FONA

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

December 31, 2021 | 2 Minute Read

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.