Recovering from any sort of setback can be a daunting proposition. Whether it’s a financial setback, emotional setback, or both, it’s important to understand the concept of recovering and restoring stability to your life. Fortunately, there are effective strategies to employ when facing a difficult situation.
What Does Recover Mean?
The dictionary defines the verb, “recover” as “to return to a normal state of health, mind or strength; to restore from a former worse condition.” When facing financial or emotional setbacks, the concept of “recover” directly refers to the process of returning to soundness and stability once again.
How to Recover Financially
When suffering a financial setback, it is important to have both short and long-term solutions in place. To start, it’s best to get an accurate assessment of funds available, liabilities that exist, and expenses that are due. Talk to a financial advisor, lawyer or accountant to create a budget and plan for making payments on any outstanding debts. Additionally, put a plan in place to rebuild finances, such as approaching lenders about refinancing, setting up side jobs for short-term financial relief, or evaluating investments.
How to Recover Emotionally
The emotional recovery process often involves seeking help, whether it be through a professional therapist, a close friend, or even a support group. It may also involve surrounding oneself with positive people, engaging in physical activity, becoming mindful of feelings, maintaining a healthy diet, and engaging in an activity that brings peace and joy—whether that be yoga, painting, or playing a musical instrument. By navigating and understanding emotions more holistically and actively engaging in activities that bring about joy and peace, it’s possible to begin to heal from setbacks and move forward.
The Key to a Successful Recovery
The most important part of recovering after a financial or emotional setback is to remain resilient and positive. With perseverance and an action plan, it is possible to get back on track in both realms. Allow yourself the time to process the situation, develop an approach, and move on. With sound decisions and the right tools, it’s possible to recover and restore stability.