3 Tips for Letting Go of Your Financial Fears

SEPTEMBER 9, 2014
NYC_FOG_GARRET_OLEDZKI

Photo by Garret Oledzki

When I graduated from college in 2010 I was met with a horrendous job market, six months of unemployment and constant media stories about how screwed my generation was.

Everything I’d ever been taught about money, success, and a career went up in smoke in a matter of two weeks back in 2008. Of course, I didn’t realize the magnitude of it all until I graduated two years later and had all my financial fears thrown in my face.

I moved back home. I spent hours searching through barren job boards. I started having panic attacks. I questioned my self-worth. Worst of all, I felt victimized by people, corporations, and the government for getting me into this mess.

Then, something incredible happened. I decided to stop being a victim of my circumstances. This very small action opened the doors to entrepreneurship by means of freelance writing.

Fast forward a few years later and I now run a coaching business where I help millennials face their financial fears and change their money mindset. I’ve got an Amazon bestselling book and run a very popular blog for millennials. I make more money than I ever did at a regular job and I love every second of what I do.

I don’t say this to brag (though I am very unapologetic about it). I say this to show you that you can come out the other side of financial fears to create the life you actually want.

Below you’ll find the three keys I teach coaching clients to help them let go of their own financial fears.

 

1. Figure out what you believe about money…and change it.

It’s no secret that we live in a world that puts a lot of importance on financial matters. It’s also no secret that the media thrives on stories of financial lack. Add on top of that our friends and family who all have their own financial issues and it’s no wonder we’re always miserable when it comes to money!

You must figure out what you truly believe about money and what stories belong to someone else. Take out a blank piece of paper and write out every single thing that comes to mind about money. Then, figure out what you actually believe and what stories you got from someone else.

Once you’ve figured out your own stories you can work on changing them. As for the rest, just forgive them and let them go.

 

2. Meditate on Money

I tend to think meditation saved my financial life. I discovered the concept in the midst of panic attacks after reading The Art of Happiness  by the Dalai Lama. At that point I would have tried anything to calm my nerves.

Being able to still your mind isn’t just good for your physical health, it’s good for your mind as well. The idea to look into freelance writing came from a moment of stillness. Every subsequent action since then has come from similar moments of stillness.

If you’re new to meditating or want to learn how to meditate on money feel free to sign up for my free 5 day Abundance Meditation Series.

 

3. Equate financial care to self-care.

We go to the gym to work out our bodies because we love ourselves. The same concept can apply to our budgets. Once we see taking care of our finances as taking care of ourselves it takes away the scariness of it all.

Here are some examples of what you can do:

•   Track the money that comes in every single day and say thanks

•   Go on a date with your budget (video on how to do that here)

•   Affirm “I am open to creative possibilities for abundance”

•   Set up a savings account

The reality is that financial fears are more in our minds than anywhere else. For those of us in first world countries this is especially true. By working on what you think about money you’ll be able to drastically change your financial situation.

 

Your email address will not be published. Required fields are marked *