The Inner Game of Investing

whatshot 9 snips

May 10, 2025

Explore the emotional barriers that keep capable investors stuck and learn why it's not just about the strategy. Discover how self-doubt and loss aversion can paralyze decision-making. Embrace optimism to shift your mindset and take decisive action. Transform your identity and align your passions with profits for long-term success. Overcome limiting beliefs and recognize that many obstacles are merely illusions. Finally, discover how small, informed steps can lead to significant investment breakthroughs.

01:29:10

forum

Ask episode

web_stories

AI Snips

view_agenda

Chapters

menu_book

Books

auto_awesome

Transcript

info_circle

Episode notes

insights

INSIGHT

Investing Is Deeply Emotional

Investing is deeply emotional because it represents the future you want to create.
Understanding and managing these emotions is critical to taking action and achieving goals.

question_answer

ANECDOTE

Identity Drives Investing Success

Goose McGrath transformed from broke addict to successful investor by choosing a clear vision and acting toward it.
Acting as if the future self you want to become builds identity and confidence for success.

insights

INSIGHT

Loss Aversion Paralyzes Action

Most people have twice the loss aversion for loss than attraction to gains, which causes paralysis.
Optimism and belief in positive outcomes are key to overcoming this bias.

Get the Snipd Podcast app to discover more snips from this episode

Overcoming Psychological Barriers in Investing

02:01 • 14min

chevron_right

Overcoming Loss Aversion: Embracing Optimism in Investing

16:22 • 3min

chevron_right

Transforming Identity for Success

19:14 • 34min

chevron_right

Aligning Passion with Profit

53:21 • 21min

chevron_right

Taking Informed Action in Investing

01:14:20 • 4min

chevron_right

Breaking Barriers: Taking Action

01:18:43 • 10min

chevron_right

Loving What Is

Four Questions That Can Change Your Life

Stephen Mitchell

Byron Katie

In 'Loving What Is,' Byron Katie and Stephen Mitchell present 'The Work,' a simple yet powerful process of self-inquiry. The book teaches readers how to apply four key questions to any problem, enabling them to see their troubles in a new light. Katie's method emphasizes that suffering is not caused by the situation itself but by our thoughts about it. Through clear examples and dialogues, the book shows how to apply 'The Work' in various areas of life, such as relationships, work, and personal anxieties, leading to lasting peace, clarity, and energy. The process helps readers accept reality as it is, rather than resisting it, and promotes a transformative practice for spiritual growth and mental well-being.

Die with Zero

Bill Perkins

Die with Zero presents a provocative philosophy and practical guide on how to get the most out of your money and your life. Bill Perkins argues against over-saving and under-living, advocating for investing in experiences early and maximizing positive life experiences. The book introduces concepts like 'time-bucketing,' 'net worth curve,' and 'fulfillment curve' to help readers optimize their life stages and make the most of their resources. Drawing from his own life experiences and insights from psychological science and behavioral finance, Perkins makes a compelling case for living large and accumulating memorable experiences rather than wealth.

This conversation isn't about interest rates, the property cycle, or strategy. It's about the emotional friction that keeps smart investors from moving forward — even when the plan is clear.

"I just need to save a bit more first"
"I'll wait until the market settles"
"I'm not quite ready yet"

These aren't just personal thoughts — they're a pattern. One we've seen hundreds of times.

And it's not a strategy problem. It's not about the data, the plan, or the timing.

It's the inner game.

In this episode, we dive into why so many smart, capable people stay stuck on the edge of investing — and what actually moves the needle.

We unpack the psychology of waiting, the emotional loops that masquerade as logic, and how to break free from a mindset that keeps you on pause.

We pull apart:

The real reasons smart people stall, even when the strategy is sound
The mindset patterns we've seen keep people stuck in planning purgatory
How to tell when your 'caution' is actually avoidance
A better question than "Should I invest now?"
How to start moving — even if you're not 100% sure

See you on the inside,

WATCH ON YOUTUBE:
https://www.youtube.com/live/cHKxGK5O3W4?si=iZZwg7AcDpXlLV57

IMPORTANT: The Investor Lab is for educational purposes only and does not constitute financial advice. Always do your own research and seek independent professional advice before making any investment or financial decisions.

RESOURCES:

Research on The Inner Game: https://docs.google.com/document/d/1yNZWerzhUzNMemAYG_NjMw2lbxpiPyYyEspqRLCFWtU/edit?usp=sharing
Loss Aversion: https://thedecisionlab.com/biases/loss-aversion
Read: A Practical Guide To Finding Happiness and Living A Deliberate Life - https://blog.goosemcgrath.com/p/practical-guide-finding-happiness-living-deliberate-life
Read: Self Actualisation Is The Only Worthy Goal - https://blog.goosemcgrath.com/p/self-actualisation-is-the-only-worthy-goal-d5e2
Byron Katie's "Loving What Is" - https://www.amazon.com.au/Loving-What-Four-Questions-Change/dp/1400045371
Bill Perkins' "Die With Zero" - https://www.amazon.com.au/Die-Zero-Getting-Your-Money/dp/0358099765

Further Reading:

Loss Aversion Explained: https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/loss-aversion/
Harvard Business Review on Loss Aversion: https://hbr.org/2018/05/why-people-keep-spending-too-much-on-house-renovations

Build a roadmap to achieve your goals for FREE on Property Pathfinder:
propertypathfinder.io

Want help to invest in 2025?
Book in a quick chat here and we'll point you in the right direction:
bit.ly/3E0wKGa

Got a question or some feedback? We're all ears!
bit.ly/tilqs

Need finance guidance?
Chat with the team: dashdotfinance.com.au/discoverycall

–

Catch Up On Recent Episodes:

Trusts & SMSFs: How Advanced Investors Are Rethinking Their Structures in 2025
Portfolio Acceleration Masterclass: How To Use Strategic Selling As A Booster
How to Create A Property Portfolio Growth Plan
The Smartest Plan B for Business Owners? Sean's $464k Story
Financial Jiu-Jitsu: How to Break Through Your Portfolio's Cashflow Constraints
Winning the Investment Game: How to Set & Beat Your Hurdle Rate
Fake Gold? Markets Down? Liquidity Up? – What’s REALLY Going On?
The RBA Just Changed the Game — Here’s What It Means for You
Hold vs Sell: How to Know When to Take Profits
Bitcoin: Why Every Property Investor Needs to Consider Owning It
Everything You Need To Know About Property Investing Finance
Property Investing In Australia In 2025: What You Need To Know
Investment Strategies for 2025
Follow the Money: How Liquidity Drives Asset Prices (and How You Can Benefit)
What You Don’t Know About Money Could Cost You Everything

–

Connect:
https://www.dashdot.com.au
https://youtube.com/@theinvestorlab
https://instagram.com/dashdotproperty
https://instagram.com/goosemcgrath
https://instagram.com/gabi.billing

See omnystudio.com/listener for privacy information.

Home Top podcasts Popular guests