Economic Satisfaction is in Short Supply.
The American public continues to rate the U.S. economy in mostly negative terms in March, with 83% describing current economic conditions as “only fair” or “poor.” Just 16% consider them “excellent” or “good.” Furthermore, 72% think conditions are getting worse, while 23% say they are improving.
From the Gallup Poll article: https://bit.ly/3MOjvuH
These consumer views of the nation’s economy round out a highly stable first quarter, with the March results closely matching what Gallup found in January and February.
How do you overcome a Negative Economy?
BY Embracing Financial Management
The good news is that there are ways to take control of your financial management and take back control. By setting personal financial goals, investing in education, and developing confidence with money management, you can make better planning choices which help save more and build wealth over time.
1. Invest in yourself
If you’re looking for ways to overcome a negative us economy, investing in yourself is one of the best things you can do. It’s easy, inexpensive, and will have a positive impact on your life and finances.
Learn new skills and gain knowledge that will help you achieve your goals. This will increase your confidence and allow you to make decisions faster.
You can also improve your health and mental well-being by learning new techniques to reduce stress, depression, anxiety, and insomnia. For example, you can find a yoga class or work with a personal trainer to increase your energy and relieve stress.
You can also get a finacial mentor to help you speed up your professional and personal growth. These can be a great way to stay on top of your game and ensure you’re always ahead of the competition.
2. Focus on your goals
Goals can be a useful tool for helping you get unstuck. They can help you identify what resources are needed, figure out how to achieve them, and solve any roadblocks along the way.
A good goal is a well-defined and measurable target. It should be time-sensitive and challenging, but not impossible to reach.
In addition, the goal should be the right size for you. Smaller goals that feel realistic are often more motivating and easier to accomplish.
If you are having trouble finding the best goal to help you get unstuck, try thinking about your ‘why’. It may sound cheesy, but it’s crucial to your success.
For example, if you want to get promoted at work, consider how this will benefit your family. Or if you want to learn a new language, why is this important? Having a strong ‘why’ can make the difference between working hard and not working at all. It can also inspire you to take on more challenges and succeed at your goals.
3. Remain calm
The news is awash with headlines about a sluggish economy and rising interest rates, which can lead to anxiety. While it’s natural to become anxious about a recession, it’s important to stay calm so you can make the best decisions for your financial future.
One way to remain calm is by paying attention to what you value in life and what will help you thrive in the coming years. This can include your health, your relationships, your spirituality, or even your financial investments. Then, focus on putting your time and energy into the things you’re most passionate about.
In theory, we don’t all value the same things; some people value world peace while others want a mansion or a new car. But for all of us, a calm mind is essential for thriving in the coming year and beyond. So, keep that in mind the next time you see a news report about the possibility of a recession happening and start thinking about how you can overcome it.
4. Take action
Join us at Money Talks for Women! This includes things such as signing up for free classes or workshops, working groups with like-minded people, learning expert advice from a financial advisor focused on Women’s issues with 34 years’ experience. Lynn will take stock of what you have, where you are and where you want to be. She will take the time to map out your goals and objectives, while keeping your head in the game is a surefire way to achieve success. The result is a more confident and contented financial situation designed by you!
Here’s what I believe: INSIDE, EVERY WOMAN IS AN ACE MONEY MANAGER! That’s right! And that means you! JOIN ME HERE TO GET STARTED TOWARD FINANCIAL EMPOWERMENT (Join the waitlist for my next Money Talks Event at Lynnekitchen.com)
Join the Waitlist for my next Money Talks Financial Clinic in May 2023
DISCLAIMER: This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice. Investing involves risk, including possible loss of principal. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness.