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    n, he was convinced that he was always one step away from being broke, hungry and homeless. Keep in mind that Bill was taking only $150,000 a year from his $10 million nest eg
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    In Clint Eastwood’s award-winning movie, Million Dollar Baby, we see a positive, respectable, hard-working young woman physically destroyed when her dirty-dealing opponent lands a sucker punch after the bell.

    It occurs to me that the same thing can happen with investments. The admirable fighter inside you tries to make your financial dreams come true. That’s the inner voice that tells you to work hard and invest smart. Your opponent is the part of you ruled by your emotions. Those emotions look for every opportunity to land a sucker punch and bring you down.

    When I first met Bill, for example, he was worth $10,000,000, yet he was miserable. Because he’d grown up during the depression, he was convinced that he was always one step away from being broke, hungry and homeless. Keep in mind that Bill was taking only $150,000 a year from his $10 million nest egg

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    ds a sucker punch after the bell.

    It occurs to me that the same thing can happen with investments. The admirable fighter inside you tries to make your financial dreams come true. That’s the inner voice that tells you to work hard and invest smart. Your opponent is the part of you ruled by your emotions. Those emotions look for every opportunity to land a sucker punch and bring you down.

    When I first met Bill, for example, he was worth $10,000,000, yet he was miserable. Because he’d grown up during the depression, he was convinced that he was always one step away from being broke, hungry and homeless. Keep in mind that Bill was taking only $150,000 a year from his $10 million nest eg

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    me true. That’s the inner voice that tells you to work hard and invest smart. Your opponent is the part of you ruled by your emotions. Those emotions look for every opportunity to land a sucker punch and bring you down.

    When I first met Bill, for example, he was worth $10,000,000, yet he was miserable. Because he’d grown up during the depression, he was convinced that he was always one step away from being broke, hungry and homeless. Keep in mind that Bill was taking only $150,000 a year from his $10 million nest eg

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    to land a sucker punch and bring you down.

    When I first met Bill, for example, he was worth $10,000,000, yet he was miserable. Because he’d grown up during the depression, he was convinced that he was always one step away from being broke, hungry and homeless. Keep in mind that Bill was taking only $150,000 a year from his $10 million nest eg

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    n, he was convinced that he was always one step away from being broke, hungry and homeless. Keep in mind that Bill was taking only $150,000 a year from his $10 million nest egg. If you do the math, you’ll see that his withdrawal rate was barely 1.5%. So Bill really didn’t have to worry about money … but he worried anyway, and he was ruled by his fear and greed.

    Because Bill was convinced that he was going to run out of money, he continued to make high-risk investments in the hopes of having more. He often lost a great deal of money with these chancy ventures, and this behavior made his fear a self-fulfilling prophecy. As his losses grew, his emotional need to make up for those losses grew, too. He took ever-greater risks and continued to dig himself into a miserable hole. It was a classic emotional smack-down.

    Others dance the opposite direction. People w

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