These past few months have been a doozy. Hurricanes, wildfires, a mass shooting, political chaos, international uncertainty (aka North Korea getting feisty and who knows what the heck is up with Russia). Do you feel like you’re just waiting for the next shoe to drop?
Or maybe your life has been shaken up on a personal level. Are you going through a divorce, a death of a family member, or another major upheaval that has serious repercussions?
As individuals living our day-to-day lives, we usually have little or no control over these kinds of disasters. It’s sobering, really. And honestly, it can be quite discouraging and upsetting too.
But when you think “Greg Brown,” you hopefully think “control what you can.” While our world is seemingly falling apart, you can grab the reins of your financial life. Here’s your guide to getting your finances organized so if disaster hits you are prepared.
1. Stress = Bad Decisions
Let’s get academic for a second. Research shows that people are more likely to ignore long-term consequences when making decisions under stress.1 In other words, don’t go selling your house or cashing out your investments and hiding them under your bed. Take your time to work through the fears or worries that are causing you to think irrationally. Before your emotions go nuts, train yourself to lean towards the conservative side when it comes to decision-making.