- A recent Northwestern Mutual study found that 28% of Millennials have financial anxiety that affects their job performance; twice that of the rest of the population.
- If you know you have money in the bank, you can give yourself peace of mind to know you can handle something if it comes up.
- If you don’t currently have money saved up somewhere, start now by saving a certain amount of money you determine every month, in an account that you do not touch.
- There is a big difference between having confidence in your knowledge of something, and having actual competence in it.
- To bridge the financial confidence to competence gap, you need to look at your dangers, opportunities, and strengths.
- Making good decisions about your money requires understanding your limitations, and sometimes seeking additional experienced help.
- When you have to make a financial decision that could have a long term effect on your financial future, you want to have a path and plan in place.
- Some of the big decisions you want to be clear about are taking on student debt, buying a house, a car, or any other expensive item, and looking at tax deductible and tax deferred options.
- Seeking counsel on putting a path and plan together from successful individuals and professionals versus asking your peers or going it alone, will ensure you make sound financial decisions.
- There are a lot of things in our lives that cause us to get distracted, to be unproductive, and to get frustrated and overwhelmed.
- Using the 4Ds – Do it, Delay it, Delegate it, and Destroy it – is a very helpful way to reduce the extra noise and work in our lives.
- Taking the time to identify our frustrations and distractions and then categorizing and organizing them can help us reorganize our lives and feel a lot better.