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 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 forget about the triggers associated with stress. What are some of the triggers that bring rise to financial stress, you may wonder? These include, but aren't limited to, uneven expenses and income and a lack of education when it comes to money. Causes tend to vary from person to person, but this doesn't change the fact that recognizing them is vital. Otherwise, you will end up experiencing this level of stress when you don't have to.
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 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 forget about the triggers associated with stress. What are some of the triggers that bring rise to financial stress, you may wonder? These include, but aren't limited to, uneven expenses and income and a lack of education when it comes to money. Causes tend to vary from person to person, but this doesn't change the fact that recognizing them is vital. Otherwise, you will end up experiencing this level of stress when you don't have to.
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