29 - Cultivate Your Emotions and Fears

In a change of pace, rather than talk about the technical aspects of handling money, Ken addresses the emotional aspect, particularly fear. Humans are hardwired to be fearful, as it is a survival instinct that allowed our species to survive. Recounting the old adage, “you miss 100% of the pitches you don’t swing at,” Ken dives into fears that often hinder asset cultivation. Balancing fear with well thought out decision making is critical. Ken offers these insights: Don’t make rash decisions. Don’t sit on the sidelines, get into the game. Get an adviser, and work with them, don’t just delegate to them. Do your own homework. Ignore the news, which is built around playing with your fears. Finally, disregard misleading bias.   This podcast episode is merely the personal experiences and opinions of Ken Kaufman and not a guarantee. Ken is not liable for any financial decisions you make as a result of this podcast. It is advised that you consult a certified financial adviser and be aware of the risk involved before entering the Stock Market.