Marketing Made Simple #175: The Financial Therapy You Didn’t Know You Needed
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Sep 25, 2024 Money stress affects many, especially business owners. Discover how aligning finances with core values can relieve this pressure. Emotional well-being is closely tied to good financial decisions. Learn practical ways to identify personal values and integrate them into financial choices. The conversation highlights the interplay of personal and business values, emphasizing a holistic approach. Tune in for strategies to navigate financial emotions and make your money work better for you!
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Stress and Finances
- Physiological stress from financial uncertainty can impair decision-making.
- This "fight or flight" response makes us focus on the present, hindering long-term planning.
Managing Financial Stress
- Get organized and increase financial literacy to manage money stress.
- Focus on "investible assets" like cash and retirement accounts, not illiquid assets like property or businesses.
Investible Assets
- Investible assets provide financial security and certainty for long-term goals.
- They are a more reliable measure of financial worth than total assets, which can fluctuate.