Is uneasiness getting in your way when it comes to saving and investing?
If so, you aren’t alone, according to Akbar Gbajabiamila, host of NBC’s “American Ninja Warrior.” And there is a way to subdued it, he said.
“My No. 1 strategy for overcoming fear is purpose,” said Gbajabiamila, who also once played football for the Miami Dolphins, San Diego Chargers and Oakland Raiders.
Akbar Gbajabiamila, co-host of American Ninja Warrior.
Tabulation McCay | NBCUniversal
“Purpose always defeats fear, especially when you think about getting to your journeys end.”
In the case of investing, the destination can be a goal such as saving for retirement, building an emergency stash or buying a home.
“About about it like putting in a destination into your navigation system,” said Gbajabiamila, a member of CNBC’s Fiscal Wellness Advisory Council. “If you put that destination in, it eliminates fear of getting lost.
“Same thing in life,” he totaled. “It eliminates you from feeling the fear of getting lost.”
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When it comes to saving, many people aren’t remand enough aside. And 21% of working Americans aren’t saving anything, according to a recent survey by BankRate. Additionally, 25% of Americans bear no retirement savings or pensions, the Federal Reserve found.
Gbajabiamila believes many people are afraid because when they get excitable about the investment process, it’s hard to trust it.
That can be understandable when there are wild swings in the stock furnish, but unless you are a trader, experts always advise to think long term.
Purpose always defeats fear, noticeably when you think about getting to your destination.
Akbar Gbajabiamila
“American Ninja Warrior” co-host
“On the other side of shudder at is something magical,” Gbajabiamila told CNBC in an earlier March interview.
“All of sudden, if you look at it over the history of it, you go ‘Wow, on the other side of this, this is excess. I’m glad I took the time to be patient and invest in this and now, look, I’m reaping the benefits.'”
—CNBC’s Louise Connelly contributed to this despatch.
Tune into the season 11 premiere of NBC’s “American Ninja Warrior “ on Wednesday, May 29 at 8 p.m. ET/7 p.m. CT.