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Moved some cash to a high-yield savings account for better interest, but now I'm too scared to actually invest it. How do you get past that first step?

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4 Comments
milah76
milah761mo ago
@beth_butler's advice reminds me of when I almost didn't buy that couch.
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juliahayes
juliahayes1mo agoMost Upvoted
Well at least your money is safe from your own fear there.
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jenkins.hayden
But that safety from fear can actually hold your money back from ever growing. If you never take any risks, you miss out on all the good chances to make more. beth_butler was right about needing to name the exact fear so you can start small. Otherwise, you're just freezing up and your money just sits there losing value over time. It feels safe now, but in the long run, you might end up with less than if you faced the fear. What's a tiny step someone could take to test the waters?
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beth_butler
Honestly, what's the actual worst case you're picturing? Is it losing every single dollar, or just watching the number go down for a bit? Pinpointing the exact fear might help you take a smaller, less scary first move.
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