It’s all too easy to panic in the current economic environment, and it’s particularly important not to give in to that impulse, especially when you know that the stock market runs on fear, not logic. Some sound advice on keeping your cool from motivational advisor Chellie Campbell, excerpted from her book The Wealthy Spirit, and also appearing in her newsletter, “The Wealthy Spirit,” which you can sign up for at Chellie Campbell’s Financial Stress Reduction:

Relaxxxx. Breathe. Stay centered. Stay focused on what you want and not what you don’t want. This is the Law of Attraction and the hardest time to remember it is when you most need to remember it. This too shall pass, and the good times will come again. You only lose if you panic. Hold on!

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Chellie’s List of 6 Actions to Help You Be Rich and Happy:
• Double up on your affirmations. When you think positive, you look positive, and people are drawn to those who are happy and successful even during stressful situations. Here are a few of my favorites: 

“I am a successful money manager and always make smart financial decisions.”
“I invest wisely and well and all my investments pay me handsome rewards.”
“I am a winner. I win often and I win big!”

• Network! Support your fellow business owners and buy their goods and services. And then there will be people who can buy from you, too. Money has to circulate to keep an economy thriving. What goes around, comes around.

• When stock prices are low, it’s a buying opportunity.

• When real estate prices are low, it’s a buying opportunity.

• Buy low and sell high – remember? Most people don’t, though. They buy when prices are high because they’re afraid they’ll be priced out of the market, then they sell when prices are low because they’re afraid they’re going to lose their investment. Don’t make fear-based decisions – make smart investment decisions.

• Invest in learning and growing. Take a class, get a coach, get support. Get solid professional advice from people you trust who have been through the up-and-down cycles in the economy before. Then follow it.

For more advice, see The Wealthy Spirit.