I just lost 2/3rds of my fortune on the stock market … and it doesn’t really bother me. Here’s how you become the master of money.
You’ve all seen the reports and the scary stories. The market crashed, it’s a bear, a recession is coming. Well maybe it’s just news to some of you and maybe for some it’s the real life story. Maybe you’ve lost your job, or your business is stalling. Either way, right now is a gloomy time.
For me, it’s the market crash and watching my money go down in red tickers on the screen and wishing there was a time machine.
How to Lose a Fortune like a Winner
The market crashed and 2/3 of our money disappeared.
I said it just a month ago, ‘now’s the time to hold on to our cash, sell a few, store some capital, the market’s over valued, it’s time’. Did I do it? Hell no. Now I’m watching the market up and down, up and down, while 2/3rds of my hard earned dollars have already flown into the void.
However, I don’t really feel all that bad about it. Now, don’t get me wrong, I’m not a lunatic who likes being broke. I’m not saying I’m happy about it. Though the second I got the nervous message from my wife, who was fearful I’d lose my … stuff over the whole situation, I knew I had to toughen up.
It was in that moment, with my wife near tears explaining how the market just dropped, and me watching the image of my dream financially free lifestyle fading quickly into the distance, that I knew I didn’t really need it.
I saw the one thing that already made me a king right in front of me and I wasn’t going to let money ruin her life. It was then, amidst my greatest financial failure to date, that I truly felt like the master of money.
To be honest, I was shocked.
I didn’t expect to feel like that.
I thought I’d smile and pretend and then curse … well, I didn’t expect a stock market crash to feel like an ‘oh well’ moment. But more than that, I actually thought, ‘how can we take advantage of this?’ ‘Will I get paid in time to put some money into all those cheap stocks?’
When I think on it, it’s actually quite shocking.
Now that I’ve had time to process the whole mad experience, I now know how I came to this position, this wonderful empowered new position I’m feeling.
I realized, it’s not the money that makes you rich. It’s understanding how money works that makes you rich.
I may have lost a mountain of liquid cash, like sweet milk dashed from a broken bottle. However, I know I am a competent and capable human being and I can earn money for years to come. What’s more, I have got to the point where I want to work on and keep improving myself. So, I know great things are ahead of me and I will earn way more in the future.
What’s more, I just finished my first ‘crappy’ novel and I’m getting close to a dollar a day writing online. Still a long way to go, but I know I have great potential and I know one little setback is just another lesson on the road to free.
What makes me rich is me, not some pile of paper in the bank or numbers on the screen.
It wasn’t always like this. So how did I change?
It took me years. I used to make peanuts working for customers, serving them like a robot. I hated feeling like a robot. Then I improved myself and moved up to the middle-class. I became a teacher. I liked the extra money, but I hated being locked to the clock and feeling like a servant to children. Though I did enjoy the money — a little too much. I realized it was the carrot that stopped me chasing after what I really wanted. I also realized, I was throwing it away, and I started to fear what I would retire on, when I eventually get to old age.
That’s when I started investing. Not just in the market. I started investing in the retirement fund, in the life insurance, and the market, but more importantly, in me. I know I want a great retirement, I want a beautiful, enjoyable, long life where I can enjoy all the good things to come. So I’m investing in me, mind, body, soul and pocket book.
In the end, it turns out my true wealth is not the numbers in the trading account, it is the one I am building in my skin. That’s the true wealth that no one can take from me; definitely not a stock market crash.
Your true wealth is what you invest in your mind, body and soul. No one can take that away from you.
So how do you start to build that kind of wealth?
How do you too lose a fortune but still become ruler of your universe and master of money?
Like any store of capital, you must invest. Moreover, a smart investor knows they need a balanced portfolio.
- Invest in your health. Eat clean, eat green and exercise daily. Feel strong, fit, healthy and virile. This way you stay young and positive; able to take on any challenge that life throws at you.
- Invest in your mind. Read works of self-improvement, read philosophy, literature, poetry, and/or whatever turns on your mind. Also, write daily. Push those thoughts and ideas into your subconscious and let them percolate and brew into a stronger, smarter more resourceful you.
- Invest financially. Put those valuable dollars away. I said I lost a fortune, but I have my rainy day supply, I never gamble with that. Sure up your position at work, make yourself the last one who gets kicked off the boat.
- Invest in your networks. Build great personal, social, and business relationships. These are the fortunes that will save you at the end of the world.
Start investing in your true fortune today.
Build yourself up and have a fortune that no one will ever be able to take away.
A king, a queen, a master of money and time and the world and everything within the sphere of the globe.
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Joe Brown is an international teacher, a writer and an amateur investor. Joseph has dedicated his life to finding success, by investing in personal development and striving for financial freedom. He likes to write about current events, self-improvement and investing. His goal is to find personal success, as in financial freedom and a life of health, wealth and happiness and he strives to help his audience by inspiring them to achieve their own personal goals in self and financial investing