{"id":17955,"date":"2014-07-17T09:07:02","date_gmt":"2014-07-17T13:07:02","guid":{"rendered":"http:\/\/canadianbudgetbinder.com\/?p=17955"},"modified":"2025-01-31T05:30:41","modified_gmt":"2025-01-31T05:30:41","slug":"financial-fears","status":"publish","type":"post","link":"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/2014\/07\/17\/financial-fears\/","title":{"rendered":"How to tackle financial fears so you have no regrets"},"content":{"rendered":"

CONQUER YOUR FEARS TODAY<\/span><\/h2>\n

Some people have a fear of needles and others have a fear of driving but many people have financial fears and although it may not seem as dangerous it can turn someone’s life upside down.<\/em><\/p>\n

Have you ever wondered why a child might not have as much fear as an adult? It’s because they have a curiosity that we as adults should adopt in order to surpass what we fear the most, risk.<\/p>\n

Recently I took to my Facebook page to chat to my fans about financial fears. I wanted to know what their financial fears were so I could see just where people were at with-in my community of fans. Not everyone lives in a financial la la land<\/a> but they do have fears and they are legitimate fears that are common to you and me.<\/p>\n

I was not shocked at the results even though I had just over 40 women comment and no men. I held a contest giving away a box of hair dye hence the abundance of women that commented but my intentions were not to write a blog post around the results. I had a coupon I wanted to see go to someone who could use it and asked a question that I thought might give me some insight into their financial world.<\/p>\n

Once I read the comments I knew I had to talk about financial fears. What I wonder is whether men have different financial fears than the women? Maybe I’ll have to give away some tools next round to get the men to come out and share their thoughts. \ud83d\ude42<\/p>\n

I am happy with the results but more so from a sense where some of my fans weren’t shy to tell everyone what financial fears plague them. I believe keeping your financial fears inside only helps to bottle them up and holds you back from doing something about it<\/em>. There is always going to be someone who might have a tip or ten to share with you so you can move forward and tackle your fears.<\/p>\n

When I read over the financial fears of those fans that shared them I wasn’t surprised to read that two fans said they had no financial fears at all<\/strong>. OK, maybe I was a bit shocked but I only came to three conclusions about them. Sometimes we are our own worst enemies<\/em> and having no fear means that we are conquering it before it enters our mind. Am I missing anything?<\/p>\n

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  1. They have more than enough money to get them by and are financially sound<\/li>\n
  2. They don’t let any type of fear bother them<\/li>\n
  3. They don’t want people to know they may fear something or are struggling<\/li>\n<\/ol>\n

    Even though the wife and I have a house that is paid in full <\/a>and no debt to our name whilst under the age of 40 we still have financial fears.<\/em> I can’t imagine not having any at all but even if we won the lottery there are some sort of financial fears that differ from the norm that would also creep up. Just saying.<\/p>\n

    I believe that everyone has financial fears based on their situation and not every fear is equal to the next person depending on what they want from life. Not everyone wants the bells and whistles and are comfortable just making sure the bills are paid and food is waiting for them in the kitchen.<\/p>\n

    Fear is a behaviour that I believe takes path in our lives to get from fear to the motivation to execute that fear. We base our fears on past and present experiences and depending on what we expect from the outcome and how our plan of the fear falls into place we may or may not move forward with a decision to take action.<\/p>\n

    Some of our financial fears revolve not only around retirement but also having kids. If we were to have kids could we afford them? Sure we could put the baby budget<\/a> into play now which is a great idea and we might just do that but it goes deeper. Once you have kids money starts to evaporate but I know that it doesn’t have to be that way if we plan ahead and on a continuous basis.<\/p>\n

    We also know that if there isn’t some element of risk in our lives what we fear may we will never overcome. If you wanted to become a doctor and thought you couldn’t do it, if blogging was your passion and you wanted to give up your full-time job you fear what others’ will think. Fear is very powerful and if we let that power overcome us we will never get or have what we want out of life. Don’t let self-doubt hold you back. Everything in life is… a RISK!<\/p>\n

    We also fear retirement like many others. Will we have enough money in retirement to sustain the type of life we want to live? Should we have a plan B just in case? This is another reason it’s important for us to invest our money wisely while we are young.<\/p>\n

    We aren’t investing pros and never professed to be so we have a financial advisor (I know many of you might cringe) but if you don’t know how to invest on your own you have to put faith in someone else to help you get from point A to point B.<\/p>\n

    Some other fears we have are:<\/strong><\/p>\n