Why It’s Important to Invest in Your Mental Health

Mental health is one of the aspects of healthy living that many people ignore. While many people invest in new diets and gym subscriptions, their mental status takes a backseat. While this is an unfortunate occurrence, it is not uncommon. Most people hardly think about their mental health until it is too late. However, this should not be the case. Mental health should be prioritized, considering that it makes a significant aspect of an overall healthy living. Just as exercise is to physical health, there are several things that people can invest in to ensure that they have excellent mental health.

Professional Help

One way of maintaining a healthy mindset is to seek professional help when necessary. Wondering how much is therapy going to cost prevents many folks from getting the support they need, but it’s often less expensive than most people think. Health insurance companies are required to include mental health treatment in all policy options they offer. What’s more, many therapists base their rates on a sliding scale, which means those who earn less will pay less for their services.

Even in cases where the therapy session appears to be expensive, especially when paying out of pocket, the benefits are well worth the cost. Taking care of your mental health needs to be a priority. Below are some of the techniques you can apply when seeking to enhance your mental health:

Meditation

Meditation does not have to cost a thing, especially if it is not attached to yoga classes. Try to make sure you have sessions in life when you sit still and relax. Meditation is a great way to unburden your mind and get rid of life stresses. Create time in your daily schedule to ensure this is something that happens regularly.

Be Grateful

Whenever something goes right in your life, learn to appreciate it. Celebrate the little wins in your life, even as you look forward to the major ones. Have a gratitude journal where you note down everything that happens in your life.

Rest and Sleep

Your body needs to relax and rejuvenate. This means that you should always have enough rest whenever you can. Get enough rest and sleep by eliminating as many stressors in life as possible. Find out why your sleep patterns are mixed up and confusing to settle this issue for good.

Investing in Mental Health

You can go further and invest in your mental health by doing the following:

Fixing the Financial Stress

Most people suffer mentally when they have not fixed their financial life. The idea of not knowing what happens next can be a significant life stressor. Cushion yourself from sudden financial pressures by planning and having budgets. In case your finances are not pleasant, consider seeing a financial therapist help ease the problem.

Use a Mental Health App

One of the major challenges in the market is finding sufficient mental health experts to assist patients. If you are in an area where this is an issue, then consider using one of the numerous apps available. What’s more, there are different apps for various mental health issues.

Investing in a Mental Health Insurance Cover

Prioritize getting a cover that caters for all your health needs, including any mental issues. It helps to cover all bases health-wise, including mentally.

How Polo Funding Helps Entrepreneurs Get a Fresh Start

Gary Vaynerchuk, an entrepreneur and motivational speaker, says in a rare expletive-free soundbite, “Your dreams don’t have to be ‘big;’ they have to be yours.”

Being an entrepreneur is about following your business dreams. But before you set out on your next venture, you need to take a good, hard look at your financial picture and assess whether you’re ready to go. Are you buried under a mountain of high-interest credit card debt? If so, you may want to jettison some of this baggage before you go into startup mode.

Debt Can Hurt Your Funding Opportunities

One of the main ways for entrepreneurs to fund a business is through bootstrapping. We’re not talking about Jeff Bezos today; we’re talking about Jeff Bezos in the 1990s, working out of his garage. Bootstrapping can be insanely difficult to do if you are already carrying debt from your personal finances or previous projects. Also, you’ll have more money to invest if you’re debt-free.

If you plan to secure funding through outside investors, they may want to see your financials. You stand to lose the opportunity to take on investor support if you are bogged down by existing debt.

Credit Cards: The Pitfalls

Credit cards can be good for entrepreneurs, but they can also cause trouble.

First, the good: Credit card rewards are one of the major perks of any small business owner. If you put all of your monthly transactions onto a credit card–and pay off the balance each month–you can rack up all kinds of travel points and other rewards. Not only that, but a credit card can help with auto-billing so that you don’t have to worry about overdrafts.

Now, the bad: Interest rates are the big killer. If you’re not paying off your balance every month, you start to accrue interest at a very high rate. Over time, this can build and build until you find that you’re only able to make payments on the interest. But a debt consolidation company like Polo Funding can help you get away from insurmountable monthly payments.

This leads to the question: Should you get rid of all credit cards? The answer for many entrepreneurs is: probably not. As mentioned above, credit cards can be highly useful in certain business scenarios. Again, avoid carrying over a balance. Use credit cards transactionally only.

How to Crush Your Existing Debt

There are all kinds of ways to eliminate debt. Many of them take a great deal of time and effort. Take the beans-and-rice method, for example. This method has you start eating beans and rice for dinner every night. The idea isn’t to bore you to death, but to have you stop spending money on going out to eat and all of the other kinds of things that add up to keep you in debt such as salon visits, streaming subscription services, happy hours, gym memberships, and the like. Instead, you would borrow books and movies from the local public library, take a break from drinking, exercise at home, and so on.

A more appealing method is a debt consolidation loan. Here, a funding company like Polo Funding helps you break free from those monthly payments that do little to make any headway. The consolidation loan they provide pays off your cards and leaves you with a single monthly payment at a low-interest rate. You can really save money and time getting out of debt this way, and maybe you don’t have to eat beans and rice for every meal. (By the way, please note that this is not an article on nutritional advice.)

Polo Funding: Are They Worth It?

The real question is: Do you want to get out of debt faster and for less money so that you can launch a new business? If you ask yourself this question and come back with an answer of yes, Polo Funding is absolutely worth it. They’ll work with the debt situation you’ve found yourself in, and they’ll give you a chance to get back onto your entrepreneurial path.

And then, once you’ve minimized–or even eliminated–your existing debt, you’ll have the freedom to pursue your next business venture with all of your time, energy, and resources. You won’t be worried about the old debt hanging over your head. While you don’t need to be 100% debt-free to be an entrepreneur, it can be extraordinarily helpful to uncomplicate your finances before you launch a new business.

Ways to Manage Financial Emergencies Without Going Into Debt

It only takes one unforeseen circumstance to throw your finances out of whack. Your car breaks down, a pipe bursts, the landlord raises the rent, you lose your job, you get sick or injured, and everything seems to fall apart. Overwhelmed with emotions and limited time to devise a plan, you make a decision that temporarily solves the problem, but creates issues down the road. You take out a loan or charge your credit card and then spend the next few months trying to figure out how you’ll survive.

Chances are you’ve been here at least once in your life. Though it may seem like the best thing to do when faced with a financial emergency is to borrow the money, there are other solutions. Continue reading to learn more.

Look for Financial Assistance

There are programs out there designed to help people when they’re in a financial jam. Let’s say you were in a car accident and suffered long-term injuries. A quick search of social security office locations near me and an application for disability benefits can turn things around. You’ll have the funds you need to tide you over until you’re able to get back on your feet or find another income source. The best part is, you don’t have to repay these funds, so there’s no debt to worry about. Before you assume there’s no way out of your circumstances, do some research on financial assistance opportunities.

Crunch Some Numbers

It may appear that you don’t have the income necessary to cover the emergency on the surface. However, with a bit more digging, most find this to be quite the opposite. If you were to ditch your cable services, downgrade your cell phone bill, stop buying coffee every day, and find more affordable ways to entertain yourself, you likely have the cash you need to pay for the unexpected expense. Before turning elsewhere to resolve your problems, get serious about your spending to see if you can handle it yourself.

Sell Some Things

As the saying goes, one person’s trash is another person’s treasure. Chances are you have things in your possession that you no longer use that could prove valuable to someone else. Whether it’s some old clothes and shoes, an outdated cell phone, jewelry, or a disabled vehicle, there are opportunities to earn some much-needed cash. You can find a specialized buyer, post and sell these items online, or have a yard sale. The sales proceeds could then be used to cover all or a portion of your emergency costs.

Turn to Friends and Family

Your friends and family are other sources you can turn to in your time of need. While they too may be strapped for cash, there are other ways they can help you out of a jam. For example, your sister may know a mechanic that’s willing to repair your car for a low rate. Your best friend’s husband could be an HVAC contractor that’s willing to repair your air conditioner and allow you to repay them in affordable monthly installments.

Earn Some Cash

When faced with long-term emergencies like the loss of a loved one or job, there’s also the option to earn more money. It doesn’t have to be as involved as filling out applications, going to countless interviews, and working another full or part-time job. There are plenty of ways to earn money relatively quickly. You can cut someone’s grass, walk the neighbor’s dogs, offer to babysit, housesit for a relative that’s going out of town, sign up for a rideshare service, deliver groceries or food, and so much more. Many of these options will pay you cash daily to handle your emergency without skipping a beat.

Taking out a personal loan, borrowing on your retirement savings, or charging your credit card are the most common solutions for getting out of financial trouble. While these options can resolve the immediate problem, it can take you months or even years to repay. The most efficient way to tackle a financial emergency is to exhaust the options listed above first.