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The Covid-19 Identity Crisis

Unemployment-related anxiety is on the up – here’s how to cope with the inevitable blow to your self esteem when you lose your job.

In a world where we are typically judged by ourselves and others based on what we do for most of the day, the threat to one’s identity is a common outcome of suddenly losing a job. That unexpected change in our employment status can result in us moving from a thriving mentality to one of surviving, and when this occurs, our thoughts and the way we see the world also changes. This impacts our emotional state and ultimately our behaviour.   

Experiencing this ‘survival’ mode can result in a rush of adrenalin and the stress hormone, cortisol. Increased and prolonged levels of anxiety are one of the typical outcomes from these elevated states, but as we know, elongated periods of exposure to these hormones can have a devastating impact on our minds and body. 

While we often talk about fight or flight responses when it comes to survival, a response we need to pay more attention to, particularly during times of change, is that of freeze. We don’t always have to run away or destroy the situation, people or idea in front of us. It’s just as important to simply stop, breathe and use some time to reflect on what is important, re-evaluate where you’re going and why.

It is during this freeze state where we see people take the first steps towards giving themselves the best chance of thriving again after a job loss.  In this state, we need to rediscover what drives us, what we value and to align this to the way the world is moving to make us more relevant and impactful. This process of freezing is what we could typically call ‘getting to know yourself’. There are many tools and approaches that can support you in this space.  

The same way you would see a medical specialist about a physical ailment; consulting with an expert career coach can be just as valuable from the employment perspective. Thinking we can simply fragment our identity and self-worth from a ‘job’ or what we do to bring value to the world, is probably not realistic, so we need to spend time to understand this more clearly upfront. Consider this process with a coach as an investment in yourself and simply not as a cost. The dividends can be significant.

Dealing with the anxiety due to job loss is frequently associated with a change in social status and uncertainty.  Though there are many things that are not in our control with regards to this, there are many actions that can be taken that are in our control.  When these actions are undertaken, they can result in significant reductions in anxiety and increase a sense of certainty.  

To help to reduce feelings of anxiety after a job loss, try the following:

  • Sit still with the raw feelings to understand where you’re at and what is causing you to feel uncomfortable and anxious.
  • Accept there has been a change, and there are things that are out of our control such as COVID, economic factors, restrictions in movement.
  • Identify that there are lots of things in our control including completing the self-awareness and introspection phase and creating a job search plan with an expert.
  • Set some short term (daily), medium term (weekly/monthly) and long-term goals (12 months) to give you some focus and milestones to work towards. 
  • Identify 4 – 5 key individuals who can help you network or open up doors to some conversations to get the ball rolling.
  • Surround yourself with positive and supportive people who can lift you when you’re down and equally celebrate the wins with you.

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Unlocking Prosperity: Three Fundamental Money Principles for Abundant Living

Wealth Unveiled: Prosperity Principles

Money affects every part of our lives. It can bring joy and security, but it can also bring stress and worry. As women, we tend to have a different relationships with money. One thing is certain though: We all want to live a life of abundance and prosperity. Here are some “Money Principles” are not just theoretical concepts, but practical guidelines that can and should be applied in our daily lives to manage our finances effectively. Let’s create a positive relationship with money.

Understanding the dynamics of money and how it works is the first step towards achieving financial prosperity. Firstly, money, in itself, is not the end goal, but a means to an end. It is a tool that can provide us with the resources we need to live a fulfilling life. However, without the right knowledge and understanding, money mismanaged can be a huge blow to our dreams and sustainability. Therefore, it is crucial to learn and understand these fundamental money principles.

The Importance of Money Principles

Money principles serve as a guide for our financial decisions and actions. It’s about creating a framework for managing our finances effectively and responsibly and help us make informed decisions that align with our financial goals and values.

Its imperative we develop a healthy relationship with money. Instead of viewing money as a source of stress or worry, we can see it as a tool without our emotional involvement. Once we remove anger, fear, lack and other negative feelings from the equation, a shift is created in our energy field. This shift in perspective can have a profound impact on our financial well-being and overall quality of life. It can help us overcome financial challenges, achieve our financial goals, and live a life of abundance and prosperity.

The Three Fundamental Money Principles

Principle 1: Spend Less Than You Earn

This may seem like an obvious principle, but it is one that many people struggle with. As of today, we are an out-and-out consumer-driven society. This is an easy trap for anyone to fall into leading to overspending and living beyond their means. This is how one gets sucked into financial stress and debt, hindering our ability to live a life of abundance. It is therefore crucial to develop the discipline to spend less than we earn and live within our means.

The first step to implementing this principle is to create a budget. This involves tracking your income and expenses and setting limits for your spending. It may require making sacrifices and cutting back on unnecessary expenses, but it is crucial for living within your means and avoiding debt. A budget not only helps us control our spending but also gives us a clear picture of our financial situation, enabling us to make informed financial decisions.

Another important aspect of this principle is to save and invest wisely. By setting aside a portion of your income for savings and investments, you are not only preparing for the future but also creating a safety net for unexpected expenses. This can also help you achieve long-term financial goals, such as buying a house or retiring comfortably. Think about building wealth over time.

Principle 2: Give Generously

What goes out must come in! True prosperity is not just about accumulating wealth, but also about sharing it and using it to improve the lives of others. We are not talking about just giving to charity, but also being generous with our time, talents, and resources. It encourages us to share what we have with others and use our resources to make a positive impact in the world.

Giving generously not only benefits others but also brings blessings and abundance into our own lives. It helps us cultivate a mindset of abundance and gratitude, and reminds us that we have more than enough to share with others. By giving generously, we also contribute to creating a more just and equitable society, which ultimately benefits everyone. Give that tip to your hairdresser, sponsor a kid, help out a local charity in UAE.

Principle 3: Seek Wisdom and Guidance

The final fundamental money principle is to seek wisdom and guidance when it comes to managing our finances. This can involve seeking advice from financial experts in the UAE, reading books and articles on personal finance, or even seeking guidance from religious or spiritual leaders. This principle encourages us to continuously learn and grow in our understanding of money and financial management.

When we learn from the experiences and knowledge of others it also helps us stay accountable and motivated in our financial journey.

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