I lost a lot of my wealth in the recession too.

What should I do - becoming scared like shit and stop living my life?

Recession is just a normal cause of life. We will get out of it sooner or later.

Most of us are in our 30s and 40s, that's the best years of our lives. If you spend all that time trying to scare yourself or being scared by other people or being frugal to your family, what a shame!