Your Stressed Brain on Money: 3 Steps to Make Better Financial Decisions

Your brain on money. We women in business love to believe that our logical brain is in charge when it comes to making decisions about money. If we're not in stress or fight or flight, this is true. But, when stressed, it's the emotional brain that's running the show. The research of Dr. Bessel van der Kolk, founder of the Trauma Center in Brookline, Massachusetts, shows that even people with no trauma history, but who are undergoingespecially strong emotional stimulation, we shift into the right-brain (emotional) processing which shuts off logic.  

Emotions Rule - forget the budget you've set for yourself. ATTENTION shoppers - this is WHY - when you come home from a super stressful day at work, your kids are after you for attention, you have to cook dinner, get the homework, etc. and FINALLY, emotionally exhausted, you turn to the internet to do a little SHOPPING and spend more than you had intended. 

I talk to women in business every day who would love to be able to know how to manifest more money, but are worried about credit card debt, saving 6 months earnings for a cushion account, retirement, their children's education, AND have HUGE credit card debt.

What's happening with the brain here? INSTANT GRATIFICATION vs. delayed gratification. Dr. Krueger author of The Secret Language of Money says the logical part of brain says, "I'm saving for my future." But the emotional part says "Oh yeah - I want the money now." And, we know who wins, right?

We aren't going to change the nature of the brain, but we can help our brain make better thought out money decisions by getting the emotional and logical sides of the brain to work together.

Here are 3 Steps to Make Better Financial Decisions:

1) If you're super stressed or upset, table any decisions until you've calmed down. Going through a divorce, losing a business, experiencing an illness all hike emotion. Wait at least 24 hours.

2) Talk to a friend or preferably financial advisor or Money coach to get support and a reality check so you help your brain stay more in logic than emotion.

One of my money coaching clients saved $5,000 in one month and $60,000 over the next year by making one logical vs. emotional decision. It pays to SLOW down, get help and create a plan!!

3) Create a structured plan. What are your financial goals? Write out the action steps to achieve them. For example: Create a 6 month cushion account. Action Step: Only go out to dinner 1x a week. Take money saved and have it automatically deposited into a savings account. DON'T TOUCH SAVINGS.

Click Here for FREE 15 Minute Consult for any money question you have. My gift to you.

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Certified Money & Business Coach, Professional Speaker & author, Lynn Telford-Sahl, writes the weekly PowerUP Your Money blog for women in sales and small business. If you’re ready to PowerUP your Money, your Business & your JOY get your FREE Strategy Session with Lynn at www.joywithmoney.com

The Secret Time Management Question You Need to Know as a Woman in Business

Women Business Owners: What’s the Secret Time Management Question you need to know? Are you like most women who struggle with “TIME MANAGEMENT”?

As a Money Coach I ask women to check in when feeling unfocused or stressed about work, with this SECRET Time Management Question “Is the activity I’m doing right now REVENUE producing?”  Boom! Don’t ignore your answer or make excuses or answer that text to distract yourself. Just listen to your answer. That’s right – If you’re not able to stay focused and keep your attention on revenue producing activities during your workday – why are you in business? Remember the saying? If we’re not making money, we have a hobby business. Yikes.

Financial Coaches and experts say that, depending on our profession, we want 20-30% of our time each day spent on specific revenue producing activities. Do you know how much of your time is going exactly where? If not, do you know how to figure that number out? See Bonus Discovery Session below and I’ll personally help you.

3 Time Management Ground Rules:

Do you have any limiting beliefs about your time and money? These ground rules in place for answering emails and attending to work related social media? The first rule is to keep to business only during the workday. Second Rule: Turn off automatic pings or alerts for email or texts -TOO DISTRACTING. I never have them on.

Rule Three: Have regular times you call people back or answer emails. I suggest first thing in the morning, mid afternoon – just after lunch - and evening before you quit for the day. Try these  simple rules for the next 30 days – they will make a big FOCUS difference for you.

BONUS: I am now offering a Complimentary PowerUP Your Money & Your Business Discovery Session to get at the heart of your money & business challenges to be able to manifest breakthroughs. This session is all about helping you know what’s working with your money & your business and where the breakthrough is for you. There’s no obligation or pressure.

Guarantee:  I will help you answer the Revenue question – how much of my day – EXACTLY – is Revenue Producing. And, I guarantee you will get an answer to the Revenue question or one other burning money or business question during the Discovery Session.

Call Lynn at 209 492-8745 to set up your personal appointment now, or email at lynntelfordsahl@gmail.com  

WANT TO USE THIS ARTICLE IN YOUR NEWSLETTER OR ON YOUR WEB SITE?

You can, as long as you include this complete blurb with it:

Certified Money & Business Coach, Professional Speaker & author, Lynn Telford-Sahl, writes the weekly PowerUP Your Money blog for women in sales and small business. If you’re ready to PowerUP your Money, your Business & your JOY get your FREE Strategy Session with Lynn at www.joywithmoney.com