Complacent is when you are satisfied with the status quo. It is feeling comfortable with what you have, and not having the desire to go after something better or different, usually because of laziness. In finance, this can be a problem as you are choosing not to take action when it’s in your economic benefit to do so. For example, I won’t make 401(k) or RRSP contributions because I’m lazy to do so.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: