Financial Anxiety

Why you have it and what to do about it.

 Financial stress is a response to a specific, often temporary, financial problem that can be resolved through specific action. As an example, you are about to close on a home purchase and are uncertain if loan underwriting will be completed in time.  These stressors can be quickly alleviated with the right course of action and often resolve themselves in time.

Financial anxiety involves more pervasive worry that can paralyze action, making it difficult to address the core of a financial issue.  We may not even be conscious of our anxiety, but it manifests itself through a general discomfort that can lead to suboptimal decision making. 

Think of someone desperate to earn the approval of another, and in doing so unnaturally acquaint themselves with avarice.  While not necessarily financially devastating, it can lead someone down a path into personal ruin. 

It’s important to confront your anxiety to address its genesis.  Only then can you begin to improve the quality of your life and move on to the next stage of your development. 

This is the topic of discussion in today’s episode.  Ben and Brent talk about how they’ve addressed financial anxiety and what to do when you inevitably face this ubiquitous force.  

 

Sources: 

https://www.kitces.com/blog/distinguish-financial-stress-from-anxiety-and-client-communication-strategies-to-help/

 

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About your Hosts

 

Ben Jones

Managing Director, National Wealth Management Group

www.nwmgadvisors.com 

Sign up for Ben’s newsletter at www.karastick.com 

Follow him on X @thekaratstick

https://www.linkedin.com/in/ben-nwmg/

 

Brent Gargano, CFPⓇ

Founder & Advisor, Infinite Wealth Planning 

www.infinitewealthplanning.com

linkedin.com/in/brent-gargano-cfp®-2067b573

Learn more about Brent and follow his newsletter --> https://infinitewealthplanning.net/about-us/#founder

 

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Editor

 

Trevor Gargano

Financial Advisor Marketer

[e-mail]

https://www.linkedin.com/in/trevor-gargano-72727b67/

 

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Disclosure:

 

 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. 

Advisors associated with National Wealth Management Group may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of National Wealth Management Group; or (2) solely investment advisor representatives of National Wealth Management Group, and not affiliated with LPL Financial. Investment advice offered through National Wealth Management Group, a registered investment advisor and separate entity from LPL Financial.

​The information presented is for educational and informational purposes only and is not intended as a recommendation or specific advice.