How many times have you said, "I will have to wait till my next paycheck". Or "Is it payday yet?"
Who cares when payday is? You shouldn't be concerned when you get your next paycheck. It's too stressful. Why live a life of such intense stress?
“Regardless of the economic climate, money and finances have remained the top stressor since our survey began in 2007. Furthermore, this year’s survey shows that stress related to financial issues could have a significant impact on Americans’ health and well-being,” according to the American Psychology Association CEO Norman B. Anderson.
In a recent survey, which was conducted by Harris Poll on behalf of APA among 3,068 adults in August 2014, found that 72 percent of Americans reported feeling stressed about money at least some of the time during the past month. Twenty-two percent said that they experienced extreme stress about money during the past month. For the majority of Americans (64 percent), money is a somewhat or very significant source of stress, but especially for parents and younger adults (77 percent of parents, 75 percent of millennials [18 to 35 years old] and 76 percent of Gen Xers [36 to 49 years old]).
The Journal of Clinical Psychiatry found that "People in their 20s and 30s reported having the highest levels of depression, anxiety and stress, plus the lowest levels of happiness, satisfaction and wellbeing. Older people, surprisingly, were the happiest. Depressive symptoms in late life have declined from 1998 to 2008. Other research supports a worsening trend for younger adults, who seem to have more depression and anxiety than youth in recent decades."
How does this make any sense? Isn't life supposed to be great while young and youthful? Of course life should be great. But the decisions people make prevent them from enjoying the journey of life. Young people are shackled with debt. Millennials have expensive college degrees. As a result, they are forced to take high stress jobs to pay for their education. Competition and pressure to compete is on every young recent grad's mind. Older people are less concerned about promotions because they are not working for money. They don't have to take jobs that they don't enjoy. Instead, they pursue passions.
Again, it is possible to become financially free. You must invest in yourself and spend the time to become financially literate. It is my opinion that those who are completely financially free are less stressed. They are not forced to take promotions that require 60 hour work weeks. The financially free have time to take vacation. They have the freedom to choose. That is the difference. Choice. The decision to pursue whatever hobby, career, or interest is exhilarating.
Don't fall in the trap of being financially strapped. This will only add to your stress level. Choose to be financially free. It will take time but it is possible. Life is too short to be financially broken and stressed!