There is no doubt that the economic downturn has put many in a place of despair and difficulty. I certainly do not mean to make light of anyone’s personal struggle through this time in America and the world. I am quite aware of the loss of income, heavy debt, increase in cost of food, gas and basic necessities — I’m experiencing them, too.
But you have to admit there is a pause in America to reflect on what we have been doing over the last decade or so and to realize that, sooner or later, the ever-escalating trends of spending and short-term vision had to come to an end. Just look at the housing market: I purchased a townhouse in 1998 that increased in value almost $50,000 in a little over two years. With that surge, building and home sales skyrocketed. That had to end at some point.
Now, I am certainly not going to try to pretend to be an economist or financial guru, so let me get back to my point.
I am excited about the following trends that are emerging as America and the world wrestle with the current economic crisis:
1. Unity. The focus is moving from “me” to “we” — as individuals we can not solve the current economic crisis, but collaboratively, we have hope. Times like these put most of us in the “same boat.” The common “enemy” brings unity.
2. Core values. Where once we spent almost without thinking, now we all have to make choices about what is most important.
3. Thankfulness. When things become unstable, we reflect on what we could lose, and that process shifts our thoughts to what we have, rather than what we want. Health, home, family and friends become more valuable than entertainment, luxury and the latest fad.
4. Less waste. Fix it or replace it. Careless or careful. Cash or credit. Need or want. The challenge we are living through gives us an opportunity to positively impact our lives for the better.
5. Better ideas. When the going gets tough, the tough come up with great ideas. That means ideas for life and business, including better business products and more efficient business management.
6. Focus on the future. When times are good, one does not worry about what might happen tomorrow. But when things get rough, we build plans and move with purpose.
Finding the sunny side of a desperate situation gives us all something to build on rather than to dwell on.