Optimize Investment Results

Posted On: 2006-02-21
Length: 14:25

Listen to this podcast

Hi this is Joan. This is episode 32 of The Prosperity Show. Thanks for listening. Today we're going to talk about how your emotional needs affect your investment results. But before we get to that, first let me apologize for my nasal sound. I'm at the end of a cold, but it's going away. And I'd like to take this opportunity to thank the people at MoneySmarts.com, that's moneys-m-a-r-t-z.com, for choosing the Prosperity Show as one of the best financial podcasts. That was really nice to hear. And I've been reaching out a number of personal finance bloggers and will be telling you about some of them in the future and will list them on our show notes at The Prosperity Show when I do. You can reach me by writing to joan@theprosperityshow.com, or you can call our voice mail line at 206-888-HELP. That's 206-888-4357. Our main site is prosperityplace.com, where you'll find lots of information about improving your relationship with money and yourself.

So today's topic is how your emotional needs affect your investment results. And when I talk about investments, I look at a number of things. First of all are the obvious things like stock market or real estate investments. But they can also be investments of time in a business or a part-time effort. It could be even your investment at work and what you put into work. So the results you get, the financial results you get from your investment of time, energy and money, is going to result from your emotional needs, of course along with your thoughts, beliefs and behaviors. But today I want to look at the emotional thing. And let's review. There was something that I presented in the very first few podcasts, so I just want to review it to make sure that you understand what the basic theory is. The basic theory is that we create our life situations, including our financial position, to express a group of feelings that are deep within us. So for example, if you have the need to feel disappointed because you've been carrying around a lot of disappointment from earlier times in your life, then there's a good chance that you're going to have financial results that reflect that disappointment. Or perhaps shame is a feeling that you're carrying from early childhood and it's something that needs expressing. You're going to have situations in your life that allow you to express that shame. In my book, "Build your Money Muscles," I list five feelings that are expressed...