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February 21, 2022
Reason #7: It's on you now! Strategies to get Financially Healthy and Save Yourself from an Emotional Meltdown

Did you know that even though you Gen Xers are by nature self-sufficient, resourceful, flexible, and highly-educated, to name just a few of your admirable characteristics, you still worry about debt, paying your mortgages, ...


Did you know that even though you Gen Xers are by nature self-sufficient, resourceful, flexible, and highly-educated, to name just a few of your admirable characteristics,  you still worry about debt, paying your  mortgages, student loans for you and your children and credit card interest.  In short you are stressed about your finances, and not having enough emergency funds on hand, what your retirement will look like, and whether  Social Security will still exist.  

In this episode, PK  shares why getting financially healthy is important to your physical, mental and social well-being.

Key Takeaways and Gems From This Episode:

  • If you want to be on track to retire at age 67 you should have saved 3 times your income by age 40, 
  • If you want to be on track to retire at age 67  you should have saved 6 times your salary by age 50 and 
  • If you want to be on track to retire at age 67  you should have saved 8 times your salary by age 60.  

 The Consumer Financial Protection Bureau, talked to consumers and experts from all over the country and narrowed down four elements of financial health:

  1. Feeling in control 
  2. Capacity to absorb a financial shock 
  3. On track to meet goals 
  4. Flexibility to make choices 

If you’re constantly stressed about whether you have enough money, not just to meet the present obligations, but  for the future as well, then you’re not financially healthy.  It goes without saying that being in this situation can an  impact the state of your physical, mental and social well-being.

Is this the time for you  to start thinking seriously about your financial health?

While you’re at it use some affirmations to keep you positive and motivated.  check out  Episode 16:  (Day 2) in our Season of Affirmations : "I  will update my goals and create new challenges for myself."   You can update this affirmation to fit the context of this episode by affirming, "I  will update my financial goals and create new financial challenges for myself" 

And while you’re trying out these tips,  practice using affirmations to keep you positive and uplifted.  Choose one or two that resonate with you, and make a habit of repeating them several times throughout the day, especially when you wake up in the morning, and at night before you go to bed. 

Try to be aware of how your mind and body react to your practice of repeating affirmations.  So grab your FREE Affirmation eCards Just click the link! 

Hey, if you enjoyed this mini series, hit me up and let me know how this series impacted your self-care practices.  You can leave me a message on my website  on twitter, FB or instagram,  all linked below.

Resources:
"...pandemic related closures" 
" Here's how much money you should have saved by age 40..."

Connect with PK!

Website: https://www.mommasmotivationalmessages.com
Twitter: https://wwwtwitter.com/.momsmotivations
Instagram:
https://www.instagram.com/momsmotivations
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