There is a lot going on in the world, but you still have control over how you approach your career.
There is a lot of talk about the possibility of the U.S. heading into a recession. Whether it actually happens or not remains to be seen. And worrying about it will not help you. Continue focusing on the things in your life that you can control. Demonstrate leadership, and keep a level head. Here are three habits to continue should there be a recession:
1. Continue to save on finances.
If you are hearing in the news that there may be a recession and the first thing you say to yourself is that you need to save money, you may be in a precarious situation. You should always be saving a certain amount of money so that you can weather life events. Continue your savings habit.
2. Maintain perspective.
When people hear the word “recession,” many people get scared. Recessions are contractions of economic activity, so people equate recessions with losing jobs and money. And people get emotional when money is involved.
Seeing your savings decrease is not fun. It can be devastating to be laid off from a job. Remember that recessions don’t last forever. Recessions end with the return of growth. Economies eventually correct themselves.
When the economy first returns to a growth phase, it can be euphoric if business increases by a large margin and your 401(k) jumps substantially.
You wish that roller coasters were only in theme parks. But they are in real life, too. You have to experience the dips to experience the highs.
3. Keep investing in yourself and others.
Do not let a recession stop you from improving yourself or allowing others the chance to grow. Keep investing in your professional development by learning new skills. If you are a manager, keep giving people opportunities to stretch themselves.
Despite the possible shift in priorities, keep investing in people.
The world continues to change, and those changes may not always go your way. Still, you have control over your life and your career. Continue to save money, keep a level head and invest in yourself and other people. Don’t let external forces veer you off course.
What steps do you take to remain steady amidst societal change?
