Urban Vancouver

Don't just survive, but to THRIVE in tougher economic markets.

By Maria Mak - Sut... on December 11, 2008 - 9:03am

Believe it or not, it is possible not only to survive, but to thrive in tougher economic markets. And guess what…. if you learn how to profit even in “down” markets, than think how well you will flourish when things inevitably get better again.

They say that if you took all of the wealth in the world and spread it evenly amongst all the people, within 50 years 82% of the people would be in the same economic position as they are today. This is because wealth is behavior-based and less dependent on outside factors than you may realize.

Use this tough market as a wake-up call and condition yourself to take steps to adapt the behaviors necessary to truly build wealth for you and your family. Learn from the pros and the families that have withstood generations of ups and downs in the economy.

Recognize that thriving assumes surviving. Survival in these tough times is critical, but it’s not enough to just stop there. By focusing instead on thriving, survival is assured. You’ve got nothing to lose by living with an optimistic, great outlook; you have everything to lose by living in fear.

Acknowledge fear as natural and necessary, but insist on living beyond it. Courage is not the lack of fear; rather it is the willingness to push on through fear. Consider what’s right about the situation and where the opportunities are. This is not always easy or natural, but it is always possible and for those choosing to thrive rather than simply survive, it is absolutely essential.

Invest in yourself. If you're thinking of buying and selling real estate, Contact Maria Mak at Sutton Centre Realty for more creative financing or visit my website at www.mariamak.com