I had the pleasure of speaking last Saturday at the IOB Self Care Symposium in NYC. It was put together by my good friend and long time ETTWomen member, Dixie Lincoln Nichols. The purpose was to have an open discussion about how women do not take time to care for themselves and also how stressed many women are and what they can do to take better care of themselves and reduce stress. My contribution to the panel was to offer tips on how they can take charge of their money and control stress caused by their finances.
Stress affects all of us for many different reasons. We all cope with stress differently so there is no one size fits all method to deal with it. We do know that if we do not find ways to relieve our stress it can make us physically sick. Another scary statistic is that 80% of women are stressed due to their finances. The #1 cause for heart attacks in women is caused by financial stress. Women tend to worry more and take on more of the responsibility for everything in their family. Just like we have to create healthy habits like exercise and eat healthy to make sure we stay physically fit, we can practice healthy financial habits to alleviate financial stress in our lives. Here are 3 strategies to help you relieve financial stress.
- Change your beliefs around money – Money is actually just an energy that comes and goes. We know that thoughts are things. Your brain can’t tell the difference if what you are telling it is true or not. If you are talking about money in a negative way that’s the energy that will surround you. Remember money makes good people better and bad people worse. You must develop a healthy relationship with money.
- Take responsibility for where you are – Admit to yourself that you are where you are because that is exactly where you should be. We all make small decisions on a daily basis which is why we are where we are. So just deal with it and forgive yourself. Educate yourself on the fundamentals of how money works and ultimately you will be able to make better decisions regarding your finances.
- Accept the things you cannot change – Why try to control the uncontrollable. That just makes us more stressed out and accomplishes nothing. Focus on what you can change and take action. The first thing you can do to make positive changes in your financial situation is talk to a financial professional and get your financial GPS. You need to identify exactly where you are in order to implement strategies to get you where you need to go.
Have you ever heard the expression that a goal that is not written down is just a wish? It is the same thing with your financial goals. Your financial GPS is a written plan you can follow so you can hit your financial goals. It is extremely important that you identify and are clear on your priorities. This will make it easier to gain clarity on what your financial goals really are. For example, is it really that designer bag or that fancy necklace that is a priority? Or is it more free time to spend with your family and to feel less stressed out? Also never forget to take time for yourself. It is so important as women to take some me time to energize our batteries so we can keep going! Make sure you include some time for yourself every day and write it in your planner. Stick to it just like you would stick to an appointment with a potential client. You will see how differently you deal with stress moving forward.
If you are having a hard time identifying your financial goals and you need some help CONTACT ME