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 Financial Vertigo

Financial vertigo is the idea that you can't make a decision about your finances because of the endless permutations, the anxiety leading to paralysis, and the potential for uncertainty. Financial vertigo has many causes: insecurity about managing money, living paycheck to paycheck and never knowing how much money is enough, dealing with constant financial unpredictability from credit cards and other expenses, or having psychological issues around spending. I won't say that it's impossible to overcome this feeling of disorientation about money management as it may be beyond your control but I will say that its common in anyone who feels overwhelmed by worry into their daily life.

Another way to think about financial vertigo is as a fear of money. It's the fear that if you had enough money you would lose control of it, lose yourself, and be unable to live a normal life again. This fear is preventing you from making progress towards your goals and the affects can be seen in your job, financial situation, relationships, etc. The best way to address this issue is with a counselor who has experience in dealing with people who have these feelings. I wouldn't recommend trying to address this issue on your own; it's too complicated and personal to let alone when there's possibly psychological issues at play as well.

Insecurity around money is a huge factor in leading to financial vertigo. When you don't feel like you can make it, you feel the urge to hunker down and protect yourself from more harm. This attitude isn't helpful for getting ahead in any area of your life including finances. But when you feel like you are behind, the fear of taking risks makes it hard to move forward. So how do we get past this?

One way is to create a financial plan for yourself and then take action on this plan whether that means putting money into an investment account or paying off debt. You can't overcome your fears until you actually start doing work towards your goals even if that work may seem small at first. You start with some seed money and keep building on it. But the only way to start is by taking action.

Another way to get past financial vertigo is to get into a work routine that provides structure for you. Maintaining a schedule, even if it's just a daily checklist of things to do, helps take some of the pressure off as you have a set amount of time where you are working on something rather than constantly juggling possibilities. I know it's not an easy thing to do but someone who comes home from work and tries to decide what they want or need to do next is someone who is suffering from financial vertigo.

Financial vertigo is a dangerous condition because it can cause you to make poor financial decisions. Extreme fear and fear of the unknown sometimes leads people to change the status quo for their own benefit in a way that isn't good for them. It's important to remember that if this path is taking you in a direction that isn't helpful then it's best to take a different course rather than think that you can make changes quickly or easily.

If your financial situation is unstable then economic vertigo could be the reason why. You could have economic vertigo if you are afraid of losing your job and aren't being paid on time. Your income can be taken away from you whether by going on strike or being let go. People with financial vertigo are often unable to act quickly when needed because they cling to the past instead of leaving it behind and having faith in the present moment. My second book will address many of these kinds of issues since I've dealt with them before and I hope that the readers benefit from my experience.

Your financial problems could be causing you financial vertigo. The "what ifs" in your mind can cause some people to become paralyzed into inaction while they torment themselves with thoughts like: "I'm too poor. What if there's something wrong with my car and I'm stuck? What if I can't pay my bills and my credit card is declined? What if I have to borrow money from someone who won't let me pay them back? What can I live on until they do let me get back on my feet?" People with financial vertigo are afraid of the future, are fearful of taking risks, and are unwilling to take certain actions because they're worried about their finances.

Some people are experiencing financial vertigo because of structural issues in the financial market such as government intervention or bank bailouts. The bailout was executed in 2009 and is often referred to as "the bailout" regardless of what it actually consisted of. Its effects can still be felt today with the Occupy Wall Street movement and can even be seen in the 2016 Presidential Election. The financial crisis is a touchy subject that people don't like to talk about because it's embarrassing, it brings back bad memories, and it isn't pretty to look at because of all the trouble it caused.

People afraid of losing what they have are living with financial vertigo. They hang onto their money, possessions, relationships, or whatever else they have that they may have an emotional attachment to rather than make room for change in their lives. People who suffer from financial vertigo often live in fear of losing everything and will use any excuse to avoid making changes in their lives.

The fear of ending up broke is another reason for financial vertigo. It's a fear that if things don't work out then you won't be able to pay for what you need and wouldn't have any money to deal with the problems at hand. Another way you may experience this is that if something big happens like a job change or a major life event, then you are afraid of being forced to make changes in your lifestyle because of the added expenses involved.

A common type of financial vertigo is the fear of losing everything due to an accident or illness. This fear is especially prevalent in people who are extremely cautious of their health and have to worry about paying for medical bills if an accident occurs. Their fear is so strong that even being ill for a short time can cause them to lose all or most of what they own.

If you're suffering from financial vertigo then you need to find a counselor that can help because the symptoms are tough for you to overcome on your own. To face your fears and move forward, it may be best to start with some documentation on why you feel the way you do about money in general and what might be going wrong with your situation now. I didn't talk about why people are afraid of failure but it's usually because of the pain that someone feels when trying and failing at something.

Moving forward means overcoming those fears and taking steps to improve your situation. The steps you take can be considered small at first but over time this will add up to big changes in your life. So start by making a plan for yourself that you can stick with, get into a schedule where every day is accounted for, and get into that routine so you know what needs to be done. You may not end up exactly where you want to be but if you're taking action then you're moving in the right direction.

Conclusion

I hope that you found this book helpful. If you did, then I would really appreciate a review on Amazon and Goodreads so that more people can find it. This year I'm working on a new book that is supposed to be finished by the end of this summer (2017). It will cover many of the topics from my first book but in greater depth and detail. The writing process has taken longer than expected but it's good to take your time and get everything right rather than rushing it out and having to fix mistakes later. Eventually I'd like to write a third and fourth book as well so there will be plenty of material for readers in the future.