53sec snip

THE ED MYLETT SHOW cover image

Building a Money Machine and Avoiding Pitfalls with Mel Abraham

THE ED MYLETT SHOW

NOTE

Emotions and Money: Making Smart Decisions

When emotions intertwine with financial decisions, rational thinking diminishes, leading to poor choices. To counter this, it's crucial to create a distance between emotional responses and financial decisions. Even when faced with time-sensitive offers, maintaining composure can help prevent hasty judgments. It's preferable to forgo a potential deal than to rush into a bad investment. Leaving money on the table is often wiser than risking financial loss due to impulsive decisions.

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