Welcome to one of the most fascinating psychological distortions in investing and in life. Our brains quietly move the goalposts, converting progress into perceived loss. Here's what we can do about it.
Questions help us to shift our mindset from scarcity to abundance. Such as, “In what way does this drop in my portfolio impact my long term goal?” These sorts of questions help to re-orient our perspective.
Thanks for the share, another gem!💎
How do you tell the difference between healthy caution and a scarcity mindset?
Questions help us to shift our mindset from scarcity to abundance. Such as, “In what way does this drop in my portfolio impact my long term goal?” These sorts of questions help to re-orient our perspective.