The 6 Biggest Mistakes Ordinary Investors Make #infographic

The 6 Biggest Mistakes Ordinary Investors Make #infographic

 In certain facets of life, we are our own worst enemies as well. It's no different in the personal finance domain.

What is the biggest barrier to achieving financial independence?

Unfortunately, it's your own head.

You can save, reduce taxes and fees, and even diversify your assets into all the right things. But if you fail to master your own psychology, it is always possible that you will fall victim to financial self-sabotage.


The Brain's Architecture

Today's infographic is by Tony Robbins, and it contains facts and discussion points from his # 1 Best Selling Book Unshakeable: The Financial Freedom Playbook, now available on paperback.

The graph is based on a chapter in the book which shows the key psychological shortcomings of the human brain. It points out that these fallible survival instincts have been hardwired into our brains for millions of years and they become very problematic when we try to make rational financial decisions.

We are our own greatest enemies in many aspects of life as well. In the personal finance domain, it's no different.

What is the greatest threat to the achievement of financial independence?

It's your own brain, unfortunately.

You can save, reduce taxes and fees, and even diversify all the right stuff for your money. But it is always possible that if you fail to master your own psychology, you will fall victim to financial self-sabotage.

Architecture of The Brain's

The infographic today is by Tony Robbins, and it includes facts and points of discussion from his # 1 Best Selling Book Unshakeable: The Playbook on Financial Freedom, now available on paperback.

The graph is based on a chapter in the book that reveals the human brain 's main psychological shortcomings. It points out that for millions of years, these fallible survival impulses have been hardwired into our brains and when we try to make reasonable financial choices, they become very troublesome.

By admitting that you have no special advantage, you owe yourself an enormous advantage, and you can beat overconfident investors who delude themselves into believing they can outperform.

It's tempting to go for big wins in the search to build financial capital. Yet heading for the fences also requires more strikeouts, which can also be difficult to recover from.

The Solution: Thought Long-Term

The only way to win the game of investing is to generate secure long-term returns that are compounded over time. Don't get distracted by the short-term noise of Wall Street, and re-orient your strategy to build wealth for the long term.


The 6 Biggest Mistakes Ordinary Investors Make #infographic

infographic by: www.visualcapitalist.com





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