We start off by sharing some of our own financial anxieties. Finances can be one of the most stressful and anxiety-ridden topics for many people. Anxiety is normal, and we all have it to some extent or another. We can do many proactive things to cope with and mitigate our financial anxieties.
All the financial anxieties we’re talking through can be solved or mitigated thru a combination of three things:
- Education
- Preparation
- Community
We talk through the financial anxieties that our listeners shared on instagram. They fall into a few main categories:
- Spending Money + Budgeting
- Having enough / Retirement
- Relationships + Family
- Housing
- Investing, stock market volatility, inflation, recessions
- Health insurance + medical costs
Top 3 takeaways:
- Financial anxieties are a real thing! We all have them to some extent or another.
- You can do things to cope with and manage these anxieties proactively.
- Appreciate how far you’ve come already (just for listening to a financial podcast, seriously), and then continue forward thoughtfully on your financial journey.
Show References:
- Netflix documentary - Get smart with money
- C FIRE simulation tool
- #148 | 8 ways to tackle your financial fears
- #130 | Where meditation and money meet
- #060 | Budgeting vs. Tracking Expenses
- #083 | Travel Hacking with Julia from Geobreeze Travel
- #134 | Travel hacking our way to 1 million points in 2022
- #006 | Finding Freedom – Pillar #3
- #095 | How to stop caring what people think and start living
- #112 | How to know if you are FI
- #138 | How a family of 5 can afford to retire at 41 and 43 (part 2 of 5)
- #160 | Debt-free college with Jason Brown
- #034 | Split or Combined Finances
- #109 | Talking to your partner about money
- #056 | Paying off your mortgage is a great investment
- #133 | How to put a value on your time
- #123 | The one thing you need to do to plan for a traditional retirement
- #068 | 5 Simple Steps to Investing
- #158 | Control your lifestyle to find financial freedom
- #139 | Medical insurance in early retirement (part 3 of 5)
- #128 | Creative ways to save on medical expenses
- #096 | Freedom is the ultimate financial goal, not retirement
- #042 | The Fioneers Interview
- #158 | Control your lifestyle to find financial freedom
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Follow friends on FIRE
Leave us a voicemail or text us: 404-981-3370
eMail us at: friendsonfiremm@gmail.com
Visit our website: www.friendsonfire.org
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Other Links
Maggie’s Blog: Mostly Minimal Life
Mike’s Book: Your New Relationship with Money