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Coping with Financial Loss

 

Is money the root of all evil?  Whatever the case, you can’t manage without it.  Substantial financial loss has driven many people to suicide.  This is an extreme response, showing a total loss of perspective, but there’s no doubt that losing your money can be devastating.  Refuse to be overwhelmed – you can survive this, and be happy and secure once more.

 


 

YOUR STATE OF MIND

 
Losing a fortune means different things to different people.  To some it is their mortgage deposit, to others it is millions.  Deep inside, however, the greatest impact is on your state of mind, so look after that first.
 
There are plenty of rags-to-riches stories, and accounts of people who have bounced back after financial disaster – often of their own making.  You can be one of those.
 
Do not panic.  Practice mindfulness and stay calm.  That way it will be easier to find solutions.
 
Do not rush around wasting energy and kidding yourself you can do things, make money out of activities that aren’t ‘you’ and in some way change overnight into a power-house of entrepreneurial energy.  Instead, build on what you’re good at.
 
Your money may be gone, but the inner qualities that earned you that money are still there.
 
If that money was a gift/legacy, think of yourself as a ‘lucky person’ – you can draw more luck your way.
 
Your money did not make you a worthwhile person, and losing it does not make you a bad one.  You still have your self esteem, your talents and potential.  Remember this.
 
Talk to people about your feelings, and what’s happened – you have nothing to be ashamed of, and the support will help you.  You may even pick up some bright ideas.
 

YOUR MONEY

 
It’s a disaster, but don’t be a rabbit-in-the-headlights. 
 
Tackle any debts – do not leave envelopes unopened on the mat.  There are more ways of coping with debt than you may imagine, if you’ve not been in this situation before, so get advice.
 
Identify your priorities.  What matters most to you – your home?  Your car?  Your education?  Do what you can to salvage what you can.
 
Look into ways of surviving.  There are all sorts of different property-buying schemes, benefits and trusts may be available – don’t be afraid to ask, and keep on asking
 
What resources do you have, what can you sell, how can you use the assets you possess?  For instance, can you take in lodgers?  Can you foster, or work nights?  Do you have expensive jewellery?  Maybe you have a pension pot you can cash in – the present is calling, you can worry about the future later.
 
Where possible, play for time.  All sorts of things can happen, and meanwhile you’re on the case.
 
Despite all your efforts to be positive, financial loss can be hard to take.  Talking about this can be very helpful, however, enabling you to find new ways of looking at things, and solutions.  At The Circle you can always contact a psychic or medium who can help you.  Benefit from a psychic reading, check your horoscope, get some advice, insight and support.  A clairvoyant reading can show ways to move forwards, so make contact with us without delay.
 
 
PUBLISHED: 14 APRIL 2015
 
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