As a practicing financial advisors who conduct hundreds of financial review meetings a year, we can say with authority that financial stagnation in some form hinders most people.
Financial stagnation is a state of impaired action – when you are stuck in an inactive state due to some fear, conflict, or mental block. A classic example is avoiding participating in the stock market for fear of losing money while simultaneously feeling stressed about dismal bond or money market returns. Another classic example is delaying to create or update your estate plan, even though you are exposed to more taxation than necessary or have family members who would suffer the consequences of an unoptimized or incomplete plan. Financial stagnation may be isolated to one financial domain, such as investments or estate planning, or may be present across many financial domains.
I have witnessed how exciting it can be when people plagued by inaction for 10 years or more make more progress in one year than they did in the previous decade by confronting the root cause(s) of their stagnation. You will feel tremendous relief and personal satisfaction by identifying and confronting the causes of any financial stagnation you are experiencing.