Don't Do This... Even When You Want To
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We’ve all been there.
You put down some money on an investment that involves risk, it starts to perform well, and you notice others have done even better. You want to emulate their success, which you’ve seen all over social media.
Soon enough, you’re dreaming.
Big.
The hope comes like a fever.
Maybe I’ll be able to get that house I’ve always wanted on the beach…
A few more months of returns like this and I can pay off all my student loans…
I’ve always wanted a Ferrari…
Man, a trip to France sounds great…
There’s nothing inherently wrong with this thinking, and it’s part of human nature to spend a little time now and then fantasizing about what could happen after a life-changing windfall.
But it can also be toxic.