The recession is yesterday's news

Just this week our Prime Minister has finally said the R word and so too has the Reserve Bank Governor. Hmm talk about stating the obvious.

But despite my little political sarcasm I believe that by the simple fact of our leaders admitting that we are in a Recession will set off a new set of events that will lead to the road to recovery.

Why do I say that? Look at it this way, admitting that we are in a recession is like an alcoholic admitting that they have a problem. Once the affirmation has been made, a great deal of pressure is removed. Psychologically a new set of rules start to appear and opportunities that were once not seen, become apparent.

Therefore by the simple admission of Australia being in a Recession now paves the way for us to simply get on with things and stop dwelling in the doom and gloom that every newspaper. TV show and even personal blog seems to want to cover. Never forget the more sensational the story the more readers, viewers and visitors they get, so clearly it is in their best interest to keep the scare tactics going.

Well, I’m not for it. I believe that we are now just about to pass the six o’clock mark of the Economic Clock (Google it!) and we are on our way up.

Sure, a recovery is not going to be easy – it never is (just ask any recovering alcoholic) but if the will is there combined with the right knowledge many great things can be achieved. The world’s macro economy starts and finishes with a collection of billions of micro economies – yours. In other words each and every one of our personal financial budgets combined goes to making the world economy work.

Therefore if you let your finances get out of order, pull back on your spending and think doom and gloom then it spreads like a virus and we end up in a very deep recession that will last for many years. However despite what you may think, you do in fact have the power to control your financial destiny. Never ever believe otherwise. You are not a financial no body – in fact you are a very important part of the world’s economy as I mentioned above. That’s why now is the perfect time for you to play your part and take a greater interest in your day to day finances and get them on track, set goals and build a smart team of money professionals around you.

What Australia needs now is for people like you to be more proactive with your money and to be more confident with it. Not brainwashed by the doom and gloom hysteria created by the media. Never forget the underlying objective of the media is to sell papers, ratings, clicks so as to satisfy their own commercial gain. Think about, they love a good story!

You need to rise above all of this and be smart and look for the opportunities from this recession. Fortunes are often made during these times. Never forget the old adage of buy low! Just look at the amazing bargains appearing in property, the share market and so on.

It’s time to stop focusing on the problem and now look to the solutions. Seek out the right knowledge and advice then start looking at the negative stories from the positive angle as I do. For instance the media will try and scare you by reporting massive job cuts and unemployment rising to 6%. Think about it, 94% of the workforce still have jobs. See what I mean? Like any good sports person they will say you need skill, persistence and above all confidence to succeed even when the chips look like they are down.

It’s time to be confident, take control and stop believing the hysteria.

Let’s turn the negative R word into a positive one – Recovery!

Am I looking at the world through the wrong pair of glasses?

Tell me your thoughts below:

Your State:

Your age

Do you think the media has gone too far? If so why?

(please type in your response below)

Do you agree with Greg?

(please type in your response below)

Where do you think the Australian and world economy is heading?

(please type in your response below)

How do you think you can profit from the recession?