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Money, Mindset and Mental Toughness I Martina Witter
Manage episode 362032358 series 2922958
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Money, Mindset & Mental toughness
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The cost of living crisis in the UK is a real problem. The economy has struggled to recover from the recession, and families feel the squeeze. People are feeling the pressure on their wallets, and they're starting to ask questions about how to make ends meet. There are a lot of factors that contribute to this crisis. One factor is inflation, the rising price of goods and services due to increased demand or decreased supply. As the cost of living crisis continues to impact British families, it's important to remember that there are ways to cope and even thrive. One way is through resilience. Resilience is a term used to describe the ability of a community or an individual to survive and adapt to change. The UK's current economic climate has created a greater need for resilience, as individuals and communities must adapt to new financial realities through mindset and mental toughness.
In this episode, Martina Witter, the podcast host, shares her deepest insights on the cost of living in crisis in the UK, how reduced income requires more resilience from individuals, how to build your mental toughness and resilience and locating yourself in terms of resilience. Twitter also sheds more light on mindset in resilience, financial well-being solutions by organisations for employees and how employers can support their employees with the cost of living.
Timestamps
[01:15] Cost of living crisis in the UK
[05:39] How reduced income requires more resilience from individuals
[08:45] How to build your mental toughness and resilience
[09:26] Locating yourself in terms of resilience
[10:56] Mindset in resilience
[14:53] Financial well-being solutions by organisations for employees
[18:03] How employers can support their employees with the cost of living
Notable Quotes
- (01:56) We are all in the storm, but we are in different boats.
- (06:56) The cost of living crisis has led to an increase in anxiety in people.
- (10:42) Sometimes you’ve got to do these things which may feel uncomfortable, but you have to make these tough decisions which are going to benefit you.
- (10:58) Limiting beliefs and thoughts can prevent you from seeking help.
- (11:49) In these changing times, it is important to remember to focus on what you can control that will help you to develop a growth mindset.
- (13:03) Things do change. Seasons and chapters do change within your life.
- (15:30) We all need to feel secure and in control of our finances.
- (20:00) It is important to invest in your team and in your own well-being and mental health.
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