Suze Orman Says to Start Here if You Want to Reduce Your Financial Stress
KEY POINTS
- Many people find themselves feeling stressed about managing their money.
- Suze Orman recommends affirming that you are actually capable of handling your financial life.
- Becoming more confident around your finances will also help you seek out support as needed.
Orman's advice is simple to follow, but it makes all the difference.
Feeling financial stress is not uncommon. Whether you're worried about your savings rate, your credit card debt, or how you're going to cover all the bills, most people have something that causes them to feel a bit of concern when they think about their money.
Unfortunately, financial stress can paralyze you when it comes to improving your finances -- or it could simply keep you up at night and hinder your quality of life.
If you find yourself worrying about your money and you wish you wouldn't have to deal with these concerns any more, finance expert Suze Orman has some advice on where to start if you want to make a change.
Could this be the first step toward eliminating your money worries?
Orman's advice about where to start in reducing your financial stress may come as a surprise as she's not focused on concrete actions you can take. Instead, she wants you to change your mindset.
"Reducing your financial stress starts with reminding yourself that you are strong, you are capable, and you have what it takes to build a more secure future," Orman said. "That's not me being a cheerleader. I believe with every ounce of my being that we all have it within us to be the ultimate caregiver who nurtures our own well-being, so we are happier, which also will help us better care for those in our lives who rely on us."
Why Orman's advice could be so helpful
Words of affirmation may not sound like the recipe for success when you're struggling, but Orman's advice is spot on. Convincing yourself that you are capable of handling your money is crucial if you want to stop worrying about whether you can save more, build wealth, and take control over building a secure future.
See, if you don't believe you can make the financial decisions needed to set you up for success, this can destroy your motivation to form a plan and make the necessary lifestyle shifts that will eliminate your money stress for good.
While it may feel impossible, almost anyone can make and stick to a budget that prioritizes their financial goals if they want to do so and believe in their ability to make it happen. And the more you feel confident in your ability to take these crucial steps, the more excited you'll be about getting started making a plan and sticking to it.
Of course, believing in yourself alone isn't always enough to make a meaningful difference in your financial situation. And there are often systemic issues in place that can make it really difficult to improve your circumstances. For example, you may be making too little and paying too much for things like childcare and health expenses.
But, even in difficult situations, if you develop confidence in your ability to handle your financial life, you are more likely to be able to seek out and find the support, services, and techniques that can make a difference for you. So, give Orman's advice a try and take the time to focus on your ability to improve your financial circumstances for the better.
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