Will your grandchildren all speak Chinese? The power of a panicked populace.
As of this post over 1.4 million people have viewed this video about the Chinese controlling us by 2030. Could this happen? It’s not the point of my post. What is critical is the power of panic….
The Power of Panic
In times of crisis there are two forces that dramatically assault our lives. One is the crisis itself, the other is the panic cause by reaction to the crisis. In today’s real estate recession many are panicking. From real estate and mortgage professionals whose income has dramatically declined to home owners losing houses and equity.
What does panic do to people?
- Panic robs us of objectivity. When panicked, people make rash choices. Often these choices are regretted in the future and can be quite destructive.
- Panic allows others to take advantage of us. By focusing on our fears and being driven by our emotions we have less mental energy to avoid those who would prey on us in times of difficulty. This evidenced by the large amount of fraudsters who are pursuing those who are facing foreclosure. Scams in the area of loan modifications, short sales, and deed transfers are just some examples.
- Panic erodes our hope for the future. This video is popular because many have lost hope that our economy will be restored and that there is a bright future for our children.
What to do to prevent panic.
- Avoid self-fulfilling prophecies and negative speak about your life and circumstances. The person who says “I will never get out of this mess,” may find it harder and harder to experience a break through in their circumstances. Political leaders and media figures who say that our children will have a worse life than us may in fact be a contributing cause to a negative future.
- Seek empowerment. No matter how bad things are, there are things you can do to change your circumstances and/or control the outcome. This is especially true for those facing foreclosure.
- Find people who share your desire to succeed. Whether it is a financial professional who will assist you with tough decisions or peers who are facing the same issues there are people who can provide support and reduce your sense of panic.
- Take stock of your situation and determine if it is time for a fresh start. For some, keeping a house may not be the best choice. Only you can decide this but it is critical that you evaluate all your options.
Jeff Green, REALTOR
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