Has the holiday season bust your budget? Or has financial stress been plaguing you a fair bit longer than that? Either way, most of us have financial stress in one form or another.
Because money worry in the pit of your stomach is the last thing you need to start this decade with, and because it will happen to all of us, there are three things you need to know to help get you out of financial stress.
Wealth is a series of decisions we make throughout the day, and all these tiny decisions compound over time, and we ‘wake up’ at 65 wealthy or poor. There is a way out…
The three steps to getting out of financial stress are:
- [06.00] Know your two ‘whys’.
- Why are you in this position in the first place? (The ‘good’ reason vs the REAL reason)
- Why is it important to get through this period of financial stress? (Be clear on your values!)
- [15.39] Know that there is almost always a way out.
- Quick action you can take NOW: brainstorm a minimum of 20 solutions to your stress. This will get you into solutions mode. (This exercise requires EXTREME clarity, so be brutally honest with yourself) And then, be prepared to deeply engage with those options.
- [22.26] Know this one simple truth – it all comes down to an equation: you’re either going to have to earn more or spend less…
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Thrive Global – Three steps to feel in control of your financial stress
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- Two ways to make more money
- Earn $1000 sitting on the couch
Quotes from this episode
“What you focus on will get done” – Lisa Linfield
“It’s really important that we be honest with ourselves about how we spend our money, and those real reasons are worlds away from the good reasons that we tell ourselves. And until we get to those real reasons, we will never be able to change our pathway.” – Lisa Linfield
“That’s what it takes, from a financial perspective, to get back on track. It takes really cutting back.” – Lisa Linfield
“If your ‘whys’ are focused on the people you love most, you are more likely to be able to achieve the objective.” – Lisa Linfield
“There is a leaking energy hole in us when we know that our money’s not in order.” – Lisa Linfield
“Health teaches us so much about money, because every single day you’re not worrying about your health, it slips away.” – Lisa Linfield