The Money Bare

Quick Money Tip #25: Fear and Inaction Around Money

June 01, 2023 Chloe Daniels Episode 74
The Money Bare
Quick Money Tip #25: Fear and Inaction Around Money
Show Notes

How long have you been putting off opening an HYSA? Or learning how to invest? Do you feel like it's been something on your list forever, but for some reason, you can't seem to make it happen??

Well, let's talk about fear and overcoming the sometimes paralyzing impact of money fear.

Fear can wield significant power over our lives, especially when it comes to money matters. The gripping fear surrounding personal finances often results in a state of inaction, preventing individuals from taking charge of their monetary well-being. By understanding how fear affects our financial behavior, we can proactively combat its paralyzing impact and gain control over our financial future.

Fear around money can manifest in various forms, such as the fear of scarcity, fear of failure, or fear of making wrong financial decisions. These fears often stem from past experiences, societal pressure, or an overall lack of financial literacy. When left unaddressed, they can lead to a self-perpetuating cycle of inaction and financial stagnation.

In today's episode, learn how fear surrounding money can hinder financial decision-making and lead to inaction. Clo Bare will also share some effective strategies to overcome money-related fears and take control of your finances today.

Related Episodes:
Quick Money Tip #2: Why Don't You Have a High Yield Savings Account Yet?
Quick Money Tip #5: What do I do with my old 401(k)?
Quick Money Tip #12: Addressing Objections & Fears Behind Investing
I-Bonds, My Mom's Story, How It Impacted My Views of Money with Kim Daniels

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