Tuesday, 16 August 2011
You've heard the old joke about hard times. When your friends are unemployed, it's recession. When you are unemployed, it's depression. Well, don't believe it.
People get stuck in their beliefs about economy. If we worry that there's inflation or deflation, our attitude will cause us to have difficulty because of recession or inflation.
One of the farmer recently said, "About the only way to make deposit on a John Deere tractor today is to hire a pigeon!"
That's not a bad line, but a terrible attitude. No matter how tough things get, you just can't let them get to you. You've got to program yourself to keep expecting- and generating- boom times. If you keep the boom-time attitude, you'll soon be booming. Our minds and our imaginations can help us to ride out, to rise above- and even prosper in - times of both recession and inflation.
It was during a recession that Bill Marriott expanded his hotel chain while others were pulling back. He virtually doubled the size of his company during that period. His philosophy was that while everyone else was laying off, he would hire- at lower salaries- superior people who would be grateful to receive work.
During recession, Delta Airlines doubled the number of airplanes they owned. They told their employees, "We're going to keep all of you working ." The employees were so thankful they helped Delta pay for the planes!
So hard times are nothing more than a state of mind. Change your state of mind and you can change the quality of your life, no matter what happens to the economy.