Financial stress, or anxiety? When it comes to finances, stress and anxiety seem to be synonymous. Anxiety, however, need not be the case when you consider the basics of financial planning.
Stress is a normal part of life, especially when it comes to money. On the other hand, anxiety is when you put so much weight on a topic that you don’t live in the moment but rather focus on the future.
Who Experiences Financial Stress
So, what’s the correlation between stress and finances? And when does financial stress turn into anxiety around money? The truth is everyone worries about money, regardless of their actual wealth.
The basic questions financial planners hear from their clients are always the same. Will they have enough money in an emergency? What if they get laid off? What if markets go down? Can they retire? And the list goes on.
How To Prevent Financial Stress
The question is, how to prevent typical money stressors from turning into anxiety? The difference between financial stress and anxiety is in the hands of a trusted financial planner.
When a person has an expert to consult on money matters and investments, the fundamental concerns are easily surmountable. A skilled financial planner helps clients understand how to plan for various life scenarios and creates strategic models to address even the most critical life matters.
Financial Transparency Is The Best Treatment Plan
The greatest financial consultant is one who serves as a life partner. This person requires complete transparency as they can best address a client’s stressors when they have a thorough picture of your financial history.
So, don’t avoid getting financial help because you are embarrassed to share your errors. Even if your financial history is lackluster and some of your investments have fallen short, a skilled advisor can steer you towards progress and savings.
Therapy For Your Finances
Financial planners secure their best expertise through real-life experience. Albeit critical to look for a financial planner who is well-credentialed, most of their knowledge comes from the immense perspective of helping others in similar situations.
Think of your financial planner as a therapist for your bank account. Their ability to address the everyday stress associated with finances and manage those stressors from becoming thoughts of anxiety will likely save you lots of money on mental health costs alone.
Financial Peace of Mind Is The Greatest Gift Of All
The most significant benefit of financial planning is peace of mind. Placing money matters in the hands of someone with the expertise required to accomplish one’s financial dreams is priceless.
Peace of mind ranks so high with clients that it is the number one feedback financial planners receive daily. People’s most personal concerns ease by a financial planner’s ability to reduce stress through strategic planning and intelligent investing.
The Transformative Nature Of Financial Planning
It is visibly apparent to see the transformation of a new client as they leave their financial planner’s office. Body language alone reveals the person’s newfound hope to secure the financially healthy life they so desperately yearn for.
Financial Health Means Wealth And Happiness
Begin the year with health and happiness by enlisting the help of a financial planner and tax professional now. This wise financial action is guaranteed to pay dividends in reducing stress, eliminating anxiety, and bringing in the months ahead.
So, the next time you or a loved one starts to worry about finances, don’t. Instead, pick up the phone and call a planner who may help prevent financial stress from becoming financial anxiety.
This post first appeared on Forbes.