What Do You Think About Money?

Right now I have a simple exercise for you that I want you to take action on and I want you to follow through and do it. Don’t just think about it and agree with it... I want you to actually take the action.

Get a pen and a piece of paper, or a blank booklet, and I want you to write down your answer to this question:

I want you to write this down in a booklet, so that you have it for later to see if your answer changes over time.

My question is:

What would you do if all of a sudden you had some ‘extra money’?

Write down what you would do if all of a sudden some extra money came your way. Let's not make it into a big lottery winning or something... imagine something realistic for you. If you are not going to write it down, add your comment below - and lets get a feel for what 'most people' would do...

What would happen if you had ‘a little extra money’?

Write down your answer what you would do.

What would happen if you all of a sudden got ‘a lot of extra money’?

Again, write down your answer what would you do.

I recommend that you stop, go and get a pen, and physically write down your answers in your blank booklet - and put it away in a place that you can find it in a few months or maybe a few years. There is no right or wrong answer, this is the start of you creating a success journal so you can speed up how fast you reach your financial goals!

The key of stopping to write down your answer into a little booklet is not just so that you go back and see how your thinking has changed about this one topic - but it's to start the habit of writing your own trading journal. All successful traders keep a journal, just as all successful athletes keep a training log to track their progress. We’ll talk more about how your trading journal can help you correct your errors and help you learn and reinforce correct thinking while trading... but for now, answer the questions:

What would happen if you had ‘a little extra money’?

Write down your answer what you would do.

What would happen if you all of a sudden got ‘a lot of extra money’?

Again, write down your answer what would you do.