businesses or perhaps losing their job. You have to be careful not to get drawn into the collective negativity all around you. It is impossible to turn on the television, radio or open a newspaper without reading about the doom and gloom that currently prevails.

If the economic crisis is negatively impacting you, here are some steps you can take to put yourself back on the right path.

1. Credit Crunch Survival Technique #1. Make sure that you are not in any real danger. By that I mean that you or your family’s lives are at risk, there is no roof over your head or no food on your table. If there is a real threat, the first step is to address it and get out of harm’s way. Move in with family or friends, find food and shelter, etc. However, what you will see is that most of the things we worry about are not real threats to us at all, but just scenarios that we imagine in our head. What we think about, we bring about, so the last thing you should be doing is rehearsing all of the doomsday scenarios in your mind. If you feel a panic attack coming on or you are anxious, just breathe. Put your hand on your heart, take a few really deep breaths and think about someone who loves you.

2. Credit Crunch Survival Technique #2. Whatever your situation, do more of those things that make you happy. Every day, take time to do something that makes you happy and don’t do something that doesn’t make you happy. It sounds very simple and it really is. The more time you can spend each day doing things that you truly enjoy, the more you will raise your vibrational and creative energies and the more positive your outlook will become.

3. Credit Crunch Survival Technique #3. If you lose your job, don’t despair. Unless you are one of the lucky few people whose job is actually something that you love to do and would do even if you weren’t getting paid for it, perhaps this is a blessing in disguise and an opportunity for you to turn your life around. Get a notebook and every day, write down 25 things that you could do that would be of value to other people and that they would pay you for. These can be anything from selling something on E-bay to baby-sitting to writing a novel. By writing 25 ideas per day, you will get your creative juices flowing and you will begin to see what unlimited possibilities there are for you to create value in the world. Eventually one of these ideas will jump out at you, you can begin to do it and you will be on your way to financial independence.

4. Credit Crunch Survival Technique #4. Make a financial plan. Whether the value of your investments have declined, you can’t borrow money, you can’t sell your home or your income has gone down, whatever your situation, put a financial plan of action in place and if necessary consult a financial coach or advisor to assist you. There are certainly ways to cut your expenses, consolidate debt, or ease your burden in other ways. The key here is to feel like you are more in control of your situation.

5. Credit Crunch Survival Technique #5. Try to get clear about what it is that you want and then ask yourself what is stopping you from getting it. This is where life coaching would be very helpful because often we are not able to see these things clearly ourselves. By enlisting the assistance of a life coach, you have someone who can give you a different perspective on matters and ask questions that prompt you to think differently. If you do not change the way you act and think, you will just keep producing the same results. The only way to get different results in life is to change something within yourself and your thinking.