Money has various meanings for people. For many, it can mean security, and, right now, that desire for financial security is being threatened for millions of people and it’s causing a lot of fear, worry, and anxiety.
We all need to work internally with our fear and stress response so that we can stay flexible and make the best decisions possible in this fast-changing and unpredictable climate. We are all being affected (with some in more painful ways than others, so personal game plans will differ).
My guest, Thomas Faupl, LMFT, SEP has joined me, once again, to discuss ways in which people can take action to manage their anxiety around financial insecurity during this challenging time.
People do not make good financial decisions (in general) when they're in a stress response.
Before you begin to make big decisions regarding your finances, he suggests that we take steps to discourage stress and desperation (so that our minds are not hijacked by our thoughts).
Here are some ideas to calm your amygdala (to calm the fear and anxiety):
Once you've calmed your amygdala, you can begin to use some of these practical tips to help manage any financial insecurity:
Thomas Faupl, LMFT, SEP is a licensed psychotherapist in private practice in San Francisco. He specializes in developmental trauma, anxiety, and the psychology of money. Thomas is certified in EMDR and Somatic Experiencing and works with individuals and couples in person and via video.
Concurrent to being a Marriage and Family Therapist, Thomas was (for over 14 years) a Certified Consumer Credit Counselor, which has deeply grounded him in the household financial issues that clients struggle with. He assists clients with working through blocking beliefs, behaviors, and relationship conflicts to have more success, abundance, and peace of mind with money.
Get in Touch with Thomas Faupl, LMFT, SEP
Get in Touch with Susan Regan, MFT
If you're interested in joining one of my support groups or workshops, please click here to learn more. Look out for more guest speakers over the next few weeks, who will help provide additional guidance and tips to help you get through this challenging time.