You may have had incredible success in investing in the market throughout your saving years, but retirement is different and past performance is no guarantee of future success.
Your pursuit of financial independence and wealth is one many share. However, when it comes to being “rich”, a life affluent of money doesn’t guarantee a life void of conflict.
Your money mannerisms can reveal detailed aspects of your character and values, which is why the concept of money is so personal.
The gap between expectations and reality is where powerful emotion is felt, especially the larger we perceive that gap to be.
As author Morgan Housel says, historical events which reap takeaways that can be applied to broad areas of life often contain some of the most valuable insight.
As author Morgan Housel says, “The most important investing question is not, ‘What are the highest returns I can earn?’” Instead, “It’s, ‘What are the best returns I can sustain for the longest period of time?’”
The words “Uncertainty” and “Unprecedented” have circulated news outlets more times throughout the past two years than possibly ever before. However, it’s important to note that the uncertainty we’re experiencing as a country today isn’t in theory higher than it was five or more years ago.
What constitutes the “good life” for you: Being rich, or being wealthy? While they might sound one and the same, the mindset behind each brings about vastly different money mannerisms.
Having the ability to accept repetitive loss increases your odds of hanging on long enough to eventually see a return, and hopefully, more than make up for the risk.