How do you deal with financial stress?

[Ultegra134]

The problem is that the life we live now is increasingly worsening economic conditions and it is quite difficult for us to get a decent job if we don't have the skills. An ideal life that can fulfill daily needs is sufficient for some people because not everyone can achieve a luxurious lifestyle. Without work we cannot provide for our families and this is caused by the economic chaos we are facing and the unemployment rate is also increasing every day. Crime also increases when people cannot earn money for their needs because people can no longer think clearly when their lives become increasingly chaotic.

Even if they are not better than the IT and technology sectors, at least they can make money even if the income is small. For me it is better to earn a small amount of money in a stable manner than not earning anything and in my area this kind of work is still a part of being able to meet the needs of people who have not so big responsibilities.

The main concern is that technology is advancing at a very rapid pace, going to college and getting a degree won't cut it anymore. You need to constantly be advancing your skills and keep on acquiring new knowledge. With that being said, it's quite stressful to think that we're easily replaceable. I studied economics and IT isn't exactly my field. Statistics is my strong point so I'm considering to be invested into data analysis, an advancing sector which is also usually offered remotely.

I live in a country which does not treat their people like worthless livestock. If I were to lose all my money, my housing and my job, then my country would cover my health insurance, housing, living costs and even free mental health therapy. So I would not go into a state of desperation just because I have fallen on financially hard times. Personally, I am all for socialist democracy. I would rather give up half of my paycheck and never have to worry about having third-world, stone-age survival inconveniences because unconditional greed is considered to be a good thing for some reason... But most people barely know the difference between socialism and communism and they associate anything which might implicate fairness and sharing as communist (I am against communism. Because it provably has never worked).

You're lucky, they wouldn't even bother if you die of hunger here, not to mention how many casualties have been caused by government ignorance and corruption. My main question is why people ignore such situations and vote for them again. I don't think that any political party is going to save us, but the current one is a complete nightmare.

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[Hamphser]

It is not really easy and that is because we only read and hear success stories of businessmen that were already successful in the paths that they took. But if you'll ask them how they've been through, they'll answer you honestly that it is not easy.

Yes, giving a business a long time to build up before expecting a return on investment is very important as a sustenance of the business because during that time,  the business will be able to build up enough liquidity that will propel its future suitability and also geared the business towards a successful part along the line.

Although the part of being an easy aspect comes from the ability of the business owner to remain consistent and meet up with the business's daily demands and at some point the economic challenges that affects some business may be external forces such as government regulations that have a direct impact on your area of business,  so in all sense of it requires hard works,  resilience and other attributes to be able to stay ahead in business.

You need to allow yourself to learn more about the business and anticipate all the possible impacts a single mistake can harm you
with your investment, you need to allow yourself to be more productive and not just stagnant and just waiting for the outcome,

Extra efforts to learn and execute those learnings to make sure that it will help, financial stress is always present you just need to have
that ways to escape and not to let that stress to dominate but more on being productive to help yourself, either in business
or whatever investment you participate with your money.

You wont panic if you do have that kind of knowledge and experience towards the things that you are dealing with or something that you had already mold up some back up plans because you do know that you are
really that prepared on the time that problems do happen. We know that problems or challenges in life is something that it is really that inevitable which therefore we should really be having that kind of back up plan so that we would really be able to handle up such situation without really that wrecking ourselves or really that ending up on whining and crying. It is really just that very common about financial problem nowadays considering that economy becomes worst as years passing by plus with those inflations and other correlated things becomes even more severe.

This is why it would really be that ideal that you should have multiple income sources rather  than on focusing one. Spending on needs and expenses would definitely be that affect you out so badly
and if you dont like on being shorted when it comes to budget or you do find out that its already not that enough then it would really be just that right on what are the things that you must do.

[Wiwo]

This is why it would really be that ideal that you should have multiple income sources rather  than on focusing one. Spending on needs and expenses would definitely be that affect you out so badly
and if you dont like on being shorted when it comes to budget or you do find out that its already not that enough then it would really be just that right on what are the things that you must do.

Yes in business or real life one needs to set up a reserve balance,  this way When challenges happen along the line,  you have something to fall back on and that way it will make the impact of the challenges to be less on you and won't take away from you capital as a business person,  or pushing you into debt just to pass through such challenging phase on the long run,  and more also having multiple sources of income os another great way to keep yourself prepared ahead for any possible financial problem that may come along your way.

Having financial freedom and independence go a long way to how one survives through any economic situation and what the impact of such will be on the financial well-being of that individual.

[red4slash]

This is why it would really be that ideal that you should have multiple income sources rather  than on focusing one. Spending on needs and expenses would definitely be that affect you out so badly
and if you dont like on being shorted when it comes to budget or you do find out that its already not that enough then it would really be just that right on what are the things that you must do.

Yes in business or real life one needs to set up a reserve balance,  this way When challenges happen along the line,  you have something to fall back on and that way it will make the impact of the challenges to be less on you and won't take away from you capital as a business person,  or pushing you into debt just to pass through such challenging phase on the long run,  and more also having multiple sources of income os another great way to keep yourself prepared ahead for any possible financial problem that may come along your way.

Having financial freedom and independence go a long way to how one survives through any economic situation and what the impact of such will be on the financial well-being of that individual.

When our economy is good or fine, that's where our financial stress actually begins, I mean how conscious we are to prepare for something difficult that might happen to us. What usually happens is that when we are in a good economy we forget that it won't last forever, yes I say this based on my personal experience. In the end we will be stunned and regret why we didn't realize and prepare well for the future.
For me, apart from the economy, we must also pay attention to health, because how many people end up having to suffer because of their health problems. We really need to pay attention to things like this too.

[lizarder]

The main concern is that technology is advancing at a very rapid pace, going to college and getting a degree won't cut it anymore. You need to constantly be advancing your skills and keep on acquiring new knowledge. With that being said, it's quite stressful to think that we're easily replaceable. I studied economics and IT isn't exactly my field. Statistics is my strong point so I'm considering to be invested into data analysis, an advancing sector which is also usually offered remotely.

Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills to make us calculated and technology that has been developed many things that can be utilized to make money, depending on the skills we have as supporters. Whatever fields are controlled can make money, but we must dare to take the risk of implementing it.

I prefer the economic field as a runway to make money and there are many small businesses that I have built even though many have failed. What makes me like the economic field because we can become the owner of my own business even though the scope of the business that we build is still relatively small and I am typical of people who do not like dictated so that working in its own way is much more comfortable.

[Mame89]

Yes in business or real life one needs to set up a reserve balance,  this way When challenges happen along the line,  you have something to fall back on and that way it will make the impact of the challenges to be less on you and won't take away from you capital as a business person,  or pushing you into debt just to pass through such challenging phase on the long run,  and more also having multiple sources of income os another great way to keep yourself prepared ahead for any possible financial problem that may come along your way.

Reserve funds and emergency funds are really needed when doing business or dealing with our financial pressures. Business profits should not be used for personal needs, use this as our reserve fund in business. Meanwhile, the emergency fund is the financial foundation and debt is also the main thing that must be paid so that the interest does not increase and after the debt is paid off, the emergency fund needs to be replenished.

That's right, to keep our finances stable we must have many sources of income. Moreover, looking for additional money in this era is very easy, like business in today's digital era is very easy because without capital and without having a place of business or even products and services, we can do closing sales or marketing, namely selling or marketing people's goods and services. people who run businesses.
For example, you can promote your friends, relatives or traders in the market by becoming a delivery courier as an excess wage/profit.

Having financial freedom and independence go a long way to how one survives through any economic situation and what the impact of such will be on the financial well-being of that individual.

Everyone wants to have financial freedom so they can survive in any condition. To achieve this we must be able to manage the time to work hard while there is an opportunity because nothing is impossible if there is a will. Work hard on business and investments. Just like iron, which can easily be bent or shaped when it is hot and red, this is how important motivation and inspiration are, which will make us passionately hot so we can go all out in taking action to achieve financial freedom in the future.

[dothebeats]

Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills

Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere.

[JeffBrad12]

Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills

Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere.

but honestly having degree is just as important as having skills, otherwise you won't even get noticed by the HR.
its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.

[lizarder]

Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere. 

In developing countries, some companies may ask for a diploma to apply for a job and the higher the education we have, the more likely we are to get a good job. This is different from developed countries, they are more likely to look at individual skills before accepting a job. However, skills and abilities are important to make it easier for us to find work, even though the work is not in an office where we have to stay at regular working like hours.

but honestly having degree is just as important as having skills, otherwise you won't even get noticed by the HR.
its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.

If you work in an office, it may be true that skills and degrees are equally important, but if you work in the IT field, perhaps skills are the main thing you look at. Differences in needs are adjusted and if the target is to work in an office, a degree/diploma is very necessary as a requirement. But nowadays there are many jobs that require skills even though our education is not high.

[Lorence.xD]

Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills

Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere.

but honestly having degree is just as important as having skills, otherwise you won't even get noticed by the HR.
its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.

Attaining some degree to a specific course it's more like honing your skills. You wouldn't get that diploma without passing an exam, which determine if you are qualify to graduate. Knowing that you passed and graduated when you apply for a jobs, for sure companies would prefer employees that have educational background especially if the position you're taking requires knowledge and skills, that some would be needing years to achieve. Well, in work there's always a training days so you would be familiar on how things work in your job it's like a demo, so they could observe if you're fit to the role. And interviews leave impression to the HR so you'll have to be prepared for random questions.

[odunybiz]

This depends on the country you are. Finance stress can be control if you study your environment and understand what could be done to increase income and minimize spendings.

[Natsuu]

This depends on the country you are. Finance stress can be control if you study your environment and understand what could be done to increase income and minimize spending.

Not only that, I think it's within the understanding of what kind of life you want to live and work towards it. Struggles would also the sacrifices. In the meantime, you might not be able to get what you want or the things you are craving but you use your time, money, and assets to build a legacy, a business, or any money-making skill to develop yourself and be ready for the wealth you want to accumulate.

You will struggle because you have to make ends meet, buy the thing you wanted to buy, appliances, save, and invest.

[Pejoh Asu]

I'm currently still in school and in about 2 years I'll graduate, seeing the difficult economic situation in my country and the news about unemployment of course makes me ready to start my own business, currently I'm also looking for income from the internet by selling online and I think the results are satisfactory, and Facing a difficult economic situation, of course we must always be creative and dare to try.

[dothebeats]

I'm currently still in school and in about 2 years I'll graduate, seeing the difficult economic situation in my country and the news about unemployment of course makes me ready to start my own business, currently I'm also looking for income from the internet by selling online and I think the results are satisfactory, and Facing a difficult economic situation, of course we must always be creative and dare to try.

First of all, good for you! It's always nice to have a plan and a strategy to get you started. I suggest taking up more skills and developing any skills that you already have so you can take advantage of them when you want to have more channels to get income from.

[uswa56]

I'm currently still in school and in about 2 years I'll graduate, seeing the difficult economic situation in my country and the news about unemployment of course makes me ready to start my own business, currently I'm also looking for income from the internet by selling online and I think the results are satisfactory, and Facing a difficult economic situation, of course we must always be creative and dare to try.

Preparing yourself to start a business will be much better than just relying on the education you have completed because currently there is no guarantee that highly educated people can get the job they want. For now, if we are creative, we can get income from anywhere, but if we don't do anything, it will be very unlikely that we will be able to have an income and be able to meet our needs.

[lizarder]

Attaining some degree to a specific course it's more like honing your skills. You wouldn't get that diploma without passing an exam, which determine if you are qualify to graduate. Knowing that you passed and graduated when you apply for a jobs, for sure companies would prefer employees that have educational background especially if the position you're taking requires knowledge and skills, that some would be needing years to achieve. Well, in work there's always a training days so you would be familiar on how things work in your job it's like a demo, so they could observe if you're fit to the role. And interviews leave impression to the HR so you'll have to be prepared for random questions.

Some companies may emphasize a diploma as a requirement for applying for a job because they create training courses when new employees are hired and without the required diploma the job is not ours. Companies have their own criteria for accepting new employees and if certain positions are being applied for, there are times when without a diploma we cannot apply. Education is not a place to hone skills because we learn about theory, unless you go to vocational school which focuses more on practice. Education is indeed a place to study, but it may not necessarily provide someone with a decent job.

Apart from diplomas, skills and experience are three things that many companies look for when recruiting new employees. That's why there are many people in the area where I live who don't work at companies because they don't fit the criteria they are looking for. On the other hand, we prefer to build our own business, even though it is small, because we don't need a diploma to develop it.

[Fortify]

The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.

I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.

I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

I relieve financial stress by trying to plan and budget as far ahead as possible. Knowing how your money is being spent, at least roughly, is essential to a brighter future because chaos will breed erratic behavior. Having a bit of flex and buffer in the budget also helps too, so you're not too strict with your spending which can take away a lot of the fun in life. You also need to be poised to take advantage of certain situations, like special offers or even deals which can pop up out of nowhere but offer a lot of benefit. Being careful with your day to day spending is super important, as one or two wasteful spending activities day to day - like expensive takeaway coffee - can eat up a lot of cash which may be better to invest elsewhere.

[dunfida]

The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.

I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.

I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

I relieve financial stress by trying to plan and budget as far ahead as possible. Knowing how your money is being spent, at least roughly, is essential to a brighter future because chaos will breed erratic behavior. Having a bit of flex and buffer in the budget also helps too, so you're not too strict with your spending which can take away a lot of the fun in life. You also need to be poised to take advantage of certain situations, like special offers or even deals which can pop up out of nowhere but offer a lot of benefit. Being careful with your day to day spending is super important, as one or two wasteful spending activities day to day - like expensive takeaway coffee - can eat up a lot of cash which may be better to invest elsewhere.

Proper planning and proper management and set out back up plans. These are the things which you would really be needing into because if you do find yourself that being impulsive on a certain situation then it does signifies that you arent that really get prepared for that or you arent aware of the probabilities could happen. Living in a world like this which does involved that financial stress because we are on day to day spending and needing to deal with those expenses that we could have and this is why on the time that you do see some shortage because of unexpected situations and turns out that you dont have that financial back up plans
then this is the time that you would really be starting to freak out.

Handling out yourself in regarding into this moment is never been simple. You would really be that simply get irritated just because you are stressed and really on panic specially if you do know that finding up some financial
backups is never been simple. We know that every problem does have its own solutions and this is what we do really start on trying out to assess and look up for possible solutions
and make things everything all right or back on track. Challenges in life is inevitable but doesnt mean that you should just simply surrender.

[benalexis12]

When it comes to financial matters, many people want it because they need it in their daily lives. Especially if they have a lot of bills to pay. A lot of money feels good, but it can also cause stress for most people. Because they lack a source that they can source from.

Even if they have a lot of money, it still causes stress for rich people because they think that there might be bad people waiting for them, the kind that don't have peace of mind. Also, it's really stressful when you know you need to pay your electricity bills because if you can't pay, the electricity will be cut off for sure, and if you can't buy food, the family will really starve, so it's really important to be able to help people these days.

[CryptoHeadlineNews]

[quote author=Pejoh
Preparing yourself to start a business will be much better than just relying on the education you have completed because currently there is no guarantee that highly educated people can get the job they want. For now, if we are creative, we can get income from anywhere, but if we don't do anything, it will be very unlikely that we will be able to have an income and be able to meet our needs.

In where I come from, you are likely to see a whole lot of unemployed graduates all over the streets, and as such I totally with you that starting a business or getting a skill is far more better than just relying on mare educational certificate, as gone are those days when certificates was given a high prestige, unlike today that the reverse is the case. So on that note, the best way to deal with financial stress is to look for a high demand skill, learn and start working either online or offline.