Take healthy levels of risks.
Bank savings, certificates of deposits, and savings bonds are typically called risk-free rates since they involve little risk and essentially provide little returns. If you want to become wealthy, you should opt for some degree of risk.
Never sell assets during a down market.
Keep a long term perspective and remember that the only people who lose money in the market are those who sell during downturns.
Understand your risk type.
On the continuum between risky and risk averse, with regards to money, are you more likely to make aggressive choices or more conservative ones? Knowing yourself and your tendencies is important, as it brings light to your subconscious biases.
Confirm all assumptions.
Before you make a choice involving money, re-confirm internally that you’re making selections using the correct assumptions. Understand all terms and inputs that go into your decision.
Relax.
Remember that a bad decision will not always destroy you.

Overcome your money fears and uncertainties

How to Apply This