If you turn on the news you’ll hear an endless series of talking heads and prognosticators discuss the “economic crisis”. On and on you’ll hear about the credit crunch, sub-prime mortgage mess and then some or another bailout designed to get us out of this disaster.

It seems that with every passing week more and more people are losing their jobs, their homes and their hope. Even those of us who are in a relatively secure position financially are starting to wonder, ‘will I be next?’. In some of my darker moments I wonder, ‘Can the stock market actually go to zero?’. The theoretical answer, of course, is yes. It is possible that every company in the US goes bankrupt, the currency devalues to keep up with Zimbabwe, we default on foreign debt and civil war breaks out.

Possible, but about as likely as a wall street executive passing up a bonus – that is to say, highly unlikely. This country has weathered far more severe recessions, even the great depression of the 1930s without complete collapse. Odds are we will do the same this time around.

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The proimise of an eventual recovery and return to prosperity is small comfort to anyone who is struggling to pay the bills. Harv Eker, renowned author and self-improvement coach advises that you emphatically declare that ‘the’ economy is not ‘your’ economy. The external circumstances do not define your personal economy or your ability to create value and wealth. Yet many of us fall into the trap of believing it does.

Our inner wealth measure is so finely calibrated to circumstances that we miss out on opportunities. In fact the current economic crisis provides unprecedented opportunities to start a new and profitable business. Many competitors are running and hiding. Cutting costs and focusing on how to survive. As a new entrepreneur with a lower cost structure you have a distinct advantage in building market share. If you start now you’ll be well prepared for when the economy recovers again.

If you’re finding it hard to break out of the slump, I highly endorse Harv’s book ‘Secrets of the Millionaire Mind‘ and his three day seminar ‘The Millionaire Mind Intensive‘. Each of them will revitatlize your economic outlook and set you on the path for prosperity!