One of the stages in coping with stress or a crisis, is denial. It is a natural coping stance that we use to adjust to any stressful situation. However, if you remain in denial, you’re trying to shield the truth and mislead yourself by refusing to accept reality. Being in denial for too long can lead to inappropriate decisions, misleading communications, damaged relationships and a host of other dysfunctional outcomes.
Are you in denial about certain aspects of your personal finances? Facing the reality is the first step you can take to a healthier financial life. Learn to accept that you have failed in managing your personal financial life and this means allowing an overhaul and positive changes to happen.
Do you have skeletons in your financial closet? What can some of them be? If you can identify with one or more of these below, you really need to see us for a complimentary consultation with one of our financial experts.
- No emergency funds.
- Spending more than you earn.
- Chalking up credit card debts.
- Speculating in high-risk stocks without proper skillsets.
- Disregarding the importance of retirement savings.
- Forgetting your financial life after death.
- Financially disorganised wealth management
- Overcontrolling your portfolio.
- Side-lining your investments.
- Emotional interference in your wealth decisions.
- Rich uninsured self. Poor dependants with no wealth protection.
- Undermining the effects of inflation and compounding.
- Optimistic financial myopia about the future.
- Over dependence on spouse or pensions for retirement planning.
- Preferring the status quo and do nothing.
It’s not too late!
Chat with us at 018-688 0128 or email us at info@successconcepts.biz.
