Own Your Mind And Wallet

Fear sells.

90% of news headlines are negative or fear-inducing.

As of today, the market is down 8% from its all-time highs. All time!

And if you just search the word “Stocks” on Google News you’ll find plenty of reasons to panic.

Tariffs, Recession, Trump - those are all the most popular words I found on the first page.

 I’ll admit, sometimes it’s hard for me not to look at my investments and question if I’m doing the right things.

That’s because money is emotional, there is a reason that the Bible talks more about money than prayer.

But you don’t need to live in fear. I’m going to do my best to walk through WHY from an emotional standpoint and a logical standpoint.

Own Your Mind

Your life is always moving in the direction of your strongest thoughts.

If fear is dominating your mind what do you think your life will look like?

Anxious.

How do you behave when you’re anxious?

I know I’m not at my best.

 Fear often comes from believing lies—that you’re not enough, you can’t handle it, or the worst-case scenario will definitely happen.

Fear tells you “you’ll fail,” “you can’t change,” or “you’re not safe,” and over time those thoughts become automatic defaults.

I’ve been really digging Craig Groeschel’s book, “Winning the War In Your Mind” so I’m going to steal from him for a bit.

What if you replaced those lies with truths?

“The economy will never recover.”

Instead….

"The economy has gone through many difficult times before, and each time, it has found a way to recover and grow stronger.”

“I will never get out of debt”

Instead….

"I’ve gotten into debt, but I’m learning how to get out.

With small, consistent steps and smart financial choices, I can take control and eventually pay off everything. Every day brings me closer to financial freedom."

The greatest trick the devil ever pulled was convincing the world he didn’t exist.

Logically Why Fear Doesn’t Make Sense

Regardless of how you feel about who the president is, it’s important to understand some of these concepts.

1 - Downturns are temporary.

You should be investing for decades, not election cycles.

Presidents serve 4-8 years.

Your investing horizon is probably decades. During that time, markets are going to rise and fall.

As a long-term investor, you should be focused on how can I invest more, not whether the market is up or down today.

2 - Strong financial planning can help you weather any storm.

You can protect yourself from the impact of any economic downturns by practicing good financial habits:

• building an emergency fund

• sticking to a budget

• eliminating debt

• diversifying your investments.

  
  

These don’t have to happen overnight, just focus on getting better and making your fortress stronger.

3 - Living in fear doesn’t help you.

This is the most logical reason to me.

Fear narrows your thinking and limits your options.

When you're afraid, you tend to make decisions that lead to inaction or poor choices that harm your long-term progress.

Fear of economic downturns might cause you to freeze and avoid investing or pursuing career opportunities.

Meanwhile, those who act strategically during uncertain times can capitalize on opportunities and grow their wealth or career.

Fear holds you back by hindering your ability to act and causing you to focus on imagined threats rather than reality and logical solutions.