Chapter
Overcoming Mental Traps in Decision-Making
34:11 - 39:13 (05:02)
The speaker shares how to differentiate between fear and self-judgment when making decisions, and how being slow to make money helps assess long-term commitments, gleaned from their personal experience of being a poker player.
Clips
The speaker describes the feelings that come with making mistakes, drawing a comparison with the game of ping pong, and shares how playing poker helped them to handle these emotions better.
34:11 - 36:06 (01:55)
Summary
The speaker describes the feelings that come with making mistakes, drawing a comparison with the game of ping pong, and shares how playing poker helped them to handle these emotions better.
ChapterOvercoming Mental Traps in Decision-Making
EpisodeMind-Blowing AI Tools, 2023 Goals, & Money Making Arbitrage Schemes
PodcastMy First Million
The key to smart money decisions is to ask if you're protecting your money or trying to make more of it.
36:06 - 37:46 (01:39)
Summary
The key to smart money decisions is to ask if you're protecting your money or trying to make more of it. It's important not to act too quickly when making money and not to make desperate decisions when trying to win back lost money.
ChapterOvercoming Mental Traps in Decision-Making
EpisodeMind-Blowing AI Tools, 2023 Goals, & Money Making Arbitrage Schemes
PodcastMy First Million
The speaker discusses their cautious nature when it comes to making financial decisions and how it has affected their investments in the past.
37:46 - 39:13 (01:27)
Summary
The speaker discusses their cautious nature when it comes to making financial decisions and how it has affected their investments in the past. They acknowledge the importance of taking swift action in certain situations.