watch nowToo often, people are encouraged to be fearless, according to personal finance expert Farnoosh Torabi, but fear is a valuable tool, particularly when it comes to building wealth.
The following two steps can help you harness fear to build wealth.
Women are also more likely to live paycheck to paycheck and consider themselves financially fragile, a separate report by Varo Bank found.
Torabi, who said she's wrestled with her own relationship with fear as a young adult, advises playing out the worst-case scenario.
"If you are afraid of a recession, better to think about what might happen if you lost your job," she said.
Persons:
Farnoosh, Torabi, she's
Organizations:
Varo Bank
Locations:
Northwestern