The Psychology Of Investing | Becoming A Mercenary With Your Money

I'm all in baby!In Episode #465 of Mere Mortals Musings we delve into the psychology of investing, exploring the emotional and mindset aspects that influence investment decisions. A lot of focus on emotional control and mindset training, drawing parallels between fitness and investing. The importance of preparation and maintaining a neutral mindset is highlighted, as well as the dangers of getting swept up in market trends. We then shift to the broader question of why we invest, examining the motivations behind financial decisions and the concept of 'enough.' The conversation touches on the importance of understanding one's ideal cost of living and the psychological factors that drive investment choices. We also discuss the role of risk and probability in investment strategies, emphasising the need for rational and logical decision-making.Huge thanks to Chad F and Gene Everett for the support!Timeline:(00:00:00) Intro(00:02:24) Mindset Training and Emotional Control(00:08:28) The Purpose of Investing(00:16:27) Defining Enough & Cost of Ideal Living(00:27:32) Optimism and Rational Investing(00:38:38) Becoming Mercenary in Investing(00:38:38) Boostagram Lounge(00:51:10) Risk Adjusted Return and Probability(01:02:10) Reflection/Learning From Mistakes(01:04:28) V4V: Time/Talent/Treasure Connect with Mere Mortals:Website: https://www.meremortalspodcasts.com/Discord: https://discord.gg/K99e8fysBnTwitter/X: https://twitter.com/meremortalspodsInstagram: https://www.instagram.com/meremortalspodcasts/TikTok: https://www.tiktok.com/@meremortalspodcastsValue 4 Value Support:V4V: https://www.meremortalspodcasts.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast