Facing Our Fears: The Power of Unlearning

Are you haunted by past mistakes, especially in personal finance? Do you avoid confronting financial situations head-on? I know I did. But let me tell you how facing my fears and embracing growth changed my life.

For years, I struggled with managing my personal finances. Like many, I ignored the symptoms and avoided diagnosis, hoping that the problems would somehow resolve themselves. But the truth is, the only way to address these issues is to take action, seek expert advice, and be transparent about our financial situation.

Recently, I decided to face my fears and consult a financial expert referred to me by a colleague. Upon our first meeting, the expert advised me to investigate the details of my housing loan, something I had avoided for far too long. I took the plunge and meticulously examined my loan details, EMIs, and ROI(interest rate). Armed with this knowledge, I could ask the right questions during a meeting with my bank.

During the meeting, I discovered that my interest rate was much higher than the current market rate due to past irregular payments and pending interest charges. However, the bank offered me a deal: if I cleared all pending charges and paid a nominal processing fee, they would reduce my ROI to the current market rate. I agreed, made the necessary payments, and my new, lower interest rate was confirmed within hours.

This seemingly simple act had a profound impact on my life. Not only was a huge burden lifted from my shoulders, but I also experienced a sense of lightness and freedom I hadn't felt in years. By facing my fears and taking action, I learned something new and unlearned old patterns that had held me back.

As Ray Dalio wisely said, "If you don't look at yourself and think, 'Wow, how stupid I was a year ago,' then you must not have learned much in the last year." This experience taught me the power of unlearning and embracing growth. By confronting our fears and taking charge of our lives, including personal finance, we can learn valuable lessons and experience the liberation that comes from addressing our challenges head-on. Don't let fear hold you back – take action and discover the freedom that awaits you.