Bounce Back - The Ultimate Guide to Financial Resilience

In Bounce Back, veteran financial coach and bestselling author Lynnette Khalfani-Cox explains how she slayed six figures of consumer debt in a mere three years and went on to build a seven-figure personal net worth. The author shows you how to take on--and defeat--the most common and difficult challenges facing Americans today, from debt, disability, and job downsizing to disasters, discrimination, divorce, and more. She draws on her own extensive experience helping people with their most intractable financial problems, the wisdom of other money coaches, financial therapists, certified financial planners, and psychologists - as well as the inspiring stories of everyday people who have bounced back from adversity.
 
Emphasizing the critical importance of emotional, financial, social, and physical resilience, Bounce Back demonstrates 10 practical and hands-on techniques you can implement immediately to build your resilience and recover fiscally and emotionally from the most frequently experienced personal finance setbacks. You'll also discover:
* How to handle the ever-rising cost of living and the increased impact of high levels of inflation
* Actionable strategies for burning down your debt as fast as reasonably possible
* Practical advice for people who face discrimination and maltreatment in the financial, housing, and employment markets
 
An essential and endlessly inspiring roadmap to a better financial tomorrow, Bounce Back is an expert guide to transforming a seemingly impossible challenge into a manageable setback you can overcome with skill, faith, and resilience.

List of contents

Acknowledgments xxi
 
About the Author xxiii
 
Foreword xxv
 
Introduction xxvii
 
Chapter 1: Resilience and Grit in the Face of Adversity, Transition, and Change 1
 
The Drive: A Famous Sports Comeback 2
 
Understanding the Value of Transition and Change 3
 
The Upside of Your Transition and Stress 5
 
Defining and Developing Resilience 7
 
Financial Resilience 9
 
Structural Inequality and Systems 10
 
Many Forms of Resilience 13
 
Building Emotional Resilience 13
 
Write a Letter to Yourself from the Perspective of a Compassionate Friend 13
 
Find a Quiet, Comfortable Place to Write 13
 
Begin with a Friendly Salutation 14
 
Acknowledge Your Feelings and Struggles 14
 
Express Understanding and Empathy 14
 
Offer Support and Encouragement 14
 
Share Practical Advice or Coping Strategies 14
 
Close the Letter with Kindness and Affirmation 14
 
Fostering Social Resilience 15
 
Enhancing Physical Resilience 15
 
Recognizing and Embracing Your Strengths 16
 
Resources for Resilience and Grit 18
 
Chapter 2: Building Your Resilience 19
 
Strategy 1: Practicing Mindfulness 19
 
Strategy 2: Cultivating Gratitude 20
 
Strategy 3: Journaling 21
 
Strategy 4: Being Patient with Yourself 22
 
Strategy 5: Practicing Self-compassion 22
 
Strategy 6: Seeking Professional Help 24
 
Identify the Right Professional for Your Needs 24
 
Consider Different Therapy Styles and Techniques 24
 
Leverage Online Resources and Support Groups 24
 
Keep an Open Mind and Be Patient 25
 
Strategy 7: Staying Connected 25
 
Reach Out to Friends and Family 25
 
Join Support Groups or Clubs 25
 
Engage in Community Activities 26
 
Create a Support Network 26
 
Strategy 8: Focusing on Self-care 26
 
Maintain a Balanced Diet 26
 
Stay Hydrated 26
 
Get Regular Checkups 27
 
Stretch and Move 27
 
Prioritize Personal Hygiene 27
 
Limit Screen Time 27
 
Manage Stress 28
 
Exercise Regularly 28
 
Get Plenty of Sleep 28
 
Listen to Your Body 28
 
Strategy 9: Establishing a New Money Game Plan 29
 
Assess Your Current Financial Situation 29
 
Create a Monthly Budget 29
 
Set Financial Goals 30
 
Regularly Check Your Net Worth 30
 
Seek Professional Guidance 30
 
Stay Proactive and Adaptable 30
 
Maintain Open Communication with Loved Ones 31
 
Strategy 10: Creating a Financial Plan B 31
 
Identify Potential Risks and Setbacks 31
 
Evaluate Your Emergency Fund 32
 
Review Your Insurance Coverage 32
 
Diversify Your Income Streams 32
 
Create a Plan for Each Scenario 32
 
Maintain a Flexible Budget 33
 
Keep your Skills Up to Date 33
 
Review and Update Your Plan Regularly 33
 
Resources for Building Resilience 34
 
Chapter 3: Downsized from a Job 35
 
The Handwriting on the Wall 36
 
Downsizing and Layoffs Are Painful-- and Widespread-- in America 37
 
The Rise of AI Will Lead to More Job Loss 37
 
The Emotional Aspects of Job Loss 39
 
The Psychological Contract 39
 
Coping Strategies to Help 41
 
Being Patient with Yourself 41
 
Practicing Self-compassion 41
 
Seeking Professional Help 42
 
Staying Connected to Others 42
 
Prioritizing Self-care 42
 
Three Crucial Financial Steps

About the author

LYNNETTE KHALFANI-COX is a personal finance expert, keynote speaker, and the widely read author of 16 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom. She's a former financial news journalist and co-owner of TheMoneyCoach.net LLC, a financial education company that offers financial education consulting, financial workshops, training programs, and more.

Product details

• Authors: Lynnette Khalfani-Cox
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 26.12.2023
• EAN: 9781394205165
• ISBN: 978-1-394-20516-5
• No. of pages: 336
• Subjects: Guides > Law, job, finance; Social sciences, law, business > Business > Business administration; Personal finance, Private Finanzplanung, Finance & Investments, Finanz- u. Anlagewesen