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Dealing with Bad News

5 ways to deal with bad news

How to deal with bad news

There’s a lot of bad news out there…rapidly rising interest rates, fewer loan proceeds for reverse mortgage borrowers, surging inflation, and an uncertain housing market. take your pick.

The bad news isn’t going away. So how do we deal with bad news in a healthy way? How do we respond and move forward?

1. Check any extreme emotions. As Napoleon said, “The first qualification of a general is a cool head”.

2. Contextualize the situation. For example, “when home values go up this rapidly, there’s always a chance of a reset or crash”. Or, “interest rates have been so low for so long it’s not surprising to see rates go back up”.

3. What can you do about it? Remember the locus of control? It’s identifying those things that we control and those we don’t. Don’t make things harder than they are by agonizing over things over which you have no control.

4. Find the silver lining. Nearly every negative circumstance carries a hidden benefit. Most of the time it’s an opportunity for us to develop our character and practice self-control further.

5. Visualize what bad news may bring and leave it. The great philosophers called this premeditatio melorum or the visualization of a potential worse-case scenario. This helps you be less shocked and immobilized by a negative circumstance. 

No one likes bad news but blaming others or letting ourselves become overwhelmed never helps. Instead, try these 5 ways of responding to bad news. The news may not change but we can.


Editor in Chief:
As a prominent commentator and Editor in Chief at, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
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