FinancialDominance.com

Fear of Not Knowing What You Want
Problem: You have a good job; you make a lot of money. Yet, you’re not satisfied with your life. You feel like something is missing.
Solution: Step back. Take a look at your life and what you’ve done so far and what you would like to do. Make a list of things that you’ve always wanted to do. Pick the most significant ones and work out steps to accomplish them. Use the money you make whenever needed.

Fear of Society and keeping up with the Jones
Problem: You make a good sum of money each month but your judgment and belief goes against spending too much of it. Yet, assuming that society won’t accept you the way you are, you proceed to spend large amounts on things you don’t even want or need.
Solution: Take a look at the bigger picture. Many years from now, how you lived is not going to count but how much you were able to save or invest will be vital to your well being. Make small but powerful decisions on how your lifestyle should change.

Fear That You May Go Broke
Problem: You’re scared stiff of falling ill or getting into an accident that will cause you to stop working and lose all your savings. You can’t have enough money right now.
Solution: Letting a probable situation affect your daily functioning is unhealthy. Every day living poses a little risk in some way, but it should not interfere in your life. Make sure you’re well-insured against potential situations and invest in a savings plan so that you can live a comfortable retired life.

Fear of Breaking Bad News about Money to Your Partner
Problem: You’ve been in debt for too long and it seems to be getting worse. You can’t let your partner know for fear of what they might say to you or what actions they might take.
Solution: Remember, your partner is just that, someone to stand with you and by you through every circumstance. It may come as a shock to them when you reveal the truth, but it is far better for them to know now, than later, when your financial standings get you into more trouble – like being denied a loan, mortgage, etc. Sit down together and make a long-term plan. Decide how to save and spend from now on, make detailed strategies and stick to them. It will help both of you in the long run.

Fear of Wealth
Problem: You’re entitled to a raise but you don’t know how to ask for it. Secretly, you think you don’t deserve it and that is what the bigger problem here is, probably.
Solution: Taking care of yourself is something you should be determined to do. Never be afraid to ask for something you know that you have earned. Make sure you are responsible for yourself and your future by accepting raises or inheritances passed down to you.

Fear of Taking Control
Problem: You know you have to start investing your money and save for the future. However, it all seems so intimidating that you’d rather not think about it now, although you know you’re wrong.
Solution: Start small. Read a few good books about investing and talk to a recommended financial consultant. Make a small investment and learn from it. Slowly explore and understand until you’re able to take bigger steps. Make sure you’ve got a savings plan too.
Overcoming these fears may not be the easiest task, but taking small, deliberate steps can get you through quicker than you realize!

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