sports psychologist & clinical psychology

Top 5 Ways to Deal with Financial Stress

John F. Murray, Ph.D.

John F. Murray, Ph.D.

In the last 13 years our country has seen plenty of ups and downs in the stock market including the devastating “.com bubble” at the beginning of the 21st century. Employment has sometimes been at rates that are comparable to that of the great depression, and there are numerous job positions and entire industries that are bordering on extinction because of technological advances.

Regardless of the number of zeroes that may be attached to your bottom line, it is likely that you and the people around you have all been put under some stress in this recent time period. This article names 5 of the best ways that you can cope with the psychological, economic, and family-related stresses that your finances bring into your life.

Seek Information and Greater Knowledge

While doing this may help to act as a distraction from your worries, this is not the only role that this plays in relieving stress from your life. Remember the old phrase “knowledge is power”? This is true in the practical sense and in that knowledge also helps to instill confidence in one’s self. Adding to your own confidence can be a stress reliever.

Here are two great articles on my website that I suggest reading that also deal with this general topic:

  1. Positives Hiding in Stock turmoil
  2. Stress: It’s Worse than You Think

Attend a Workshop or Seminar

There is a wide range of seminars and workshops being conducted out there that are intended to help relieve stress in your life (especially financial stress). I conduct some of these seminars myself with my clients and sometimes for the general public. Feel free to contact me if you would like to discuss setting up a seminar for your corporation or group. I can be reached at (561) 596-9898.

Join a Social Group or Network

It’s not just you out there, and I can assure you that you are not the only one asking the question of how to relieve the financial stress in your life. Don’t just join any group (although there are benefits to joining just about any positively-oriented group). Join a group that has a good leader, moderator, or psychologist who is qualified to help you.

Visit a Museum or Look at Other Art

I love giving this suggestion to my clients because almost everyone has some type of art that they can appreciate. You may like collecting or viewing paintings. Some people enjoy watching musicians play. The type of art that you like is almost inconsequential to the conversation. A geology professor might simply enjoy driving through the mountains and viewing the different rock layers that are visible (think of that as God’s art).

My personal preference for art is in mechanical wrist watches. Some of the watches that I have collected in the past have been artistic time pieces in their own right because of the way that they were crafted, but they have also had some historical significance to the sports world. I once had a 1955 Bulova wristwatch, for example, that was inscribed to Pee Wee Reese (Brooklyn Dodgers) after his team beat the NY Yankees in the World Series.

The type of art that you collect or appreciate is up to you. The role that this plays in your life will likely be much the same.

Become an Even More Avid Sports Fan

Don’t just work hard all day and allow this to be the only activity in your life. Showing your sports face as a fan and showing some passion for your team can help to relieve some of the financial stress in your life.

I hope that these 5 tips are helpful to my readers who are feeling an increase in stress due to their finances. Seek information, attend a workshop, join a social group, look at art, and become a more avid sports fan. I’m sorry that I haven’t told you how to decrease your stock market risk while maintaining a portfolio that was capable of earning 30% each year, but I hope that these tips will at least make life a little bit more pleasant while you are searching for someone who can do that for you.

If this is your first time visiting my website, please stop by the homepage for information about sports psychology. There are also sections that are dedicated to tennis psychology, golf psychology, and great sports psychology quotes.

 

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