You’ve run the numbers, talked to your financial advisor, and the day has finally come for you to write that big check to complete that big purchase you’ve been excited about for months.
Even though you’ve done all your homework and can’t wait to take possession of that beautiful dream home or go on that amazing family vacation you’ve been planning for so long, you still feel a sense of anxiety as you prepare to sign the check.
In this video James Lenhoff, President of Wealthquest, talks about why we have this strange feeling of anxiety when we spend a lump sum of cash on something that we’ve always dreamed about getting.
First, the thoughts that we’re having – thoughts in which we second-guess ourselves at the last minute despite all the work we’ve done to make sure that this is a financially wise purchase – are the key drivers of this anxiety.
Second, these thoughts are not connected to reality. They’re not connected to the clear-headed financial plan and budget that we made with our loved ones and our financial advisor. Instead, these thoughts are telling us that we’re giving up a bit of financial security – security that makes us feel emotionally at ease – if we make this purchase.
Instead of thinking about what we’re giving up, we should think about what we’re gaining by making this big purchase. Think about the excitement you felt when you first started planning that big vacation or when you first talked to your loved ones about that incredible dream home.
As you prepare to sign on the dotted line and complete this big purchase, don’t forget that the thoughts that brought you to this day are thoughts of positivity, energy, and happiness. Don’t let your negative thoughts ruin this positive moment in your life.