Cohen Taylor and Wendell Clarke, Behavioral Wealth Specialists at Wealth Enhancement Group were featured by CNBC in “Stressed Out About Money? The No. 1 Way to Worry Less, From Behavioral Wealth Specialists.”
“Things are getting more expensive, and people usually have a sense of anxiety or fear surrounding inflation,” says Wendell Clarke, a behavioral wealth specialist at Wealth Enhancement Group. “This can also affect things like job security, and your money’s not going as far as it used to go before.”
There are several practices you can incorporate in your life to mitigate some of that financial stress, Taylor says. Here are a few she recommends:
• Acknowledge your feelings surrounding the economic change
• Focus on what you can control
• Be wary of the media you’re consuming about inflation, and how often you’re interacting with it
• Practice gratitude by being grateful for what you have
• Review your financial plan
• Live in the now
• Prioritize self care
For more advice, access the full article written by Renee Onque here.
