Financial coaching can be very helpful for individuals who are struggling with debt. Here are some steps a financial coach may take to help someone in this situation: Assess the current financial situation: The financial coach will start by looking at the individual’s income, expenses, and debts to get a…

Resilience Relativity Resilience relativity refers to the idea that the level of resilience required to overcome challenges and adversity varies from person to person. …

A debt repayment plan is one of the many tools available for a financially distressed individual to use in managing their debts. It bounds to fail if they do not have any idea, proper expense planning or a compelling goal setting to manage their debt repayment journey. Gerard Egan (2013)…

Self-efficacy is defined as one’s belief in their ability to succeed in a specific situation or task. It is a key determinant of how we think, feel, and behave. Confidence, on the other hand, is defined as a feeling of assurance or certainty about something. …

Some warning signs that a person may be suicidal include talking about wanting to die or hurt oneself, expressing feelings of hopelessness, talking about being a burden to others, increasing alcohol or drug abuse, withdrawing from friends and activities, abnormal mood swings, and giving away prized possessions. The following are…

Are you feeling stuck in a rut? Do you feel like you can’t accomplish anything you set your mind to? If so, then it sounds like your self-efficacy needs a boost! Self-efficacy is the belief in one’s ability to succeed at a task or goal. It’s an important part of…

Getting out of debt is possible and necessary for many, but it isn’t always so simple. The good news is that a debt management program is the way to go. The bad news is that the majority of people don’t have these programs. What you don’t have can change. …

Situational Changes (The Good, The Bad & The Neutral) Bad habits, bad luck, wrong decisions, and many other reasons land us in a state of distress. These incidents normally lead us to what we believed as “end of the world” situations. Yet they are in fact just a situational change that we could not adapt. Windfalls, jackpots, winning in…

Life can be exhilarating, interesting, and challenging. When you encounter a block in your path, allow your resilience to shine through. These strategies can help you draw on your inner strength to live a meaningful, enriched existence, no matter what type of challenge you encounter. Experiencing challenging phases in life…