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How will I survive in a failing economy?

What if my identity is stolen?

What happens if I can't pay my bills?

Am I always going to be in debt?

Will I ever be able to buy a home?

Will I have enough money to retire?

What if I invest in something that ends up being a disaster?

Would I be able to handle a sudden financial emergency?

 

My guess is that at one point in your life you've asked yourself one or more of the questions above. These are all common financial fears. Fear is one of the most prevalent emotions that people express about their financial position. Some are in a panic; others have an underlying fear or anxiety about their financial situation.

 

Day-to-day there is often anxiety about not having enough for necessities. When it's bill-paying time, panic, dread, and even physical discomfort are not unusual. That's because your financial situation is an extension of your thoughts, beliefs and emotions as well as the energy you generate - in all areas of your life.

 

The good news is that I've now given you permission to feel "normal". Your concerns are not crazy and there is really nothing wrong with you. But in order to conquer your financial fears you must realize that you and only you have the ability to be in control of your financial destiny.

 

You may not have all of the answers - that doesn't matter - the most powerful antidote for fear is action.

 

Take an inventory of your current financial situation - I call this getting financially "naked" - bare it all and get to know where you really stand.

 

Set realistic goals based on your personal values - where do you want to be and what will it take (baby steps) to get there?

 

Get a financial education - I don't mean go back to school or earn your CFP, dig in and research what perplexes you - identity theft, financial emergencies, or retirement.

Connect with others - you're in the right place for that - talk with others that have been in similar financial situations and reached their goals these people will be a huge source of inspiration.

 

Taking action allows you to feel more in control of your situation and you can work towards a solution. As long as you allow fear to paralyze you, nothing will change. If you keep on doing what you are doing, you will keep getting what you already have.