Deepak Chopra: How to Practice Mindfulness with Your Finances

Deepak Chopra, a wellness expert, suggests that being mindful can alleviate the stress and anxiety Americans are currently experiencing regarding their finances.

A recent survey by CNBC + Acorns Invest in You found that about 52% of U.S. adults are experiencing more financial stress than they did a year ago. The poll was conducted among a national sample of 3,953 adults from March 23-24.

Chopra, founder of The Chopra Foundation and Chopra Global, stated that many individuals are disillusioned, agitated, despondent, and anxious.

Inflammation and a weakened immune system can result from stress, he stated.

Becoming mindful with your money is a way to gain control of your financial life, just like meditation, comedy, and music can help you decompress.

According to Psychology Today, mindfulness is defined as "a state of active, open attention to the present." When applied to finances, this means being fully present and attentive to your money.

What are consumers planning to cut back on if prices continue to rise?

According to Chopra, the key to managing money is to avoid purchasing unnecessary items with unearned funds, in an attempt to impress disliked individuals, which will ultimately lead to stress in one's life.

Being in debt is deeply ingrained in our culture, as Chopra, the author of 'Abundance: The Inner Path to Wealth,' recently pointed out.

According to a NerdWallet study, the average household with debt owes $155,622, while those with credit card debt owe an average $6,006.

Chopra advised that one should save about 10% of their earnings, a lesson he learned from his mother.

“It served me well all these years,” he said.

"Be a little frugal and ask yourself if you need or want what you're considering," Chopra advised.

“You know, wants and needs are two different things.”

Investing can be emotionally charged, but it's important to keep a level head. Despite a weak start to the year, the stock market bounced back in March. While April is typically a strong month, market experts anticipate some volatility in the coming quarter.

According to Chopra, a member of the CNBC Invest in You Financial Wellness Council, people often become anxious and overly dramatic when making decisions, leading to irrational choices.

Remain patient and avoid making unreasonable choices.

Taking care of yourself physically and mentally can improve your ability to gain financial success, he said.

Most importantly, keep things in perspective.

"What's the point of accumulating wealth if it doesn't bring joy in the end?" Chopra remarked.

Instead of a bottom-up approach, he suggested a top-down approach where joy should always be the top priority, followed by everything else.

Register for the free, virtual 5k hosted by CNBC + Acorns Invest in You: Ready. Set. Grow. from April 11-18 and receive motivational money tips from Deepak Chopra by clicking here.

To receive the 8-week course on financial freedom, Money 101, click here. For the Spanish version, click here.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.