In a Time of Crisis- Mind Shift From Consumer to Producer

As world stock markets fall, as entire states including California and New York shutter, and as people are confined to quarantine we are entering uncharted territory. Now is the time to shift your mindset from one of a passive consumer to an active and aware producer. It will make all the difference to how you weather this storm.

COVID-19 has razed world markets. Financial analysts are comparing this market downturn to both 2008 and 1929, and the total paper losses are currently in the trillions of dollars. Large investment firms including JP Morgan Chase are anticipating up to a 24% reduction in GDP, which is astounding. Companies large and small in the restaurant, hospitality, entertainment and travel industries are laying off thousands of people, and our unemployment rate could rise to almost 10% in short order. If we learned anything from the Great Recession of 2008, it was that survival is predicated on growth and deliberate action.

New York and California are on lockdown. Non-essential workers are being told to stay home and essential economic activity is being curtailed. Massive companies including Ford, GM and Fiat Motors have shuttered their factories. In short, we are entering a period of unknown anxiety and a loss of confidence.

What can we do in the face of global retracement? We need to shift our focus from consumption to production. Those in quarantine need to focus on self improvement and production of content and value instead of bringing Netfilx and eating overpriced- take out food. Frugality and survival skills are important now. Steel yourself.

What can those in quarantine do?

Take a Udemy course

Signup at Hive.io and start blogging

Signup for every airdrop you can. Use Reddit's airdrop page and the Free Airdop app to learn about them.

Focus on frugality and reducing bills.

Sharpen your sense of awareness. Kick off your auto pilot and be international.

Get into shape. Immediately. Cut the carbs, exercise, do pushups and burpees inside your living space.

Make videos for the Library Credits Project

Plant a garden.

Learn to cook nutritious and easy meals.

Let's change our focus from consumption of entertainment to production.

Originally published in my Publish0x account I own at:

https://www.publish0x.com/introducing-myself-on-publish0x-wstanley224/in-a-time-of-crisis-mind-shift-from-consumer-to-producer-xndjpq

Also published in my Hive.io account I own at anarchy999.

Sources:

Picture from Pixabay.

https://www.zerohedge.com/economics/second-great-depression-begins-goldman-now-expects-record-24-crash-q2-gdp-sees-9

https://finance-yahoo-com.cdn.ampproject.org/v/s/finance.yahoo.com/amphtml/news/coronavirus-update-new-york-california-take-drastic-measures-as-us-cases-skyrocket-171823088.html?amp_js_v=a2&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15847385624468&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&ampshare=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fcoronavirus-update-new-york-california-take-drastic-measures-as-us-cases-skyrocket-171823088.html