Catching the Coin

006: Emotions That Can Destroy Your Finances


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Emotions are wonderful and needed in marriages in relationships, but in regards to our investments they can be disastrous!

The primary emotions that plague investors are pleasure and pain These can also be thought of as greed and fear.

Either can lead to making decisions or changes that devastate your wealth.

In This Episode We'll Look At:

  • Indicators that trigger harmful emotions
  • The necessity of a written plan to keep you on track
  • How to avoid maneuvers that cause unnecessary losses

Today's Resources and Links:

  • Nothing today

One Thing You Can Do Today to Improve Your Financial World:

When you are thinking calmly and reasonably, take the time to write out your long-term investment plan (strategy). Revisit and review your written plan every time you begin to feel fearful or overly confident.

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts in the Comments section below.

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Catching the CoinBy Tim Rosen & Troy Barrilleaux

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