Ask anyone about their goals in life and chances are, most will tell you that wealth is one of them. According to a recent survey from Empower financial services, achieving financial independence is a priority for over 67% of Americans.[1] Unfortunately, almost ¼ of them don’t feel that they’re there.
Not being financially independent or secure is a terrible feeling. That same survey found that despite having substantial financial aspirations for the future, the majority of Americans experience extreme financial stress. Over 72% reported that they currently stress over their finances at least once per month and nearly 1 in 5 said they worry about money daily.
Over half (57%) of Americans reported still relying on family members for financial support and 54% said they couldn’t envision themselves ever being able to pay their bills without assistance.
This is no way to live. When you go to work every day and work your fingers to the bone to earn a living, you shouldn’t have to worry about being able to pay your bills and support your family. There needs to be a sustainable way to deal with financial stress and put yourself in a position where you no longer have to worry about finances.
As it turns out, there is. The Neothink Society teaches you how to achieve financial freedom without sacrificing your core values. It is possible to have lasting wealth and never again experience financial distress. We’ll show you how.
What is Financial Stress?
When we talk about financial stress, it’s important to define it so there’s a solid understanding for future reference. Financial stress refers to not knowing whether or not we can meet our financial responsibilities, whether for ourselves or others.
People who deal with financial stress may come into it from various places. Some are born into uncertain financial situations due to life circumstances. Others make poor investment choices, are living beyond their means, or perhaps gamble away their savings. Others still are saddled with high medical bills or other costs they didn’t prepare for.
No matter how you find yourself in this situation, one thing is for certain: handling financial stress is taxing, both literally and figuratively.
Why Do We Stress About Finances?
Exploring financial stress a bit further, we go into why we stress about finances. In a perfect world (i.e., Immortalis), we wouldn’t have to worry about taxes and extraneous costs, most of which contribute to our general sense of unhappiness and distress.
Unfortunately, we’re not quite there yet so it’s imperative that we address the very legitimate reasons people stress about money. Some of these reasons include:
- Job loss.
- Recent life change (having a child, purchasing a home, grappling with medical expenses, caring for a sick loved one, etc.).
- How you were raised – being raised with a scarcity mentality often leads people to stress about finances whether they need to or not.
- You don’t know how to manage your finances. No one ever taught you how to do it correctly.
Why Financial Stress is a Problem
It’s clear that financial stress is problematic, but just how much of an issue is it really? According to an American Psychological Association (APA) study, over 70% of Americans reported concern about money.[2] This was even before the onset of the COVID-19 Pandemic, which spurred a whole host of additional financial woes for people everywhere.
Stressing about your finances isn’t just bad for your wallet. It’s also detrimental to your mental, physical, and emotional well-being. Financial health is so deeply tied to our ability to meet our core survival needs. In some cases, not being in a healthy financial state can lead to:
- Damage to self-esteem, shame, anger, fear, or despair
- Trouble sleeping, low energy, or change in weight
- Physical health issues
- Difficultly maintaining relationships or keeping an active social life
- Substance abuse
- Suicidal thoughts and behaviors
- And so much more
How to Deal With Financial Stress – and break free from it once and for all
With a solid understanding of why financial stress is a problem, the next step is to learn what to do about it. That’s where Neothink comes in. Our coaching, courses, and programs equip you with the tools you need to walk away from financial stress once and for all. With a newfound sense of financial security, financial freedom, and financial independence, you become the arbiter of your own fate. We put you back in the control seat of your life so you can stop stressing and start living.
To deal with financial stress, you need to:
- Identify its source: why are you stressed about your finances?
- Seek professional guidance. This doesn’t need to be with a certified financial professional. It simply needs to be with someone who has been where you are.
- Align your passion with your career.
- Become an entrepreneur.
- Focus on creating value, as that is fundamental to building wealth.
- Think long-term and set long term goals
These steps are straightforward but figuring out how each one works can be challenging to do on your own. Connecting with a community of individuals who understand your plight and are committed to helping you progress forward is where the real change happens.
Building & Achieving Wealth
Once you realize that you don’t have to live in a state of constant financial distress, a whole new world of possibilities opens up. The real key to never experiencing financial stress ever again is to learn how to build and sustain long-term wealth. Taking control of your financial future by becoming an entrepreneur can be life changing.
At The Neothink Society, we have specific programs to teach you how to get there. Neothink University’s Prosperity Pathway teaches financial freedom, explaining how it is a key component of a prosperous life. This pathway provides practical steps and advice to help you achieve financial independence. Our coaching programs, clubhouses, and community events connect you with like-minded individuals who can further help guide you on this path.
Now is the time to step away from worry and step into your very own extraordinary life. Join Neothink and see what lies ahead.
[1] https://www.empower.com/the-currency/money/research-financial-independence
[2] https://jedfoundation.org/resource/how-to-deal-with-financial-stress/
