Please read Chinese with BIG5The Top 5 Steps to Reduce Financial Stress
By : BY: Dr. Jill Ammon-Wexler
Money may not be the ¥Noot of all evil, but it is often the root of tremendous
personal, business and relationship stress in today£r world. People divorce over it.
Businesses collapse due to poor management of it. And entire societies collapse due
to poor distribution of it.
Our most recent website poll revealed that over 50% of our readers and visitors are
dealing with financial stress in one form of another. Whatever the cause -- stress
is stress. And our commitment is to bring you the best possible stress management
strategies and tools. So here are five financial strategies to help you take
charge of your financial world. They may seem simple or even old-fashioned, but they
work!
Step 1. Develop Positive ¤Šoney Awareness
The first step in enhancing your financial health is to build your money awareness:
Where does it come from? What are you spending it on? How much do you save?
Many, many people simply ¥Egnore how money flows through their life. They don£s
budget -- or they simply assume that money is, and will continue to be, a ¥Lroblem.
This actually ensures that it will continue to be a problem.
If you want more money in your life, you absolutely need to avoid being fearful
about any lack of money. Remember -- what we focus on actually builds stronger
neural circuits in our physical brain. Focusing on lack simply creates additional
stress. And stress prevents the clear, focused thinking you need to bring more money
into your life.
Consider making a commitment to become more aware of money in a positive way. Begin
to think of it as a resource to be managed and used wisely, and you will find you
have more money available than you thought you had.
Step 2. Adopt Abundance Consciousness
In spite of how we were programmed as children, money is neither ¥Phe root of all
evil, nor the ultimate source of happiness. Money is really just energy -- a tool
that can be squandered or ignored, or can be used to build a comfortable lifestyle.
It£r OK to desire a more comfortable, successful lifestyle. Having more abundance
in your life begins by wanting it! Examine your attitude toward money, financial
health, and prosperity. Money will not come to you if you have a rejecting or
fearful attitude toward it.
Some people end up creating money-challenged lifestyles because they refuse to be
responsible for how they handle their money. This can be corrected by simply
changing how they manage their relationship with their money.
Step 3. Develop a Spending Strategy
If you want increased prosperity and abundance, it£r important to learn to handle
your money more effectively. This starts with spending less than you make. This
simple (but often ignored) truth gets many people into debt over their heads.
Here£r a corrective strategy that can work wonders and will immediately reduce
your financial stress: Cut back your spending by 20 to 25%. Take a careful look at
your life, and you£kl find this IS possible. Pack a lunch, stop eating out, get a
video instead of going to the movie house, repair things rather than just trashing
them, and just plain live simpler!
It£r essential that you track your cash flow, and take control of your spending.
Create a budget and stick to it! If you£qe living on your credit cards, something
has to change. You£qe racing down a dead-end street, and might need some
professional help.
Step 4. Develop a Savings Strategy
Most financial experts recommend that you ¥Lay yourself first by saving a minimum
of 10% of your income. But the amount you save is not as important as developing
the habit of saving!
Even if you can only save 1% of your earnings just do it! And once you commit to
your savings strategy, stick to it every payday.
Step 5. Develop an Investment Plan
While you are building up your savings, commit some time to learning about
investing. Many community colleges have courses on stocks, real estate, commercial
property, starting a small business, and even investing in coins or collectibles.
Discover what interests you and go for it. But remember, you£kl always do best if
you follow your own natural interests (people have made fortunes in everything
even comic book trading).
The big goal is to learn to get your money working for you, so you don£s have to
work for it! And to achieve that goal, get your mind amped up to generate prosperity
and abundance mind power!
Come visit the exciting Self Discovery Community. Discover the most interesting,
unusual, stimulating and creative methods of self discovery on the web today! Free
sizzling weekly ezine, and the web's first Brain Gym ezone.
http://www.quantum-self.com
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