It’s all related to a few factors.
- 1. How you as an individual cope with the stress.
- 2. One’s maximum tolerance for stress.
- 3. how our mind’s perceive stress.
There are probably a couple of other factors, but I think I touched on the basics.
One aspect is to live a disciplined, simple enough life that:
- 1. You have personally reduced potential stresses in your life, by planning and strategizing ways to reduce potential stress.
- 2. simply living a simple life, which will reduce the amount of stress in your life.
- 3. adjusting your frame of mind as a means of coping with, or understanding the stress, and where does it originate from.
Stress And Your Financial Situation
There is always a certain amount of financial stress in everyone’s life. So a solution would be to live within one’s means and not get into debt, and if you are, find ways to reduce that debt.
The other side of the coin is to save and invest any extra earnings and income, which goes back to living within one’s means, and having enough to save and invest. And this comes to the point where one has to create a monthly budget that one can stick to, examine all expenses and find ways to reduce that to maximize your earning potential.
Living in a Consumerist Society
We humans are bombarded by constant temptations in a consumerist society, to buy buy buy and even get a credit card (or two, or more) and charge things when we go to the mall. In other words, buy things that we actually don’t have the money for at that given moment. And thus we rack up the credit card debt.
The danger is that the interest rates will get you, and people will try to rollover to another credit card with a lower interest rate, which is a temporary thing as well.
This is all a vicious cycle and has the potential to produce much stress.
But we can’t avoid stress in life. We can’t eliminate it 100%.
But we can keep stress in check and make it more manageable. And do what we can to prepare for any stressful situations that may arise.
I’ll try to cover more thoughts regarding stress and managing one’s financial situation.