Avoid making emotional decisions about your money from "summary" of MONEY Master the Game by Tony Robbins
When it comes to managing your finances, it's crucial to keep your emotions in check. Making decisions based on fear, greed, or panic can lead to poor choices that could have long-term consequences for your financial well-being. It's easy to get caught up in the emotions of the moment, especially when it comes to money. The stock market can be particularly volatile, with prices fluctuating wildly from one day to the next. It's during these times of uncertainty that our emotions can get the best of us. One of the most common emotional traps investors fall into is selling stocks when the market is down. Fear takes over, and we panic, thinking that we need to cut our losses before things get even worse. However, this knee-jerk reaction can actually do more harm than good. By selling low, we're ess...
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