E22: How to Deal with the Fear of Losing Money
Episode Description:
If your fear of losing money is the thing that’s keeping you stuck, this episode is for you. In it, we discuss loss aversion and offer tips on how you can start to teach your brain to react differently to losses and more strongly to gains.
Resources:
- Hidden Brain episode | Why we care more about losses than gains
- Source: US Gambling at an all-time high
- Listen to Episode 16 on Apple Podcasts to learn why you should open a brokerage
- Success Achievers All-Access
Are you looking for a community of like-minded people who are just as passionate about personal development as you are? Then look no further than the Success Achievers Community. And guess what? It's free to join! Click here to connect with thousands of others around the world.
Follow us on social media!
- Click here to follow us on Instagram
- Click here to subscribe to our YouTube channel
- Click here to visit and like our facebook page
- Click here to follow us on Twitter
- Click here to visit our Pinterest board
- Click here to follow rich & REGULAR on Linkedin
Featured partner
Acorns makes simple automated investing simple by investing your "spare change" on your behalf. With Acorns, every charge you make to a connected account is rounded up to the nearest dollar. This way, with each swipe, you're making an automated "mini" contribution to your retirement.
By far, it's the easiest way to automate your saving and investing. Try it today!
Backed by industry-leading technology, M1 allows users to build and balance their investment portfolio for free. It also acts like a checking account making it easy for you to transfer money in and out of investments seamlessly.
Hands down, Empower is our favorite financial app. This is what we use to track our spending, calculate net worth, and monitor the cost of our investments. The app is completely free to use and if you choose to invest with them, they have a team of licensed fiduciary advisors who can help you manage your portfolio.
