It’s time to throw away your excuses.
If you’re not on track with your investing, what’s holding you up?
Many years ago, I figured out that the only thing standing between me and success was… me.
We can ALL be our own secret worst enemies.
Whether we refuse to strive, or whether we reign in our horse just before it takes the jump – it all leads to the same results.
Performing at less than our full ability.
That sucks and it’s time to refuse to take it anymore.
Most investors who don’t read this blog never do much or get anywhere.
Half don’t start.
The majority quit way too easily.
This month I challenge you to dare to let your imagination run wild with all that you can achieve.
Once your mind has expanded, it will never go back to its original way of thinking, so you owe it to yourself to set a big goal and then work like heck to achieve it.
You only get one shot at life.
Strive and stretch.
Also, think about how you’ll react to your investing wins and losses in advance.
How are you likely to react if you suddenly made a huge windfall profit?
Or, (perish the thought), a larger than expected loss?
Interestingly, from a neurological perspective, we have some neurons in our brain called Mirror Neurons.
When we look at a sport, or listen to someone else’s experiences, these nifty little neurons fire off in our brain.
If we have internalised other people’s experiences/lessons or previously thought about our likely reactions, this has the advantage of making novel events in our life seem familiar.
So by pushing your mind on the investing front, I’m aiming to get your Mirror Neurons sparking, and for you to know what it takes to become an Investing Dynamo.
I’m training you not to react on the basis of your primitive limbic system, which basically focuses on a fight or flight response.
By presenting you with different investing scenarios, you’ll train your brain to be more pre-frontal cortex oriented, and respond with logic, rather than emotion.
This should be the goal of every investor, whether you’re just starting out, or even if you’re already an experienced player.
Understand that failure is a part of the process in becoming a successful investor.
Investing is not about avoiding risk but managing it.
The key is to keep those failures financially discreet but educationally significant. That is, keep your losses small but learn from them!
Take me up on my challenge. Stretch, strive, and dare to let your imagination run wild about what you are capable of achieving.
The best investors do it, and so can you.