FINANCE. BODY. SOUL.

My sampling of the phrase, "mind, body, and soul" comes as our society recognizes the growing presence and effects of poor mental health conditioning in our modern days of living. As we have come to know historically; the brain has been the least studied organ of the body, when it controls 100% of the major functions that we conduct. Albeit with scientific limitations, science is aware that playing catchup with the studies and complexities of the brain is imperative given our current mental health crisis.

As someone with a non-scientific yet objective perspective, I've come to understand how financial stability can greatly affect the mental health and overall well-being of many Americans. Whether it's the sense of relief felt by an elderly retiree who receives their pension and social security each month, or the excitement of a young investor who has outperformed her peers, financial ups can lead to personal ups as well.

On the other hand, those who have faced significant and lasting financial challenges often find themselves in a very difficult situation. They may feel insecure about their financial future, haunted by past financial mistakes, and constantly comparing themselves to more successful peers. These concerns can weigh heavily on their minds, creating uncertainty about their retirement years, ability to enjoy life, and even the legacy they will leave behind for their heirs. In my opinion, financial security is intertwined with many other aspects of life, and problems in this area can easily spill over into other areas.

To test my observational theories, here is what some experts have found in their scientific studies regarding the link between financial security and mental health.

According to the National Institute of Mental Health, "Financial insecurity can be a significant source of stress, and chronic stress can have serious implications for mental health. People who are struggling financially may experience feelings of anxiety, depression, and helplessness, and may also be at increased risk of developing conditions like substance use disorders or eating disorders."

In turn, financial experts have found that clients struggling with pre-existing mental health conditions are not likely to perform at their best potential, therefore, causing strained progress along the way. "Studies have shown that financial stress can take a toll on mental health, leading to issues such as anxiety, depression, and even physical health problems. The reverse is also true: mental health issues can make it harder to manage finances, leading to financial stress and exacerbating the problem." (Source: Investopedia, "The Link Between Financial Stress and Mental Health," September 8, 2021)

The Jones Group Of Western New York has demonstrated that working-class Americans can achieve a great deal with limited resources. Instead of fixating on financial worries, individuals can channel their energy towards creating strategies, getting organized, and attending our weekly 1:1 coaching sessions to take concrete action towards their financial goals.

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