Whew, times are rough right now! Unemployment’s rising, loved ones are sick, and no one knows when life will get back to “normal.” We’re all socially isolated. Stress, anxiety, and fear with the coronavirus is taking over, especially with money.
That’s why I’m creating a video series called Coronavirus Money Survival Guide. Each week you’ll get must-use tips to stay sane during this pandemic.
First, let’s dive into coronavirus money virus fears.
This series isn’t about providing “a message of hope,” because let’s be real s**t just hit the fan with this pandemic. I’m here to say: it’s ok if you have money fears with the coronavirus. Those fears are valid. Instead of denying that times are scary let’s face it head on.
I know what it’s like to be afraid and have your life turned upside down in a moment. The last year or two of my life I’ve experienced trauma, anxiety, depression, and isolation. My burnout led me to take time off for a sabbatical. For the majority of last year, I didn’t work and made my all-time lowest income.
- How Much I Spent This Year (Hint: It’s A Lot Less Than You’d Think)
- How to Embrace Chaos in Your Financial Life
You might be afraid of losing your job (or have already lost your job). Right now, your fear could be from the stock market decline. Or maybe you already felt a sense of helplessness with debt and are afraid of your debt spiraling more out of control with a downturn in the economy.
U.S. News reported that more than 16 million Americans have filed for unemployment in three weeks. This is record-breaking and the highest since the Great Depression.
In this video we’ll dive into three counterintuitive steps to conquer coronavirus money fears.
This process was adapted by Dale Carnegie, best-selling author after the Great Depression.
You’ll learn how to:
- Name your fears and pinpoint what exactly you’re afraid of
- Validate what you’re worrying about versus deny your fears
- Examine your catastrophic (the-world-is-ending) type of thinking
- How to mentally accept your worse-case scenario
- Reduce fear by examining ways to improve your worst-case scenario
Next week, we’ll discuss how to increase your income during the coronavirus pandemic. I’ll share tips from how I went the majority of the year without my standard income.
I’d love to hear from you! You don’t need to figure this money stuff out alone. If you have a specific coronavirus money fear, let me know what’s on your mind. I’d like to answer those questions later in this series.