The Alarming Rise of "Money" Dysmorphia

Welcome to another eye-opening episode of the Building Your Money Machine Show. Today, we're tackling an increasingly prevalent issue that I call "money dysmorphia"—a financial anxiety condition affecting so many of us, no matter our financial standing. This episode delves into how financial stress can lead to isolation, strained relationships, and even impact your physical health. Financial wellness is the critical link between your mental and physical well-being—something we can't afford to ignore.

The rise of financial anxiety, exacerbated by social media comparisons, is affecting nearly one-third of Americans today. It’s not just an abstract number; it's real people, including 43% of Gen Z and 41% of millennials, dealing with this every day.

We delve into the symptoms of money dysmorphia, where your perception of financial health becomes distorted despite having savings and income. Examples include older adults fearing to spend their substantial savings, and younger professionals obsessively checking their accounts, avoiding social interactions, despite being financially secure.

IN TODAY’S EPISODE, I DISCUSS:

• How financial stress affects your life and relationships
• The concept of money dysmorphia and its real-world impact
• Steps to mitigate financial anxiety and rationalize your fear
• Seeking professional support from financial coaches or therapists
• Balancing financial saving with enjoying your wealth through planned “joy points”

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• Ten Tiny Habits That Build Real Wealth (REALISTIC)
• Why A Million Dollars Doesn't Make You Rich
• The F.U.N.D. Method For Building & Managing Your Emergency Fund
• Why Smart People Are Not Always Rich
• Why The F.I.R.E Movement Is A Pipe-dream

RECOMMENDED VIDEOS FOR YOU
 
If you liked this video, you'll love these ones:

• Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg 
• Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 
• The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag 
• Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A 

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