Stock Market

A growth mindset is what you must adopt when it comes to your finances. A fire spark inside of you will only fuel you with Growth two, even ten years down the road. According to a study published called "The Neuroscience of Growth Mindset and Intrinsic Motivation," it states, "growth-minded individuals perceive task setbacks as a necessary part of the learning process, and they bounce back by increasing their motivational effort." How can a growth mindset develop your ability to grow your finances or wealth? First, it will allow you to take on more risk. Do you have an extra $5,000? Try learning everything about long term wealth building. On the other hand, you could start trading stocks and options. But first, you must learn everything there is about the subject matter. Let's spin back to Bill and Charlie and see how each of them would approach building wealth.

Whenever there is a massive drop in the stock market, you immediately have two types of people- those who panic sell, and those who buy thinking they are investing in a big future at a very low point in the present.