How are finances and weight loss related? Can addressing discombobulated or neglected finances have an effect on your relationship with food or keep you from weight loss? Absolutely, because disorganized finances create stress. We all know that stress can shut down digestion and decrease metabolism causing us to hold extra weight (for a more detailed description of how stress affects the body, click here). The self-inflicted stress caused by sloppy finances is so common because we are either intimidated by managing our money or don’t have enough of it. But, it’s not as hard or as intimidating as you may think as our guest blogger, Susan Glusica, Financial Representative with Wealth Advisory Group LLC in New York, shares a few tips on how to take control of your financial future.
Since most people in America today spend more time planning vacation, which is pleasurable and immediately rewarding, than they do on planning for retirement [Source: “American’s Spend More Time Planning Vacations Than Retirement” June 23, 2014, www.businessinsider.com/americans-plan-vacations-over-retirement-2014-6]—which is ironic because the sooner you start, the better off you’ll be—here are the top three uncommon ways I seek to help my clients overcome financial stress:
- As an experienced professional, who also is a coach, I consistently seek to inject awareness and transparency around money. This means being able to see your financial picture or snapshot virtually anytime or anywhere you are. Because, let’s face it, unless you know exactly where you are today, and understand how you got there, you are likely unable to improve your ability and potential to build wealth. And sure, money isn’t everything, but it sure helps your stress level if you are growing yours smartly!
- Another important part of our process is helping clients prioritize, or “chunk,” their financial plan actions. In order to best set oneself up for success and help reduce financial stress, we encourage clients to share what their dreams, goals, and aspirations are, so we can help them set up a custom, prioritized and optimal way forward to help ensure those are met, which automatically includes their needs. Think about it. Wouldn’t you be more likely to stay on track financially if you knew that your plan would work no matter what, to the extent possible, and if there were attainable milestones or stages along the way?
- We teach our clients about three types of leverage which their financial plan should strive to engage for optimal results. One of these is leveraging other people’s time (or OPT). When you collaborate with an experienced resource, it typically leads to more optimal results because you enhance your efficiencies and don’t have to go it alone, thus giving you potentially greater results than you would have or could have achieved on your own. What if you knew you could access this leverage with no obligation and little to no out-of-pocket cost? What if that way, you could learn and apply some of the wealth building approaches of the affluent?
Obviously, we have just scratched the surface, so I look forward to becoming an additional financial resource to your readers and help you begin to overcome financial stress!
The first and hardest step in unraveling the quagmire of your finances is asking for help. But that step is worth it because you stand to gain financial security and a better metabolism. Having more money AND losing weight? What could be better than that?
Susan Glusica is Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. Wealth Advisory Group LLC is not an affiliate or subsidiary of Guardian.
2014-11994 Exp. 9/2016