Think Like A Winner: Investing With The Right Mindset

Your mindset contributes over 60% to your success or failure of all you do – including investing in the stock market.

Imagine two friends starting the same kind of investment at the same time. The first person is positive about the investing journey he has commenced and the other is pensive, pessimistic and expecting the worst. Can we determine who will make it over the other? You bet.

While there are so many reasons that the negatively-inclined person will most likely fail at the investment like the high probability that he will make the wrong investment decision as a result of his state of mind, at the very foundation lies a truth that is hidden in plain sight: “As you think, so you are.”

One of the oldest principles of life is having the right mindset and we have many of the oldest classics to remind us: “Think and Grow Rich by Napoleon Hill”, “The Secret by Rhonda Byrne” “The Secret Of The Ages by Robert Collier” and “The Power of Positive Thinking by Norman Vincent Peale” are just some of the books that have demystified this age-old principle.

Just as this principle is apparent in every other area of our lives, your success in the game of investing is not complete without having the right mindset.

The idea that has been passed on for centuries is that because your mind is the most powerful computer on earth, programming it correctly can greatly influence the actual turn out of your life for good and programming it negatively will also hinder you.

Your mindset contributes over 60% to your success or failure of all you do – including investing in the stock market. This is why great investors like Warren Buffet have explained the need to have the right mindset and it is certainly an apparent truth that they think differently than many other investors.

It is also why we hear constantly that the rich think differently from the poor. No matter how broke a rich man becomes, by having the right mindset, he will eventually be back on top of the wealth chain.

When it comes to investing, there is only so much you can control. Luckily, your mind – which has proven to be one of the most advanced tools in the world – is one of them. You might not be able to control the movement in the prices of stocks, but you can control how you react and what you believe in.

The state of your mind is what also greatly influence your reaction to happenings in the stock market. Thinking like a winner will have you making winning decisions in no time.

Now, thinking differently doesn’t mean you will never suffer losses. Rather, it gives you control of the ultimate outcome. You know that no matter how the market moves adversely, things will even out in time and you will win. It also helps you get rid of the biases and fears that hold you back.

One thing you don’t want to carry into the coming investment year is a negative mindset. What are the things that have broken down your positive mindset? Find them and make the necessary effort to correct them.

Only then will your investment journey be effective and yield the fruits your heart desires. As the author, Rhonda Byrne, puts it, “When you become aware of this great law, then you become aware of how incredibly powerful you are, to be able to THINK your life into existence.”

Written by Lawretta Egba.