Financial pain creates a ripple effect. Anxiety, stress and worry are always byproducts of low or negative profits. They plague you, your family and team. These are serious issues that need focus, an understanding team, expert advisers and a proactive approach.
You need to manage your stress to keep it from ruining precious relationships and vital business partnerships, says Val Farmer, a clinical psychologist and author who has specialized in rural mental health during his 30-year career.
Farmer offers these suggestions on how to cope with financial stress.
- Face your problems. Talk about them. Acknowledge them to whoever needs to know. Don't let your pride get in the way of making hard decisions. Others are in the same boat.
- Pencil it out. Watch your spending, both business and family living expenses. Be flexible. Make whatever changes need to be made. Don't delve into escapist activities that hide you from problems.
- Gather information and advice. Solid information shines a bright light on problems and takes away fear. This also applies to communication and conflict situations in the family.
- Keep a positive attitude. You can't control some of the events that happen to you, but you can control how you react to them. Acceptance of losses, setbacks and disappointments helps us deal with life's problems and injustices. Worry about the things you can do something about.
- Examine your true priorities. These can be health, talents, love, family, children, friends and spiritual understanding.
- Look for small bits of happiness. A sense of humor can give you room for your spirit to breathe. Leisure, hobbies and wholesome diversions take your mind off the distant future and will bring you pleasure when you need it the most.
These steps will make a big difference, not only to your outcomes but also to your outlook.
“If you look for the silver lining, the cloud doesn't look as dark,” Farmer says. “Someday when you tell the story of your life, some of your most defining moments, moments that changed you into a better human being, will have happened during times of trial and struggle. Be patient with life.”
If you or someone you know is experiencing extreme stress or suicidal thoughts, please reach out to a mental health professional immediately. The National Suicide Prevention Lifeline offers 24/7 free and confidential support at (800) 273-8255, as well as numerous online resources.
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