#118 How I Got Over The Fear Of Losing Which Led To Big Opportunities

Loss aversion bias. Sounds boring but its an incredibly pervasive problem we naturally have.

It's basically just saying that humans feel twice the amount of psychological pain over losing vs they pleasure they feel from gaining.

In lamen's terms, you'll be more sad about losing $20 than you will about winning $20.

This is an instinct to protect ourselves that often gets in the way of big opportunities.

When I finally started to recognize this and realized that calculating upside and comparing it to the downside helped me get over it, my life changed in ways beyond investing.

It's crucial if you want to get rich quickly and ever want to become a millionaire.

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About the Podcast

If working a 9-5 for 60 years so you can retire with a little money and die a few years later is what you want to do, then this is not the podcast for you.

Stephen is an executive coach that works with executives and entrepreneurs to build the life that they want, personally and professionally.

This podcast is about contrarian investment strategies around time, energy and money to build the 4 types of wealth and utilize lifestyle design to create the life we want. The interviews are with hi-earning individuals on how they make money so you can copy us and grow wealth too!

Reaching that first $100k milestone is crucial and then the game changes.

Learn how the wealthy view time, energy and money so you can apply these proven strategies to your life.