Friday, February 24, 2012

5 Ways To Turn Money Stress Into Money

Via divorce360

1. Mental Transmutation
Okay, I'm not some new age freak but I thought that might get your attention.  Mental what??  I study ancient philosophies -- Eastern, Egyptian, Indigenous.  That's just my thing.  And there's a concept which involves changing your mind state and I believe it works.  And if any of you are familiar with  The Secret you'll know what I'm talking.  While I'm not a fan of The Secret myself I am a fan of the ancient wisdom that it pulls from.

Mental Transmutation, refers to the art of changing and transforming one's own mental states and conditions, as well as influencing those of others.  Not only can it relax you but by concentrating on money and abundance (not lack) you can draw money into your life.  I know this sounds unbelievable but...well it can't hurt to give it a try can it?

Examples in my life: I'm a freelancer.  It's easy to let myself worry about the next gig.  Instead of worrying I work on mentally releasing that stress and turning it into faith and certainty that I will make a good living doing what I love.  I repeat this in my head: I make a good living doing what I love.  (I used to say I will but have since changed it to the present).  I repeat this over and over and then I let the Universe handle the rest.  So far so good. 

2. Hobbies
Hobbies relax us, keep us present and give us something to focus on other than our own everyday struggle.  So take the stressful energy and apply it to something constructive.  These days, with social  entrepreneurship and the internet as an international market, many people are turning their hobbies into cold hard cash.

Examples in my own life: I have a good friend who makes a great living selling lingerie online from her apartment.  She loves to shop and loves clothes.  She found a good deal on wholesale lingerie and she's been able to set up a her own business.  She started on eBay and is always able to make what she needs and most importantly, she doesn't stress about money.  She turns that stress into figuring out how to drive traffic to her site, finding the best deals on sexy nurse outfits, and providing good customer service.  One day she may decide to open up a boutique but for now her shopping hobby  has turned into dollar bills.

3. Socializing
Socializing and being with friends is a good way to relax and get your troubles off of your mind.  Also, most opportunities for jobs and money will come from your peers.  So go out and talk to people.  Tell them your situation, ask for help.  Most likely, someone will have a solution for you.  Someone may offer you a job, refer you to a good financial adviser, or simply share their story about how they managed their own money problems.  If you take the stressful energy and share it with others, not only will your problems wane but you will be on the radar of someone who may be able to help.

Examples in my own life: Almost all of my opportunities have come from peers.  I like to talk and, unlike a lot of people, I like to talk about myself.  Luckily, I'm also a very good listener.  I share myself with friends and even sometimes people I just meet.  I talk honestly about my fears, my hopes and my plans.  I'm constantly having friends send me job posts, info about people I should meet, articles I should read etc.  The more people know about you, the more you will come to mind when opportunities pop up.

4.Get Busy
Stress tends to make us anxious.  When I'm stressed I can't sit still.  You can always tell when I'm stressed out because our apartment is spotless.  It's important to find an outlet for anxious energy.  I suggest turning that energy into work.  Information is everywhere, in fact these are  the days of the information revolution, so you get out there and collect it.  Take a class.  Study on the net. Volunteer somewhere.  Just don't waste that energy pulling your hair out, instead use it for solving your problem. 

Examples in my life: I once took a free seminar that taught proposed to teach artists how to be wealthy.  It's rare that young artists make any real money from their work so everyone has to figure out a hustle.  And most of us spend too much time stressing, rather than using that energy to come up with something clever.  The seminar I went to offered some great tips on profitable hustles (I'll expand on these in future blogs).  One of the hustles the speaker suggested was buying and selling stock options, something you can do without a financial background.  He actually gave a crash course to a bunch of artists (musicians, painters, sculptors, actors, writers etc.) on how they could leverage their money on the stock market, giving them time for their art and lots of money for their survival.  I thought it was genius. 

5. Get Hip
What are people doing for money these days.  There are no get rich quick schemes but the way people make money changes with technology and the times.  You need to get out there and find out what there is.  Design an amazing app for the iPhone with one idea that may be lurking in the back of your mind.  Make a great youtube video with that camcorder sitting in your drawer.  Write letters to wealthy people who might like your story and be able to help you.  Research investment options.  Talk to financial wizards on blog forums.  Just find out what's out there.

Examples in my life: For the first time in a while I have a decent income doing what I love.  Trouble is, as a freelancer I don't have any retirement plans automatically set up.  So I have been spending some time worrying about what to do.  I opened a Roth IRA a little while back but have yet to really make any contributions.  And just as I got in a place to make monthly payments I found out about 4N1FUND.  It's the latest thing in retirement planning.  By leveraging my individual money with money from other individuals (think Groupon) it has more buying power which increases my  retirement income when I'm ready to stop working.  As times and technology change, so does financial planning.  That's why it's important to stay in the know.

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