Do you have a fear of money or financial anxiety? The more I see people talk about money, the more I see how scared we are of it.
Finances are a loaded topic, and we often hear that the rich are sneaky with money and the poor are bad with money.
We’re led to believe that money is hard to master some people are just naturally better at making it, but really every negative thought boils down to fear.
We’re afraid of money conversations because we haven’t had them with ourselves first. Secondly our families may not have had them with us.
Remove the uneasiness and allow yourself to discuss these topics openly.
Most people worry about money, and some of them even develop a fear of spending money. Americans think and worry about money most of the time.
The average American household is 77% in debt. That’s A LOT!
Don’t Let Fear Be Your Money Killer “Fear defeats more people than any other one thing in the world.”
Ralph Waldo Emerson
Most people in debt fear the future which is normal.
When I talk to people about money, here are the most common words they use to describe it:
Anxious, Stressed, Is it too late, It is complicated, etc.
(What words or fears come to mind for you?)
How can we change to improve our money mindset:
- Create weekly appointments to check on your finances- Create a spreadsheet and log your weekly financial transactions. Track your income: My income tracker can help.
- Start a regular savings plan- Create a savings challenge for yourself. Start off small with a $1 a day or week to build momentum.
- Learn more about Money and Find New Sources of Income– Check out books at your local library or online. Download a side hustle app like Survey Merchandise (referral code stevenfTQ43) or Field Agent (Referral code 63bpyqy)
- Rember why you’re doing this- Journal about your triumphs and struggles or create a vision board.
- Share your Financial Goals- If you feel comfortable ask a family member or close friend to help you.
- Celebrate your Successes- Create a small reward system to continue your motivation.
Final Thoughts:
Identify how you want your new relationship with money to occur.
What is your WHY?
Put a plan in place and move forward. New Day New You!
Journal about it, vision board about it, or tell a friend who’s great at keeping you accountable.
Keeping a mindset of abundance is key to anyone who’s willing to work for it.
The internal question is if you didn’t have a fear of money, what would you be doing or accomplishing? Share in the comments
Additional Resources:
https://www.bankrate.com/personal-finance/debt/average-american-debt/
