It’s a common and perhaps natural response to become fearful when things around you change, especially when you don’t have much control over what’s happening. Given the turmoil in the real estate and financial markets, this dynamic is playing out today in the lives of millions. Even as I write this blog post, I’m mildly anxious that my net worth is shrinking day by day.

In the current housing crisis, few places have been hit as hard as Phoenix, Arizona where home foreclosures are rampant. It seems that the media reports on it daily, with the only hope in sight being a fix by the federal government. And it’s not just housing. Almost everything is losing value these days.

I’ve always had an enormous amount of compassion for those who face difficult times, even as I’ve faced my own. And as I’ve anguished over life’s crises, whether spilled milk or a lost job, I’ve previously felt like I was somehow being wronged, or deserving an exemption of crisis. However, I now see these times as an opportunity to grow, deepen my gratitude and simplify my life.

Instead of wasting time and energy complaining, blaming or feeling immobilized, this can be a great time to take some action to improve the quality of your life.

1.  Turn off the television. If the political information overdose wasn’t enough, the economical news combined with the blood and guts in primetime might just push you over the edge. Instead, read a book, work on that project you’ve been putting off or engage in a fulfilling hobby that does not involve the TV.

2.  Reach out and touch someone. Reconnect with old friends, hand write a letter or volunteer. Since most people are in the same boat and concerned about life, building and solidifying your personal “community” can go a long way in garnering mutual support.

3.  Downsize and de-clutter. Getting rid of “stuff” is something I’ve always enjoyed. Junk belongs in one of two places – with the junk dealer or the landfill. And the good stuff you have to give away; that can go to help someone who is less fortunate than you right now.

Although you don’t control the economy, you can focus on productive and positive things that improve your life, while avoiding the negative “noise” that is all around you. When you do that, you’ll have more energy, confidence and enthusiasm to do the work necessary to survive and thrive.