Since the beginning of this year, we’ve seen an uptick in depression and anxiety related to personal finances, and it makes sense. When everything is going up, you’re happy, and when the value of your estate or your paycheck goes down, you feel bad. Feeling depressed, more vulnerable or even angry is a normal response.
Almost everyone I know is freaking out a little about money right now. Some people can barely afford the same house they currently live in, let alone consider upgrades.
It’s clearly time to get some perspective. Many of us have been through this before, and that’s a good thing. In my lifetime, the market has always come back. This is a temporary situation, and remembering this should lift your spirits a little. It’s not the same as seeing your 401(k) grow every day, but you can’t allow yourself to feel bad every day, either. That just isn’t good for you.
