No matter how little or how much we have of it, money can still create problems. For proof of this, all you have to do is consider the topic of financial stress, which many people suffer from. While some experience it more than others, even to the point where it prevents them from living life to the fullest, this doesn't change the fact that it's a serious problem. For a better understanding of how this can be alleviated, here are some do's & don'ts provided by Robert Jain.
DO set goals, starting with the smallest ones first. One of the best ways to alleviate financial stress, according to reputable names in finance like Bob Jain, is by setting goals that can be achieved. You want to make sure that the smaller ones take precedence, as they're the easiest ones to accomplish. From there, you can work your way up to the loftier ones. Cutting out coffee purchases is one thing, but building a savings account is an entirely different beast.
DON'T think that sleep doesn't matter. No matter how capable you think you are, when working off little to no sleep, problems can still arise. A lack of sleep impacts our quality of life in various ways, including the way that we complete work. However, this can become such an issue to the point where we worry about money, which is where financial stress comes into the picture. Needless to say, getting enough sleep each night is recommended.
DO pay off your debts as soon as possible. What are some of the debts that you must cover? Are you a former student with student loans? Do you have multiple credit cards that you have to pay off? Whatever the case may be, understanding the debts in question will help you pay them off sooner, which will make money less of an issue. The sooner that you clear the amounts that you owe, the less you'll experience financial stress.
DON'T let triggers of stress go unrecognized. You may be able to alleviate the symptoms of financial stress, but this doesn't mean that the causes will go away. Determine what's causing you financial stress in the first place. Is work a prominent factor? Did something happen in your personal life that resulted in money being tight? These are just a few examples, but knowing how to cure the causes will make this type of stress easier to cope with.
DO set goals, starting with the smallest ones first. One of the best ways to alleviate financial stress, according to reputable names in finance like Bob Jain, is by setting goals that can be achieved. You want to make sure that the smaller ones take precedence, as they're the easiest ones to accomplish. From there, you can work your way up to the loftier ones. Cutting out coffee purchases is one thing, but building a savings account is an entirely different beast.
DON'T think that sleep doesn't matter. No matter how capable you think you are, when working off little to no sleep, problems can still arise. A lack of sleep impacts our quality of life in various ways, including the way that we complete work. However, this can become such an issue to the point where we worry about money, which is where financial stress comes into the picture. Needless to say, getting enough sleep each night is recommended.
DO pay off your debts as soon as possible. What are some of the debts that you must cover? Are you a former student with student loans? Do you have multiple credit cards that you have to pay off? Whatever the case may be, understanding the debts in question will help you pay them off sooner, which will make money less of an issue. The sooner that you clear the amounts that you owe, the less you'll experience financial stress.
DON'T let triggers of stress go unrecognized. You may be able to alleviate the symptoms of financial stress, but this doesn't mean that the causes will go away. Determine what's causing you financial stress in the first place. Is work a prominent factor? Did something happen in your personal life that resulted in money being tight? These are just a few examples, but knowing how to cure the causes will make this type of stress easier to cope with.
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