Many
successful people, such as Jim Rohn, Tony Robbins or Richard
Branson, praise the importance of the empowering social circle. When you’re
surrounded by individuals who support your goals
and work on their own goals,
you’re much more likely to transform your life. Hanging out with pessimistic
and lazy people will lead to the total opposite.
Making Rash Decisions
Making important decisions without taking at
least several days to give
yourself time to think about them is a sure-fire way to make the wrong decision.
Oftentimes, people who give up when the going gets tough give up only
because the short-term pain influenced them to such an extent they decided to
give up instinctively (“it hurts so much I have to stop”).
Pause and reflect before you make an important decision.
Come up with a set
of decision-making rules. For instance: - I never make an important decision
when I’m tired.
- I never make an important decision when I’m influenced by a negative
emotion (sadness, anger, frustration).
- I never make an important decision on a whim. I always give myself 24
hours to change my mind.
Most successful investors use systems that take
their emotions out of the
equation. Thanks to this simple rule, they don’t make rash decisions that would
ruin their finances.
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