In this exciting episode of the Holistic Wealth podcast with Keisha Blair, we have an exciting solo episode on how to stop living paycheck to paycheck and achieve holistic wealth (with Keisha Blair). It’s estimated that 78% of US workers live paycheck to paycheck and in Canada, almost 60% live paycheck to paycheck. Many people are feeling stretched thin with the ability to control their financial situation out of their control.
We’re also in the midst of a high-inflation period, with rising gas prices, rising food prices and rising interest rates. The pandemic has caused us all to look more deeply at our lives to examine the direction we want our post-pandemic lives to take. In this episode, I will walk you through effective strategies to stop living paycheck to paycheck and achieve holistic wealth. In the NEW Holistic Wealth Expanded and Updated: 36 Life Lessons To Help You Recover From Disruption, Find Your Life Purpose and Achieve Financial Freedom, there are many strategies throughout to help you achieve holistic wealth and master the “Art of Recovery From Disruption”. Tune in to listen to this episode of the Holistic wealth podcast with Keisha Blair.
According to Investopedia, the term “Paycheck to paycheck” is an expression describing an individual who would be unable to meet financial obligations if unemployed. Those living paycheck to paycheck predominantly devote their salaries to expenses. Living paycheck to paycheck may also mean living with limited or no savings and refer to people at greater financial risk if suddenly unemployed than individuals who have amassed a cushion of savings.
Generational poverty, financial insecurity, financial guilt, and financial abuse can also lead to money trauma. The Trauma of Money Certification program at the Institute on Holistic Wealth is also designed with strategies to cope with money trauma and develop a new relationship with money.
Resources Mentioned In This Episode: