Feeling overwhelmed with your money? You’re not alone. Many people lie awake at night wondering, “Will my money last as long as I do?” It’s normal, especially if you’ve faced setbacks or feel unsure about where to start. But here’s the good news: You don’t have to stay stuck. A few practical steps can help you take charge of your money and your future.
Face Your Money Fears
Money fears don’t appear out of nowhere—they’re tied to personal experiences. I’ve worked with clients who’ve shared stories about how financial struggles they’ve seen in others left them feeling insecure. One client was terrified of running out of money after seeing his retired aunt lose everything. By naming that fear, we built a plan to ensure it wouldn’t happen.
Here’s the deal: You’ve got to name it to tame it. Sit down with someone you trust—your spouse, a friend, or even better, a financial advisor—and talk about what’s keeping you up at night. Is it the stock market? Surprise bills? Feeling like you can’t say no to helping your kids? Once you pinpoint the problem, you can tackle it head-on.
Know Your Money Habits
Your money problems aren’t just about math—they’re about behavior. Ask yourself: “How do I react when stock portfolio drops?” or “What do I do with an unexpected bonus?” Those patterns matter.
Start paying attention. Keep a “money journal” and write down how you feel when something changes with your finances. Over time, you’ll spot triggers and make smarter choices.
Take Baby Steps
Even wealthy families feel nervous about managing money. One retired couple felt uneasy using their savings, so we set a simple goal: Cover monthly expenses with investment income. They tracked spending, celebrated wins, and built confidence over time.
That’s the key—start small. Set clear, achievable goals, and celebrate milestones. Soon, you’ll control your money instead of letting it control you.
Ready to feel confident about your finances? Schedule a free Cross-Border Financial Evaluation at profile-financial.com/call to explore your options and discover what’s possible.
Douglas Goldstein, CFP® is the director of Profile Investment Services, Ltd. www.Profile-Financial.com. He is a licensed financial professional both in the U.S. and Israel. Call (02) 624-2788 for a consultation on how to set up your American assets to meet your financial goals. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates. Neither PRG nor its affiliates give tax or legal advice.
Published March 12, 2025.