Ep.184 – Dr. Jennifer Dragonette – Managing Anxiety in Market Meltdowns
Does the current stock market volatility have you wondering what's next?
It's a normal emotional response to feel anxiety or even a little bit panicked when events around you seem to be in chaos, which can apply to personal events, politics, and, yes, the stock market.
Dr. Jennifer Dragonette is back to walk us through how we can navigate these personal and financial anxieties. We delve into finding harmony between our rational and emotional minds, especially when facing fluctuations in the financial market and the anxiety it can bring.
Even during stressful situations, having a positive outlook, establishing relationships with trusted advisors, and using practices like gratitude lists can help maintain calm in times of uncertainty. Dr. Jen also sheds light on how these strategies can be applied beyond finance, such as in recovery from personal challenges or handling political anxiety.
Please enjoy my conversation with Dr. Jennifer Dragonette.
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ADDITIONAL RESOURCES YOU MAY LIKE
1 Big Idea to Think About
One insightful takeaway from this episode is the importance of balancing emotional and rational thinking when managing anxiety, especially in times of financial uncertainty. Dr. Jennifer Dragonette highlights that acknowledging our emotions and using supportive practices, like gratitude lists or seeking guidance from trusted advisors, can help maintain a long-term perspective and foster emotional resilience.
1 Way You Can Apply This
To balance emotional and rational decision-making in financial planning, consider integrating mindfulness practices to manage anxiety. For example, during times of market volatility, practice acknowledging your emotions and consciously redirect your focus toward long-term financial strategies and goals, which helps maintain perspective and reduces stress. This approach fosters a balanced mindset, encouraging more thoughtful decision-making while enhancing your overall sense of well-being.
1 Question to Ask
How can I find harmony between my rational and emotional mind to better manage anxiety during times of financial uncertainty?
Key Moments From the Show
00:49 Discussing market correction and political uncertainty impacts on anxiety.
02:57 Importance of understanding long term market trends, reasons to buy.
03:52 Age impacts anxiety levels, especially nearing retirement.
05:05 Analogies between market trends and personal recovery journeys.
06:22 Managing anxiety by not hyper-focusing on short-term changes.
08:25 Therapist-client relationships provide perspective and validation.
09:07 Trusting advisors to manage financial strategies eases anxiety.
11:57 Discussing harmony between rational mind and emotional mind in decision-making.
16:19 Importance of balancing emotions with financial decisions.
20:21 Acknowledging and planning for emotions for better decision-making.
26:17 Gratitude and self-reflection practices for rewiring mindset.
30:55 Finding safety and connection moments to counteract anxiety.
32:01 Encouraging listener engagement for future episode topics.
Resources Featured in This Episode:
Uncovering Core Values for Financial Clarity and Emotional Balance
Navigating the Emotional Tides of Parenting and Life Transitions
Harnessing Emotions as Information to Navigate Life's Challenges