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 overlook the importance of sleep. If you aren't sleeping well, financial stress can develop further. After all, when you lack sufficient rest, your mental wellbeing will take a hit. Not only will you be unable to work at the level expected of you, but it's possible that the aforementioned type of stress can develop as well. The recommended number of hours of sleep is eight, so aim for this goal on a nightly basis.
DO consider the debts that must be paid off. These include, but aren't limited to, credit card statements and student loans. Of course, your situation will vary from others, which is why you must make note of all the debts you have to account for. By doing so, you can be more proactive in paying them off, covering more than simply the monthly minimum. From there, you'll be able to use your money for other purposes without the concern of falling into debt in the future.
DON'T overlook what causes stress in the first place. The causes of financial stress vary from person to person. Some people experience it as a result of their job. Others may have events occur in their personal lives that spawned the stress in question. No matter what the case may be, understanding the specific causes of financial stress will allow you to focus on them, thereby potentially allowing you to live a more stress-free life.
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 overlook the importance of sleep. If you aren't sleeping well, financial stress can develop further. After all, when you lack sufficient rest, your mental wellbeing will take a hit. Not only will you be unable to work at the level expected of you, but it's possible that the aforementioned type of stress can develop as well. The recommended number of hours of sleep is eight, so aim for this goal on a nightly basis.
DO consider the debts that must be paid off. These include, but aren't limited to, credit card statements and student loans. Of course, your situation will vary from others, which is why you must make note of all the debts you have to account for. By doing so, you can be more proactive in paying them off, covering more than simply the monthly minimum. From there, you'll be able to use your money for other purposes without the concern of falling into debt in the future.
DON'T overlook what causes stress in the first place. The causes of financial stress vary from person to person. Some people experience it as a result of their job. Others may have events occur in their personal lives that spawned the stress in question. No matter what the case may be, understanding the specific causes of financial stress will allow you to focus on them, thereby potentially allowing you to live a more stress-free life.
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