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Author Topic: Also consider your mental State of health while investing for wealths.  (Read 828 times)
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April 19, 2024, 06:37:07 PM
 #21


What did we expect? Mental health has been always overlooked by most often pushing it to the side and saying that it is not real and all we need is a little more determination and motivation but it is not that easy. We need to build perseverance above all especially when we are dealing in high pressure environments.

I think we have come a long way in modern times. There is more of an awareness & acceptance of mental health issues now. There is a slogan, ‘its ok not to be ok’ which I think is a good statement regarding mental health issues. Regarding the statement in the OP though, obviously you shouldn’t make investments & take risks when you are not in a good place mentally, it could have disastrous effects.

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April 19, 2024, 06:43:15 PM
 #22

The reality of today's world is people have to give up a huge chunk of the other aspects of their life in the pursuit of wealth most times to only break even. This is true for counties with higher and lower standards of living;

• In some countries you are burdened with thousands of dollars worth of loans before you even get your first job and have to spend the next 30-40 years paying that back while trying to stay afloat wit right sing cost of living.
• In poorer countries education, health and other amenities are cheaper but of lower standards and opportunities are very few, so you still have to work 30-40 years to make a modest living.

It is almost impossible to ask people not to chase wealth aggressively. Addictive behaviours like gambling and high risk investments should be avoided at all cost, but other aspects of daily living is enough to take a toll on one's health.

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April 19, 2024, 07:42:27 PM
 #23

When one turns to be more greedy with money, that’s where ignoring of mental health might also takes place. This really happens to a lot of individuals, it’s like they find it hard to balance their mental health and financial health aspects. While health is wealth, but for them the real wealth is having to gain multiple profits from different investments, and that’s where mental health becomes at risk. Not realizing that if one fails in his mental and emotional aspects, one will certainly not succeed in all his wealth attempts.

It could be that when they only think about or only pursue wealth, there is a possibility that little by little they can forget about their health, even though they should still pay attention to this, because I think "health is expensive".
  I think that if they chase wealth or profit too much, it can affect their health, whether it's because they forget to rest because they only think about wealth that they have to pursue. It is not recommended that we ignore our health.

in any activity we must be able to pay attention to our health, don't let us be busy doing other activities and have dreams such as wealth but this actually affects our own health. Balancing everything must be done so that everything runs smoothly.

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April 19, 2024, 09:10:15 PM
 #24

Health can never be overestimated. Unfortunately, mental health is overlooked. When people experience a loss from a financial investment, they usually just deal with it in their own, nobody really thinks of the fact that it can affect them mentally.
That we why we have to always advise that people should invest what won't wreck them if they lose.
Investments are risky, and some are even more riskier and more volitile than the other. We have to take our health seriously.

Asides from that, some people prefer to save and invest instead of taking care of themselves. I know that saving and investing is good but also take care of yourself. Eat healthy and exercise. What's the point of having savings if you're not healthy enough to spend it? A vacation does a lot in refreshing your body. If you have the money plan for it. Find ways to be happy. Don't just put all your money in savings or investment while you can't take care of yourself.

It's important for people today to be able to save or have investments even though their health status has been compromised, I also don't know why there are many people today who ignore their health even if they feel something is wrong, I'm one of those people, even though I know something is wrong with my body or mental health, I always set it aside because I'm so busy in life, but that shouldn't be imitated, we should always prioritize our physical and mental health, because when we get sick, anytime the money we have saved to pay for hospital bills can be used up by chance.



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April 19, 2024, 09:16:43 PM
 #25

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.

It's a good point you've made. True investing comes from a place where you are looking for realistic returns, which are historically going to be closely aligned with the average returns from the stock market. That's roughly in the 8% range and has been falling over time, although it can definitely fluctuate. Anything above that and you start to enter riskier territory, where you may end up losing money. Many people are simply unequipped for investing in riskier assets when they don't do enough research and educate themselves around the dangerous. A true investor should be happier when the asset they own falls in value, because it's an opportunity for them to buy even more for cheaper, if they expect it to go up in value in the longer term.

R


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April 19, 2024, 09:41:09 PM
 #26

~
Consider your mental health so that you can manage your situation, not so that it discourages you from investing.

Knowing your problem is the first step to handling it.

Understanding your mental health will make your more careful not to take as much risk as those who are more mentally stable.

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April 19, 2024, 10:55:50 PM
 #27


What did we expect? Mental health has been always overlooked by most often pushing it to the side and saying that it is not real and all we need is a little more determination and motivation but it is not that easy. We need to build perseverance above all especially when we are dealing in high pressure environments.

I think we have come a long way in modern times. There is more of an awareness & acceptance of mental health issues now. There is a slogan, ‘its ok not to be ok’ which I think is a good statement regarding mental health issues. Regarding the statement in the OP though, obviously you shouldn’t make investments & take risks when you are not in a good place mentally, it could have disastrous effects.
Right, mental health issues are now highly addressed these days, but despite that majority still put their health next to their wealth accumulation because for them, you can’t be in good health as well if you don’t have the money and fortune that everyone is dying to have. While health is wealth, but still people would never think that way, in fact they still have to experience anxiety and depression before they will be able to prioritize their health over their greed with wealth.

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April 19, 2024, 11:13:34 PM
 #28

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.

One way of solving depression problems is by talking to who we comfortable with or anybody that is just willing to listen. Depression makes people not to think straight so it's best to just speak with someone at that very moment. I suggest you advice him to calm down because failure is part of life and it's something that can not be evicted in any successful business. Before any business man can become very successful, they must have face so many challenges and failure but they become successful because they learn from their failures. Always be around him to comfort him and let him also speak to his wife about it. Maintaining a good health is our responsibility and in anything we do, we must keep in mind that we can achieve anything after death.

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April 20, 2024, 02:20:58 PM
 #29

~
Consider your mental health so that you can manage your situation, not so that it discourages you from investing.

Knowing your problem is the first step to handling it.

Understanding your mental health will make your more careful not to take as much risk as those who are more mentally stable.
Oh yeah that is it. Put your mental health in considerations in that aside your investment you still have to be mentally stable and you should also understand that slight risk taken in your investment which your emotions can not bear can ruin your life where the disappointment of your investment results to a disorderliness of your mental state of health.

Right about it you would be on two list counts which would be your investment list count and your mental lost counts.


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April 20, 2024, 07:47:38 PM
 #30

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.
Health is the paramount thing in life, even health itself is wealth . It is so bad when people neglect their health to take good care of themselves. People just think it is just all about money, yes money is important but that doesn’t mean we need not to put our health as the first priority.  When the mental health is in good state atleast one can be able to go after wealth but if the mental is not proper it is impossible to even go after wealth instead  it can make one to even lose more money.

That is why it is important for one to always check if the health is in the right state because when one manages the health for a longtime without proper care when it breaks down it can be very severe that might lead one to spend lot of money or even lose life.  Health is wealth and it is only good health can give the money you want.

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April 20, 2024, 08:00:32 PM
 #31

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.

The main cause of all this is what we call risk management, which involves knowing how to fit into any risk before you can decide whether to go into it or not. There are certain risks that are meant for people based on their financial status, and that doesn't mean if you try to fit into the risk, you won't succeed. No, but it will have just less possibility for you to succeed in the risk, which is the same as the risk that your in-law takes.

If he focused on going for the risk based on his income, he would not be in the situation that he is in because he will not have to accumulate any debt. The main problem that will be disturbing him and make him start acting strange is due to the money that he is going to pay because if he only lost his capital, he would have the strength to lend some funds and raise his business, but with debt, he cannot do that because he needs to pay the former debt before he can get another one, and there is no source to get that, so that is capable of making him mentally ill.

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April 20, 2024, 08:45:20 PM
 #32

Financial pressure and stress can sometimes be the catalysts of significant mental health concerns. Our mental health, however, is just as worthy of an investment as our finances are. We should always take into consideration our risk tolerance and capacity for losses before engaging in any investment endeavors. Failure to attend to one’s state of mind may lead to severe repercussions that can even be life-threatening.

You need to be aware that stress and failure associated with investment may lead to the development of heightened anxiety levels, high levels of stress, or even depression. But we must be able to know our own boundaries and take steps that will allow us not only to care for our mental health but also to consider contacting a specialist if necessary.

It is a great lesson from the story you narrated about someone facing mental health problems when they lose their investments, which demonstrates that possessions are not of primary importance but our sound mind is. We must at all costs value our well-being above anything else.

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April 20, 2024, 08:45:33 PM
 #33


What did we expect? Mental health has been always overlooked by most often pushing it to the side and saying that it is not real and all we need is a little more determination and motivation but it is not that easy. We need to build perseverance above all especially when we are dealing in high pressure environments.

I think we have come a long way in modern times. There is more of an awareness & acceptance of mental health issues now. There is a slogan, ‘its ok not to be ok’ which I think is a good statement regarding mental health issues. Regarding the statement in the OP though, obviously you shouldn’t make investments & take risks when you are not in a good place mentally, it could have disastrous effects.
Mental health issues are not new anymore since everyone is already aware of that. That it should not be ignored but given high priority above other issues, otherwise you might only regret and face a lot of consequences in the end. I guess this is what OP means, mental health is our first wealth, if you can't treat it right, you will never be wealthy in the other means.

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April 21, 2024, 09:39:26 AM
 #34

Oh yeah that is it. Put your mental health in considerations in that aside your investment you still have to be mentally stable and you should also understand that slight risk taken in your investment which your emotions can not bear can ruin your life where the disappointment of your investment results to a disorderliness of your mental state of health.

Right about it you would be on two list counts which would be your investment list count and your mental lost counts.
Mental health also needs to be well maintained by every investor who has invested more with quite large capital, because this condition is usually not easy for investors who have recently started investing. So there are times when they will feel chaos within themselves when they are unable to control their emotions and thoughts to let go of their investment in a loss condition, even though when they see a loss, every mental and emotion must really be tested well so that they don't let go of their investment and become a loss.

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April 21, 2024, 09:50:51 AM
 #35

Should we ask ourselves what will happen if we lose everything? I think yes. From the very beginning, you need to lose the whole situation with losing money. If we consider everything in advance, then there will probably be other plans, like plan B. But yes, people with an unstable psyche, even those with free capital, better take care of their health, because someone who cannot cope with stress will make a lot of mistakes if troubles take him by surprise.

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April 21, 2024, 11:16:11 AM
 #36

Should we ask ourselves what will happen if we lose everything? I think yes. From the very beginning, you need to lose the whole situation with losing money. If we consider everything in advance, then there will probably be other plans, like plan B. But yes, people with an unstable psyche, even those with free capital, better take care of their health, because someone who cannot cope with stress will make a lot of mistakes if troubles take him by surprise.
You want a better alternative to do this that's more faster and I can guarantee you would make you not worry about losing anything anymore? Try losing everything, see what it feels like and when you've been driven to a corner where you really got nothing to lose, maybe you can find a way to not worry too much about stuff, you've been at the rock bottom so it's not going to make you panic when it hits you back again. That's just my two cents though, I feel like it's not going to work on other people, if we want to learn all, we must empty everything first right? If you're having issues with your mental health in regards to what you're doing with investing, you probably would do better if you seek a mental health professional help.

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April 21, 2024, 12:21:34 PM
 #37

Oh yeah that is it. Put your mental health in considerations in that aside your investment you still have to be mentally stable and you should also understand that slight risk taken in your investment which your emotions can not bear can ruin your life where the disappointment of your investment results to a disorderliness of your mental state of health.

Right about it you would be on two list counts which would be your investment list count and your mental lost counts.
Mental health also needs to be well maintained by every investor who has invested more with quite large capital, because this condition is usually not easy for investors who have recently started investing. So there are times when they will feel chaos within themselves when they are unable to control their emotions and thoughts to let go of their investment in a loss condition, even though when they see a loss, every mental and emotion must really be tested well so that they don't let go of their investment and become a loss.

If you are not fine mentally and can't handle any further stress maybe its more better for us to step aside the thoughts about investment. There's always a lot of time for that since what is more important for now is our healthy so best to resolve any ongoing issues since once we are fine and clinically declared recovered from mental stress or troubles then maybe at that time we could able to start our investment journey since for sure that we can focus on many things that we want to happen. Compare when there's a lot to think of and for sure that we cannot take care everything since all of it will just messed up since we are not fully in control in our emotions. What bad thing about this situation if we lose all our money because of those mistake we commit then maybe we might receive a lot more stress and that could possibly end up to more worse condition to us.

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April 21, 2024, 08:47:09 PM
 #38

There's so many similar stories and posts on this forum, which still speaks on the importance of health while pursuing wealth and this is just one of many and I always try to appreciate it, because it is a reminder still to be wise when making financial decisions that involves risk way more than just the money lost.
When emotional situations after loss of investment or property occurs, the people who are close and love us more than we know get to suffer as well, and may even experience more drop in productivity that even the person who suffered the loss.

Good health always bides good luck and positivity, while an emotional unstable person will always have more negative returns and be less productive, that it affects others in proximity.

I agree,just like they'll always tell us that "health is wealth.Come to think of it guys how do you intend to enjoy all these wealth and attained luxuries/achievements when you don't seem to have enough life of yourself again.

Some of these threads are not just mere threads and writeup.Once in a while,it is good to remind people of how essential their physical and mental health should be cherished and put into consideration always.Just so you know,if you want to live a good life,make money and build your wealth/finance;if you want to enjoy your wealth and riches,ensure to keep an eye on your health because without good health,it is difficult to enjoy the benefits of your wealths.

Anything can be achieved if you have good health,even studies have shown that health has a greater impact on happiness than wealth so let's be intentional about been in charge of our health/wellbeing.Always be proactive and responsible for yourself because no one can treat you better that you'll treat yourself;it dangerous to let somebody love you more than you love yourself.

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April 21, 2024, 09:26:45 PM
 #39

All I can say if I see a situation like that is work or invest with what we can spend and be prepared to lose with it because at the end of the day even though it is dealing with money but when we are prepared in understanding the risk and the worst possibility that we lose value when the decline happens then we should indeed be prepared with such a thing.

If at the end of the day we think that everything that happens is a risk and we are prepared to lose (not that we want to lose) then indeed we will not feel stressed when our expectations are different from the reality.

The problem is that a lot of people don't want to expect that because they only see the sweetness but don't see what the bitterness is like and seem to eliminate it so that when the worst possibility happens they are not able to deal with it mentally or the pressure that occurs.

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April 21, 2024, 09:45:12 PM
 #40

IMHO, this topic is a lowkey in our society. But I like it that it is getting the interest of many and the attention that it needed to have. Because many folks don't still believe how important is the mental state of everyone whether you do investing, studying or even in working as an employee.

While we put time, money and effort for our investments. It is a must to think of how it is going to be when you're investing and you have to make sure that you're prepared not just financially since you're taking a risk but also mentally.

Just like in marriage, you should be prepared with the same thing as it's going to be a commitment and that's what it should be in investing too. Because you worked hard for your money and you have to make sure that you have calculated the risk where you are investing it.

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