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[EXCERPT] Fear of Investing
When you make any investment, you’re taking on risks. That’s why many folks who are skeptical of the markets think Wall Street is just a big casino where the house always wins. Because they’re worried that their investments won’t pay off, they prefer to “play it safe” by keeping most of their money in the bank, with a few government-backed bonds and CDs rounding out their portfolios. They might even apply this “safe” mindset to other aspects of their lives. Why “invest” in a gym membership when your fitness resolutions have always failed? Why “gamble” on yourself by starting your own company when the odds seem stacked against you?
Unfortunately, in both finance and in life, there’s no growth without risk. The give-and-take between buyers and sellers that causes market volatility is also what creates value and, for disciplined investors, increased wealth in the long run. Your Life-Centered Financial Plan is designed to account for, weather, and even take advantage of these quantifiable and manageable risks.
You can also plan to make more effective investments in other aspects of your life. For example, ditching resolutions for incremental SMART goals – Specific, Measurable, Achievable, Relevant, and Time-Bound – can help you face your fears and start achieving more.
Click here to learn more about ROL Advisor’s digital discovery tools, then sign up for a 7-day trial to become a better Life Centered Financial Planner, and finally, schedule a demo.