How to Deal with Financial Fear -TPS260

Recently, I found out I need to spend $15,000 on dental work, and it set me thinking about financial fear. In this episode, I talk about how to understand that if you have financial fear, it has nothing to do with money, and I make suggestions for letting go of the fear and taking action.

Highlights

  • Money is a convenient place to park our fears.
  • When you are worried about money, you’re probably not seeing possibilities.
  • If you are open to opportunities and you take action to make things happen, you can generate more money.
  • If you want to generate more money, you have to figure out how it’s going to pay you and what you are going to offer.
  • People don’t just show up because you want them to. You have to take action.
  • It really helps to have someone to be accountable to in order to figure things out.
  • Sharing your ideas with someone else helps you evaluate your ideas.
  • When you are afraid of not having the money you need, you are assuming you won’t be able to meet your needs.
  • In order to overcome financial fear, you have to ask yourself if you are willing to do what you have to do to reach a new income level.
  • Are you afraid to change your financial position? Do you have the skills to move forward?
  • I see a lot of people who are stuck at an income level and they don’t have the ambition to do anything else.
  • The fear may be a habit?
  • If the fear is not about money, what are you really afraid of?
  • You have to get out of the fear and take action.
  • Connect to people to make taking action easier.
  • Fear is because you don’t know what the future holds.
  • You don’t need more money, you need more people.
  • Who are you reaching out to and are you building an email list?
  • If you are stuck in fear, it’s because you think you can’t solve your problem.
  • Keeping good financial records and managing your cash flow will help let go of your financial fear.

Links:

CareCredit: www.CareCredit.com

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