6. Help others & give back to your community
When we think about improving our finances we are typically focused on ourselves - what goals we have, what we need to feel financially satisfied. Sometimes taking the focus off ourselves and thinking about others is the key to improving our outlook.
Scientific research shows that helping others really does increase our happiness. There are lots of ways to give back, and they don’t have to involve donating money. According to a study in Social Science & Medicine, a person who volunteers more than monthly, but less than weekly is 12% more likely to report being very happy and a person who volunteers weekly is 16% more likely to report being very happy. (https://www.psychologytoday.com/us/blog/teen-angst/201701/achieving-happiness-helping-others)
7. Invest in your well being
Investing in your well being can improve so many areas of your life. Take time for yourself each day to exercise or meditate. Meditation has several benefits (Facts below came from CompareCamp.com, a leading SaaS software comparison site for corporations):
- Reduces insomnia by 50%
- Reduces PTSD by 70%
- Reduce anxiety by 60% after 6-9 months of consistent practice
- Relieve back pain by 30%
- Improves energy and aids in memory, retention, and focus
Exercise is also linked to improved mental health. According to a 2009 study from Harvard University's T.H. Chan School of Public Health, running for 15 minutes a day (or walking for 1 hour) reduces the risk of major depression by 26%.
This improved sense of “well being” will allow for better, clearer, and more intelligent decision making when it comes to your financial future.
8. Mental health affects financial health
How we feel about ourselves and our lives can have a big impact on our financial decisions. We may find ourselves using our money as a way to cope with emotional problems we’re afraid to confront or not being able to make the best decisions with our money because we’re dealing with depression or anxiety.
Meet with a therapist or life coach. Check to see if your health insurance will cover the costs. There are many options outside of therapy easily available today like the Bullet Journal (popular organizational journal), Gratitude Journal (daily gratitude), Day One Journal (journaling to better health), Pzizz (sleep-tracker), and Daylio (mood-tracker).
Remember, it’s okay to ask for help. In fact, it’s more than okay. It takes strength and courage and will help you live your best life.
9. Subscribe to positivity and community
Learn to lessen money’s grip on your life. Invite humor, creativity, and inspiration in! Changing the internal conversation will translate to outer results: less seriousness, more sincerity.
Following these 9 tips may not always be easy. You may have to confront areas of your life that you’ve avoided and deal with emotional baggage that has weighed you down for far too long. It takes work, effort, awareness, and consciousness, but the payoff is huge. You’ll feel confident, grounded, and in control of your life and your financial future.
Financial advice for real people, by real people. You shouldn't need a degree to understand your money. Join Head of Education, Brittney Castro and Altruist mentors as they break down financial tips and strategies in a real way to help you finally understand how to achieve your financial goals faster.
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