Everyday wellness: Finding the upside in a downturn

Member for

1 year 11 months
Submitted by Jennifer Song on Thu, 04/07/2022 - 10:43

Have you ever felt overwhelmed by the news?

Although we all know it’s important to stay informed about the world around us, we can all agree, the news can sometimes be too much. We have to filter the constant barrage of negative information to search for the positive news. It’s also vital to feel we can ‘do something’ amidst the prevailing chaos to bring a sense of order and well-being back into our lives, while reaching out to help ourselves or others during times of turbulence.

COVID. Civil unrest. Shortages. Resignations. War. Market volatility. Inflation. And a possible recession?

The stuff of Hollywood. So we would like to think. Yep. These are the issues of the day causing many of us to experience angst and feel out of control. Overwhelmed. It can feel beyond us. 

Or, is it beyond us? 
So how can we find the upside in a downturn? First, it is vital to realize that although we cannot change the world alone, we can make a difference. We can choose to be mindful of what matters, shift our thinking and in some instances, take action to change our corner of the world for the better.  


Firstly, take stock in what you do have. Shifting our mindset is key. Our brains are wired to assess the negative in our environment to survive. I propose we choose to think a little differently so we can rise above the noise and learn to thrive. Recognizing the good in our lives brings us comfort. Getting outside of ourselves to help others can increase our happiness. What is good in your life right now? Grab a pen and paper to jot down all the good in your life.  

Then, there is COVID, which has brought out harsh realities that we wished to have never gone through. I propose we practice less fear and more love while learning to make peace, learning to live in a post-pandemic world.

Although street protests and civil unrest has quieted, the voices for racial justice have not. There is still much work to be done. Here are some ways you can help support disaster relief and battle injustice here and abroad. U.S. Civil Unrest - Center for Disaster Philanthropy5

Thanks to the past few years, food, housing, lumber, cars, furniture, services, logistics, labor and more are all in short supply. Slowly some of these shortages are easing up but may likely be with us for a while. Is a recession on its way? Who knows? For now let’s recycle, reuse and reassess what we really need vs. what we want.

The Great Resignation Didn’t Start with the Pandemic ( According to Harvard University, “…it’s the continuation of a trend of rising quit rates that began more than a decade ago. Five main factors are at play in this trend; retirement, relocation, reconsideration, reshuffling and reluctance."  All of these factors, the authors argue, are here to stay. What changes are you making to your work life that can also impact your personal life? 

As for the political unrest in Ukraine, if you so desire, research reputable non-profits in the business of helping the Ukrainian people right now. Donate your time or money to support the people directly affected by this war. According to Oprah, here are 5 ways you can take action today to help: Support Ukraine Right Now with These 5 Resources ( ¹

All of these things and more are also impacting the financial markets. As history has shown, market volatility is normal and the best advice: stay calm and stay the course. Investing is a long-term prospect and when markets slide downward, taking a long-term view is more likely to lead to achieving your goals. Patience and time are key. 

And lastly, inflation. The best way to take on inflation is to take on your budget. Watch: Creating a budget | Voya.com² and then, use the budget calculator to find balance between your needs, wants and savings. And to keep up with inflation, consider investing. Read: Ways to help protect your retirement against inflation with a plan built to last | Voya Financial Blog.³ When you plan, you can feel better about your future.

Taking whatever positive actions you can now, will help you cope with the constant changes all around us and help you see the upside of any downturn. Resilience can help you rebound from chaos more quickly to find a better sense of well-being. We think that’s priceless. 

So…what will you do to change your world, today? 

How to be more resilient when chaos reigns
Compliance Code
Business Owner
Jennifer Song
Expiration Date
Individuals Everyday Wellness Financial Wellness Retirement

¹, 5 Ways You Can Support Ukraine Right Now, Elena Odulak, March 8, 2022, Support Ukraine Right Now with These 5 Resources (, last accessed March 29, 2022

², Creating a budget |, last accessed March 29, 2022

³, licensed content for Voya Financial Blog, Ways to help protect your retirement against inflation with a plan built to last | Voya Financial Blog, last accessed March 29, 2022

₄, Harvard Business Review, The Great Resignation Didn’t start with the Pandemic ( , Joseph Fuller and William Kerr, March 23, 2022, last accessed March 29, 2022, excerpt: “…it’s the continuation of a trend of rising quit rates that began more than a decade ago. Five main factors are at play in this trend; retirement, relocation, reconsideration, reshuffling and reluctance.  All of these factors, the authors argue, are here to stay. “

5 The Center for Disaster Philanthropy website, U.S. Civil Unrest - Center for Disaster Philanthropy, last accessed March 30, 2022

Allocate your savings

Member for

1 year 11 months
Submitted by Jennifer Song on Mon, 04/04/2022 - 08:50
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As you plan for the future you envision, are you allocating your money appropriately? If you’re like many people, you may be worried about managing multiple priorities, paying off debt, planning for a future large purchase all the while saving for retirement. Or simply put, you may just be trying to make it by each month.

A few common thoughts that come up are:

  • What am I saving for/I have too many savings goals
  • How much should I be saving each month to reach X amount of money?
  • How long should I save for?
  • How can I even get started saving?

Understanding the different types of savings accounts that are out there and how they can work for you is an important step when it comes to planning for your future.

Here are 5 types of savings buckets that you should consider:

  • Household – when it comes to saving for everyday needs, utilizing a household budget is key to making sure you balance your spending and saving. Understanding the balance between your needs, wants and savings can be helpful when it comes to understanding your future financial goals. Build your household budget with Voya’s Budget Calculator.
  • Emergency – do you have enough cash to cover an unexpected situation? Making sure you set aside money specifically for life’s unknowns, can help you from going into debt or taking out a loan, when life happens. Learn more about the importance of an emergency fund, how to get started building one and how much you should stash away.
  • Health – We have heard that health care continues to be one of the largest expenses in retirement. Having a separate account for health-related expenses is important in making sure you don’t have to dip into your retirement account or other savings accounts to pay for medical expenses. Whether you have access to a Health Savings Account through your employer (check out the tax deductions on this!) or create a separate savings account for health-related expenses only, assigning specific dollars to current and future medical costs can help you enjoy your retirement dollars that much more. Learn more about a Health Savings Account.
  • College – are you planning to support a student when they go to college? If college is on the horizon and you’ll be helping to foot the cost of college, then consider the different types of college savings accounts available to you. Whether it’s a 529 Savings plan, an Educational Savings Account or a Uniform Gifts to Minors Act/ Uniform Transfers to Minors Act (UGMA/UTMA), do your research to make sure that you are able to help support their future, without losing sight of yours. Watch this video on saving for college for more information.
  • Retirement – Retirement looks different for everyone but the path to retirement is generally the same. Save, save, save. Make sure to take advantage of all your savings options so that you can enjoy life in retirement. Taking advantage of employer match, maxing our your contributions and setting up a separate IRA are just a few ways to get started. Check out Voya’s myOrangeMoney® Retirement calculator which helps you see how much you may need and your progress toward that goal.

Remember that everyone’s financial plan is different. If you need additional help, consider consulting with a financial professional.

It’s never too late to start saving for the future you envision.

Planning for your financial future can be exciting, stressful and sometimes downright confusing.
Compliance Code
Business Owner
Jennifer Song
Expiration Date
Individuals Retirement

This material is provided for general and educational purposes only; it is not intended to provide legal, tax or investment advice. All investments are subject to risk. Please consult an independent legal or financial advisor for specific advice about your individual situation.

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