The Quest for Wealth
Investing
Make strategic money decisions
from The Quest for Wealth: 6 Steps for Making Mindful Money Choices by James R. Langabeer
How to Apply This
- Diversify
Diversify your investment portfolio and, if possible, your sources of income. Find a side hustle or part-time hobby that brings in money. This will improve your portfolio returns and stabilize risks. - Plan ahead
Physical and mental fatigue can create poor money choices. Plan ahead and give yourself space when making them. - Forget about the past
Forget your past money mistakes and losses. This will help you embrace an offensive financial strategy that attracts wealth - Maximize your options
Seek out all alternatives before making each choice. A greater variety of other options opens your mind to different possibilities, and it also provides leverage for better negotiations on price. - Get an outsider's perspective
Engage the services of a trusted financial advisor or a financially savvy acquaintance to bring their fresh perspective into areas you may not have considered.
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