All of us might have come across this acronym FOMO (Fear of Missing Out).
There is a natural tendency in all of us to react because of FOMO.
FOMO causes us to commit some of the costliest mistakes in Investing and Life.
On the other hand, most people are not struck by FONA.
FONA = Fear of No Action
Thus, we take No Action even when it is so clear that we should.
Blame it on Status Quo, Inertia or Why Change when things seem fine.
The reality is that we don’t ask ourselves this important question and attempt to get an honest answer.
What is likely to happen if I don’t act?
No Action has caused the downfall of many big businesses and industries. If we think this won’t happen to us, we are living in a fool’s paradise.
There is still time to embrace change. We don’t have to endure or bear change. We simply need to embrace it.
Make 2022 your Best Ever Year by Committing to take One Nano Step and Action.