The most common money mindset is:
Positive Seeking + Negative Blocking = Sitting Duck
This is what makes bubbles and boom-bust cycles. Most people are a sitting duck each time a bust comes and they lose a lot of money. They know seeking out the positive can be helpful, but they keep hearing “nobody could have seen that coming” or “it surprised us all” as excuses from stupid financial advisors, stupid economists, stupid analysts, stupid politicians, and stupid news anchors. It’s frustrating but the average person doesn’t know that they can do anything about it.
The 2nd money mindset is:
Negative Seeking + Negative Confronting = Stress, Fear, Disease, & Death
When one learns about things working differently than they had thought they did, it’s often presented as “bad news that you can do nothing about.” So while an investor might confront the fact that economic crisis events happen, he concludes nothing can be done to avoid losing tons of money in them. This can cause a “bad news” downward spiral, causing stress and fear, which then can contribute to disease and early death.
While it’s true such a bad outcome is the result of choice, this 2nd mindset prohibits its host from seeing it that way.
The amazingly powerful, but rare 3rd money mindset is:
Positive Seeking + Negative Confronting = Safe & Happy
When an investor is willing to confront the “bad news” that crashes happen and we’re always headed toward another one (the “boom-bust cycle”), that can be combined with a Positive Seeking outlook which causes the investor to find a solution. This mindset accepts that bad outcomes aren’t universal. Every single investor didn’t lose money in 2000 or 2008… just the majority. Armed with this 3rd money mindset, an investor can seek out the people who aren’t losing money in economic crisis events and find one who is willing to share how he did it.
This mindset is particularly resourceful as it causes research and then action in order to overcome the dangers confronted. Once that problem is solved, you can continue moving your life in a positive direction and enjoy being safe and happy.
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