Four ways to stay connected and make good decisions during times of crisis.
Historic inflation, the fluctuating stock market, war and the ongoing pandemic very well may have made your “new normal” one of stress and concern. What can help ease the pain is knowing that we are truly all in this together.
It may sound simple, but there is comfort in connecting. While we can’t change some of these events, we can help safeguard our physical, emotional and financial health. So instead of finding frustration, look inward and take these steps to make more connections and safeguard your wellbeing during these unprecedented times.
Withhold judgments.
It is easy to be judgmental of others, but everyone is human and has equally important differences. While some people may be sailing through these uncertain times without any financial hardship, some may be taking one day at a time and wondering how they will make ends meet. Our lives unfold differently and that is ok. We are all just trying to navigate the waters.
Engage in more conversations.
You might be used to passing people on the way into a store or while walking at the park, without even looking their way. Acknowledging others can have a very positive influence. When you’re in line in Starbucks, rather than looking at your phone, turn to the person around you and say hello, or even offer to pay for their coffee if you can. These acts go a long way in creating experiences, developing conversations and gaining new perspectives.
Ask questions and be curious.
No one knows exactly what someone else is experiencing unless they have been in their shoes. So why not ask – How are you? Finances, health, and many other ups and downs can be therapeutic to discuss. Plus, curiosity can go a long way toward developing new connections and sharing empathy.
Assess your defenses.
We all have natural reactions to risk and fear of any kind. They can be powerful. Some of us are afraid to lose loved ones and others are afraid of financial hardship. Remain aware of your defenses as they can be limiting when it comes to others. It might be a good idea to reflect on where your emotions come from. Instant reactions based on fear may land you in trouble.
If you are having concerns about your financial situation and have questions, schedule an appointment on Bayntree’s online calendar by selecting the date and time that is most convenient for you! You can also always reach us by emailing info@bayntree.com.
Bayntree Wealth Advisors provides comprehensive financial planning and wealth management. The Bayntree team specializes in all aspects of financial health, including retirement planning, risk management, investment advice, tax strategies, estate planning and insurance.
Bayntree does not provide specific legal or tax advice. Please consult with your tax advisor or legal professional for guidance with your individual situation.
