Episode 94: How Should I Deal with Financial Stress?
Have your question answered on the Money Wisdom Question Series!
Today’s question addresses financial stress, specifically how to manage it effectively.
Simple Steps to Conquer Financial Stress
I’m a financial planner, so it comes as no surprise that my answer to this question is: the easiest way to deal with financial stress is just to put a plan in place.
Financial planning does not have to be this big complicated process of numbers, graphs and charts. Everyone’s plan is different and when it comes to financial stress, again the easiest way to deal with that is just by taking a step back and focusing on what you can actually control.
Stress Less, Plan More
Given the constant barrage of news and the overwhelming information we encounter daily, it’s crucial to focus on what you can control. Take a moment to identify any financial stressors and develop a plan to address them immediately. Don’t wait for the future; establish actionable steps today.
With each paycheck, month, or week that passes, ensure you are implementing your plan. Whether it’s saving money, making contributions, or paying off liabilities, consistently target and manage the financial aspects that cause you stress. This proactive approach can significantly alleviate your financial burdens.
Plan, Act, and Focus
Again, today’s question is, “How do I address and manage financial stress?” The most effective approach is to create a plan, address the specifics within that plan, take actionable steps, and concentrate on the aspects within your control.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.
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