Financial PTSD is related to worries over a lack of money and resources. PTSD is post-traumatic stress disorder, but is it really a disorder or is it a natural reaction to a situation that a person experiences?
It is quite common and affects between 20-30% of the population. The term Financial PTSD was first introduced by Dr. Galen Buckwalter a research psychologist. When a person experiences overwhelming mental, emotional, and physical stress responses triggered by financial issues. The experience is commonly referred to as flight, fight, or freeze, so how do people overcome these overwhelming deep-seated stress responses?
Trauma can manifest with a small t or a large T. Symptoms can include a combination of anxiety, panic attacks, shame, low self-worth, sleep disturbances, isolation, sadness, depression, intrusive thoughts, overwhelm, procrastination, relationship issues, falling into addictions, angry outbursts, thinking in lack and a feeling of impending doom.
Out of 195 countries in the world not one has achieved financial gender equality.
Only 10% of Fortune 500 CEOs are women.
Women globally earn around 37% less than men in similar roles
(Source: World Economic Forum)
The main challenges in addressing the situation are, firstly, the need to make some practical changes in the life situation. Secondly, trauma can leave people feeling overwhelmed, hopeless, helpless, and paralyzed, so it is very difficult for a person to know what to do. Their decision-making processes are clouded, PTSD is characterized by being overwhelmed, which makes it hard to think clearly, focus, make a game plan, and follow through.
Taking back control and overcoming the challenges in your life when you have been hit by financial PTSD means taking steps to change yourself and your way of thinking. Looking at the practical options you can implement to start regaining confidence and moving from a poverty mindset of loss and lack to gaining financial independence, security and prosperity.
If you are feeling any of the common symptoms above remember you are not alone. Although talking about money and money issues is considered taboo for many people the way forward is to start seeking help and connect with others who, chances are, have been there, are going through something similar, or may be able to help.
There are numerous stories of successful individuals and entrepreneurs who have experienced all sorts of financial traumas, there are even millionaires who can tell you how before they found financial success they were in debt or had lost everything they owned.
Check out this presentation to see how this young entrepreneur managed to find success from failure.
VALUE = MONEY
When you can raise your VALUE in the market you can increase your income.
You need to get out of survivor mode to financial STABILITY and then work towards financial FREEDOM. Instead of working for money, you need to learn how to do these two things.
If you are interested in, ways to develop and transform, learn more, earn more, do more, and be more, to set yourself up for success then reach out to discover strategies to help yourself.
Subscribe to my YouTube Channel here.