Topic: Also consider your mental State of health while investing for wealths. (Read 587 times)

Not a lot of people realize this but investing requires a crazy amount of focus and determination.

You can not start investing with your mind all over the place. You need to gather your wits, create plans appropriately and make decisions under pressure. You have to be able to stand your own ground whenever there is talk around you. It is fomo you have to deal with alongside fud.

Moreover it doesn’t stop there because whenever something goes wrong, you also need to be able to bounce back from that and do what is right to save as much as you can.

Most persons often tend to forget the risk associated with investment and no matter how promising an asset or business or stock may seem they is also a possibility of it to crash or not provide any profit for you, so in a case like this it's necessary to be smart about investment and not to over invest more than you can afford to lose or more than you can tolerance the risk of losing them all.

While some might say if you don't take risk then you would have no reward, and that is true but we must draw a line between taking good risks and bad risk, what is at stake if this investment doesn't go well, would I be losing a fortune and asking questions like this to yourself isn't bad cause it brings clarity to the picture, invest only what you can afford to lose, no one got rich out of been stupid or nonchalant in his dealings.

Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

Can't stress enough just how important it is for people to have level-headed temperament when you're investing.

You can't go in and invest on shit when you have a lot of stuff at your plate you would need to deal with first, especially if it's got something to do with your current mental stature, affected by your financial situation. Stave off the wound first and then go back to bettering your financial state.

Bitcoin's not going anywhere, Ethereum will stay ethereum until the heat death of the universe, rushing into things is going to cause you even more unprecedented issues if you keep at it, so might as well just focus on stuff that is at hand first, and then go back to your investing journey once you're at a state wherein you're able to deal with it full focus.

As much as people would hate to admit it, doors open and close all the time, yes you would have to time it out but it doesn't mean you need to watch every door that opens just so you can get in. Be smarter, and take care of yourself first before you go out here investing money you could've otherwise used to better yourself.

I have actually come across entrepreneurs and investors who had run mentally disabled and were rehabilitated due to weak emotional capacities to withstand the lost of their valuables not being affordable.

While I have also attended several business conventional concerts, there had been this health wise guide orientations that health is also wealth so we should always consider our healths while we are Investing our funds at the course of chasing incomes to secure wealthiness.

This is not just about setting up emergency budgets for healthcares such as when  we are down with the common illnesses such as Headaches, Mononucleosis, conjunctivitis, Diarrheas, Stomach aches and so forth which are most considered health wise.
If we ignore to consider investing what we can afford to loose, we could eventually be negatively affected on our mental faculties which we may never had expected it coming.
There is every possibilities of an investor to go psycho when looses beyond the capacity that their mental health could accept.
Failure to put this as concern and during investment we looses above our limits, we could be at every tendencies to be exposed to heart attacks or mental disorderliness as a matter of unbearable and dispersant shocks.

Sometimes ago, I reached out to my sisters husband on the phone and he sounded so frustrated and strange, while still on the phone, he cut off the call on me and I called severally he ignored the calls.
After some times I called on his wife to express the displeasure of her husband on me and she also said her husband has be acting strange some times now which I make out time and catch up with him as a friend I assumed he is to me.
Right before me he was really acting strangely but all I could figure out of It with our conversations was that he  invested his life savings and even borrowed some money in order to promote his profit potentials but it was unfortunate for him that the investment crashed and he lost it all.
I don't know if he invested it in a highily volatile and risky platform or that he fell scamming victim.


Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

Yes exactly one should not use his own savings in just one business or investment as sometimes there arises risk and business gets drops so all your money will be lost therefore try to use little or according to your affordability. Some people want to use who amounts to earn more because they have heard that the more you invest the more you will earn but they forget that the more they use the more they will lose too.

We should take suggestions from an experienced individual about finance because we don't have experience then we will surely fall into wrong strategies. Business ideas should be taken from lots of experts and then accept the idea obtained from their mixture.

That's right, because investing all your money in an investment is clearly too risky, because after all, investment is a place that is not only about the opportunity to make a profit, but the opportunity for profit will always run simultaneously with the possibility of loss which means you can experience losing money in any amount. . And on the other hand, I am sure that someone who puts all their money into investments is someone who doesn't really understand the world of investment, it seems like they don't know that the market has a fluctuating nature that can make them experience losses, and this is the reason why we are always advised to just put an amount that we can account for, it doesn't matter if the amount is small because our goal is to achieve profits in the future, namely 10 - 15 years, so it's better for us to only put a small amount that we can account for, along with maintaining consistent allocation of investments in the long term , it doesn't matter even if it's small because if your accumulation runs in the long term then the profits will definitely be good and this is the best approach or idea to keep your psychology calm and also give you a path to a brighter future.

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.

Considering having investments in several assets, of course this will be able to give us satisfactory profits for us in investing, because if we only have one type of investment then if we cannot make a profit of course we will experience losses and will not be able to make a profit. profit from the investment that we make, in investing of course there will be a risk of loss that we will face and also profit and we must be ready to face if there is a problem with the investment that we carry out and we must be prepared for all the situations that we will face in carrying out the investment , good management of funds in investments will enable us to obtain good profits, because without financial management it will certainly be difficult for us to obtain the profits we get from the investments we make.

You have a good point, most people tend to forget that investment also has its risks and that is also something to take Into considering when investing, you won't cry to anybody that bitcoin crashes or something unforseen happens to bitcoin or any other investment so it is a good thing to invest what you can tolerate to lose. The biggest mistake most people make is to get to optimistic about anything, yeah bitcoin is probably the best investment asset that we have in the world now bit that doesn't mean its immune to life and unforseen events, and this questions the viability of having all your value in one asset especially as an established investor cause nothing is guaranteed.

(...)Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.

Hal ii will be useful for ourselves in assessing a risk profile so as not to focus on one asset, you need diversified investment and need to have a good money management so that a good source of income so that your investment is in good condition, things that interfere mentally are usually because we cannot accept the fact that what we have is lost, For example, investing in real estate, we use our money to invest in that sector everything is affected by disasters and everything is lost and of course it will make me stressed, this is a simple thing to destroy your mentality, whatever assets we invest in including bitcoin if we have good management will have a bad impact, many people are made crazy by this.

I think we have come a long way in modern times. There is more of an awareness & acceptance of mental health issues now. There is a slogan, ‘its ok not to be ok’ which I think is a good statement regarding mental health issues. Regarding the statement in the OP though, obviously you shouldn’t make investments & take risks when you are not in a good place mentally, it could have disastrous effects.