Is Fear Ruling Your Finances?
Are you worried, anxious or stressed about your finances? Does fear hold you back from doing what you really want in life? Is the thought of your financial future keeping you up at night?
Before you can effectively address the fear around your finances, first you need to acknowledge the type of fear it is – is it a past fear, a fear of or anxiety. Here are some guidelines to assist you:
Fear is an emotion. Anytime we feel fear that is in proportion to the situation we are faced with, the emotion is appropriate for us. However, anytime we feel out of proportion fear it is a sign that the fear from the past is unresolved for us. If you find yourself overreacting to your financial situation with fear or you are being held back from taking action because you are scared, you may have past fear to address.
In addition to past fears, some people have a fear of specific things or situations. Common “fear of” examples people have around their finances include: fear of success, fear of failure, fear of loss and fear of making the wrong decision. These “fear of” are actually limiting beliefs rather than emotions, and can also hold you back from having what you desire financially and in life.
Anxiety is worrying about what could go wrong or focusing on what could go wrong, rather than thinking about the event being a success. Performance anxiety occurs when we think about a meeting, call, speech, our performance, etc. turning out anything other than a success. While the above types of fears all relate to past fears of one type or another, anxiety relates to future fear or worry. Worrying about how to pay the bills, your job security or whether or not you will get a promotion are all examples of anxieties related to finances. It is much easier to let go of severe anxiety once the past fears have been addressed first.
Your Relationship with Money
Importantly, all fears become self-fulfilling. The more you focus on what could go wrong, the more your brain attracts it through your behaviours. For example:
- Fear of loss can lead to overspending and therefore losing money
- Fear of failure can lead to procrastination and indecision about your career, business or investments which can cost a lot of money and cause financial failure
- Fear of success can lead to feelings of unworthiness of having success, and can result in people sabotaging their success
- Fear of making the wrong decision can lead to confusion and, therefore, wrong decisions being made.
These fears are often translated into your relationship with money. For example, do you have a love or hate relationship with money? Do you have an abundance or scarcity attitude? Do you give away any extra money you receive or save/invest it wisely?
These fears are also often translated into your money habits, which can be either positive or negative. Negative money habits include overspending, lack of saving, lack of investing, late bill payments, putting off doing BAS/tax returns, not sending out invoices in a timely manner, not following up late paying customers, not asking for a pay increase or promotion, under charging for your services, etc.
Letting go of your fears and anxieties
Once we identify the specific type of fear, it is then important to let it go. Fears, fear of and anxiety hold you back from living the life you desire. The best way to be free of the fear once and for all is to address it in a safe and comfortable way, without having to relive the fear of the past in order to let it go. We have many different NLP and Hypnotherapy techniques to assist you with addressing your fears and anxieties, so that you too can have a positive relationship with money, and empowering money habits to help you to achieve the financial, career/business and life success that you desire!
Here are some great resources to help you right away to:
- Overcome your financial fears after a divorce
- Empower yourself for a confident and successful money mindset with your Free resources!
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