From the course: Managing Your Finances in a Financial Downturn
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Focus on the financial actions you can control
From the course: Managing Your Finances in a Financial Downturn
Focus on the financial actions you can control
- This difficult moment is an invitation for you to make smart choices in your finances to set yourself up for long-term success. If your financial health looks grim at the moment or if you have anxiety about what might happen in these unstable times, instead of focusing on being depressed and being overwhelmed, focus on what you can control. Focus on activity, and focus on productivity. I've had times in my life where I struggled financially. I didn't even know if I was going to be able to feed myself that day, nevertheless pay for gas to get to work. That fear is real. But the good news is if you can pull through, if you can see the light, and there is always a light, focus on activity. Create a budget, and reduce your costs. Build a financial first aid kit, and develop an investor mindset. You now have the fundamental skills to budget, the strategies to stick to it, and the mindset needed to be a smarter consumer…
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