How can young people get rid of "money pressure"?

Money is often the biggest cause of stress in people.

As the saying goes, rich people are not necessarily happy, and happy people are not necessarily rich. A different "money view" will bring about a completely different state of life. Having the right understanding of money can not only make us more financially free, but also make our lives happier.

According to the American Psychological Association, money is the biggest cause of stress in the United States. Medical statistics show that 75% to 90% of doctor visits are for stress-related illnesses and discomforts, including chest pain, headaches, high blood pressure, insomnia and depression.

Money stress can make people physically and mentally uncomfortable, and we have two options for this:

1. Complaining, resisting, worrying

2. Fix the problem

 

I will choose the latter. We cannot fundamentally change capitalism, but we do not have to be its victims. We can understand how money works and be immune to the mental health problems it brings.

Change starts with awareness. It can only be solved when we know exactly what causes money stress.

What causes economic stress and how we can address them

Most people think the answer is: make more money.

But simply having more income won't solve your money problems. While everyone wants to earn more, we need to address some deeper underlying issues first.

The first step in escaping financial stress and living a healthier, happier life is to identify the specific cause of your concern. Here are some common causes and how to fix them.

1. Lack of financial literacy

So-called "financial management" is not something we usually learn in school. If a person grows up in an environment that lacks the concept of financial management, it can be difficult as an adult to make informed financial decisions.

I didn't really use a savings account until I was in my late twenties. Until then, I keep all my cash in a savings account and spend it as I want.

School didn't teach me how to manage money. It took me a long time to understand this. This meant that I wasted a lot of time before I learned how to do things right.

Solution: Learn about personal finance.

How you spend, save, indebted and invest is up to you. How other people manage their money has nothing to do with you. Can your ex-college friends afford an exotic trip, but you can't even pay the rent? Who cares about this except you.

Everyone is at a different stage of their personal finance journey. It is important that the advice you take should be the most relevant and effective for you.

The more you know about money, investments, and wealth, the better at managing your finances.

2. Unrealistic expectations about life

Many of us have all kinds of unrealistic wishes. It's okay to have big dreams, but you should never think that life is good only when you achieve big dreams. We might think like this:

"At this stage of my life, I should have a house/car/overseas trip!"

"I'm so old now and should be making at least six figures."

It's easy to feel stressed when we don't meet expectations. In today's world, everyone seems to have extremely high expectations.

This is unrealistic and unimportant. What's wrong with living a simple life?

The Solution: Focus on the Process, Not the Results

When you're setting goals, it's easy to think about the outcome first. Everyone wants to get in better shape, travel to great places, make more money, etc.

But these results are driven by long-term, ongoing work. Warren Buffett didn't get rich by making one big deal in one year, but it took decades of tireless work to get to where he is now.

So, what you have to do is focus on a process that can be sustained and the results will follow. If not, at least you can be proud of the work you do.

3. Short-term thinking

I have a friend who has been doing a job he hates because of the so-called "welfare" because he places a high value on stability and the welfare in his company is not good. But at the same time, he also "passes the time" by shopping online at work, so naturally he got into credit card debt.

A lot of us are in a situation where we hate our job but need such a job or income to live on because we are used to a certain way of life.

But sometimes, you need to take a step back in the short term to achieve long-term growth. Why? Because if you keep this short-sighted thinking, you will end up wasting your own life.

Solution: Focus on long-term quality of life.

For me, quality of life is the most important measure. Do you really enjoy your life? Do you like your job? Do you wake up feeling excited?

Focus on these metrics, not job title or salary. "Avoid money stress by not prioritizing money" may sound counterintuitive, but that's not the point. You have to consider your quality of life. As we all know, the best things in life are free. But mortgages and rents are not. But there's nothing wrong with choosing to earn relatively less in order to live better.

4. No emergency fund

56% of Americans don't have a one-time emergency expense of $1,000.

However, emergencies are bound to happen. It's not a question of if, but when. For example, your washing machine breaks, you slip and hurt, your loved one is sick, etc.

It's hard to be at peace when you don't have enough money for simple emergencies. Without the protection of a safety net, one adverse situation can turn your entire life upside down.

The fix: Build your own emergency fund bit by bit and make saving a habit.

An emergency fund is not something that can be created suddenly, you can try to save a portion of your income every month, and as long as you stick with it, it will happen sooner or later. I want to have at least six months of living expenses in my emergency fund. Knowing that I had this money in my savings account gave me peace of mind. Because I know I can handle the financial challenges of my life, and if something happens, I have plenty of time to get back on my feet.

One thing I've discovered over the years is that the urge to make more money never completely goes away.

That's why we remind ourselves that making more money is not a good goal. Our goal should be freedom:

Money can buy many things, but the most precious of them is freedom. Freedom to do what you want and work for people you respect.

When I see a job that pays more but drastically reduces freedom, I don't apply. Because my priority is to live a simple and balanced life.

Isn't that exactly what we want in the end?

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Your Money Matters: A Comprehensive Guide to Financial Planning

How to get better and better in the workplace

Time never waits for anyone. By the time you realize it, it has slipped away from your hands quietly.

After the epidemic, we have experienced a lot of changes, and have seen many touching and heart-wrenching scenes. The warmth of the world have been displayed in this period of time. During this period of time, I believe that everyone is thinking, what else can we do to change ourselves and make our life better, even if it is only a small change?

An epidemic has made us see the cruelty of society and the indifference in the workplace. The following three pieces of advice apply to young people entering the workforce, middle-aged people, and even seniors approaching retirement.

Advice #1: Health is more important than making money

After experiencing the pandemic, everyone has realized how important their own health is. When we face the epidemic, our opponents are some viruses that we cannot see with the naked eye, but can penetrate into our body ubiquitously. "Your own health is always the most important thing." This is what the elders have said to us, but there are very few people who can really listen to them.

Only when people lose can they know the importance of cherishing. In order to make money, many people ignore the capital of their own bodies. From time to time in the society, there are employees who died suddenly due to overwork

But in any case, we cannot forget the importance of health.

Advice #2: the poorer you are, the more humble you need to be

When many people are poor, the more they value their own face. Thinking that face is your only capital. But this kind of mentality will make people place too much emphasis on their own self-esteem.

The poorer a person is, the more he has to learn to let go of his face. Only by letting go of face can you have the opportunity to see more opportunities, to be able to pay attention to the details that you usually ignore, and to pinpoint the point of your failure. Prescribe the right medicine for a breakthrough. Only by letting go of your own face can you truly regain your confidence, help yourself turn over again, and go further and better.

Advice #3: Say good things about others

If you want to be in the society, you have to deal with people. Therefore, maintaining good interpersonal relationships with others is a knowledge that a person must study and study all his life. Many people like to hear good things about themselves, but they don't want to hear others say bad things about them behind their backs and slander themselves.

Therefore, if there is no conflict or enmity between you, then you should say less bad things about others and more praises. In this way, the other party will listen to you comfortably, and their attitude towards you will be much better, and they will have a good impression of you, instead of swearing at you from the beginning.

Summary: Life is very long, everything you have experienced is your precious experience and wealth; hold them firmly in your hands, and one day they will be transformed into your precious resources.

Get a free copy of "Your Money Matters: A Comprehensive Guide to Financial Planning" now. Limited time only.

Do you have these 2 types of personalities to get promoted quickly?

We found that people who grow fast in the workplace can change their roles at any time. They are good subordinates in front of the boss, a good partner in the team, and a good leader in front of their subordinates. To be "good", you need to switch at any time. own role in the workplace.

Good students in the workplace will steal from their teachers

A good student, a person who can grow rapidly in the workplace, must be a person who is good at discovering and summarizing the advantages of others, and using them to benefit himself.

People who are good at learning will abandon all personal preferences, discover the advantages of others, ignore the shortcomings, and then let themselves have the same advantages and grow.

For example, colleague A is good at writing PPT. He is rigorous and rigid, but his work is well-organized. Some people can learn from colleague A's "organized" working attitude and ignore his "rigidity", while some people will infinitely magnify his rigidity and ignore his advantages. People who can discover the advantages of others can not only turn the advantages of others into their own, but also avoid the minefields of others. For example, when dealing with colleague A, they must take into account his rigidity and seriousness, and respect his rigor at work. , Don't make jokes that he doesn't like in life.

People who can't find the advantages of others have such a mentality: they always feel that other people's achievements are easy. For example, I often hear things like "He's just lucky, it's my turn, so can I", "It's all a lie, he just can talk", "He's just related to the boss and has no strengths at all" and so on. But in real life it is that "luck", "emotional intelligence" and "personal connections" that work in the workplace, and these are not what everyone is born with, they are all painstakingly managed over time.

Don't let your lack of effort and inadequacy in learning turn into jealousy, which will lead to slower growth.

Good worker makes plans

We found that there is a type of people who are always clear in the workplace, clearly know their career direction, know what stage they are in in the workplace, know where they should work hard, know how to create conditions, and know how to achieve their goals step by step. .

This is rare. Because more than 90% of people don't know what they want to do in the future, they always take one step at a time, and many people have high ambitions, but they don't know how to operate when it comes to the specific practical part.

So how do you make yourself a person with clear direction? First, a general direction is required, then a plan is made according to the direction, and finally the plan is implemented step by step. For example, just like taking a long vacation to travel abroad (general direction), how to go, where to stay, which attractions to visit (plan), buy air tickets, book hotels (specific implementation methods), as long as you go according to your own plan. Taking small steps to implement it will get closer and closer to the ultimate goal.

See the big from the small, when you really learn how to do something and learn to be a person with clear direction, the career path will become more and more clear.

To sum up, if you want to run faster than others in the workplace, firstly, you must learn to improve yourself, secondly, you must have the direction to work hard and know how to persevere. As long as you improve yourself in these 2 areas, your career path will get better and better.​

 

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