Advertising
Advertising

How to Stop Worrying About Money Even If You Don’t Earn Much

How to Stop Worrying About Money Even If You Don’t Earn Much

If you asked anyone to list their top 5 concerns, I’m confident money or finance would be up there. Salaries, loans, mortgages, debts, stocks, investments, or other financial concerns that you can name are concerns we ponder on a daily basis.

So how can I not think about my financial situation? You might ask. The answer is financial freedom.

Advertising

So What Is Financial Freedom?

Financial freedom, on paper, means not being tied to burdens or concerns financially. In other words, a financially free person spends their money without worrying when is the next paycheck coming or how to pay off debts and loans.

It does not mean acting cool or boast in front of your friends or proving a point to your family, but rather for you to sleep peacefully at night and wake up with positive thoughts, rather than thoughts: “I am desperately searching for money day 34”.

Advertising

How We Can Benefit from Having Financial Freedom

Unless you live only in the present day, and don’t think about the near future (which is not the smartest decision nowadays), there are only benefits in being financially free. Firstly, it’s your emotional freedom – your thoughts are not constantly stuck to your bank account and unpaid bills. Secondly, you are aware of your expenses (well the majority of them, because we all have unexpected bills) and profits. You know when you can splurge on something you crave or need and when you need to cut back. Thirdly, it lets you make long-term plans like summer holidays or that yoga retreat you’ve been dreaming about.

Financial Control Is Out of Your Reach? Here’s What To Do

Financial freedom will not happen overnight, and it might require doing some damage control as well. I have described a perfect scenario: you start with a solid base (your family) and go step-by-step. However, a lot of us go through a rocky road and get to the focusing point after a few positive and negative experiences. It is important that you are ready to start the path where you are willing to try hard and gain financial freedom. Let’s look at 5 ways to regain control of your finances:

Advertising

Turn your back on unnecessary loans

There are people out there who take loans for their wedding party. One day of fun and months of paying for it, is that really smart and logical? I understand we live only once and you will only have one (hopefully) wedding day, but there are definitely ways to work around it and have a small, but tasteful wedding. And this is just one of the many examples of unnecessary loans. Do not follow your momentary emotions and think about consequences, about conflicts that might arise and realize that it can all be avoided, if you sit and think smartly and thoroughly about a serious step you are about to make.

Think twice on purchases, buy on second thought

You don’t have to be a shopocholic to buy things you don’t need. At one point of time we all have been there. I am not talking about big purchases, because sometimes the small ones adds up to an even bigger amount. A t-shirt here, a trendy scarf there, endless phones cases (for every mood possible), do not even get me started on cosmetics (for girls) and for car/laptop/bike accessories (for guys). My advice is not to buy something right there on the spot with the first impulse, but think about it a little. Are you sure you need it? May be you already have a similar item? Just really think about, may be even sleep on it (if we are talking about an expensive item), that’s all I am suggesting.

Advertising

Avoid hooking on any harmful habits (it kills you and your wallet)

The price of addictive items is increasing drastically, however from what I know, it doesn’t make people fight their bad habits. People just carry on doing whatever they were doing, and the only thing that changes is the frequency of them complaining about prices which going up. It’s a matter of a simple math to find out how much you could have saved, if you were not involved in buying these addictive items. Just count how much you spend in a week/month/year on these items, and I’m telling you the number will surprise you.

Do things you like and enjoy and most importantly keep doing them

Have a habit of being active, and by active I mean work, physical activities and emotional activities. Everything that makes your brain work and your soul happy. Find out what kind of literature you enjoy and keep reading (let it be Vogue or comics, if that’s what you love), do sports (for example I’m in love with tennis), do something for your soul and mind (in my case it’s definitely yoga), hobbies are very important (I write, and hope one day it’ll turn into something more serious). You might think: “how will it give me financial freedom”? All these activities will teach you to stay sharp and energetic, and they will make you want to accomplish more and more.

Donate genuinely (sound awkward, doesn’t it?)

I understand that this point is making your finances go another direction. However, I am a firm believer that the more you give the more will come back. The trick is to be as genuine as possible when you make donations (by donations I mean not only money, it can be anythnig which help people in need). This is a rather philosophical approach, because you must set your mind on a thought that you truly want to help and do not hold on to whatever it is that you are giving away.

A combination of these tips will definitely create successful path for regaining your financial freedom or at least making it stronger. The best part is that once you make a habit out of these hints, it’ll become so natural for you to live peacefully without unnecessary worries.

More by this author

How to Stop Worrying About Money Even If You Don’t Earn Much Top 10 Best Anti-Bloating Foods That You Can Eat! Feel Anxious in Social Situations? Try These Methods 3 Places That Won Over My Heart 3 Things That Travelers Must Do While Traveling Abroad

Trending in Productivity

1 Your Beliefs About Success May Be Holding You Back 2 10 Websites To Learn Something New In 30 Minutes A Day 3 7 Most Difficult Languages In The World to Learn For English Speakers 4 7 Ways Learning a Language Will Make You a Better Person 5 8 Life-Changing Skills You Can Learn in Less Than 6 Months

Read Next

Advertising
Advertising
Advertising

Published on June 19, 2019

Your Beliefs About Success May Be Holding You Back

Your Beliefs About Success May Be Holding You Back
Pause for a moment and think about how you would describe success.

If your description is dominated by money or status, then your image of success is faulty.

For example, there are countless people who have these assets but don’t feel successful. Some of these people have enormous amounts of disposable income, but work so many hours during the day that they have no life beyond their work.

Would you regard these people as successful?

At first glance, I likely wouldn’t.

And, then there are the endless celebrities who go from fame to failure (think bankruptcy, addictions and worse).

Are they successful?

Probably not.

In truth, success is about happiness and fulfillment in life.

But, there is more than one definition of success. Just look at the above example of the person who worked too hard to spend their money. If they’re happy with their life, then we shouldn’t criticize their version of success.

So how about you? Do you have a clear definition of what success looks like for you?

If you don’t, you’ll be constantly chasing someone else’s idea of success, and could find yourself totally unfulfilled and miserable.

The good news is that over the next few minutes, I’m going to give you the tools you need to build a crystal clear picture of YOUR SUCCESS.

Positive Thinking

With the right attitude, anything can seem possible.

For instance, if you’re fed up with your job, but do nothing to change it, then you’ll likely be stuck there for years to come. But, if you see the job as a stepping stone to something bigger and better, then not only will you enjoy your work more, but you’ll have something positive to aim towards (e.g., a promotion or new job).

The example above demonstrates a little-known factor of success… suffering!

Yes, suffering may be a negative thing that most people go out of their way to avoid; but successful people use suffering as a springboard to big achievements. Mindset really does separate the losers from the winners.

Another thing you can do, is to gradually build up your positivity and confidence by tracking your progress towards your goals. And, each time you accomplish something – however small – be sure to celebrate it!

This is a great way to propel you towards success.

The Purpose of a Purpose

What is your purpose in life?

These are questions I suggest you spend some time thinking about. To help you find the answers, consider the following:

If you just seek a career, all you will find is a career.

But, if you seek a purpose, you’ll find something much more than a career – you’ll find your calling. And when you’ve found this, and you begin following it, you’ll be firmly in the middle of the happiness, satisfaction and success zone.

This is backed by science, with research showing that people who have a purpose and meaning in life have an increase in:[1]
  • Overall well-being
  • Mental and physical health
  • Resiliency
  • Self-esteem

But, don’t mistake seeking happiness and success as your purpose. These things are a natural result of following your purpose – but shouldn’t be your focal point.

Austrian Neurologist and Holocaust survivor Viktor Frankl said it well:

“It is the very pursuit of happiness, that thwarts happiness.”

What about YOUR purpose?

If you’re struggling to identify it, look for the things in your life that you’re good at, enthuse you, and provide a benefit to the world.

Becoming a Better You

Are your beliefs holding you back?

If yes, here are three things you can do RIGHT NOW to break out of your mind trap:

  1. Boost Your Confidence: you can do this by overcoming challenges that come your way. For example, if you have a fear of public speaking, face this challenge head-on by agreeing to do regular presentations for your company, or by joining a public speaking organization like Toastmasters International. Speak in public often enough, and your fear of it will plunge like a river going over a waterfall.
  2. Develop Healthy Habits: I’m talking about positive habits that will serve you day in, day out. Habits such as lifelong learning, eating well, and waking up early. When these things are automatic for you, you’ll reap incredible benefits from them. Take eating well, for example. You’ll feel better. You’ll look better. And you’ll have way more energy to make things happen in your life.
  3. Invoke the Magic of Goal Setting: Without goals, you’ll drift through life like a plastic bottle in the sea. But with goals, you’ll be like a 100m sprinter running towards the finishing line. Goals really are powerful tools. They’ll direct your focus and energy, and will allow you to track your progress in life. I recommend the SMART goal-setting method (find out about this here).

And, always remember… don’t compare yourself to others; only compare yourself to who you were yesterday.

Each step you take forward is making you a better version of you.

Success Is Self-Love

I encourage you to take the tips I’ve shared in this article and put them into action in your life. Ideally, starting right now!

Firstly, transform your mindset by facing up to challenges and overcoming them. Then spend time to discover your purpose. And, once you’ve found it – start following it.

Becoming a better version of you will take some time, but will be worth the wait. Not only will you reach into untapped potential in your life, but you’ll also develop respect and love for yourself along the way.

So don’t let your beliefs hold you back anymore. BREAK FREE from them and start enjoying a happy, healthy and successful life.

Featured photo credit: Razvan Chisu via unsplash.com

Reference

Read Next