This week I'm proud to have colleague Christine Mathieu share with Barry Capital's Client's, colleagues and friends, her thoughts on optimizing life even during transition. As a Financial Life Planning Advisor® she too believes as I do, that the most important step is to design your life first and let your financial evolution flow from that best of all starting points.
Life is expansive—one experience after another defining who we are as individuals, how we perceive ourselves as well as those around us. If we take the time to review each life experience, we will come to realize that our lives are abundant with change. I have always believed that the only constant in life is change. How we respond to and initiate change will have everything to do with how well we manage our lives, our finances, and the happiness we come to experience.
Intellectually, we know that we cannot stop change. Yet, most people when faced with change exhibit some type of negative response…fear, anxiety, insecurity. Some even experience physical ailments or illness. I once read about a couple, who back in the 1980’s, had been interviewed on the Today Show for just having won a multimillion dollar lottery. One would think that winning the lottery would be a good thing, right? Apparently, the couple showed anything but excitement. Instead they looked as if they had suffered a tragic loss. If you think about it though, perhaps their loss was their sense of identity, who they once were before they came into this influx of money, power, and energy. Change, whether expected or unexpected, will have a profound effect on the decisions we make, the opportunities we seek, and how we feel about life and new circumstances.
“Accepting and blessing our circumstance is a powerful tool for transformation.” ~Emmet Fox
William Bridges, author and preeminent authority on change and managing change, defines transition as the psychological process people go through to come to terms with a new situation.
Marriage, divorce, parenthood, career/vocation, retirement, death/legacy, are all examples of life transitions. It is important to understand that in order to successfully navigate any life transition, both practical strategies and emotional fortitude are required. I have found, personally and professionally, those that are most resilient and successful embrace change openly, willingly, and with a positive mindset.
Financial resilience requires self-confidence. This is achieved by becoming aware of your fears and behaviors in regard to money, and by working to overcome the underlying issues. One way to get the process rolling is by asking empowering questions—“What can I learn from this?” “Am I ready for a different situation?” “What can I do now to feel better?” Questions like these promote personal growth and development. Your answers will help you to recognize that within every life transition lays the opportunity to create a more joyous, abundant, and purposeful life. As you begin working towards greater money consciousness, please be aware that there is no ticking time-clock. Proceed thoughtfully and deliberately. Patience and perseverance will further support successful life transitions.
Recognize that with any life transition the cycle of “death and rebirth” is at hand. Perspective is a choice. A part of your life may have ended and at the same time your life is beginning new. Change and transition can foster liberating experiences; building self-confidence and ultimately, self-empowerment. As you continue to seek and respond to change in healthy and productive ways, you create a life of ease, happiness, and financial success