The latest recession might make people think twice about their spending and saving habits. It might even make them re-evaluate what is important in life.  What it shouldn’t do is create a fear of money.

In Dan Kennedy’s article, What to Expect, As We Transition From Recession to New Economy, (which is excerpted from his new book, No B.S. Wealth Attraction in the New Economy,) he provides some great insight into fears and the impact on wealth.  According to Mr. Kennedy, “you should be prudent about money. You can’t afford to be fearful about money.”

He talked about the effect the Great Depression had on many people who lived through it.  They started to hoard food and money and became adverse to debt.  They would rather “fix it” than “replace it.”  There isn’t anything necessarily wrong with being cautious with money; problems start to arise when a genuine fear or paranoia develops.

Most people can stand to be a little more prudent with their money, but money fears should never dictate the choices that are made.  It is not healthy and it will keep you from pursuing opportunities that will build wealth.

If you want to thrive in the “New Economy,” don’t let fear govern you. Instead, “combine the never-changing principles and forces governing the movement of money with rational thought, reasoned optimism, creative vision, sound and timely strategy, and aggressive opportunism.”

Don’t sit back and watch other people build their wealth. Put your fears aside and search for new opportunities.

To find out where the smart Northern Virginia business owners are gathering, visit Glazer-Kennedy-Virginia.com.