Topic: How do you deal with financial stress? - page 2. (Read 1819 times)

I think the stress for virtually all groups comes from the fact that the world is undergoing unprecedented change, which is happening at an ever faster pace. There is one crisis after another and you get the feeling that there are no more breaks. There used to be many crises in the last 100 years, but society usually had several years in between to recover. It no longer feels that way, and many people feels and suspects that the next crisis (of whatever kind, war, economic downturn, next pandemic, etc.) is just around the corner.

I agree with this if we could manage our finances properly then we wouldn't have any problems at all, the problem with debt is most of the people borrow to spend for the day or survive the current situation, but if they would borrow money then why not make it to survive for a long term use it to earn, and not just to survive the day.
Think about how you could use that money to earn it back not just to spend it all.

It's not about the debt that gives us stress, it's about how we manage our finances. It's not necessary that having a debt means always paying interest. There are some debts known as good debts where we can use the borrowed money to make more money. The key is to manage our finances properly and use the debts wisely.

Having a lot of debt will certainly make us depressed because when it is due we have to pay the loan we have lent and it will be very difficult if the income we have is not enough to be able to pay off the loan because we have borrowed too much, so it would be better for us to be able to manage our expenses. according to the income we have and don't let us not manage our expenses so we use our income on things we don't really need so we have to look for loans to be able to meet the needs we need.

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

That's what I was trying to say in the previous comment, there is no way we can have a life without stress and anxiety. The only thing we can do is adapt to everything and always find a way to overcome every situation. I have never tried to avoid it, but instead I consider pressure and difficulties as part of my life and I will live with it every day. Life is inherently not easy and it will be even more difficult if we want to achieve wealth, want to achieve things that others do not have.

While reading the op, I felt like OP mirrored my life and decided to talk about it, Unfortunately, it is not just me, or the OP, financial stress is something a lot of people all around the world are currently going through, sometimes, i feel the world is gradually collapsing in our very eyes.

Nigeria is my country, and i have never seen my country in such a very bad shape as it currently is economically, everything is on the up side, schools fees, water bills, electricity bills, cooking gas, petrol, etc, every thing is raising in their prices as each day breaks.

But fortunate enough, just as the op said, this forum and bitcoin have been really helpful in terms of providing us an alternative source of income, but most of the time, i just cant help but think how those outside this forum, and without jobs are managing to cope with this current economic and financial crises the whole world is facing.

Stress comes constantly, everyone is under pressure of making it everyday as life gets harder and prices goes higher. However, we have to find a way to navigate through it. If we let stress get the best of us then we'll just be the one on the losing end. We have to have the grit to push through and refocus ourselves, remind ourselves what the goal is and find the best way to survive. Achieving balance in life doesn't necessarily mean you will have no problems or will never face any stressful situation, instead it means you'll have the capabilitiy to face those situations and make it out alive.

But what I want to ask is how to balance life these days? Because not only me but everyone around me has their own problems in life and is always in a state of stress. I have never seen anyone truly have a balanced life, even retirees have to worry about many things or even rich people have their own difficulties. It sounds easy to say, but I don't believe anyone can balance life in a time when things are getting worse. By the way, how did you achieve balance in life?

When you are not financially stable and are using different sources to support yourself,So in such a case you will have a lack of time due to which you will not have time to meet with your neighbors, your relatives and the people around you.It cannot be called individualism, but a servant may be forced to work from morning to evening to meet his expenses.

Most of the people can't spare time due to their busy schedule, but today's people don't have relationships with people around them even if they are not busy. Ever since the age of internet and computer, every man has become limited to himself. I have often seen people sitting in a place where everyone seems to be busy with their mobile phones instead of chatting with each other. Gone are the days when neighbors used to sit next to each other, now neighbors have been replaced by mobiles.

I think I understand you on this. Because I also feel that nowadays people are becoming much more individualistic. Previously this happened in urban areas but now it seems the same in rural areas. Everyone is becoming busier in looking for additional income. So after work they just rest for a while and then immediately do side work. This right indeed indicates that the main job is no longer sufficient for a person's monthly needs. So it is natural that nowadays people are starting to become busier at work and no longer have free time to chat casually with their neighbors. But in several villages that focus on agriculture, the sense of individualism is still not felt. Maybe because they only focus on agricultural work and after returning from the garden they have free time.

Upper class people are not affected by inflation. But for some who are middle class or lower middle class, life has become miserable. Low income people are the most affected by inflation, especially those who do fixed salary jobs, which does not affect a businessman because if the price of goods increases, he determines the additional cost of his goods. There is no way out of this situation. But if everyone is aware, we should reduce our expenses as much as possible. But then this problem will not be solved until we can increase our income. Every person must focus on increasing income otherwise it will be difficult to live normally in this age.

We really have to have other income to be able to survive in an era like today, and this not only changes economic conditions, but what I feel also changes the civilization that occurs around my environment, because I live in a rural area. where it seems that everyone is starting to be individualistic because they are busy making money, where it is very rare to see neighbors chatting casually with each other, as if 24 hours in a day feels like there is not enough time to carry out activities to make money to fulfill their lives, it will be more difficult for those who have a high lifestyle but it doesn't match their income

too bad the luxury goods are still selling like a hot cakes.
the money aren't circulating to the middle class and lower, its circulating among the riches, but thats on its own is fine as long as they pay taxes. the thing is that, the price of the goods and its increase just doesn't really get followed up by the people salaries, its hardly rising while sometime the inflation itself increase more than the salary.
basically decreasing the purchasing power over the year.
thats just how it is with current economy, one needs to have 2 jobs to survive.

How do we get patient with life? Especially in this dispensation when everything seems to have sky rocketed, life is been lived on the fast lane, making money as well and trying to live patiently for a best time is something you would have a had time doing.

Hard times calls for different measures and means to archive a goal. Even in the pandemic there were windows of opportunities it came with for making money. Food items became expensive and sanitary items where a priority which and the market on these where pushed up and it created an online awareness for every one with the stay at home culture it came with.

Away for a military tour huh! That’s a good one and thank you to have been there for the rest of us and making society a peaceful place to live.

Rather than worry, look for solutions to improve your current predicament, it would serve you more than just worrying!

In times like now, we really have to be clever at managing our finances so that when a disaster like Covid occurs a few years ago, our financial pressure is not so bad. One of them is that we have to hone our skills by utilizing existing media.

Unemployment does not only occur in your country, perhaps in all countries there are many people who are unemployed even though they have a diploma, especially with the pandemic, many employees have been laid off. Indeed, school is important to become smart, competency training is also important for work. A diploma and competency certificate are both required. That's the skill that's needed. The proof is that small entrepreneurs without a diploma can be successful all because of the skills and abilities they have. So I agree with you, it is important to develop skills in today's era where it is very easy to get on the internet.

Not all people would really be ending up on having that kind of mindset on which they would really be assuming for whatever possible future events that could happen ahead.If you do try to look up closely or indepth that both things or scenarios does have their own risks factor on which even if you do find yourself engaging with some business venture or similar then we know that there's always a chance for failure or error on which it would really be causing that loss of money at the same time you would really be losing your confidence on pursuing such dream or target. This is why it would really be that situational basing up on someones aims and goals in life because not all would really be risks takers and not all would really be that prepared for those danger of the actions that they would really be making.

Dealing up with stress isnt that easy even myself i could say that im really that good on handling out stress but on the time that it do really reach out that limit then you would really be that having those
kind of moments on which you dont really know on what to do. You do just simply sit still and thinking up on nowhere but most of the time on times that i do experience this then i do
simply find out some activities on which it would really be distracting me on thinking up problems.

I don’t think financial stress control depends on country, I see it as something which one need to control him self about it and also looking for a way to cut down its expenses to fit in his earnings amount when one want to live above his salary that’s what usually increase the stress.

We know the price of things are high and salaries are not being increased to fit in how things are being priced, so one can just cut down things that they don’t really need at a particular moment and solve those things first base on what they have at hand and don’t allow what they can’t afford for them self to bother them, when we start to think about things that we can’t afford that’s what usually give us some kind of unstable mental health.

Things are really getting worse these days and the works that pays before are no more paying again because because the economy meltdown that we are now. Sometimes we keep applying for the kid of job that we really want but we don't get them not because we are not serious or we don't have what is takes but connection had been the order of the day. Many people get job because they know plenty people and they have friends that are in high position that can get them contracts and jobs that they might not even have the degree to execute that kind of job.

Business is definitely a good decision for you, education is purely for yourself, the knowledge you gain from studying will be useful in every moment of your future journey. You're different than others because where others sit for a job after graduation or spend half their life chasing after a job, you decide two years before graduation that you're going to be in business. It's a very good decision for you, suppose you get your graduation degree and after graduation you get a good job but what is the guarantee of that job? What do you do any time you lose your job, or a financial crisis affects your company? Whether you are employed or not, you must think of an alternative arrangement so that you get good financial support from this business in case of financial crisis in the future. Best wishes for your new business.