Good morning everyone,
This morning, we would like to recap everything that we have covered before we get more in-depth with where we want to take you as an investor/trader and more importantly as an individual. Let’s review the past three weeks and solidify our understanding of the foundation we are building to transform our intellect, emotions, physicality and, finances.
Week 1. Spend Thrifty
We recognized that as individuals have an obligation to figure out our personal emotional road when it comes to our spending habits. We must become confident in the ability to not get stuck between the fork in the road of frivolousness and purposeful expenditures. We have to remember and realize that money is not a living-breathing organism and we can truly control it with first learning to control ourselves and making wise decisions with our investment choices. When the time to invest in the market comes, emotional stability is of the utmost importance and can be one of the most prominent deciding factors in how your portfolio can develop or crash.
Week 2. Let’s Get Physical!!!
Next, we explored the importance of exercising and making sure to give your body the proper activity daily to increase your overall fitness and intellectual strength. We were able to see how a simple 30-minute stroll around the block or a simple bike ride could boost your brain power and reduce stress, which is only two of the ten benefits that we were able to discover. The amazing thing is the ten we covered are only a fraction of the endless benefits that exercising induces. Remember, that when you look good, you feel good and when you feel good, you continue to make yourself look good. This translates to other areas of our lives as well. When you exercise your physical body properly and stress less, you are able to lift those financial weights, bench pressing trades against big boys with ease and running money marathons with your portfolio. Just like with physical exercise, the more you do it, the better you become.
Week 3. Intellectual Feng Shui
In conclusion, we urged you to thoroughly “know thyself”; know your strengths, flaws, interests, and non-interests and telling ourselves, at the end of the day, to accept all of the above or change them from within. We encouraged you to make a plan for yourself in areas you want to improve and to not sway from that plan no matter the cost. We learned to evaluate ourselves in our entirety, to look at our own lives objectively and not to cast our own opinions and thoughts of othesr onto them or to turn comparisons into intrinsic blame. We must remember at the end of the day WE DO NOT CONTROL ALL but we can influence outcomes by perspective and finding our best internal harmony. Remember, that the market trades TRILLIONS daily so while no one will ever nail 100% of the rises and falls, you can earn your cut of the share by first knowing yourself and applying the Dollars and Decisions Golden Rule “Treat the market as you would have the market treat you”.
Now that we have our emotions in-check, have exercised, and found our balance, let’s have some coffee or tea and open our textbooks over the next three weeks as we dive deeper into the 3 Cardinal Principles of Dollars and Decisions which will be the building blocks for new horizons.