Tackling Fear

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.7 • 1.1K Ratings

🗓️ 30 November 2020

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The end of the year is nigh, and 2020 has been one of the most stressful in recent memory. Jesse offers some advice for those dealing with fear and anxiety during these times.

During times of fear and uncertainty, Jesse draws on Stephen R. Covey's seminal book The 7 Habits of Highly Effective People. The first habit is to be proactive and take responsibility for your reactions to events. To that end, Covey asks readers to consider their circle of influence -- What do you control? Where do you not have control? Drawing a very clear picture of your circle of influence, and defining what you don't control, can help with realizing what things you ought to be fear and what things are outside your influence, and thus should be outside your concern (or at least unworthy of spending mental bandwidth on). When people start budgeting, they often can't control what they make, but they can control some of things they spend on. So focusing on spending, giving their money a job, and following the four steps brings their attention to concrete, actionable things within their circle of influence.

Secondly, Jesse recommends learning more about the things you are fearful of. What information could you gather about a topic that would help you better understand it? If you are fearful about money, how about understanding how much you have in your checking account right now? Then take another step. What does that money need to do between now and the next time you get paid? Gathering data points and information about the things causing you fear and anxiety can help make them seem more manageable.

Transcript

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0:00.0	Hello, Winebers. My name is Jesse Meekham and this is podcast number 456 for Wineab, where we teach
0:09.5	you four rules to help you stop leaving paycheck to paycheck, get out of debt and save more money.
0:16.0	What happens when you are just feeling anxious, fearful, scared, tired, annoyed.
0:24.4	No, really fearful.
0:26.1	That's what I want to talk about today.
0:27.4	What happens when you just have this low hum,
0:32.3	like steady state hum of anxiety or there are things that legitimately are making
0:37.0	you afraid.
0:38.0	What do we do?
0:39.0	And as it relates to money specifically where we're worried about the economic side of things, how am I to do this how am I going to do that what about this what about that as it relates to money if you're fearful with your money then because it's money it can't help but just kind of spread everywhere else.
0:56.0	So today I want to just discuss two things,
0:59.2	very briefly, that will help us overcome fear as it relates to our money.
1:05.0	And again, when you're relating things to money, it can go broad very quickly.
1:10.0	But number one, you take a page from Stephen R. Covey's excellent book,
1:14.8	The Seven Habits of Highly Effective People, and he talks about the circle of influence
1:19.8	and being very clear on what that is for you.
1:23.1	For everyone it's different.
1:24.1	For some high upity up in some fancy pants place,
1:27.1	their circle of influence is very large.
1:29.3	For someone that lives in their community and you wouldn't know them if you saw them on the street.
1:34.8	Their circle of influence is lower.
1:36.6	Or not lower, smaller.
	...

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