When seeking a winning stock investment strategy, you’ll find no end to the number of tools, techniques, and processes employed by people and training companies to help you be a successful investor. Unfortunately none of these things will work without one piece of the puzzle to which everything else connects.
To be successful as a stock investor you must have a money mindset.
Watch interviews with top billionaire investor Warren Buffett. Even this expert in the stock market has trades which lose money. By and large though he makes far more money than he’s ever lost. As you listen to him speak, it’s very clear that Mr. Buffett is more interested in seeking out opportunities to create wealth than he is in whining about the times when he’s been wrong and lost money.
His money mindset is focused on the creation of wealth.
Far too many people have the money mindset which is focused on losing money. Perhaps you experienced little voices in your head that tell you that money is dirty. You have to be greedy to make money. You have to be dishonest to make money. You’re not worthy of wealth. You don’t deserve to have money. People are out to get you and take your money from you.
If voices like these are inside your head then chances are you’re looking for reasons to validate why trading stock is difficult or why it’s a gamble or why it’s foolish or why you can’t make any money because we’re in the middle of a recession.
Keep in mind that these voices are not telling you what reality is. They’re telling you what you think is true and the activities that you experience in your life prove them right.
Before you embark on any stock investment strategy, it is absolutely critical for you to explore what you think about money and wealth.
If you’re a good person now, money won’t change that. In fact having more money allows you to have some say in the good that gets done around you.
Sit down with a piece of paper and think about anything that you’ve heard as a child, perhaps from your parents and other relatives, that has somehow shaped your attitudes towards money. You may not be the best judge about how you think about money.
If you’d like an objective measure of your attitude towards money, look at your bank balance.
Next, call some friends and ask them what their impression is of you and money. You’re looking for honest feedback, so let your friends know this. Having this information is a benefit to you so don’t feel discouraged if you receive feedback that you don’t like. Perhaps you’ll feel that you have very good attitude towards money, but your friends comment about how you split pennies when it comes to dividing up the bill while you’re out for dinner. Some of your friends may notice that you’re always talking about not having any money. Or perhaps you’re always talking about how rich people are taking advantage of you or how some unseen force out there is preventing you from having the wealth that you know you’re entitled to. Maybe you believe that having money is entirely a function of luck and that you will only be wealthy if you win the lottery or when your ship comes in. These are all indicators of your attitude towards wealth and demonstrate how your money mindset is oriented.
Armed with this valuable information, choose your new beliefs. Instead of thinking that you’ll only be wealthy when your ship comes in, decide that you are building your ship. Instead of thinking that making money requires hard labor, decide that the harder you make your money work for you, the easier your life will be.
I have even met people who were born into extremely wealthy families who had somehow developed negative attitudes about money. Sure enough, they were the ones in the family who always seemed to be broke. As you pursue your desires as a successful stock investor, always keep this in mind and never discount the importance of a positive money mindset.
If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.
With Bonner Dytoc.