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When financial distress hits, you notice one thing: people freeze.

The ease of accepting new thoughts and new ideas vanish. They resort to old thinking.

It’s probably a comfort thing. Once you’re stressed, you want to avoid more stress and new situations and new ideas can be uncomfortable and stressful.

We resist risk.

Unfortunately, this is the exact time that you should embrace risk. In the words of Kris Kristofferson by way of Janis Joplin.

Freedom’s just another word for nothin’ left  to lose.

And, perhaps, when you ain’t got nothing, you got everything to win.

If you feel this way, this is a time for a financial “beginner’s mind.”

Beginner’s mind is, according to Shunryu Suzuki, a supple, open mind, a mind that has not been closed by regimented thoughts and is not a slave to conventional thinking.

In the beginner’s mind there are many possibilities, but in the expert’s there are few.

When we speak of beginner’s mind in a financial sense, we’re talking about moving away from the blather of economic news and all the typical fears to delve into the opportunities that are available, or that can be made available by one’s own insights and efforts.

This, by the way, is the only way out of an economic crunch. No stimulus money will boost a mind that’s dulled. Lower interest rates mean nothing to the uninterested mind.

Whether you’re exploring new ways to make money, save money, or invest money, be open to new ways of thinking about these opportunities. Embrace the tools and technologies that are available.

Explore new paths. Or, build your own path to financial success.

Related posts:

1. The Financial Secrets of an Abundant Mind
2. Depression Solution Part 2: Derivatives and Financial Innovation
3. The Zen Of Personal Finance: Five Zen Precepts For Money Management
4. Challenging Conventional Wisdom with What Ifs
5. The Personal Financial Freedom Manifesto

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