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The Tom Ferry Podcast Experience

What’s Your Recession Story? | Mindset Monday

The Tom Ferry Podcast Experience

Tom Ferry

Education, Business, Self-improvement

4.71.1K Ratings

🗓️ 1 August 2022

⏱️ 1 minutes

🧾️ Download transcript

Summary

I always say that difficult economies make the best agents. But what does this economy mean for you? Is it a story that you’re living in or part of a story you’re writing for yourself? This is a moment that will be gone before you know it, so watch this and decide what story you want to tell.

Transcript

Click on a timestamp to play from that location

0:00.0

So we're in a recession. But my question is, what do you make in that mean? What's the story you're telling yourself?

0:07.0

I'm constantly challenging people to remember that this could be your second, your third, your fourth, fifth recession.

0:15.0

And every time it takes four to nine months and then sometimes up to a year and a half for the emotion to get back in gear.

0:23.0

But the reality is this is going to end. And my question for you is, can you have the perspective to say to yourself,

0:29.0

this is a moment in time, but in two years it's over. And in the totality of my life, in the dash of my life, from the day I was born to the day I passed,

0:37.0

this will be a micro moment. If you can keep that perspective, then you can do the second thing, which is to keep moving forward.

0:45.0

Ask yourself, how can I bring more value to people around me? How can I make sure that emotionally and mentally, I'm at my very best.

0:52.0

Maybe this is the time that I'm training harder, reading more books, studying more programs, doing everything I can to become better.

1:01.0

Because then when the market turns and it always does, you're infinitely better and not that person that's dug themselves into a hole and now it's hard for them to get out.

1:10.0

The market's just marketing along. The real question is, what are you committed to?

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