(a) What is more rewarding: saving $1 or making $10?
(b) What is more painful: losing $1 or missing out on making $10?
(c) Which makes the more lasting impression: the pain of losing $1 or the joy of making $10?
Each of these says something about who you are as an investor. There is no wrong or right answer so don’t fret if you are one and not the other.
When it comes to investing you should always be aware of who you are and where you are going.
If you favor saving over investing in “a” getting to your goal is likely to take longer.
Depending on which side of “b” and “c” you fall your goals also may be accelerated or delayed.
By the way, studies suggest that the pain of losing makes the most lasting impression
If you are not sure where you are seek assistance immediately to know where you stand! After all, one thing remains true – it’s hard to get to
where you are going if you don’t know where you are!
