Today’s question relates to financial stress and in particular, how to deal with it.
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.
With everything going on in the news and with everything we hear at this point in our lives, it’s so important to focus on what you can control. Dive deep and pinpoint if there’s something that’s stressing you out regarding your finances and put a plan in place to address it. Not later on down the line, but determine what you can put in place today so that with every paycheck we receive, or with every month or week that goes by, we are designating some sort of a plan. Whether it’s money, a contribution, or paying off some sort of a liability that we have, putting a plan in place where you’re regularly attacking that pain point, attacking that element of your finances that is causing this stress for you.
Again, today’s question is “how do I address and deal with financial stress?” The easiest way to do this is by putting a plan in place, addressing that plan, creating an actionable event towards that plan, and focusing on the things that you can 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.
