I thought people don’t normally consider the Fight or Flight response and money?
It is all about the resources, we feel we don’t have and feel threatened about.
So that call from the bank?
We ignore it or go, right, I am going round there to deal with it now – which is flight or fight.
What is the flight or fight response? I have a little sum up here, as I think we all know.
“Stress is a biological and psychological response, experienced on encountering a threat, we feel we do not have the resources to deal with. ” Quote and picture by Simple Psychology
When you get in a life threatening situation, you do need to take action and that’s why we have this wonderful thing.
But when it is your ego that is in danger of dying and not your physical body, we need to come up with a new strategy, particularly when it comes to money.
I think the most extreme thing I have ever seen someone do in a Fight mode is buy a house they have never seen at an auction. They just got carried away with the auction – it was like “I must have it”. Fortunately it was only £60,000 but I can’t imagine what state that house was in?
On the Flight response, I have been round to people’s offices who have years’ worth of unopened bank statements, they can’t bear it and are “la, la, la, la, la”..
Bank statement, balances, paperwork – la, la, la, la, la, with their fingers in their ears, that’s the flight response.
When we get stressed, we find it very difficult to deal with, if we deal with it at all.
Often we don’t make great decisions.
I wanted to draw your attention to this fact, so you can make better decisions.
Be in control of your money, rather than have this human response be in control.
Everything can wait one minute, nothing needs to be done that second.
We can all wait a minute, especially when it comes to the ego.
If you know you are making a decision and you are hot, sweaty and panicky about it.
Take a minute and ask yourself “am I doing this because I am ‘fighting’ or ‘flighting’ or am I doing this, because I have thought this through and it really is a sensible thing to do.
We are not going to go into the relaxation response, which is the best way to deal with it.
This is the awareness stage, to start noticing you are doing it.
Then breathe, long slow breaths to calm down your heart rate and lungs and relax in the chair.
That’s where we are going to end up, nicely relaxed about money.