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6 Tips to Confront Your Money Fear

Posted by Carrie Rattle on May 14, 2016 10:00:00 AM

Fear is uncomfortable, and unwelcome in our lives. Centuries ago it kept us alive. Now, it’s more about emotional failure or social exposure. How then do we overcome a fear, and face our current situation head-on?

Introducing Jenny Powers, the bubbly, energetic and successful creator of Running with Heels, a women’s networking group in NYC. While in Vegas vacationing with her family, Jenny had the opportunity to go zip-lining.  It was on Jenny’s bucket list – the same list many of us have – adventure, making peace with those we love, and conquering something we’ve always been afraid to tackle. 

Sharing Fear Yields Surprising Results

Jenny was out of her comfort zone, afraid, and sought support from friends on Facebook while she was in line for the zip-line, floors above her. But it was time to do it. She hugged her daughter and kissed her husband “goodbye”. Did Jenny fear death? Probably not; but reaching out and sharing our fear, it enables us to receive loving support. Love boosts the human spirit and gives us courage to proceed. We feel accepted for who we are. Fearful_Woman.png

Once Released, Fear Gets Put in Its Place

The 6 levels of stairs she walked alone were scary. Jenny used self-soothing phrases like “You can do this” and “You’re brave, courageous, and you’re going to be safe”.  By the top of the stairs she was terrified. Her dear little daughter, watching from the crowd, kept Jenny sane. She needed to show daughter that sometimes being brave was important.

Jenny safely reached the other side, after enjoying the ride and losing her fear. She realized it had been far more frightening in her mind than in real life. She’d churned the fear in her mind over and over so much that it had grown out of proportion.

Replace Fear with Relief and Confidence

When it comes to facing money issues, it may not be on our bucket list, but it’s certainly on a mental “should do” list.  And it’s very likely that the money fear in our minds is so much greater than reality -regardless of our situation.  So take a step or two forward to confront it. Take a page book from Jenny’s story:

  1. Look at your list - acknowledge that tackling your money is on it. You can do this.
  2. Find emotional support from 1 or 2 key people to give you hugs along the way. We all need encouragement.
  3. Know that you are not alone. Millions of people are feeling the same way.
  4. Get in the ticket line – reach out to one of us in the industry – to help you assess the situation. No commitment required.
  5. Be brave, because you are setting an example for others who are learning from you.
  6. Feel the freedom and elation when you get control of your money.

Related Topic: Re-Frame Your Money Behaviors for Success

It’s hard to describe the relief and joy clients feel when they face their fear and take the first steps. The weight falls from their shoulders because it’s shared with their coach or planner.  Sleep comes. Confidence rebuilds. And the future becomes brighter.

 Thank you Jenny Powers, for sharing your fear and victory.

Would You Like to Talk?

 

Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. Behavioral Cents, LLC and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other’s products, services or policies.

 Carrie Rattle is Founder of Behavioral Cents and a 30-year veteran executive of financial services. Behavioral Cents helps women build money confidence, gain control of their finances, and feel comfortable making their money decisions. We work one on one in a private, non-judgmental atmosphere with a program tailored to the individual. We help women assess their financial situation and change their money behaviors for the better – without deprivation. Thoughts always welcome: carrierattle@behavioralcents.com.

 

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