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re: Ouch, Market Taking a Beating
Posted on 8/16/13 at 3:57 pm to Vols&Shaft83
Posted on 8/16/13 at 3:57 pm to Vols&Shaft83
quote:
Obviously. And it is psychological. And it works. I'm not on a salary, my income fluctuates month to month, so I have to be disciplined. Back when I used to pay bills first, and then invest/save what was left over, I'd end up saving or investing very little. When I made my financial future a priority, I increased my investing 10 fold, and I have always had plenty left over to pay my bills and have fun with.
Being successful in personal finance is probably 95% psychology. Knowledge of finance alone is pretty useless without the personal discipline to execute a long term plan, and any type of mental gymnastics that keep a person on track is usually a good thing.
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