EP293 How to Cope with Financial Stress

Young Money with Tracey Bissett

Today we delve into the findings of the 6th Annual Financial Stress Index released by FP Canada, which reveals that money remains the number one stressor for Canadians. In this episode, we share actionable strategies to alleviate financial stress as we go beyond the numbers and engage in a candid discussion with The Real Bottom Line host Wendy Brookhouse and Financial Therapist Aseel El-Baba.

You will learn the reasons behind the escalating stress surrounding finances, leading many to feel hopeless in their financial journey, as well as the sense of disempowerment that arises when we perceive our finances as being beyond our control. Listen in as we explain the significance of evaluating our income and shifting from a scarcity mindset to one of abundance.

“People are feeling as though their finances are outside of their control which is very dis-empowering. These are things we are in control of but because there is so much happening it is like a tornado sweeping us off of our feet and that is causing a sense of hopelessness when we lose touch with the things we are in control of.” - Aseel El-Baba

This Week on Young Money:

• The results of the 6th Annual Financial Stress Index from FP Canada.
• The number of people losing sleep around money.
• Why so many people are feeling hopeless when it comes to finances.
• What has led to the inflated stress around finances.
• What you can focus on right now that will increase your confidence with money.

Key takeaways:

1. You are in control of your finances.
2. Understand how much your income is.
3. Shift your mindset from scarcity to abundance.
4. Think bigger than the box you put yourself in.

Connect with Aseel El-Baba:

• LinkedIn
• Conscious Economics
• Mindfulness Money
• Conscious Economics LinkedIn
• Conscious Economics Podcast

Connect with Wendy Brookhouse:

• LinkedIn
• Website
• Black Star LinkedIn
• Facebook
• Twitter

Resources Mentioned:

• EP063 Money Mindfulness with Jessica Moorhouse
• EP224 Get the Hell Out of Debt with Erin Skye Kelly
• EP227 Money Like You Mean It with Erica Alini
• EP229 Rich Girl, Broke Girl with Kelley Keehn
• EP238 Get Your Mindset and Money Right with Zandile Chiwanza
• EP249 Control Money Movements with Interac
• EP262 Taking Control of Our Money with Kelley Keehn

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