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Your mental health and money
Episode 7929th August 2021 • I Hate Numbers: Simplifying Tax and Accounting • I Hate Numbers
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Do you struggle with your mental health and money? You’re not alone. Millions of people are struggling with their mental health and money, but it doesn’t have to be that way. There is a solution!

You’re not alone. Millions of people are struggling with their mental health and money, but it doesn’t have to be that way. There is a solution!

It’s not an uncommon feeling to feel overwhelmed by debt, anxiety, depression, and the stress of everyday life.  Things become much when you take control of your finances and start taking care of yourself.

And while there are many reasons for this anxiety, one thing is certain – financial stress has a direct impact on your mental health and well-being.  This week’s podcast shines a light, shares tips, and advice.

In this podcast I am going to share four tips to help you with Your mental health and money .  Moreover, this will improve your sense of well being and improve your attitude to money.

  • First Tip : Your own behaviours and attitudes.
  • Second Tip : B is for budgeting, what some people dread but it will help restore calm, certainty and control into your life
  • Third Tip: Buying when you are not 10% and shiny bauble syndrome
  • Fourth Tip:  Your Physical and mental health.

Conclusion

Moreover, if you ever find yourself worrying about money you’re not alone. In fact, it’s estimated that many adults worry about their finances at least some of the time.

Listen to find out more.

My mission is to inform, inspire and educate you to get closer to your numbers. You can make more profits, save tax and time, improve your well-being and your money mindset.

Help me to help you and others by subscribing and sharing this episode in your network.  .  Listen now and subscribe to I Hate Numbers, so I can send it straight to your inbox every week with all the latest updates from I Hate Numbers podcast! are

If you found this podcast useful then share this episode on social, leave a review on Apple podcast, connect with me on InstagramYou TubeTwitterLinkedIn and Facebook,

Links

https://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288

https://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zins

https://www.stitcher.com/podcast/proactiveresolutionss-podcast

https://tunein.com/podcasts/Business–Economics-Podcasts/I-Hate-Numbers-p1298505/

 

Transcripts

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Your mental health and well-being have a direct impact on how you handle money in your business, and in the same breath, worrying about money has a direct impact on your mental health. In this podcast, I'm going to share four tips that will improve your sense of well-being and show you how you can form a stronger

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and more positive relationship with money.

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You are listening to the I Hate Numbers Podcast with Mahmood Reza. The I Hate Numbers podcast mission is to help your business survive and thrive by you better understanding and connecting with your numbers. Number love and care is what it's about. Tune in every week. Now, here's your host, Mahmood Reza.

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Hi folks. Welcome to another weekly episode of my I Hate Numbers podcast. My podcast mission is to get you closer to your numbers, improve your money mindset, make more money, save tax and time, and develop your financial understanding. What's not to love? Let's crack on with the podcast. Tip number one, be aware of what your own behaviours and attitudes are.

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Money and attitudes to money are shaped by many things. Our family background, our social environment, our circumstances, the circles in which we mix. We cannot change what goes on in the world, but we can certainly change how we react and behave towards those circumstances. This is within your capability to influence and change.

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What's important to understand is your attitudes, your behaviours, the trigger points to get an insight and understand your emotions. What is your emotion when it comes to paying out bills, chasing up customers for money, getting those invoices to your customers, your mood and emotion to how money is handled in general in your business?

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Now, a great way to get insight into your own relationship, your own behaviour to money, is to keep a mood journal. Now, a mood journal is a great way to capture your moods and emotions when these events occur. At the end of each day, make a note of how you felt when you came to do those things, like paying bills, having money coming in, chasing up customers.

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What's the emotion? Does it make you feel angry? Does it make you feel sad? Does it make you feel weak? Does it make you feel frustrated? Does it give you delight? Does it give you a sense of empowerment? Having an awareness of what those emotions are makes it much easier to handle and come up with strategies and tools to cope with it.

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What's behind causing us to have these potentially dysfunctional relationships with money and our health can help us identify a route map and a way of solving that. Now, this is not just analysis for the sake of it, but it helps you identify what triggers those anxieties, those things you want to improve. Tip number two, confront and deal with a dreaded B word.

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Many people get anxious over money because of the uncertainty of what the future holds for them. You might be uncertain about whether you have made enough money, whether you can take a holiday, whether you can expand your business, and you're uncertain of the cost, whether you can afford to bring in extra resources to actually help you with that workload.

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Putting yourself in control of your finance is dealing with that dreaded B word, and that B word is budgeting. So, your budget, your route ahead as the tool of your liberation and power with you in the driving seat, having more control and certainty. Once you've got a certainty of what lies ahead, then life becomes a much calmer place.

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You will know what your business can afford to spend and invest. Money can be allocated to give yourself a holiday, have recharge time for you and your family, and bring in those resources to lift the burden of running your business. Check out the show notes, folks, at the end, and I'll give you a link to some extra resources that you can use to navigate the path.

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Tip number three, avoid spending when you're not feeling well. Just in the same token, you shouldn't shop when you are hungry, you should not buy when you are feeling under the weather, when you're feeling stressed, when you're feeling unwell. Remember the mood journal we referred to earlier on? That's a great companion for you.

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Avoid shiny bauble syndrome, those impulse purchases that many of us succumb to. I myself, have succumbed to that. Plan down what you're going to spend. You may believe that that moment that what you're buying is the solution that you need to solve those problems in your business and in your life. Now, if you are an impulse buyer, if you are somebody who shops without necessarily needing that, then there are things that you can do.

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You can give yourself a limit on your credit card. You can do the Amazon approach, so as you use Amazon, or an equivalent to buy your purchases, put them in your shopping cart. Leave them in the shopping cart, but do not press checkout. Depart, come back to it, ideally, 24 hours, 48 hours later, re-look at the shopping cart, and your mood and emotion may have changed.

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You may be in that situation that you start emptying that shopping cart. If you do decide you still need those items, then go for checkout. Tip number four is to deal with your own health and well-being, the physical as well as the cerebral. It's very easy to get stressed in a business situation. It's very easy to get anxious.

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You are responsible for yourself, other people, and it may affect your physical health as well as your mental health. Make sure you stay hydrated. Make sure you drink plenty of fluids. Make sure your diet is well-balanced. It's not saying that you must only eat the good things in life, but have a balance in your diet.

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Food is the fuel that goes into your body, and it has an impact on your well-being. Relaxation, whether you're into meditation, whether you're into calmness, go for walks. Make sure your sleep patterns are such that you get no good night's rest. Mood, wellbeing, and sleep are inextricably linked. Physical activity.

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You may not necessarily want to play top grade sports, but do some form of physical exertion, whether it's going for a walk, riding a bike, going swimming, do something, and make sure you make time away from your business. If you love your business, it doesn't mean that you should live your business. You need time away.

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So, your own physical and mental health is a key ingredient to keeping that positivity going. Folks, I hope you found that useful. I hope you found those four tips on how to improve your mental health, how to improve your approach to money has been of some value. I'd love if you could share a comment, share with those who you feel will benefit from that, and until next week,

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take care of yourself, take care of your mental health, and take care of how you look after your money. We hope you enjoyed this episode and appreciate you taking the time to listen to the show. We hope you got some value. If you did, then we'd love it if you shared the episode. We look forward to you joining us next week for another I Hate Numbers episode.

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