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Fight Foreclosure Fight Stress

August 22nd, 2008 | by Marina |

We are at present facing worst of financial crisis -increasing foreclosures, soaring gas prices, rising unemployment…the list grows. But one should keep in mind that nothing is permanent in this world not even our problems.  Quoting Warren Buffet about our economy “I think we’ve got fabulous capital markets in this country, and they get screwed up often enough to make them even more fabulous.”  So let’s face this bravely for a bright future with great tips from Dr. Keith Ablow (renowned psychiatrist and founder of Living the Truth)

1) Trying to white knuckle your feelings and fears can leave you feeling alone with them.  Voicing them puts them in context—as things happening in your life, not life itself.  Talk more about your feelings and fears, not less.

2) Every difficult chapter of one’s life story offers the chance to rise above it by showing grit or grace in the face of uncertainty.  Our loved ones and the community measure us by assessing our characters, not by calculating our finances.  The way you react in adversity is what defines you, not adversity itself.

3) Our financial circumstances are never entirely under our control.  The economic realities of the day truly impact what is possible for many of us.  Millions of Americans are losing their homes.  If you would not judge them as weak or unwise, try not to judge yourself.

4) Seek more information about the economy, not less.  You’ve learned the impact that financial markets can have, in personal terms.  Become an even better student of them.

5) When people look back at their lives, almost all can identify periods of great turmoil, personally or professionally or financially.  If this is one of yours, you are in pain now, but the overall arc of your life story can still be in the direction of success and happiness.  Abraham Lincoln, for example, suffered severe financial reversals and several political losses before his great successes.

6) No patient has ever described the real assets provided by his or her parents by the kind of house or apartment the family lived in.  To a person, the accounting has always been emotional:  Did he or she feel well-loved?  Was he or she listened to?  Were his or her dreams encouraged?  If you want to put something that lasts “in the bank” for your kids, tell them that whether you live in a big house, a little house or an apartment (or even in temporary housing) that you will always be a family and that you will think about them every day and kiss them goodnight wherever they go to sleep.

7) There is great power in shifting from seeing oneself as a victim to seeing oneself as a survivor.  Thinking like a survivor helps you marshal the resources needed to sure up your family now and your finances over time.

8)Conditions like major depression and panic disorder and symptoms like insomnia are among the most treatable in psychiatry.  If you are suffering in these ways, tell your family doctor or a mental health care provider.  Psychotherapy and medication (when indicated) work in over 90 percent of cases.

9) It’s important to take stock of your “assets.”  Are you healthy?  Are your children healthy?  Are they attending school without serious difficulty?  Again, while home ownership is a wonderful part of life, it pales in comparison to other gifts of stability your family may be enjoying right now.

10) You can train your vision to look past today’s crisis to a better future.  This can mean something as simple as opening a new savings account with a tiny deposit.  The concrete intention to begin rebuilding your financial position can help you feel like you have psychological momentum on your side, or will again soon.

  1. 143 Responses to “Fight Foreclosure Fight Stress”

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