Our relationship with money and how we view it is critical!
Here are 3 key things you can do to find that right balance and help maintain confidence and limit financial stress
At the Institute of Financial Wellness we are certainly focused on our core mission of financial wellness, however in order to truly live your best life its about more than just your finances. It’s about balance!
Our relationship with money and how we view it is critical. Do we have too much fear about money that causes anxiety? Perhaps we are too frivolous or too frugal? You have to really find the right balance of how you approach your finances and be mindful not to worry too much or lack awareness and not pay attention.
Here are 3 key things you can do to find that right balance and help maintain confidence and limit stress
- Have a written plan. When your income and expenses are on paper and you can look at each expense you will feel more empowered and have your arms around your finances. This provides clarity and confidence and lowers anxiety
- Build up 6 months, maybe even 12 months of emergency reserves. Having a significant cushion will provide you with further peace of mind and lower anxiety
- Commit to systematic and automatic savings. It can be through a retirement account or regular brokerage account or a basic savings account – and the amount – is irrelevant – it’s about having a consistent savings method. This will give you comfort in knowing you are headed on a path of financial independence and help you build good habits
These three strategies will enable you to be in the present. We all know beating ourselves up about the past or worrying about the future is wasted energy. Being able to enjoy yourself each day and not worry is a sure fire way of living your best life.
Lets get there together!
Rees Bridges brings a unique value to the IFW as both a highly accomplished creative professional and a successful financial services executive to serve in his role as Senior VP, Marketing & Communications.
Over the last decade Rees has served as the lead marketing & communications professional for a Fortune 500 Financial Services firm. He oversaw all advisor marketing strategies, client communications, and the entire firms branding and marketing initiatives.
Rees continues to pursue his passions as a creative professional & musician for over 30 years, with an impressive profile and reputation as a designer, performer, teacher, and studio musician. Here is a little secret: He serves in the role as an international clinician for Mapex drums, Paiste Cymbals and held the record for world’s fastest drummer between 2006 and 2007.
Rees grew up in London, England and currently resides in Miami, Florida. When not at work, he enjoys spending time with family and friends, traveling, and indulging in his passions for music and creative pursuits.
