5 Ways to Prevent Digital Overload

Updated:
July 18, 2018

Digital overload is exactly what it sounds like, an overwhelming flood of information and stimulation from digital devices, and it affects at least 34 per cent of all workers, according to a survey from Microsoft. What's more, this near-constant access to digital technology can be stress inducing, which could negatively impact your mental well-being.

To ensure that you avoid digital overload, considering adopting these five beneficial practices:

Leave Your Phone Outside The Bedroom At Night

It's common for individuals to use their phones as an alarm clock. This may seem like a harmless practice, but the light emitted by your phone negatively affects levels of the sleep inducing hormone melatonin.

Keep your phone out of reach at home

Keeping your phone physically out of reach can help you use it less. According to its 2016 survey, Catalyst Canada found that 3 out of 4 Canadians own a smartphone, making it easy to remain digitally connected at all times.

Turn off notifications and use "flight mode"

Turn off all your phone's notifications to make sure that you are not disturbed during sleep.

Take physical notes

Instead of reaching for your phone every time you feel the need to look something up, make a note and then check a number of items once you have a sizable list.

Practice mindfulness

Try reading a book, going outdoors, or interacting with people in person rather than digitally.

FAQs

What is financial advising?

Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.

Why is financial planning important?

Financial planning is crucial for several reasons:

Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.

Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.

Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.

Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.

Can financial advisors help with debt?

Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.

What exactly does a financial advisor do?

The specific responsibilities of a financial advisor can vary, but generally, they:

  1. Conduct a thorough analysis of a client's financial situation, including income, expenses, assets, and liabilities.
  2. Develop personalized financial plans based on the client's goals, risk tolerance, and time horizon.
  3. Provide investment advice and portfolio management services.
  4. Offer guidance on retirement planning, estate planning, tax planning, and insurance.
  5. Monitor and adjust financial plans as needed based on changes in the client's life or market conditions.
  6. Educate clients on financial matters and empower them to make informed decisions.
What is the average fee for a financial advisor?

The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.

Common fee structures include:

Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.
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It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.