Emotions And Wealth
If you can’t control your emotions, how do you expect to control your wealth? To illustrate my point, imagine that you just lost half your life’s savings from a sharp drop in the stock market. You would likely get emotionally “down” about it. Now imagine that you just won the largest jackpot ever in Las Vegas. Can you imagine how emotionally “up” you would be? This same principle works in reverse: When your emotions fluctuate, your ability to accumulate wealth fluctuates. If you want to accumulate wealth, create balanced and sound strategies that override your emotions. You can make money using strategies, not emotions.