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Author Topic: Also consider your mental State of health while investing for wealths.  (Read 1208 times)
Fortify
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May 15, 2024, 09:33:26 PM
 #121

I have actually come across entrepreneurs and investors who had run mentally disabled and were rehabilitated due to weak emotional capacities to withstand the lost of their valuables not being affordable.

While I have also attended several business conventional concerts, there had been this health wise guide orientations that health is also wealth so we should always consider our healths while we are Investing our funds at the course of chasing incomes to secure wealthiness.

This is not just about setting up emergency budgets for healthcares such as when  we are down with the common illnesses such as Headaches, Mononucleosis, conjunctivitis, Diarrheas, Stomach aches and so forth which are most considered health wise.
If we ignore to consider investing what we can afford to loose, we could eventually be negatively affected on our mental faculties which we may never had expected it coming.
There is every possibilities of an investor to go psycho when looses beyond the capacity that their mental health could accept.
Failure to put this as concern and during investment we looses above our limits, we could be at every tendencies to be exposed to heart attacks or mental disorderliness as a matter of unbearable and dispersant shocks.

Sometimes ago, I reached out to my sisters husband on the phone and he sounded so frustrated and strange, while still on the phone, he cut off the call on me and I called severally he ignored the calls.
After some times I called on his wife to express the displeasure of her husband on me and she also said her husband has be acting strange some times now which I make out time and catch up with him as a friend I assumed he is to me.
Right before me he was really acting strangely but all I could figure out of It with our conversations was that he  invested his life savings and even borrowed some money in order to promote his profit potentials but it was unfortunate for him that the investment crashed and he lost it all.
I don't know if he invested it in a highily volatile and risky platform or that he fell scamming victim.


Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

This is an important one and should be mentioned often. It is important to have fun and explore the world when you are young, so be less concerned about saving all of your money until old age at that point. Some people might frown upon it, but there is no problem spending the majority of your wages in your early 20's as long as you are doing productive things with your free time. You never know what curveballs life will throw at you and you take up every opportunity to do something new. That doesn't mean wasting money on idle crap like super expensive clothes or having food delivered to your home every evening, you need to distinguish what is really adding the most value in life.

R


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May 15, 2024, 11:58:45 PM
 #122

This is true because we are dealing with something that is filled with stress, at least for most people and that is why it is not that easy to make sure that you could just stay calm while you need to stay calm. If you are going through some rough part of your life then trading on top of that could cause you to have bad reactions to some mistakes and cause you to make even bigger mistakes as well resulting with you making even bigger loss too, which is why it is understandable that people need to feel better before they could start trading.

I personally also suggest that if the stress becomes too big, then taking a break also helps as well. You do not have to be going through a rough time, if trading becomes a chore and not something you enjoy doing then you better end up taking a break.
Trading needs not to be stressful at all if you trade at your own risk and you can manage well your emotions not to expect too much in trading. That is the secret in trading for you not to get exhausted and mentally depressed. And as much as possible, don’t rely on trading alone for you source of income. Instead, settle with a real job and make trading as your side job.

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May 16, 2024, 11:45:16 AM
 #123

Trading needs not to be stressful at all if you trade at your own risk and you can manage well your emotions not to expect too much in trading. That is the secret in trading for you not to get exhausted and mentally depressed. And as much as possible, don’t rely on trading alone for you source of income. Instead, settle with a real job and make trading as your side job.
When we expect too much from trading, of course this will make us have a tiring burden on our minds. Managing emotions when trading is of course very important because if we cannot control our emotions when trading, it is of course difficult for us to be able to analyze the market. well and we will not be able to make the right decisions when trading so it is difficult for us to have good results and I agree with you not to rely on income from trading alone and make trading as a side income so that we are not too tired of analyzing the market and this will be able to maintain our health too.
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May 16, 2024, 05:26:31 PM
 #124

Trading needs not to be stressful at all if you trade at your own risk and you can manage well your emotions not to expect too much in trading. That is the secret in trading for you not to get exhausted and mentally depressed. And as much as possible, don’t rely on trading alone for you source of income. Instead, settle with a real job and make trading as your side job.
When we expect too much from trading, of course this will make us have a tiring burden on our minds. Managing emotions when trading is of course very important because if we cannot control our emotions when trading, it is of course difficult for us to be able to analyze the market. well and we will not be able to make the right decisions when trading so it is difficult for us to have good results and I agree with you not to rely on income from trading alone and make trading as a side income so that we are not too tired of analyzing the market and this will be able to maintain our health too.

Not just mental health but General well-being (health), this can be improve by exercising and also eating healthy food. 

One thing we need to know in Trading is that our emotions appear in fear and greed of which both act on Traders, but the only solution is just acceptance and applying proper risk management.

Having a side job while Trading is the best approach. This can't be overemphasized, this keeps you in a place were you aren't pissed up while you loss because you can still fund, and your emotions are intact to balance up but when you solely depend on Trading without any job and still unprofitable you over leverage, take much risk and gamble in the market.

In all Resilience, Patience and Time should be incorporated in our journey.

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May 16, 2024, 06:09:37 PM
 #125

Of course, when a person earns a lot of money, his character changes. The thirst for money can become very strong. I don’t know how to resist this process, but people who have experienced such a state say that they have changed and did not understand it themselves. I think that such a change can happen to any person who was able to earn a lot of money. It will not depend on your character or human qualities. If you have health problems, it may be easier for you to earn money because part of your attention will be focused on health and you will not be able to devote all your time to money

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May 16, 2024, 06:35:59 PM
 #126

Of course, when a person earns a lot of money, his character changes. The thirst for money can become very strong. I don’t know how to resist this process, but people who have experienced such a state say that they have changed and did not understand it themselves. I think that such a change can happen to any person who was able to earn a lot of money. It will not depend on your character or human qualities. If you have health problems, it may be easier for you to earn money because part of your attention will be focused on health and you will not be able to devote all your time to money
For those people who havent been able to held up a particular amount for the rest of their lives will eventually be having this kind of action or that kind of perception towards on the money that they are currently earning or getting. This is why we would really be able to see into those people who are really that making bad decisions and to those people who do made out those right decisions. Of course we would really be needing up that kind of good mental state on the time that we are investing. Dont make yourself that delusional because once you do then you would really be that prone to tons of mistakes. Self realizations do usually happens on the time that you would be experiencing hardship and not before that.

Never ever consider yourself to be that all-knowing being, plus we do know that emotions would really be that a huge factor for someone to be that affected on the things that they are really
seeing those drastic changes into their investment knowing dealing up with volatile market is never been that something that you could really be that confident with.

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May 16, 2024, 07:12:22 PM
 #127

Of course, when a person earns a lot of money, his character changes. The thirst for money can become very strong. I don’t know how to resist this process, but people who have experienced such a state say that they have changed and did not understand it themselves. I think that such a change can happen to any person who was able to earn a lot of money. It will not depend on your character or human qualities. If you have health problems, it may be easier for you to earn money because part of your attention will be focused on health and you will not be able to devote all your time to money

An individual who doesn't have money when money comes to them then they think that they have achieved everything but happiness is not always related to the money. Most of the time the behavior of a person changes with changing in the financial state and they overcome the relationship with their relatives as they possess the thought that money is more important than a relationship.

When people find that their health is not well then they wish to have health instead of dreaming for money because in my opinion health can make you able to earn but earning more cannot give you health. First a person should make a building of his body after which he can earn more according to his wishes because if his health is not well then having more money cannot give him happiness.



 

 

 

 

 

 


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May 16, 2024, 11:20:23 PM
 #128

When we expect too much from trading, of course this will make us have a tiring burden on our minds. Managing emotions when trading is of course very important because if we cannot control our emotions when trading, it is of course difficult for us to be able to analyze the market. well and we will not be able to make the right decisions when trading so it is difficult for us to have good results and I agree with you not to rely on income from trading alone and make trading as a side income so that we are not too tired of analyzing the market and this will be able to maintain our health too.

That's true, indeed if we expect too much from trading then it can affect our minds which makes us mentally tired, not physically, of course in my opinion, rather than being mentally tired, it's better to be physically tired, but the good thing is that it's not both. What you say about emotions is correct, because when our minds are tired of course emotions can occur and when these emotions occur it is likely to make us take careless actions and not be able to analyze the market properly, of course this should not happen because it could result in just a loss.

Also, in my opinion, it's best not to make investing your main source of income, because this can be done in your free time, even if you want to relax, if you really have a real job in life then don't let your main job disappear because of trading. The point is that we must still be able to manage our time so that our health is well maintained, because being healthy is expensive.

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May 16, 2024, 11:35:21 PM
 #129

I don't think that's an issue of being self aware about it. Most people with mental disability don't have a clue that they can't take care of themselves. They live in a fantasy land and often blame others for their mistakes and misfortunes. If they are old enough or you get doctor to evaluate them, they can be assinged with a legal guardian, who is legally obligated to guard their interests. It's a radical move and hard pill to swallow, to understand that they don't have enough mental clarity to survive in life.

Sadly there are scammers and salesmen praying for elderly and mentally fragile people, and they are totally defenseless against misinformation and scams. In fact it can be empowering to them, when a scammer listens to them and praises to them, while others roll their eyes to their craziness. Imho abusing clearly mentally disabled people should be punished harshly, but that's hard as these mentally disabled can defend their scammers, because they can't admit that they are being scammed in the first place. Many people live in denial about that as they think that people getting scammed are suckers, and they can't be suckers themselves.

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May 17, 2024, 02:03:26 AM
 #130

     Many people are focused on wealth and neglect their personal health. That's why sometimes others have saved wealth, but the saved wealth has gone to treating the personal
illness they have.

     So the true wealth is our health, because if we are healthy, the wealth we will accumulate will surely allow us to enjoy the life we desire. But of course, the method we are using
must be right to gain wealth in the future.

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mvdheuvel1983
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May 17, 2024, 07:35:29 AM
 #131

I have actually come across entrepreneurs and investors who had run mentally disabled and were rehabilitated due to weak emotional capacities to withstand the lost of their valuables not being affordable.

While I have also attended several business conventional concerts, there had been this health wise guide orientations that health is also wealth so we should always consider our healths while we are Investing our funds at the course of chasing incomes to secure wealthiness.

This is not just about setting up emergency budgets for healthcares such as when  we are down with the common illnesses such as Headaches, Mononucleosis, conjunctivitis, Diarrheas, Stomach aches and so forth which are most considered health wise.
If we ignore to consider investing what we can afford to loose, we could eventually be negatively affected on our mental faculties which we may never had expected it coming.
There is every possibilities of an investor to go psycho when looses beyond the capacity that their mental health could accept.
Failure to put this as concern and during investment we looses above our limits, we could be at every tendencies to be exposed to heart attacks or mental disorderliness as a matter of unbearable and dispersant shocks.

Sometimes ago, I reached out to my sisters husband on the phone and he sounded so frustrated and strange, while still on the phone, he cut off the call on me and I called severally he ignored the calls.
After some times I called on his wife to express the displeasure of her husband on me and she also said her husband has be acting strange some times now which I make out time and catch up with him as a friend I assumed he is to me.
Right before me he was really acting strangely but all I could figure out of It with our conversations was that he  invested his life savings and even borrowed some money in order to promote his profit potentials but it was unfortunate for him that the investment crashed and he lost it all.
I don't know if he invested it in a highily volatile and risky platform or that he fell scamming victim.


Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

As an investor, first of all you should not be very inquisitive to invest in what you don't know or acquire an asset because of what people told you about the investment, you are required to research on your own to find out the potentiality of the investment, the risk involved and the profit time frame, you need to be convinced in your mind is you bear the risk, it is very wrong for someone to investment in a high speculative asset, although I don't know the particular investment he did but it sound like ponzi or overhyped altcoin, when you lose your investment it can lead you to mental retardation this is more reason why we should not be quick in making investment decision, there are scammers out their, looking for whom to scam, let not fall victim, investment has a procedure, who knows if he had followed this process may be he wouldn't have been a victim to such trash.

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May 17, 2024, 08:02:53 AM
 #132

Of course, when a person earns a lot of money, his character changes. The thirst for money can become very strong. I don’t know how to resist this process, but people who have experienced such a state say that they have changed and did not understand it themselves. I think that such a change can happen to any person who was able to earn a lot of money. It will not depend on your character or human qualities. If you have health problems, it may be easier for you to earn money because part of your attention will be focused on health and you will not be able to devote all your time to money

An individual who doesn't have money when money comes to them then they think that they have achieved everything but happiness is not always related to the money. Most of the time the behavior of a person changes with changing in the financial state and they overcome the relationship with their relatives as they possess the thought that money is more important than a relationship.

When people find that their health is not well then they wish to have health instead of dreaming for money because in my opinion health can make you able to earn but earning more cannot give you health. First a person should make a building of his body after which he can earn more according to his wishes because if his health is not well then having more money cannot give him happiness.

Relationships and money, or health and money, are all closely related, you cannot separate them and say that relationships or health are more important. It is true that when you are healthy you will be able to make more money, but you also need to remember that human health is limited, when your health declines or you are sick and without money you will not be able to maintain your health.

Similarly, the family relationship between husband and wife or relationships outside of money also plays a very important role. Without money, your family will definitely quarrel because of the surrounding difficulties. Without money, you will not have relationships to do business, from there you will not be able to use money to make money.
Relationships, health, money are all related and you need to balance them to have a fulfilling life.

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May 17, 2024, 09:09:29 AM
Merited by Vinaa77 (1)
 #133

Trading needs not to be stressful at all if you trade at your own risk and you can manage well your emotions not to expect too much in trading. That is the secret in trading for you not to get exhausted and mentally depressed. And as much as possible, don’t rely on trading alone for you source of income. Instead, settle with a real job and make trading as your side job.
Yes that's right. Actually trading will be fine if we do it with the right knowledge, because of course trading will be stressful if we cannot manage our emotions and finances. So mental health problems arise, this can happen to anyone. because various conditions can arise and change a person's way of trading. Even in the most serious cases, damaged mental health can make someone easily harm themselves, such as psychological problems, anxiety, stress, and even depression. This all happens if trading in the wrong way.

For example, trading through debt can be one of the causes of someone experiencing mental disorders. This happens when someone is too brave to invest but doesn't have enough capital. So to avoid stress in trading, one way is to prepare yourself before investing. Don't suffer losses due to unpreparedness.

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May 17, 2024, 04:05:21 PM
 #134

Do you know what I think? Our mindset is the only tool to apply knowledge and skills in the right place in every activity of our life. So we should be careful about psychological issues. And that's why we should consider mental health first in any work in our life so that we don't end up doing anything wrong.
I'm also not saying that what you think is wrong, because what you say is also true when it comes to carrying out any work. But it would also be better if this was not used as a burden that could prevent you from continuing to work, because mistakes can still be avoided if we have sufficient knowledge and expertise in the field that we have been working on so far. Moreover, small mistakes at work can also be used as powerful lessons for ourselves because someone who has knowledge and expertise in a particular field does not mean that person never makes mistakes. However, this person has learned more from the mistakes he himself made when trying to do a job.

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Ben Barubal
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May 17, 2024, 10:50:26 PM
 #135

Trading needs not to be stressful at all if you trade at your own risk and you can manage well your emotions not to expect too much in trading. That is the secret in trading for you not to get exhausted and mentally depressed. And as much as possible, don’t rely on trading alone for you source of income. Instead, settle with a real job and make trading as your side job.
Yes that's right. Actually trading will be fine if we do it with the right knowledge, because of course trading will be stressful if we cannot manage our emotions and finances. So mental health problems arise, this can happen to anyone. because various conditions can arise and change a person's way of trading. Even in the most serious cases, damaged mental health can make someone easily harm themselves, such as psychological problems, anxiety, stress, and even depression. This all happens if trading in the wrong way.

For example, trading through debt can be one of the causes of someone experiencing mental disorders. This happens when someone is too brave to invest but doesn't have enough capital. So to avoid stress in trading, one way is to prepare yourself before investing. Don't suffer losses due to unpreparedness.

     This is what other newcomers who enter this field of crypto business do not know. Is it the type that they want to graduate from immediately when they enter? They don't think that they should study it first, and if anyone else has a little idea about trading, trading, they feel like they already know everything.

     Then, when they lose the money they used to buy crypto or bitcoin in trading, what kind of bad thoughts will they have about Bitcoin or cryptocurrency? cryptocurrency? That it is a scam, and so on. That's why others are still taking a training course about trading, so here we can see that it really takes time before we understand trading.

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May 21, 2024, 04:34:22 PM
 #136

Do you know what I think? Our mindset is the only tool to apply knowledge and skills in the right place in every activity of our life. So we should be careful about psychological issues. And that's why we should consider mental health first in any work in our life so that we don't end up doing anything wrong.
I'm also not saying that what you think is wrong, because what you say is also true when it comes to carrying out any work. But it would also be better if this was not used as a burden that could prevent you from continuing to work, because mistakes can still be avoided if we have sufficient knowledge and expertise in the field that we have been working on so far. Moreover, small mistakes at work can also be used as powerful lessons for ourselves because someone who has knowledge and expertise in a particular field does not mean that person never makes mistakes. However, this person has learned more from the mistakes he himself made when trying to do a job.
The basic word is that most of what people learn and retain in their brains is from mistakes. This has been seen more in my life than the mistakes I made in various job tests that I didn't have to read about a second time after correcting them, it is a kind of a powerful lesson. It is natural for humans to make mistakes but this practical education theoretical education and skills must be worked on to be successful and one must be mentally prepared for all kinds of situations.

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May 21, 2024, 10:59:37 PM
 #137

I meet politicians more often who are mentally disabled because their goals are not achieved. they had spent a lot of money and done a lot, and when the voting was held many unexpected things happened. After this happens they feel stressed and their psychology is disturbed, they also have to get treatment from a specialist doctor. I agree with you, if we do something beyond our abilities and the final result is not according to our wishes, it can result in mental disability.

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May 22, 2024, 02:53:38 AM
 #138

I meet politicians more often who are mentally disabled because their goals are not achieved. they had spent a lot of money and done a lot, and when the voting was held many unexpected things happened. After this happens they feel stressed and their psychology is disturbed, they also have to get treatment from a specialist doctor. I agree with you, if we do something beyond our abilities and the final result is not according to our wishes, it can result in mental disability.
thats probably because their expectation were too high and when reality hits they just can't accept it and then it disturbed their psychology in the way that they already bet on something so much if things go wrong they go bankrupt, this behaviour is unhealthy wherever it is, never have too much of an expectation and only bet with something that you can afford to lose so if things goes wrong you won't regret it so much and can move on easily.
the nature of always going all in just in one go is very detrimental anyway, always have some strategy and second plan, remember things that can go wrong will go wrong especially about money its always so complicated things.
even though undeniably some people can't get the grasp of taking care their own money and just try to spend it whenever they sees fit.

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wmaurik
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May 24, 2024, 11:19:43 AM
 #139

The basic word is that most of what people learn and retain in their brains is from mistakes. This has been seen more in my life than the mistakes I made in various job tests that I didn't have to read about a second time after correcting them, it is a kind of a powerful lesson. It is natural for humans to make mistakes but this practical education theoretical education and skills must be worked on to be successful and one must be mentally prepared for all kinds of situations.
I myself have also felt something like that when I made a mistake in my life regarding something, so I tend to remember it as a fairly important lesson rather than other lessons which are actually no less important. Because the lessons and knowledge we gain through a mistake are usually not as easy to forget as the lessons or knowledge we learn from any theory. So I quite understand what you are saying because in general I have also felt something like that in the past which made me have the determination to continue to rise in various situations.

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nngella
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May 24, 2024, 04:49:18 PM
 #140

Know your appetite, or manage your risks.  This is just a simple phrase but not that easy to apply.  This just means that when you invest your money, you need to make sure that the risks involve are manageable on your part, you can sleep at night and will not affect your mental health.

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