Overcoming The Fear of Losing Money (Episode 20)

Updated: June 1, 2020

Listen to Episode 20

Summary of Episode 20:

The story of my visit to my doctor friend. (1:00)

I’m a firm believer that you should not invest on things that you don’t understand. That’s why the first step is always to invest in yourself, to invest in knowledge. (3:45)

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People fear (and hate) losing money. But at the end of the day, considering all things, money is simply, just money. Pera lang “˜yun. And more importantly, it can be earned back. (6:53)

Let that emergency fund remind you that you have great money-saving skills. And fortunately, those are the very same skills anyone will ever need to create an investment fund. (8:20)

There’s no perfect formula for choosing the best and most profitable investments. And there will be times that you’ll make a bad decision and lose money. (10:32)

For each investment decision you make, the good ones will fine-tune your skills, while the bad ones will at best, help you expand your understanding of investments. (10:48)

When you make it a habit to invest regularly, you will eventually end up with more winners than losers. (11:00)

When it comes to investing, everyone is afraid to lose money. Ask even the most seasoned investors, and they will confess that they were once a bucket of fear and panic when they started. But they never let their fears paralyze them. (11:15)

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