Posts tagged ‘loss aversion’

Don’t Fall Into The Sunk Cost Trap (Episode 22)

Published: June 5, 2020 | Investing, Mindsetting, Personal Finance, Podcast | 1 Comment

Listen to Episode 22 Summary of Episode 22: A pizza story. (1:23) A sunk cost trap or a sunk cost fallacy when a person is failing to see the best outcome because they have a bias resulting from a previous or ongoing commitment. (3:05) Watch a FREE online financial coaching video: Visit imgwealthacademy.com An illustration […]

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Overcoming The Fear of Losing Money (Episode 20)

Updated: June 1, 2020 | Freelancing, Investing, Mindsetting, Podcast | No Comments

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) Watch a FREE online financial coaching […]

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How To Overcome Your Fear of Losing Money When Investing

Updated: May 16, 2020 | Investing | 13 Comments

Nobody wants to lose money. And when it comes to investing, this is a possibility. Unfortunately, this fact has turned a lot of people off and made them choose to not invest at all. I used to be like that, too. I was a strong believer that when it comes to my hard-earned money, “It’s […]

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