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Business Strategy with Hirav Shah OCTOBER 06, 2023 | The Indian Eye 30

Money Matters? - Of Course BIG Yes!

Having enough money in account can solve 70-80% problems of our lives

HIRAV SHAH

oney is a crucial aspect of
our lives, impacting every-
Mthing from our daily deci- Developing a healthy relationship with money is crucial for overall well-being (Representative/File photo)
sions to our long-term goals. While
it’s often said that money can’t buy The Impact of Money on Our around spending and saving. The Importance of Financial
happiness, it’s hard to deny the role it • Seeking the help of a financial ad-
plays in our overall well-being. In this Mental Health. visor or therapist can also be ben- Planning and Budgeting.
guide, we’ll explore the importance of • Money can have a significant im- eficial in navigating these conver- • Financial planning and budgeting
money in life and provide tips for de- pact on our mental health. sations and maintaining healthy are essential components of devel-
• Financial stress and insecurity can
veloping a healthy relationship with it. relationships. oping a healthy relationship with
lead to anxiety, depression, and money.
other mental health issues.
Understanding the Role of • On the other hand, having finan- Developing a Healthy • By creating a budget, you can track
Money in Our Lives cial stability and security can im- Relationship with Money: your income and expenses and
• The Psychology of Money: Under- prove our overall well-being and identify areas where you can cut
back or save.
standing Our Relationship with reduce stress. Tips and Strategies. • This can help reduce financial
Money. • It’s important to develop healthy • Developing a healthy relationship
• Our relationship with money is financial habits and seek support with money is crucial for overall stress and anxiety and allow you to
prioritize your spending on things
complex and often influenced by when needed to maintain good well-being. that are important to you.
our upbringing, culture, and per- mental health. • One tip is to create a budget and • Financial planning also involves
sonal experiences. stick to it, which can help reduce
• Some people view money as a Money and Relationships: financial stress and anxiety. setting long-term goals, such as
saving for retirement or a down
source of security and stability, Navigating Financial • It’s also important to prioritize payment on a house, and devel-
while others see it as a symbol of saving for emergencies and long- oping a plan to achieve those
success and status. Conversations. term goals, such as retirement.
goals.
• Understanding our own beliefs • Money can be a sensitive topic in • Another strategy is to practice • Seeking the help of a financial ad-
and attitudes towards money can relationships, but it’s important to gratitude and focus on the things visor or counselor can be beneficial
help us make better financial de- have open and honest conversa- money can’t buy, such as relation- in developing a comprehensive fi-
cisions and improve our overall tions about finances. ships and experiences. nancial plan.
well-being. • This includes discussing financial • Seeking professional help, such
• It’s important to recognize that goals, budgeting, and any concerns as financial counseling or therapy,
our relationship with money is not or challenges related to money. can also be beneficial in develop- The writer is a well-known
fixed and can be changed with in- • It’s also important to establish ing a healthy relationship with Astro Strategist and Business Astrologer
tentional effort and self-reflection. boundaries and expectations money. Email: [email protected]

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