Don’t let your emotion interfere with your long term goal. Jealousy, impulse, fear and even excitement are the things that should not influence your financial decisions. Watch out for these emotions when you’re dealing with money. They are most likely to lead you to make the wrong decision which could have a negative impact on you financially. You should be as objective as much as possible when it comes to managing your money and investments.
It is extremely difficult to be objective when you are in a certain emotional state. For example, if you don’t know anything about a particular investment being offered to you and you just got excited about the potential profit and how quick to make it, then it is better to take a step back and let your excitement subside and think about it objectively.
Investing and the way towards becoming a millionaire should be a matter or technique and should actually feel boring. This is because you simply need to come up with a repeatable steps on how to get there. So while you’re in this long journey, find enjoyment in having hobbies or projects that don’t set you back and enjoy life while you’re on your way to becoming a millionaire.