Okay here is your pop quiz of the week.
The terms: inflation, recession, deflation and depression…are they economic terms or are they psychological terms?
Answer: When you let them operate together on the “Little Voice” between your ears, they become the same thing and you lose. The key phrase is, “…when you let them…”
It is no secret that in any difficult economic period, a lot of people get hurt and some people get very rich. Either way, it is the same economy, but a different psychology. The question is, which person are you going to be?
Let’s look at the terms and see how they apply.
Inflation. How many times have you ever been over confident, legendary, lost your humility and even arrogant? What happens? Sooner or later, like an asset whose value is pumped out of proportion, it bursts.
Correction – Stay humble and connected to clients, associates, friends and their needs. Continue to always serve first.
Deflation – Have you ever been disappointed? Not gotten the outcome that you wanted. Felt less than sterling. All your effort into a deal goes for naught when your prospect chooses another vendor or alternative. The money in your bank account is deflating.
Correction – Do not rest on the laurels of yesterday. The best way to keep from deflating is to keep inflating through non-stop promotion, serving and selling. Keeping the pipeline and your daily calendar filled with revenue generating activities keeps your energy up
Recession. Even though the government is undecided about whether this is happening or not, you and I know that it is old news. How about you? Ever feel like pulling back? Ever get tired of doing the same old thing? Ever have your energy level and passion level recede?
And when it gets bad enough with all of the above, have you ever felt like going back to bed and turning the electric blanket up to ‘womb’ and forgetting about it? If you said NO you are lying. We have all been there more than once. Now we are talking Depression.
The #1 strategy to stave off all of these Little Voice and economic conditions is the same. It’s called Little Voice Mastery. It is gaining control of that war between your ears that takes you on a roller coaster ride every time you watch the market swing. That goes from optimism to pessimism when you hear the next politician or economist profess their confusing and alarmist rhetoric.
There are more opportunities than ever before. Weak competition is getting eliminated. That’s good for you and me because those of us who continue to educate and train on how to sell, how to communicate, how to recruit awesome teams and mostly how to manage our own emotions and “little voice” dialogue will WIN and snap up huge chunks of market share.
It’s happening already.
But it’s really up to you..so here is my list of the:
SIX WAYS YOU CAN GO DOWN WITH THE US ECONOMY (If You Want To!)
1. Stay glued to the news like people watching a natural disaster and let the “spin” of gloom and doom drive your Little Voice crazy or focus even harder on doing the right things for your income. Training, selling, promoting, contacting, expanding.
2. Stay confused. Allow yourself to operate in a fog when it comes to money, economics and income. The subject of money used to be simple. Once it got fractionalized, fiat-ized and politicized it got confusing. Rich Dad is committed to the financial literacy of everyone. Learn to read a financial statement. Master the process of sales and exchange. Know the difference between a real asset and a liability. Learn how to create real income in any economy.
3. Believe that you cannot sell or that you don’t have to sell. There is a delusion out there that you do not have to sell to be successful. That is a lie. The Small Business Administration said on April 22, 2008 that 82% of all small businesses formed in 2008 will fold by 2012. (That was before the credit crunch!) The biggest fear for anyone in business is that no one will show up, call or buy and that income will evaporate. That is a real possibility unless you know how to sell.
PT Barnum said it pretty well. “Without promotion, something terrible happens…NOTHING!” People struggle financially, not because of lack of hard work or good products. It’s because they do not know how to sell, how to raise capital without going to a bank or how to market themselves. Whether it is selling products, ideas, recruiting or obtaining funds, the skill is the same. Learn it!
4. Look for quick fixes instead of mastering your “Little Voice”. Before, everyone was looking for a way to get rich quick. Now, everyone is looking for an escape hatch. It’s the same issue. Believing that there is a silver bullet to every challenge or problem. The best investment you can make in yourself and your team is to master the Little Voice in your head that either drives you to success or to depression. Seek books, audios, teachers and mentors that can teach you how to do this. It will not only improve your income, it will change your life. It is the single best investment Robert Kiyosaki and I and our teams have made over the last 25 years.
5. Blame Wall Street, the Government or Bankers. If I have learned one thing in all my years of personal development, it’s that when I blame others for my situation, I lose. Be clear, that Public Enemy #1 is not those guys; it is Your “Little Voice”! It’s the one that doubts you. It’s the one that doesn’t want to take responsibility. It’s the one that did not want to spend the money or time on training when you should have. It’s the one who is afraid. As my friend Robert K. says… Poor people look to government, middle class people look to the banks and rich people focus on their own businesses. And business is a full contact sport. No contact…..
6. Believe that the Government or the Federal Reserve will fix everything. Interesting thought considering they are the ones that orchestrated the mess. Fed Chairman, Presidential candidates, Treasury officials, politicians-it’s like scrambling for deck chairs on the Titanic! Every business owner knows that to succeed, you have to take control of your own life. Here are the facts. Chances are, there will be:
No bailouts for you or I (or possibly even for your bank)
No government support
No or limited credit
No assets to slaughter or borrow against
You cannot change the economy, oil prices, the value of Microsoft shares or a president’s agenda. But you can control your income and your lifestyle. You can control your response to your environment. You can choose how to play the situation. You can stay confused and stunned or take some additional advice from our friend PT Barnum:
“Work at it, if necessary, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now…Ambition, energy, industry, perseverance, are indispensable requisites for success in business.”
As my partner Kelly says, “Business is a full contact sport. No contact…no business.”
You can, regardless of your economic condition not allow the economic condition to become your psychological condition.
Blair Singer is a facilitator of personal and organizational change, a trainer and a dynamic public speaker. His Book, Little Voice Mastery, de-bunks much of the popular thought about personal growth and gets you down and dirty with real-world, right-now techniques that will help you make profound changes in your life immediately. To learn more about Blair, and his book, visit: http://www.littlevoicemastery.com/