How To Feel Satisfied With Your Economic Situation

By Stephanie Powers | June 02, 2009 AAA

Immediate gratification is not a sin. Most people want it and it isn't just for kids. In their book "Boom: Marketing to the Ultimate Power Consumer, the Baby-Boomer Woman", authors Mary Brown and Carol Orsborn describe the female baby boomer's need for immediate gratification. William D. Novelli, CEO of AARP calls it "speed of value". Don't let marketers steal your joy. You can save for the future and keep the economy afloat with your share of consumerism. Here's how:

Harness Happiness Brain Chemicals
The psychological theory of neuro-linguistic programming uses powerful brain prompts to control thinking. Basically, you can psych yourself into feeling happy. Basically, it's easier to think of new ways to change your situation if you don't waste your time focusing on bad stuff.

Take Charge Of Your Economics
Don't wait around for someone to tell you the economy is getting better in order to feel good about your finances. Regardless of what the economy is doing, you can change your own personal outlook on the situation. Assume things will eventually get better and start acting like it will. Think positive!

Keep looking for ways you can profit from an economic upturn and be ready to act on it. You don't have to feel guilty about it either. For example, trim that long list of stuff you want to buy but can't afford. Keep a top ten list and don't add a new item until you've taken one off the list. (Learn more in Gauging Major Turns With Psychology.)

Change Your Mindset
Understand that rich does not mean happy. Ever hear people who come from humble beginnings say they never knew they were poor? That's because they never felt "in need". Evaluate which things in life are truly necessary and which are just luxury. Practice appreciation; you will realize the wealth you have - no matter how much money is in your wallet.

The key to feeling satisfied right now is itemizing and prioritizing. Don't take the pennies for granted, but don't count them as if they are your only source of happiness. Don't focus on the numbers, but on how you feel. Make decisions regarding the most important things and celebrate every step you make towards them. Don't wait, do it now! (You might also want to read Consumer Confidence: A Killer Statistic.)

Related Articles
  1. Economics

    How A Limited Government Affects A Country's ...

  2. Investing has its ups and downs, but financial advisers can do much to prepare their clients and their clients' portfolios for such volatility.
    Investing Basics

    How Advisors Can Help Clients Stomach ...

  3. Much has been said about using trend analysis to gauge the market, but what do we really know about the concept
    Charts & Patterns

    (Un)Mapping the Trend

  4. Trading Strategies

    Technical Analysis Strategies for Beginners

  5. Trading Strategies

    Traits of an Elite Trader

Trading Center