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Know About Money and Finance More May Help You Beat Today’s Recession

I am a firm believer that recession is more a mind game than a fact. Of course, the impact is real, but the real battlefield is in your mind.

Outlook and mindset play a major role in how well you get through today’s recession.

Are you poor because of today’s recession?

Outlook and mindset operate just like the vague and highly relative statement, such as “I’m poor” or “I’m rich.” To the ones who make such statement, the right question to ask is “Are you satisfied of what you have right now?”

We all know that the rich-and-poor issues are focused on one thing – money. To modify the above question, “Are you satisfied of how much money you have now?”

I rarely see someone who loses his/her wealth and/or lifestyle can accept his/her condition well. Not because one doesn’t have any money, but because of the drop in lifestyle.

To make my point, consider this recent story of a recession victim in China – a billionaire lost two-thirds of her money, from approximately 8 billion dollars to 3 billion dollars due to the recent stock market crash. What do you think of this? Is she poor? no. Is she rich? yes. But she might not see the way you see the 3 billion dollars left on the table.

Indeed, many people are personally bankrupt because of the recession. But many more claim that they have gone ‘bankrupt’ and ‘poor’, which, in fact, they actually don’t – they just unsatisfied of the dropped lifestyle and net worth.

Learn more about money, survive recession better

Outlook and mindset can be influenced by the information and knowledge you acquire about finance, money and the economy.

The more you know about money and recession, the more you prepared. The more you understand them, the more you can do to face recession.

Although not all information is positive in nature, you can always benefit from others’ struggle in facing recession, and how they finally ace it.

Where to look for money information

I prefer blogs and forums to look for money information, because they are often offbeat and personalised – this will help me better personally.

What about news sites? I read the news, but only on a need-to-know basis. I prefer blogs and forums because they opinionate the news, which help me enhancing my outlook and changing my mindset.

TalkMoneyBlog.co.uk is one of the blog I stumble on searching for money info, offering blog posts, forums and resources on money. Although the forums and resources are useful, I particularly enjoy reading the blog posts.

Here’s some of my favourite posts from the blog:

Wherever you look for money info, just make sure one thing – you can beat today’s recession by knowing more about your money. Learning will opens up new thinking, and like it or not, it will emerges opportunities to benefit from.

All is coming back to you – will you ‘capitalise’ the information and knowledge you acquire?

Information Liberates You from Your Mind Burdens About Money

Do you know that money is related to how much information available to you about any issues in your life?

Human loves things that are predictable. People trust what is seen rather than not – it’s humane. That’s why clairvoyant and fortune tellers are often two of the most interesting figures in our society – and many people in our society today believe them.

People worries about money – partly because of their mindset and knowledge on their situation is somewhat limited.

Information availability on money issues, such as how to get out of debt fast, how to get rich quick, how to save money, and so on, is important to a large group of people. The more you know, the more you understand and worry less about money.

Or is it?

Know more, worry more – but revelation is liberating

Unfortunately, the wealth of information that you acquire or enconter during your search for answers on money issues might put more question marks and worry in your life. This is due to the fact that if you learn more, you know more; if you know more, a great chance that you are becoming more worry than not.

However, once the newly-acquired information you have ‘settled’ in your brain, you start to shed a light on your money problems. Revelation does liberate you from yourself – your belived myths, your mindset, and your ignorance about money issues.

For example, you want to renovate your home, but you don’t have a strong DIY skills. You might want to look on the Net for information on your personal interest, such as Home Improvement and learn a great deal. The wealth of information overwhelm you, and you start to think that DIY is not for you and consider that it’s better to pay somebody else more money than save money through DIY. However, not for long, the information about home improvement sink in your mind, and create a new understanding and mindset about DIY – you CAN save money.

Another example of higher importance – suppose you were suffering from a certain illness, and worry that it could be cancer. You can seek info on the Net about Cancer Signs, and learn whether your illness is a possible cancer or not. The new-found information shocks you, and shake your view of your future and the money involve in any medications, but you soon gather yourself up and start check yourself up to GP, then look for second opinion while start budgeting about financial issues of your illness. Financially ready, now you can fight your illness – thanks to the knowledge you’ve just acquired.

Money and information – almost all information is funneling into one issue: money

You notice from the examples – can be real life situations – that almost all information is eventually end up to one issue: money.

Again, I would like to insist you this statement: Money is not everything, but everything needs money. Not entirely accurate, but you can get the point. Referring to the examples above, from home improvement to cancer signs, all information leads to to one action: manage your personal finance better (and more strict).

Seek knowledge (information), as knowledge will set you free.