Stress-onomics – Is Stress or Burnout Impacting Your Profits?

Welcome back to the Financial Bloke's Wealth and Wisdom Podcast. Today, we delve into the impact of stress and mental health on family agribusinesses and explore tools to build resilience. Stress, like an unnoticed oil leak, can lead to catastrophic consequences if ignored. I've encountered numerous successful farming families facing roadblocks rooted in stress-related issues, impacting not only their personal lives but also the profitability of their businesses. Today, we address these challenges with a focus on solutions.

Joining us is Letitia Cross, The Rural Mental Health Coordinator for the Rural Adversity Mental Health Program. Letitia, with a background in corporate agribusiness and a Master's in Psychotherapy, brings valuable insights into how to improve your mental health. 

Identifying Stress and Mental Health:

• How do you recognize someone suffering from stress or mental health issues?
• Share statistics on the prevalence of mental health issues and the increasing trend of burnout.
• "Toughen Up" Mentality: Should we just adopt the "toughen up" approach?

Business Impacts of Stress:

• We discuss the GRDC research paper on the actual costs of stress and mental health on rural production.
• We highlight the tangible effects on family life, succession plans, and overall business profitability

Tools for Recovery:

• What are some of the practical tools for individuals to overcome stress and mental health challenges?

Where can listeners find more about Letitia online?

Rural Health & Adversity Program - https://www.ramhp.com.au/

-----------------------

Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/