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#148 | 8 ways to tackle your financial fears

#148 | 8 ways to tackle your financial fears

Fromfriends on FIRE


#148 | 8 ways to tackle your financial fears

Fromfriends on FIRE

ratings:
Length:
34 minutes
Released:
May 9, 2022
Format:
Podcast episode

Description

Even though Maggie has accomplished a massive amount of things financially and has put herself in a position to retire at 41, she’s still afraid of a lot of things.  We talk through a few things related to fear:Everything Maggie is afraid of.  It’s a lot of things.The definition of fear.The good and bad sides of fear.“Courage is not the absence of fear, but the triumph over it.  The brave (wo)man is not she/he who does not feel afraid, but she/he who conquers that fear.  -Nelson Mandela8 ways to conquer your financial fears:Be kind to yourself.  Accept that fear is normal, especially when you’re taking the path less traveled.Listen and learn.  Educate yourself thru books, podcasts, youtube, blogs, and more!Know your numbers.  Track your expenses + net worth.  What gets measured gets better.Calculate your fears.  Put #s against your fears, worst-case scenario them.  You can deal with them.Remember, you’re resilient.  Your skillset is strong; you can work again and do whatever is needed.Write it down.  Write down your fears, imagine the worst, rank, and prioritize them.Breathe + Meditate.  Leverage the science that proves breathwork and meditation can help you with fear and anxiety.  And the good news is these practices are easy and free.Find your community!  Surround yourself with like-minded supportive people.  Your community is powerful!Top 3 takeaways:Fear is normal.Courage is not the absence of fear but our ability to triumph over our fears.There are things you can proactively do to push through your fears, so do them!Show References:campFIBook: Bag Lady PapersFriends on FIRE episode #27 - Why Tracking Net Worth MattersFriends on FIRE episode #15 - Expense Tracking Gone WildNet worth tracking spreadsheetExpense tracking spreadsheetFriends on FIRE episode #130 | Where meditation and money meetMostly Minimal Life: An introduction to fearFIRE---Follow friends on FIRETwitterInstagramFacebookLinkedInLeave us a voicemail or text us: 404-981-3370eMail us at:  friendsonfiremm@gmail.comVisit our website: www.friendsonfire.org---Other LinksMaggie’s Blog: Mostly Minimal LifeMike’s Book:  Your New Relationship with Money
Released:
May 9, 2022
Format:
Podcast episode

Titles in the series (100)

?On a mission to get friends to talk about money ?Sharing our FIRE journeys, personal finance advice, and frugal tips Hosted by 2 Friends on FIRE - Mike + Maggie **Leave a voicemail or text us at: 404-981-3370**