Making brash financial decisions based on strong emotions is NEVER a great idea. The more you let your emotions drive you, the murkier your mind becomes, the more irresponsible the decisions you make. So how do you detach yourself from the FOMO feeling while making critical decisions especially during a pandemic? That’s what we’re here to find out.

This episode is a conversation on the emotional side of being an entrepreneur-investor during times of disruption. We discuss the fear of missing out or FOMO during hot markets, times of disruption, and inside your business. We discuss stock picking, speculative investing, and how to ensure that you are turning back to your investing principles before making decisions. We also discuss the iceberg that is business ownership where success is visible above the surface while much of the hard decisions and pain points hide below the water. We also touch on how COVID is creating new opportunities to break inertia in your personal life and take action on some of those things you may have been unable to do before. We hope you enjoy this conversation because we certainly did while having it!

Keep calm during a global crisis, rethink your strategies, and listen to this show now!

Resources:

 

• Destiny Capital (https://www.destinycapital.com)

What’s Discussed in This Episode:

1. FOMO [03:25]
2. Tradeoffs and Opportunity Costs [05:59]
3. Speculative investing [06:27]
4. Going back to first principles of investing [10:56]
5. FOMO when looking at your peers as a business owner [14:29]
6. Using COVID disruption to break inertia and make changes [28:09]

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