Feeling a bit paralyzed
I (31F) currently have about 70k in an HYSA. I have no debt, pay into a pension, and don’t plan to buy a home any time soon. I know that in order for me to meet my financial goals, I should invest some of this money into things like stocks and bonds. However, I’m a bit paralyzed by fear when it comes to doing this.
I grew up with parents and grandparents who were more old fashioned and believed that putting your money anywhere other than a standard savings account at a brick and mortar bank or a safe was risky, so I have had to learn everything I know about building a secure financial future for myself from this sub and other forms of media (like I’m sure many of you have). I only learned what an HYSA was a year and finally convinced my mom to open one as well lol. That being said, breaking this habit of thinking passed to me from my family/the scarcity mindset I grew up with has been incredibly difficult. I opened an investment account 3 months and haven’t transferred anything over because I am terrified of losing what I have worked so hard to grow.
Has anyone else experienced these feelings? I know it may sound silly, but this is all so foreign to me and making the first step has me a bit paralyzed. Any advice or encouragement is appreciated!