It seems every week there’s a new acronym to label the US economy and the “vibes” of the general population.
This week it’s FOGO: The Fear of Getting Old.
But the movement gained traction years ago with FOMO, created to describe millenials’ (or anyone’s) fear of missing out. Then the pendulum quickly swung in the other direction as JOMO, the Joy of Missing Out, took over during the pandemic. You may also have heard of DINKs (double income, no kids), FIRE (financial independence, retire early), and HENRY (high earner, not rich yet). How about HIFI (high income, financially insecure)? Or ALICE (asset limited, income constrained, employed)?
These acronyms distract from the core issue: How to cope with the natural fears that arise when taking risks and living life to the fullest.
The good news is you don’t have to fear aging or missing out. Working together, we can assess the level of risk you’re comfortable with when pursuing your financial goals, leaving you with a sense of faith and freedom — especially significant this Independence Day.
Below are articles with more info for you. Enjoy, and have a happy and healthy Fourth of July!
Just One-Tenth of Americans Believe They Have Financial Freedom, Study Finds
It’s Fine if Investing Bores You. Some Money Pros Feel the Same Way.
How to Boost Your Social Security Check by 24%
When Can I Retire? Key Factors, Strategies, and Expert Insights for 2024
Click here to listen to the podcast: Optimism Bias And Why You Should Avoid It