Are You Suffering From Financial Obesity?

I hope you don’t mind me writing about “financial illnesses” lately. The other day, I talked about why we need to stop “comparisonitis” as well as how to prevent from experiencing it again.

The purpose is to help you know whether you carry the illness. And if you do, then let’s help each other find ways to heal it.

Today, we will talk about financial obesity. I first heard this type of financial illness from author and motivational speaker Larry M. Jacobson.

According to Larry, financial obesity pertains to one’s obsessive and self-sabotaging need to constantly overspend and remain financially unhealthy. Like over-eaters, the financially obese allow fear to prevent them from achieving their personal and financial success they desire. Continue reading Are You Suffering From Financial Obesity?

How to Recover from Investment Failures

Some people have gotten tired of investing their money because of past failures and wrong decisions. Discouraged by losses brought about by the global financial crises in the past, many have chosen to be too “conservative” that they just leave all their money in savings and time deposit accounts. Or worst, they just keep them under their pillows.

Taking risks again after losing thousands of bucks from failed businesses and investments may not be very easy. You may say you have learned your lesson well and therefore decided not to invest again. However, this is a wrong approach of learning from life’s failures.

Here are three proper ways to learn and move on from all these bad experiences. Continue reading How to Recover from Investment Failures