3 Enlightening Questions That Can Shore up Financial Confidence in LifeJul 22, 2022
Money is an essential part of everyday life. So much so that it’s impossible to escape its influence. On a certain level though, this widespread impact of money has a negative psychological effect on people. Because making mistakes with money, equals bad consequences. While it’s perfectly reasonable for people to find money intimidating, this shouldn’t stipulate that money and anxiety go hand-in-hand. After all, a lack of financial confidence can get in the way of wealth creation.
Money Can Only Be Multiplied Through Intrepidness:
Certified Financial Planner Kathy Longo suggests that “When you take proactive steps toward building your financial confidence, you can begin to let go of some of the fears that are holding you back from making financial decisions – and from achieving your dreams. When you feel anxiety related to money, it can be difficult to talk openly about it, or even to seek help if necessary.” Here are a few soul-searching questions that can gently nudge you towards enriching financial confidence:
1. Do I know Everything there is To Know About Money?
People often make mistakes with money, simply because they don’t know any better. They might not know how bank accounts work, or how credit cards work, or how to budget, and so on. If you ever find yourself dealing with a financial dynamic you don’t understand, simply Google it, and start learning. Expanding your knowledge step by step will gradually improve the way you handle money.
2. Am I Terrified of Looking at My Credit Card Statements?
One of the worst things you can ever do with money is buried your head in the sand. Unfortunately, this is exactly what happens with people and credit card debt. The more facts you have about your financial situation, the better positioned you’ll be to achieve progress. This is precisely why people should always be brave enough to face the truth about money. Even when the truth hurts.
3. Do I Think Money is the Root of All Evil?
The majority of people in society are taught to perceive money as evil or dangerous. But demonizing money will only fuel the anxiety associated with it. Money isn’t the root of all evil – the way people use money is what determines evil outcomes. This is a very important concept to understand when dealing with finances.
Financial confidence is an important trait to possess. Without it, people misunderstand and misuse money. Almost pathologically. On the other hand, financial confidence leads people to save money. With the right perspective in your mind, financial confidence will enable you to manage money in productive ways. If you like what you just read from our blog, you’ll love the various informative courses, workshops, and events listed on our websites and social media. Whether you’re interested in personal development, health and wellness, bettering your relationships, or the overall improvement of your business, give us a call at 1 (800) 913-0222 to find out how Richard Martinez can help you break past your daily struggles and start soaring in success.
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