Wealth Mindset: Working through the emotions of the wealth journey
On the journey to wealth, people may experience a range of emotions such as fear, doubt, uncertainty, guilt, and even loneliness. As people's mindset changes, it can create tension with loved ones who may not understand or support their goals. It is important to acknowledge these emotions, communicate openly, set boundaries, and seek support when needed to navigate these challenges.
Some emotional intelligence raising practices that can help manage emotions related to wealth-building and changes in mindset include:
It is important to note that these practices may not be effective for everyone and that seeking professional help may be necessary in some cases.
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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