Why Your Mental Health is Important for Your Financial Success
Q: Dear Ruchi, I’ve been having a hard time handling my finances lately and it’s adding so much stress to my life. I feel like I am struggling to get a hold of my income streams all while balancing my family, job, and personal life. I can feel the stress making it worse as I lose focus and clarity. What can I do to get centered and start handling this with more ease?
A: What if I told you that one of the keys to unlocking your highest financial potential was your mindset? Believe it or not, the state of your mind can significantly impact your financial journey because your mental health and financial success are absolutely intertwined. By prioritizing your mental well-being, you'll enhance your decision-making, confidence, and resilience, paving the way for a more prosperous future!
A healthy mind helps you make rational financial decisions, from budgeting and investing wisely to even feeling more at ease when discussing money. Simply put, when you’re living in a healthy headspace you're less likely to act on impulse and make hasty choices.
Now, what can we do to improve our mental health while staying on top of our finances?
Here are a few ways you can sharpen your mental health practices to align with your financial goals.
Self-Care Rituals: Dedicate daily time to self-care. Whether meditation, exercise, or simply unwinding with a good book, prioritize activities that rejuvenate your mind and give you an overall feeling of peace. Explore stress-relief techniques like deep breathing, yoga, or journaling. Stress will always arise but learning how to manage it and get grounded is key. Practice makes perfect!
Seek Support: Don't hesitate to reach out to professionals if financial stress is impacting your mental health. The Watch Her Prosper team is here to help alleviate your money fears. You can also work on building your network and surround yourself with a supportive community — friends, family, and advisors — who can offer advice, encouragement, or just be a listening ear.
Set Realistic Goals: Break down your financial goals into manageable, achievable intentions. Small wins boost your confidence and motivation. Tap a professional for extra support!
Practice Gratitude: Each day, reflect on the things you're grateful for. Gratitude can boost positivity and improve your overall mindset. Sometimes we don’t see all of the good that already exists in our lives. Check out our previous Ask Ruchi for an easy way to start implementing gratitude into your financial journey.
Financial Education: Educate yourself about money matters. Knowledge empowers you to make informed financial decisions, reducing anxiety and uncertainty. You can even follow along with financial experts on social media to start grabbing daily bits of inspiration. My friend Ramon Ray, publisher of ZoneofGenious.com recently released an article showcasing the 7 Top Money Experts You Should Follow and Learn From. I’m honored to be on the list! This list is a great place to start.
Here’s to your prosperity!
-Ruchi