Depression

One kind of depression leads to the other. One is the Great Depression that was witnessed in 1929 and as a result of which the entire financial system of governments, corporations and households was thrown out of gear. People were in dire straits, not knowing what to do to keep their economic setup from falling apart. Once again in 2008, we have begun to go through a similar situation. Jobs are being lost, income streams are curtailed, prices of things that we need for day to day life are climbing, creditors are making the lives of the debtors miserable and hope is diminishing in the hearts of the majority of the people. In times of adversity, human mind begins to perceive situations as far worse than they actually are. People become like the fly which keeps banging with the windshield inside a car, struggling to find a way to go out. In her acute desperation, the fly fails to notice that one of the rear windows is open and flying out of the car is quite possible. In times of trouble, human mind stops working efficiently just the same way. Possibilities appear to be fewer and even nonexistent. Disappointment mounts every passing day. Prolonged mental distress leads to emotional depressions. Then people tend to resort to extreme steps like suicide. But that is not a thing worthy of doing. Any one can die. But to live needs courage. Whatever the situation, we must review it and learn our lessons with the commitment of not repeating the same mistakes again. What is the one lesson that the current financial turmoil has taught us? AVOID DEBT. Live within your means. Don’t buy what you cannot pay for with your own cash. The surest way to establish your credit is to work yourself into the position of not needing any. Debt is slavery. Be free.