Back to Newsroom
Back to Newsroom

Lingering Financial Struggles in Aftermath of the Pandemic

Thursday, 16 May 2024 05:30 PM

Shifting Mindsets and Unleashing Financial Freedom with Reset Your Financial Thermostat

LAS VEGAS, NV / ACCESSWIRE / May 16, 2024 / As the world emerges from the devastating impact of the pandemic, the task of rebuilding economies and addressing the financial challenges that have arisen becomes paramount. Despite the passage of time, a significant percentage of Americans, as reported by Yahoo Finance, continue to struggle financially even four years after COVID-19. It is time to explore the importance of cultivating a resilient money mindset in navigating the post-pandemic economic landscape.

One issue is inflation. Inflation erodes the value of savings and investments. If the rate of return on investments does not outpace inflation, the real value of those investments decreases over time. This can make it challenging for individuals to build wealth and achieve long-term financial security. Inflation often leads to an increase in the cost of essential goods and services. As prices rise, individuals may struggle to afford basic necessities, such as housing, food, and healthcare. This can result in financial stress and a reduced quality of life. But what if there is something more?

While the pandemic may be officially over, its impact continues to reverberate through our economies and individual financial situations. The truth is that unemployment is down, the market is up, salaries are increasing, and yet people are still struggling. There is a mindset around money that is at the source of this struggle. Once that mindset shifts, there is freedom.

Money mindset refers to the attitudes, beliefs, and behaviors individuals have toward money. It encompasses their thoughts about wealth, financial goals, spending habits, and overall financial well-being. Cultivating a healthy money mindset is essential for long-term financial success and resilience.

One organization doing the work to help others with their money mindset is Reset Your Financial Thermostat. Founder Pericles Rellas explains that in general, people have a fixed "financial thermostat" which can limit their ability to earn, save, and relate powerfully with money and themselves.

Founder Pericles Rellas speaks at a Reset Your Financial Thermostat engagement

Rellas suggests that the majority of individuals tend to focus on increasing their income and reducing expenses. However, the pursuit of additional income, without addressing underlying mindsets and behaviors that hinder wealth accumulation or retention, results in a perpetuating cycle of stagnation. Consequently, people resort to cost-cutting measures, initiating a downward spiral of constraints and limitations that ultimately intensify stress and anxiety. Reset Your Financial Thermostat helps people understand their relationship with money to create prosperity.

The pandemic and its aftermath have taken a toll on mental health and well-being. Financial stress, uncertainty, and anxiety can hinder individuals' ability to make sound financial decisions and take proactive steps to improve their financial situation. Despite the challenges, developing a resilient money mindset can empower individuals to take control of their financial future.

The impact of the pandemic continues to reverberate through economies and individual financial situations, even as unemployment decreases and markets recover. While inflation poses a threat to individuals' financial security by eroding savings and increasing the cost of essential goods and services, it is not the sole factor contributing to financial struggles. Developing a resilient money mindset is crucial for overcoming these challenges. By understanding one's relationship with money, seeking education and guidance, and adapting to changing economic conditions, individuals can position themselves for a more secure and prosperous future.

ABOUT RESET YOUR FINANCIAL THERMOSTAT

For over 20 years, Reset Your Financial Thermostat has been helping people who are stuck around money, so that money can flow more easily and abundantly in their lives while experiencing a better relationship with money and consequently themselves. Founder Pericles Rellas has been a Mindset Expert and Program Leader for three decades. He has worked with tens of thousands of people to realize their fullest potential. For more information, visit Reset Your Financial Thermostat. For additional information, visit Reset Your Financial Thermostat on Facebook or LinkedIn.

CONTACT
Pericles Rellas
[email protected]
702-608-6863

SOURCE: Reset Your Financial Thermostat

Topic:
Company Update
Back to newsroom
Back to Newsroom

Contact Us Today


If you have questions or want to learn more about our products, our team’s here to help!

Share by: