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How to Avoid Self-Sabotage When Building Your Wealth
The art and science of wealth hacks
I always tell my investing coaching clients that as they study wealth-building that one of the first things you need to do if you are going to be an educated investor, is to see yourself as an investment portfolio. You have value, and you personally have economic value, and what that value is will rise and fall daily based on many different variables.
No matter how skilled an investor you may be, one of the biggest challenges you are likely to encounter is self-sabotage.
Avoiding Self Sabotage
One of the challenges to achieving wealth and experiencing success is patterns of behavior in which an individual or group continues to rationalize their decisions, actions, and investments when faced with increasingly negative outcomes rather than alter their course. Social scientists call this “cognitive bias. In the Wisdom Path Community, we call it “delusional thinking”. For individuals, this pattern is generally motivated by what we call Emotional Holding Patterns. Once emotions come into play, even the most seemingly rational person will act irrationally. These emotions and emotionally influenced thought patterns might include anything from fear…
