Believe it or not, meditation can improve personal finance and investing. And in this guest post, I will show you how.
There is an important link between mental health and investing  and studies show that poor mental health can lead to poor decisions that affect both personal finance and investing.
Of course we all know that having a lack of money could cause significant stress that could lead to mental health problems, but the issues goes a lot further than that. Studies show that people with depression or anxiety are much more likely to make bad personal finance and investing decisions and are more likely to be in debt. But on the positive news is the fact that good mental health can lead to good personal financing and investing.
One of the very best things you can do for your mental health is to practise mental health exercises like meditation.
Here’s how meditation improves personal financing and investing
1: Meditation gives you more control
When you feel like you have no control of your emotions and your thoughts you will feel out of control, and that lack of control, especially with regards to money. That lack of control can lead to poor financial decisions.
Many people make snap second purchasing and investing decisions based on emotions rather than think things through rationally. Meditation helps give you control of your emotions and your thoughts so you can think rationally about money.
2: Meditation stops avoidance
Your investments are going down the can. Your credit card payment is late. Stock prices are plummeting. You’re in debt. And all of that stress is making you want to avoid the problem rather than face it. But avoiding the problem only makes things worse.
Meditation helps you to feel more relaxed and to stop avoidance mentality, so you can actually face your financial stress and turn your situation around.
3: You won’t make desperate decisions
When you’re facing financial turmoil you might feel like making a desperate decision with your money in order to try and turn your situation around. But all too many people know that such decisions can make things significantly worse.
The problem in situations like this is that you’re desperately trying to stop the stress of a financial downturn. But that stress is inhibiting your ability to make good financial decisions. That’s why you need to stop the stress. And one of the best ways to stop stress is to meditate.
4: Stopping arrogant financing
When things are good, you might be deluded into investing more of your money. It’s like when you play poker. You’re winning so you keep on playing, but then you get dealt a bad card and lose all your money. Same thing with stocks. Your stocks are up. You feel invincible. So you invest more of your money. But sadly your luck stops, stock prices plummet, and you lose your money.
Don’t let arrogance lead you into making cocky decisions with your money. Meditate to calm your mind so you’re not so excited, and then make your decisions based on informed strategies.
5: Meditation makes you smarter
It’s scientifically proven that meditation makes us more intelligent and even increases grey matter in the brain. Just take a look at these ways meditation helps with decision making.
Naturally, the more intelligent you are the better financial decisions you will make. That’s why I personally meditate before I make any big financial decision. It helps me to ensure that my decision-making skills are on-point before I invest my money.
6: Shopping Therapy
Hands up those of you who buy things just because the act of buying things makes you feel better? I know I’ve done it before. But you shouldn’t shop for emotional therapy, that will only lead to bad personal finance decisions. Instead, use meditation to control your emotions and then buy the things you actually need.
Yes, strange as it may seem, meditation can help you make better choices with your personal finances and investments. Before you make another big financial decision, try meditating first.