During a recession it is normal to have concerns. It is even healthy. But to worry is counter productive. Worry is emotional and drains energy. Age-esteemers are concerned. Concern is intellectual and leads to solutions. Concern removes itself from your emotions so you can deal directly with the facts.

Financial fears often surface and take over your thoughts during a recession. Take control of these financial fears. Deal with them objectively.

Identify your financial fears:

• Write down what scares you about your present situation and why.
• Be very honest with yourself.
• Ask yourself, “What is the worst that could happen if this financial fear were to become reality?” Often the worst is not as bad as we think. The act of looking seriously at the answer already helps to put the fear into perspective.
• Now ask yourself, “What can I do to reduce the risk of this happening?” Begin acting on this immediately.
• Begin to prepare a plan of action with an alternative action plan if the worst should happen.

Take this exercise seriously and begin to act on reducing your risks objectively.
Prepare your plan of action for the worst case scenario. By identifying your financial fears and taking action, you will conquer those fears.