Overcoming Anxiety Around Money

It’s Mental Health Awareness Week and the theme this year is Anxiety, with a sub-theme on Anxiety around Money.

Why do so many people have anxiety around money?

Why do so many people have anxiety around money? Talking with our Business & Leadership Mentor, Justin Lee, he suggests it’s partly because of mindset, self limiting beliefs, and lack of knowledge around money, leverage, spreading risk and hedging bets.

As well as being a qualified therapist and life coach, Justin has run his own business in the Music Industry and also worked in Corporate Finance.

He speaks to the idea of when we only have a single source of income, that creates a lot of pressure. If all of your financial security comes from one place, what if you’re not happy and afraid to speak up? You can start to feel stuck and trapped. Also what happens if that one source of income disappears?

Some of the answers to anxiety around money

By branching out to have multiple streams we start to feel more stable and less anxious around money. This doesn’t necessarily mean getting a second job or starting a side hustle, but being smart with money and investments.

It’s also about working with mindset and the psychology around money. When to take loans to create more wealth. That in itself is a big mindset shift.

Justin is skilled at sharing concepts like “hedging bets” and creating “leverage” so that they are not just for big business, but for everyday people to feel more financially savy.

Watch the interview with Justin for more, and if you’d like to know more about working with him, you can make an enquiry for a free consultation call here.