How To Cut Through Financial Fear

How To Cut Through Financial Fear

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How To Cut Through Financial Fear

None of us is totally free of fear.  Especially financial fear.

Even if everything looks hunky-dory on the outside, we still might get those 3 a.m. panic visits.  Is our business concept nothing other than a one-woman fantasy?  Will that commission check arrive in time to pay the mortgage?  Should we have listened to that guy who told us what investments to put into our 401k?

Cable news doesn’t help.  Few of us are immune to the fear-mongering of the talking heads.  (But remember, they have 24 hours a day to fill.  And if the news isn’t catastrophic, how will they attract the viewers their advertisers demand?)

So, besides turning off your television, what else can you do to push through the financial fear?

First, look at what wolf you’re feeding.  You’ve probably heard that wonderful Cherokee tale (if you haven’t, I wrote about it here), where the old man is teaching his grandson about the two wolves he has battling within him.  One is riddled with negative characteristics and the other is the epitome of benevolence and kindness.  The grandson asks which one wins the battle, and the old man says, “The one you feed.”

Your fears are no different.  The ones you feed with thoughts and energy get larger.  The ones you minimize or ignore shrivel up and die.

Second, get away from all naysayers.  If you have a dream and that dream is bigger than someone else’s, what chance is there is of that person raining on your parade?  Especially if (at least in their mind) your success will somehow affect their relationship with you … move you on to bigger and better things where maybe you’ll have less in common.

We hear enough doom and gloom in today’s economy.  You don’t need to take on someone else’s bad vibes.

Third, let go of all potential regrets.   It’s so easy to live in the shudda-cudda-wudda space, second guessing every decision you’ve made.  But that’s a recipe for total brain-drain and energy depletion.  Remember, every decision is a ‘Y’ … a fork in the road.  And once a decision is made, you don’t get a do-over.  But no one makes perfect decisions all the time.  So if you make a bad one, let it go.

Learn from the consequences and then release what “might have been.”  Truth is, you have no choice, so you may as well forgive yourself, make the best of it and move on.  And by staying away from negative energy, you’ll find that fear has no way to latch on to your thoughts.

Fourth, find a couple of powerful mentors.  You want to choose people who have been successful doing what you’re aiming to do.  Not only can you shortcut your journey if they’re willing to guide you.  They can also help you save time, money and energy by avoiding unnecessary pitfalls.

Once you find people willing to be generous with their time and knowledge, be sure to nurture the relationship.  While to some degree we all function based on “what’s in it for me,” you’ll be pleasantly surprised at what nurtures them.  It’s probably not what you think.

And fifth, get crystal clear on your vision and talk about it confidently.  Nothing breaks through fear faster than confidence.  And confidence comes from that inner knowing that you’re on the right path, headed towards something compelling … like a vision that you see in your mind’s eye in minute detail.  Down to the smells and sounds.  Down to the visceral level.

So imagine this:

If you have a clear vision which you talk about confidently, what chance do you think you have of attracting a couple of powerful mentors?

And if you have a couple of powerful mentors, what chance do you think you have of slicing through any momentary regrets?

And if you have no regrets, how long do you think you’re going to hang around all those naysayers?

And if you don’t hang around naysayers, what wolf do you think you’ll be feeding?

Case closed.

So how do you let your financial fear get the best of you?  And what do you do to tame it?  Let us know in the Comments section below.


Bio: Sharon O’Day lost everything at age 53: her home, her business, everything. But how could that be? She’s an expert in global finance and marketing with an MBA from the Wharton School. She has worked with governments, corporations, and individuals … yes, she was the secret “weapon,” if you will, behind many individuals in high places. Yet she did! Since then, with her finances completely turned around, Sharon has gone on to interview countless women. She’s done extensive research to understand how that could have happened, especially with her strong knowledge of numbers and finance.

The surprising answers are shared in her posts, articles and an upcoming book. Today her mission is to show as many women as possible how to become financially free for the long term, through her coaching programs. She has developed a step-by-step plan to get past all the obstacles that keep women broke and scared … and from reaching the financial peace of mind they so deserve … if they’re willing to do what it takes!

  • Excellent tips and advice to minimize fear! All add up to positive energy!

    • As you know, Denny, staying in that positive zone is more powerful than most people want to admit … 😉

  • Marta

    Sharon, this is a very powerful message that demands powerful accion. God bless

    • Even just one of them can make a difference … and following the entire chain (whichever pieces apply) multiplies the effect exponentially!

  • Belinda

    Dear Sharon, I greatly appreciate you for your courage in sharing your personal life experience about money. WOW!!!
    I happily and eagerly look forward with great intent to acquire your business serivces.
    With gratitude always…

    • Thank you, Belinda! At some point we each need to decide what’s important to keep in our private mental files … and what’s important to share. When I realized how many could learn from what I did and learned, any hesitation to not share went out the window!

  • Perfect advice, Sharon. I can’t even pick a favorite! Confidence really does put fear in its place!

    • And confidence is one of the things we really can “fake it til we make it” because so much comes from self-talk! And it builds on itself so effectively …

  • Alexandra McAllister

    Thanks for sharing such valuable advice, Sharon. I’m presently reading “Zero Limits” by Joe Vitale that has helped me tremendously.

    • Zero Limits is an interesting read, Alexandra. Let us know what you think once you’ve finished and have started applying what you’ve learned!

  • I agree on your points, especially about getting crystal clear on our mission and vision. If we are muddled in our thinking at the beginning, we’ll be muddled in our results at the end! Truly enjoy your blog!!!

    • Or mud in, mud out. Even when we get a clear vision, Lorrie, it’s so easy to get distracted or allow it to get foggy. So it’s an iterative process and we need to stay on guard. Glad you’re enjoying it!

  • When you get crystal clear and stop feeding the wrong wolf, fears do disappear. These are such good strategies and I really appreciate the “find a couple of mentors” idea. It is such a good way to learn. Love the advice, thank you!

    • So many of us don’t think of finding mentors when we’re building our businesses … as if mentors were only for men working their way through a corporate career, for example. Not true. We need them too … and they’re out there, waiting!

  • All great points as usual… bottom line, Focus on the good, let go of what is not serving…

  • I love this line, “every decision is a ‘Y’ … a fork in the road.” These are all wonderfully powerful tips, Sharon. Thanks for another great post!

    • Lisa, I once sat down and thought of all the forks in the road that led me to where I am today. I realized I could never have planned it … but was most amazed by the fact that the greatest changes came from what appeared to be small, insignificant decisions!

  • Amy Marin Carlson

    Sharon, I always find some wisdom in your posts which cause me to rethink something personally. This one was no exception. As with all things, we have a choice as to how we approach the issue of money, and it can make or break us. Good thoughts here.

    • Glad you found some pearls, Amy! Hopefully, by getting people to think of things … or rethink them … it will lead to positive change, wherever they might need it!

  • Cathy Taughinbaugh

    Good information here, Sharon. We do need to make our decisions and move on. It is much more productive to live in the present that regret past decisions. Take care.

    • Regretting is such a loss of time … and pointless! We can’t change the decision, only how we react to it … however bad. So, as I said, we may as well learn from it and keep trucking!

  • Love it…”You don’t need to take on someone else’s bad vibes.” So true, when we are not positive enough, it is so easy to pick up someone else’s bad vibes! Thank you so much, for such a great article. Love your site!

    • Solvita, how lovely to see you! I’m not surprised that phrase caught your attention as it dovetails into your great philosophy …

  • If only everyone could think like you Sharon!

  • Love your story of the wolf! You’ve reminded me that even with finances we can make a choice – it can be negative or positive. It doesn’t matter what amount of money we have or don’t have, it’s how we plan to manage it that counts!

    • How right you are, Carolyn! As the short little welcome video on the upper right says … my core message … it’s not how MUCH money, it’s what money MEANS to you and what money DOES for you … 😉

  • I always get a little inspiration in your posts, thank you for bring fresh ideas and ways to look at how we handle our money.

    • That’s my intention, MarVeena … that as readers go through my posts, they’ll find one piece after another to help truly take control of their finances and take back their power over their money!

  • I love the straightforward, to the point, way you presented this info. Thanks, Sharon!

  • Great tips as usual…. Who we surround ourselves with is so important

    • Thanks, Carly, for your support. I know you see the same stumbling blocks I see in women who could have so much more control over their lives if they were just shown how …

  • So inspiring, Sharon, this is not about finance but about life and which path we will choose, which wolf we will feed. Powerful imagery, I love it! Happy Sunday and may you crown it with a glass of beautiful Chambolle Mussigny, à ta santé!

    • What a wonderful wish, my friend! Hope we can share one like it one day … 😉

  • Carmen

    Thank you a great post. Great ideas on getting rid of those financial fears. XX

    • Thanks, Carmen. So much that we COULD do we don’t even try … because of some embedded message that makes us think we can’t.

  • fredmcmurray

    “get crystal clear on your vision and talk about it confidently” is an awesome piece of advice.

    • Just hearing ourselves talk about something out loud makes it sound more “do-able.” Glad you stopped by, Fred!

  • Lynn O’Connell

    Great advice! Letting go of shudda-cudda-wudda is critical to moving forward.

    • Lynn, while we’re somehow raised with shudda-cudda-wudda hardwired into us, it’s really just white noise that gets in our way. The key is to figure out how to neutralize it …