Overcoming Financial Anxiety
By Todd Williams
When the term financial planning is used many people get
a sick and
sinking feeling.
Like math anxiety, financial anxiety can be debilitating.
Below are some tips to help alleviate your money anxiety.
1. Change your focus
Instead of thinking the financial
planning process is drudgery think
in terms of a treasure hunt. Everyone likes the idea of
finding treasure. When planning
your financial future you are either
finding hidden treasures by retracing
your steps to find where you have misplaced your
gold, or you are placing your treasure in a safe place
to use later. By changing your focus
of what your planning really entails,
you can think clearly and really concentrate on what
your goals are.
2. Have fun.
By having fun when managing your "golden
eggs",
you allow yourself to
be creative and look at opportunities in an optimistic
light. Think
of yourself as royalty or a salty ole pirate who has untold
riches of
silver and gold, fine linens and silks from far away lands.
Trinkets
specially made from hidden continents and various wonders
never
having been seen before. This is all yours, and you decide
how to
use it. When we enjoy what we do, we tend to spend more
time doing
it.
3. Relax
Financial trends are like tides of the ocean. Sometimes
the tide is
high, other times it is low. But the tide happens all
the time.
The most important thing to remember is that it is not
the
timing of the market that is important, but the time
in the market.
Plan for the long term.
Be patient, relax, and breathe. Don't over react to negative
information (low tide). Low tide may be the best time
to get into
the water.
4. Become an expert about yourself.
What is your attitude about money? Are you one who spends
aimlessly? Do you spend money you
don't have? Do you dream of the big
score and don't put anything away just in case?
By understanding your money habits you open the window
of opportunity to overcome perceived
money weaknesses. This allows you appropriately handle your anxiety.
Financial anxiety is real. Learning to manage your emotions about money is the first
step to
overcoming financial challenges you have.
Maximize
your dreams
Overcome
obstacles by organizing your life
Network
to net-worth
Enjoy
the moment
Yield
abundance
That is what having MONEY is all about.
The application of knowledge is wisdom
Todd A. Williams
Todd A. Williams is a money coach. He appears regularly
on ABC
affiliate Newschannel 5's "Good morning Cleveland."
Todd is the author of "And the cattle upon a thousand
hills; money
management for God's people." Visit his site to find
out how you can
get a free money tips newsletter at http://www.moneybytodd.com
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