Mark Ford

From Mark Ford, editor, Creating Wealth: Mainstream media are almost always wrong about investing.

When prices skyrocket, they write stories about people making money. When prices drop, they write stories about people losing money.

Most readers have a hard time disbelieving the major media. They wonder, “How could all these pundits on TV be wrong?” So, they stay on the sidelines, waiting for positive confirmation from their favorite newspaper or television channel.

But that never comes until it’s too late.

If you fear losing money too greatly, you’ll never implement the knowledge you gain.

You may invest money in investment education—thousands and thousands of dollars over time—but you won’t put the ideas you learn into action. Instead, you’ll do only the few things you are comfortable with.

As a result, you’ll make no progress toward your wealth-building goals.

Here’s how to face your financial fears: If you’re scared to invest in the stocks we’re recommending, imagine your portfolio dropping 25%. (It won’t, but you must imagine it.)

Imagine yourself thinking, “Okay, I’ve been stopped out. Now, I will pick myself up and start over again.”

You can’t control the economy. You can’t control the forces that affect your business. But you can control your emotions.

By making friends with fear, you’ll enjoy the wealth you have and make smart, wealth-building decisions.