Recession Buster Formula?– Part Three

Hi there, fellow growth seeker and change-maker!

For some of you, the news about the resignation of Boris Johnson that dominated every media channel was welcomed, and for others very worrying. Your personal opinion views are about the current political climate change. What unites us all is the effect of the decisions on us. A recession is no different. It is a by-product of the choices and the decisions made by those who can either boost growth or, as we currently experience, make most people poorer.

There is no denying that the pandemic had something to do with it, but the elephant in the room that politicians keep avoiding tackling is #Brexit, and its disastrous effect on our economy, business, politics, people's quality of life, education, healthcare, and every sector.

I did a survey among thousands of people I have in my list of contacts, clients, and CEOs about the impact of the current recession, increased energy prices, and the cost of living. I also asked their view on what the government's agenda of "Leveling Up" means to them. The answers I got back were not only alarming but also shocking.

Before I share a bit more, let me say a big thank you for choosing to be part of the tribe that loves to Unfakeably Influence The World. I trust my previous newsletter topic, "Recession Buster Formula?– Part Two," was valuable for you, your family, relationship, entrepreneurial, career, business, and financial success journey.

In part three Recession Buster Formula (TM) series of articles, I aim to reveal more about why it is wise to invest in improving your critical thinking, building your knowledge of how the economy works and what you can be more aware of during the recession, and what you can do to grow your value and service, and build wealth and feel more in control.

Adapt and Improve Your Critical Thinking

The above survey revealed how many people take information at face value and can not be bothered to spend the time needed to check the facts. Critical thinking is a skill that can be improved with practice. A simple way to begin developing this habit is to ask yourself the following questions every time you read or hear something:

• Is it true? Does it represent wholly and accurately?
• Is it right? Does an argument follow from its premises? If not, why does it seem like one should follow?
• What evidence supports those premises, and what reasons are given for those conclusions so stated?
• Is it important, useful, or logical (as opposed to trivial)?

"Important" means that the truth would have some practical effect on someone's life if they knew it. "Useful" means that they could use such knowledge in making decisions about their lives. Logical simply means coherent and rational—that is, internally consistent logic with no contradiction between statements; external consistency with all other known facts; sensitivity to relevant distinctions between kinds of things (such as apples vs oranges); etcetera...

The above-mentioned points are just reasons Boris Johnson lost the support of the Conservatives, faced humiliation and embarrassment, and was asked to leave by the party members that elected him. Being deceitful and telling lies to create division and raise in the position of power have a way of catching up with you. The exact reasons why president Trump lost the election and other leaders and CEOs lost their hard-gained credibility, influence, and reputation.

Observing what has been happening with many politicians around the world in the last few years, it is wise, to develop critical and objective thinking. And hopefully, make a difference with your vote in the next election. Using critical and objective thinking can transform you as an individual, your relationships, career, and business, and teach you how to unfakeable influence in the world.

Create Wealth Through Investing.

While many people may feel wealth is not what moves them, what they want to focus their energy on, and what they deep down value, the truth is, when recession hits and bills pile up, many wish they could have done something about it.

There are many ways to create wealth, and the best way is to ensure that you're investing in building a growth mindset, become financially astute, and master your emotions. Of course, part of that is creating a portfolio of income-producing assets. I spent the morning with a great soul and a Bitcoin entrepreneur who made a few million in the last few years and lost everything. To cut the story short, the main reason was his emotional reactions to ever-changing markets, emotionally driven investments, and chasing quick cash.

If you have the ability to invest money in yourself, your business, real estate, stocks, or bonds through mutual funds or ETFs (exchange-traded funds), then do it! This will help build your overall wealth and provide a safety net for yourself when times get tough. Another way to ensure you have enough money for emergencies or unexpected expenses is by saving up for retirement.

Many of the thousands of clients who have sought my help don't even think about saving for retirement until their late 30s, 40s, or 50s because life experiences seem so much more important at that age than saving it up for later on in life. When everything is less urgent than the fun we seek, with what we might be going through now as teens/young adults, we lose sight of the importance of long-term financial planning. We fall into the rat race of trying our hardest every day to pay today's bills, forgetting about our tomorrow, and creating a better financial future.

However, if left unchecked this could lead to bankruptcy down the road later on due to the financial situation being worse off than ever imagined possible before first starting out earlier than necessary -- especially if done properly from day one instead of waiting till later down the road after hit hard financially harder than should've been possible had they taken action earlier rather than later. One of the main regrets clients share with me at the end of their coaching session is this:

"Tony, I wish I had come to you earlier, you would have saved me so many years of frustrations, pain, stress, and not to mention the hard-earned cash that I wasted over the years. To have known what you are teaching me now back then would by now have made me financially free."

The first step to creating wealth is learning how the economy works.

Consider this: It doesn't matter if you have a job or not— to get out of recession, your wealth, salary, or business needs to be growing. If you don't have an income-producing business or assets in place already, now is the time to start building one. If you do have a business but it's struggling because of the economy, now is the time to adapt it and improve its performance so that it can thrive during these challenging times.

Owning an income-producing asset—a digital course, book, intellectual property, land, home, or investment property—is another way of building wealth during tough economic times. The reason owning real estate has always been considered an excellent investment is because there are several ways for landlords (the people who own property) to make money off their properties: rent payments from tenants; capital gains when they sell them; improvements made by contractors hired by tenants as well as by owners themselves; etc.).

Sometimes, it takes a crisis to make things change.

Most people wait for a significant crisis before making a change and investing in an experienced and qualified coach to help them plan and create the desired results. However, those who invest in self-mastery and seek coaches before a crisis hits are those who adapt fast, turn their fixed mindset into a growth mindset, focus on providing high-value service and build a career/business based on their authenticity have a greater chance to survive and thrive in a recession. You will be able to see the opportunities while others remain trapped in fear and victimhood.

Remember - Great businesses and legendary entrepreneurs focus on solving significant problems. More problems you can find, the more opportunities you will attract. Being a Key Person of Influence in your industry is the best asset I know of that performs brilliantly when things go up, down, or sideways!

In hindsight, from the 2008 global financial meltdown, we can easily conclude that by the time the main media announce the full scale of the recession, you've already been living through it for a few months!

Many of my global clients invested in having weekly, biweekly or monthly coaching to support them to "surf and master the turbulent waves" together. You have a choice to act now, so at some point, we can look back at this time and say "this was the defining moment that everything really came together for you." Multi-award-winning book, The Unfakeable Code?, can teach you many more powerful techniques and principles on what you can do to master your life and live freely on your terms.

Conclusion

Use the recession as a perfect excuse to focus all of your resources to gain a new skill, re-train, work on yourself, change your career, create a Vital Plan for Your Most Inspired Life, and some of you innovate products, write that book, and build a business you love.

Let me leave you with some more principles from my Recession Buster Formula(TM) worth adopting and sharing:

• Be aware of what is going on around you.
• Be aware of your personal situation.
• Be aware of your strengths and weaknesses.
• Be aware of your opportunities and threats.
• Be aware of your values, beliefs, and principles.
• Be aware of your personality traits (e.g., introvert vs. extrovert).
• Be aware of your "I am enough, I can do it myself, I don't need anyone else" beliefs that stop you from seeking expert advice and invest in working through your issues with a qualified coach to get you where you want to be faster and more effectively.
• Be aware of how long you have been in a particular career field or industry sector before changing careers or industries and how long you want to stay put before moving again!

I trust you got much value from this week's article. As your coaching partner, it will be an honor to work on accelerating your mental clarity and productivity and achieving peak health, financial, and physical performance. My range of products and services is uniquely designed to deliver insights and solutions that address new and emerging personal, executive, and business challenges and enable HR and leaders to take decisive actions.

With combined expertise in engineering, technology, CBT, NLP, human behavior, emotional intelligence, and business coaching, we can work on issues that can lead to thriving in any economy, feel more fulfilled, healthy, energized, sure, confident, and more in control of the rains of your life, including workforce planning and product creation cycle, and the future of work and leadership strategy development. Love and Wisdom

Tony J. Selimi - Award-Winning Author, Speaker, and Transformational Life and Business Coach Specialising in Human Behaviour, Leadership Excellence, and Maximising Human Potential. Winner of the London SME Most Visionary Entrepreneur 2020 award, Corporate Coaching and Recruitment Business Coach of the Year 2021 Award, Silver Winner of Literary Book Award 2021, and Maincreast Media Book Award 2021 for A Path to Wisdom, Loneliness, and The Unfakeable Code?. Winner of Book Excellence Award 2022! Author of the upcoming book A Path to Excellence, available in shops and globally from September 2022.

PS I work on a virtual basis and in-person with clients all over the globe, facilitating the realization and accomplishment of personal, relational, professional, financial and business goals. Here are four ways I can assist you in creating life-changing breakthroughs, growth, and accelerating your journey to excellent health, influence, wealth, transformational leadership, and go from where you are to where you genuinely want to be in every critical area of life.

#1… Book a Breakthrough Consultation Session by sending an e-mail to?[email protected]. I invite those of you who are high achievers and change-makers to spend five or ten incredible days transforming what pains you into what inspires you by being privately coached and trained by me—taking place in beautiful locations worldwide. Booking yourself on Vital Planning Business and Life Mastery Training will assist you in learning new and more productive ways and proven methods, tools, and principles that can help you upgrade your psychology and achieve your wildest dreams. Together, we can help you deliver the ever-evolving purpose you want to share with the world.?

#2 ... Grab your copy of my #1 Amazon bestselling and Multi-Award-Winning books, A Path to Wisdom, #Loneliness, The Unfakeable Code?, and enroll in my Mindfulness for Higher Productivity, Performance, and Profitable Life Udemy Course! Click here to join thousands of my happy students.

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