Why is worrying about money risky?

Written by Lisa Pallavi Barbora

Lisa Pallavi Barbora is a Senior Consultant for Content at WFAN. Lisa is also a founder of MoneyPuzzle.in In her earlier avatar, she was a National Writer and Consultant for HT Mint - a premier business journal in India.

June 15, 2021

Do you think you don’t have enough money? Do you worry that your daughter’s education will cost more than you have saved up? Do you worry about large medical bills hitting your bank balance? Do you worry about the petrol cost, the rising price of edible oil and perhaps about how expensive travel is becoming?

You are not alone. We all have some money worries of our own and if not checked at the door, we can easily get engulfed by them. Worrying about whether you have enough money or not can be futile as worry itself will not help you resolve your money problems. Not just that, worrying about money can do you real damage in the long run. It risks what is good and positive in your life, in favour of what you think you may not have in the future.

It’s not that you shouldn’t be financially prepared for the future or that you don’t need to think about your future financial wellbeing, rather that you need to do it in a way which saves you from the worry. Worrying, means to torture yourself with disturbing thoughts about the worst case scenario. If you fill your mind with worry, those thoughts tend to over-reach and do more harm than good.

You might think that it is important to worry about what you want to achieve, because, that will make you think about doing the right things to achieve it. However, worry indents the mind in a way that you may not expect.

1. Worrying stops you from finding solutions

You might be worried about how much you spend or about not saving enough. Worry doesn’t stop you from doing what’s detrimental for your money health, rather it will simply make you more anxious and withdrawn. Worrying too much about how you are spending can make you focus on the wrong problem. Rather, you should firstly think about what you need versus what you want and whether the latter is worth spending on. If you find that you are often falling short of money by the end of the month, instead of worrying, focus on alternate sources of income and ways to save more. Finding solutions to your money problems is a lot more important than worrying about them.

2. Worrying can give you sleepless nights and stress lines

The more you worry, the more anxious your thoughts get. Spending too much on eating out, not enough saved for retirement, how can we afford the next holiday, these are all questions and worries that can pop into anyone’s head from time to time. However, focusing on the problem will not make it go away, it will only make you worry even more. You will develop deep anxiety leading to sleepless nights and a frowning forehead. You don’t want to end up in a situation where your inner worries start to show on your face thanks to disturbed sleep and a constant frown.

3. What you worry about can become your reality

When you worry too much about something, be it money or otherwise, you tend to play out different scenarios of that event or fear in your minds repeatedly. This stops you from thinking about the abundance with which you can otherwise lead your life. When you never think about how much more you are capable of, you will not end up doing those extraordinary things. Consequently, you are left with only that which you are worried about. When you worry about something too much, somewhere you believe that it is an outcome which has a higher probability of coming through rather than not. In doing so, you never end up changing your circumstances that can potentially alter the outcome, instead you simply worry about it. Every obstacle is temporary in life, don’t make worrying about it a permanent event.

To change the dynamics of your money life, focus more on the actions you need to take to alter the outcomes, that is the only way to grow, worrying about it won’t get you there.

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