10 Benefits of a Recession

If you want more bad news, then don’t read this post. But if you are tired of reading about bailouts, bankruptcies, and poor earnings, keep reading.

behind every cloud the sun is shining

I’m no Pollyanna. I have blogged previously about embracing the most brutal facts of your current reality. I know people are suffering, and I hate that.

However, I also believe that every cloud has a silver lining. It’s just part of my worldview. So here are at least ten benefits of the current recession:

  1. It causes you to get more creative.
  2. It forces you to make the tough decisions.
  3. It thins out the competition.
  4. It makes you realize you can’t take anything for granted.
  5. It reminds you that real wealth isn’t about the stuff you own.
  6. It fosters out-of-the-box thinking.
  7. It makes it easier to abandon business-as-usual.
  8. It brings you back to the basics.
  9. It accelerates change.
  10. It causes you to be less wasteful.

While you may not be able to control what happens with the economy, you can control your own mental focus. Usually, this determines whether you feel anxiety and fear or peace and hope.

Question: What additional benefits do you see? You can leave a comment by clicking here.
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  • http://twitter.com/burlw Burl Walker

    Awesome post as always! I love the expression, “Millionaires are made in depressions!” Personally, I love that it makes us think outside the box more. It is to easy to get comfortable and uncreative when we have everything! I used to have a professor that would say, “The best thing a girl can do for a boy that is a poet is break up with him. Great poetry is written from broken hearts and yearning hearts, not hearts that are comfortably in love.” The same idea goes for businesses. When we get comfortable, it is time to shake things up.

  • Joyceowen1

    Simplifies life!

  • http://twitter.com/mcnairwilson mcnair wilson

    Got a great idea? How will you do it with a small budget? How can you do it with NO budget? If money is your only obstacle, you have NO obstacles, but your imagination. (You are the biggest hindrance to your  imagination …me too!)

  • Josi Silverman

    I love you!!! I’m posting this on my FB timeline so all my friends can read this wonderful text:))

  • Gloria2012books

    Benefits: It makes me to manage my time better , to work more and to design new strategies and develop more skills. I tell myself “I’m not in recession” and I always look for work to do. If I get paid or not, I know that I’m giving something. That way I don’t stop. Things happens when we move! :)

  • http://www.healthywealthyfamilies.net/ Hilary Martin, MBA, CFP®

    It’s an opportunity to harvest investment losses, which you can use to offset capital gains in later years. 

  • Martha Mikesell

     Be thankful for what you have.now and realize you could be worse off , there is always someone worse off than you are .

  • Shannon_CC

    If you allow yourself to embrace the difficulties it will build character. This will also carry over into your sphere of influence. I believe our children have learned more about the qualities of good character and strength as they’ve watched my husband and I navigate the harsh economic realities of recent years than at any other time.