pic by visualpanic @ Flickr
Everyone has rituals.
Wake up. Brush teeth. Take a shower. Read a blog.
Rituals help us frame our day and frame our mind for more uncertain tasks.
What about trading, or investing rituals?
Some traders admit that they have very specific trading rituals. They may check the Dow futures for instance. For others, it’s a half hour watching CNBC or Fox Business. Others read financial sites and newspapers, or check out overseas markets. Investors may read a prospectus from cover to boring cover.
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Online Investing AI
habits, invest, rituals, trade, trading
pic by photobyalyssa @ Flickr
If you ever been stuck in an elevator with someone who is sneezing and sniffling, you know that colds are contagious.
But, what about attitudes?
You’ve probably played on sports teams or worked in companies that had a collective attitude. An attitude–bad or good–seems to be contagious.
Let’s take this one more step. Is wealth contagious? Can you “catch” wealth from the people you associate with?
It seems it could. There are a few ways that wealth is contagious.
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Dreams Come True, Internet, Investing, Money, Online Investing AI, Success
attitude, beliefs, contagious, habits, Money, rich, riches, wealth, wealthy
“All that we are is the result of what we have thought. The mind is everything. What we think we become.”
Prince Gautama Siddharta, the founder of Buddhism, 563-483 B.C.
Pic by BlatantNews @ Flickr
I’m not a great gardener. But one thing I’ve learned is that if you want to create long-lasting change in your garden or lawn, you have to go below the surface. You have to dig deep into the roots where the problems and opportunities lie.
If the roots of a weed are not plucked out, the plant will grow back. Likewise, if the roots of the flower or grass seed do not receive the nourishment of fertilizer and water, they will wither away.
If we can take this analogy to your personal financial picture, what is the root of your money challenges–and opportunities?
It could be how you see or perceive things. Is the layoff a challenge, or an opportunity to shed a job that is going nowhere?
When you see people who do have financial success, are you jealous of their success, and perhaps feel hopeless that you can’t achieve the same?
How do you feel about limits? What kinds of constraints do you place on how much you earn–or how much you think you can earn?
Dreams Come True, Investing, Money, Online Investing AI, Success
abundance, actions, brain, financial secrets, habits, mind
I read some really disturbing news in the vast reams of disturbing news out there. But this one has nothing to do with rigged elections and the blown economy.
In a survey of 1,000 Break Media users, only 29 percent of males aged 18-34 say they are saving money. This is in contrast to national saving average, which is up like 15 percent. And, during a recession savings rates naturally go up. But not the savings rate of young males, apparently.
What’s wrong with the investment habits of Johnny?
I think there are a few reasons for this financial illiteracy.
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Business Strategy, Investing, Money, Online Investing AI, Success, US Economy
ecoomy, habits, invest, Investing, Money, youth
Although investing does not require a lot of time, it does require us to allocate some time and effort on a regular basis. Many people let their life go by with the excuse “I don’t have time.” That’s why I use the word allocate. It means that we must make time for what’s important.
If we don’t make time for the important things in life, they will never happen. It’s about deciding what will really make a difference in our lives, and deciding that we will create time for it. It does not need to be a long time, just 30 minutes is often enough.
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Investing, Success
habits, Investing, managing time, Money, morning, Success
Many people go through their lives without thinking about where they are going. We see it all around us. People wake up in the morning, go to work, come home, crack open a cold one, and watch TV. We are so tired from the daily grind that when we come home we don’t want to do anything except zone out, a zombie in front of the plasma machine.
There is one small problem with doing this. One day, we wake up at the end of our lives, and wonder where it went. We always thought “I’m going to travel the world.” Or, “I would like to learn to dance.” But we are stuck in our cubicle prisons and we never do anything to make those dreams real.
The real cause of this problem is the silent killer for more people than any other cause: procrastination. We think, “Oh, I’ll do that tomorrow.” And we believe it in the moment. But that belief is just a hallucination. Because nothing ever happens with that desire. We simply forget about the whole idea for a while. Then, when it comes back to us, we just put it off again.
So the dangerous part of this habit is that it seems plausible in the moment. We believe that we will actually do something about our dreams in the near future. But it never happens.
Often times we think that we need to take a big step towards our dreams. But this is not true. If we simply make a small step, that can make all the difference in the world. One small step leads to another, to another, and another. Momentum naturally grows. And our dreams become real.
Dreams Come True
dreams, habits, procrastination, Success
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
