reply to post by MissCoyote
Theoretically he is right in many ways.
I have seen others make poor investment and career choices that were dead ends. Heck I am guilty of some poor choices, not taking opportunities when
given that could have lead to high paying jobs.
In terms of my investments, my choices kept me from losing money while the choices of others I knew cost them thousands or more.
Through hesitation, ignorance, fear, or even our own shortcomings, people have missed out or lost. We have to be honest with ourselves and take
Success in finance requires us to be informed. It requires confidence in ourselves. We have to know our limitations and adapt around them. We have to
plan for the long term. Most importantly we have to know when and where to take risks.
I have seen others splurge on possessions, dining out and travel, while they wonder why they have no money. I have seen people try to support a stay
at home wife and then have mutiple children, while they wonder why they have no money. When people do those things they must take responsibility, but
it hurts. Its very painful when we have to face the fact that we made choices and took actions that cost us, but if we face it, we can learn from it
I know there are times when circumstances are totally beyond our control, but we still have to be proactive even in those times. If we fail to take
action in those moments, it can result in even more damage. We also have to plan and be ready for these times.
I know that we have qualities that can limit our success, but if we face them and understand them, we can adapt to them. We may not end up as
billionaires, but we can retire comfortably if we know and understand our limits as a person.
Lastly, sometimes we have to make hard and painful choices to achieve success. There are things we may not like or want, but in order for us reach our
goals we have to make those tough choices.
If we don't do these things, its setting us up for failure and we have no one to blame but ourselves.