I firmly believed if I sold a piece of jewellery I would get X amount. Guess what? I got far less. How do I go about checking my money beliefs? Any suggests?
asked 11 Nov '10, 11:03
Barry Allen ♦♦
You didn't really believe you could get more for the jewelry. If you did, you would have waited for a better price.
Beliefs about money have a strong impact on people's finances. Ask any investment advisor worth his salt, and he will tell you that the greatest predictor for a personal investor's rate of return (how much money they will make on their investments) is not the economy, or the quality of the investments. It is the investor's behavior.
To understand why, consider that 95% of people lose money in the stock market. Why is this the case? To make money in the market, you have to buy at a low price and sell at a high price.
But most people buy high and sell low.
Why do they do this? Because they panic when the price of the stock drops, and they sell it at a loss. Then, when the price rises again, they buy the stock back, after it has already made its gains, afraid that they're going to miss out on future growth.
answered 11 Nov '10, 18:53
On reflection and after reading your answer Vesuvius, I got bored with waiting for a better price and just wanted to get rid of the ring! Thanks for the insight
(16 Nov '10, 13:00) Flame
If you are interested in making money in merchandise, and selling jewelry, then perhaps you can start your own jewelry business, in that way you would be able to make more profits, than reselling jewelry. Of course there are many other ways in making money. The money is out there, you just have to know how to get your share of the pie. The LOA is always working for you, so you can use it to manifest your desire! Good Luck.
answered 15 Nov '10, 05:11
Inactive User ♦♦
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