Riding the Credit Crunch wave

16 October 2008 10:52
Good Morning,
Part of being a Leader is driving the motivation of your teams.  But who's there to motivate you?
Well, you can always rely on First Train to support your development and keep you motivated.
So, in light of what's happening in the economy, how are you keeping your proverbial "chin-up"?  Below we've listed some of the elements of the current situation and hopefully a couple will resonate with you.  Our aim is to provide you with a torch in order for you to find your way down that tunnel that governments and the media are continually building around us.
Riding the Credit Crunch wave
  1. In our marketing orientated world, we've been conditioned to focus on the here & now and instant gratification.  Re-condition your thinking for the long-term.
  2. If you're living on your investment returns or planning on doing so in the foreseeable future, then seek financial advise.  Otherwise, work out what REAL effect this "media frenzy" has had on your finances.
  3. Take a long-term perspective about your investments.  At the moment, the only guarantee seems to be that if the share market has had it's biggest gain ever today, it'll probably be back down tomorrow.  Don't let it affect what's really important to you.
  4. If you are at all concerned, then seek advise or have confidence in the companies you own.  Our biggest cause of stress is the power of not knowing! Stop guessing.
  5. There's a lot of scare mongering going on at the moment - separate fact from rumour.
  6. Have you lost actual money, or just money on paper?  The share market is like a snake that has swallowed a possum it's still trying to digest. Let it settle down otherwise you'll get financial indigestion.
  7. The governments (both Australian and other Western countries) are feeling guilty due to their policies that led to the de-regulation of our banking systems.  That's why our money is being ploughed in to propping up the economy - they can't let capitalism fail.
  8. Don't stop planning for your future or taking action - those missed opportunities may have been your ticket to your Utopia!
  9. Be sensible. Be objective. Gather your facts. Stay calm. 
It's OK to laugh and make jokes when times are tough.  If you haven't heard how bad it is in London yet, check out the picture below.  And for another giggle, check out some of the jokes on the BBC website http://news.bbc.co.uk/2/hi/business/7659334.stm .
Good luck and hope to see you on the other side of this economic situation with a smile still on your face.
NB: This e-mail is sent as a motivational tool, and is not to be considered as financial advise, either of a general or personal nature.  Please seek professional financial advise if you need to.
                 Christopher Brooks
                  First Train Pty Ltd

- Turning People Into Successful Leaders -
Tel: 02 9358 6359
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