We encounter a lot of fears in our lifetime. Fear drives so many of our decisions and it is actually an acronym for:
FALSE
EVIDENCE
APPEARING
REAL
There are lot of apprehensions happening in the mind of an individual which abstain him from investing. He is saving but not able to invest the same. What is the point of cutting vegetables for a meal and not able to cook it, which means outcome will not be there and the food will not be served. Sharing the list of 4 fear Factors in the mind of potential investor before investing:
1. Right Time to invest:
There will never be a Right time to invest. Fluctuations and volatility amongst all sectors is a Must and has been happening since ages. Everything having life has its ECG graph going up and down, Volatile all the time. If the graph is straight, it indicates an end to it. Only thing is permanent that is CHANGE.
2. I may not be able to keep up with Financial commitment:
I may not be able to keep up with my commitment for investing over years as the future is uncertain and who knows I might be earning the same way. Surely, future is uncertain and in nobody’s control which does not mean one should stop planning for it or just for the fear of not knowing about income sources in future, one should not invest. It is like we will cross the Bridge when time comes. Lets start today by investing, it has to be Forced investment in any way which means you will do it only when you are forced into it.
3. Risk of losing interest or principle:
The Biggest fear which draws a line between savings and investing is the fear of Losing Hard earned money. This fear strikes, irrespective of where you parked your money…Banks, Corporates, Insurance Companies, Mutual Funds etc. Many people think that investments are risky because they hear so many horror stories. Latest ones are NSEL and Chit funds Frauds. There is more risk involved in keeping money with you and losing on its sheen.
4. Fear of changing with times:
As mentioned above the only permanent thing in life is CHANGE. Change is a part of one’s integral life. The sooner you adapt the same, the better it is for you.
“It is risky to rely on Luck and Friends.”
Even the most courageous people have fears to overcome. Just Believe in your conscience.
No matter what it is that scares you, learn how to acknowledge, confront and take ownership of your fear to keep it from holding you back in life.
One can overcome FEAR by following two Golden Rules:
1. Imagine about outcomes you desire: Visualize about the outcome and fulfillment of the Desires that are deep rooted. All this can happen when you input and input will be there once you overcome FEAR.
2. Start Seeing fear as an opportunity: Start doing atleast one task everyday that scares you. No one else can do this for you. Someone can help you but ultimately you will have to do the work that actually removes the blockage.
So, what are the Fears for you and Are you Ready to take up the Challenge of Overcoming them?