Hello Hive.
We begin every year with so much hope of performing better than the previous year financially, sometimes the odd is in our favor and we achieve far more than we hoped for but other times we have to accept defeat and move on. Not wanting to accept a loss is a habit that makes us loss more. For instance you invested in a project that didn't go so well but the brand went to restructure and you feel like giving it another chance investing more money into same projects, a second attempt failed and you are blind enough to try one more time(probably a last one) hoping to get something out of it because you have been promised a huge sum if there was a success.
Personally I don't give a second chance to any investment. After a research about the feasibility of an investment I give it a first and last time shot, once that attempt failed, I withdraw.
Sometimes the reason behind a failed project is usually dug out and if they sound so reasonable enough one can try a second time investment but with a little amount.
Aside there, I have no money to waste.
Question: How many times do you invest in a project before you back out.
Regarding how far we have come into the year you have to accept the financial statements before you to mark out where things have gone wrong, accept the profit and loss statement of the table outrightly then re-strategize again.
If we are bent on achieving our financial goals following some standard rules that cannot be bent or bypassed then the feasibility of finishing strong is vague.
For instance the crypto market have dealt with alot of people this year, while one is hoping to get a 10X profit from a token, we have witness alot of these tokens becoming a totally failure and we had to accept several huge losses we never planned for.
That alone has hurt so many peoples financial goals and if they want to finish the year in good they have to accept the losses and seek for another plan.
Financial pursuit is really like an adventure. You go into it not knowing what to expect. Some one once said that we should plan for the best and watch out for the worst case scenario to ever play out.
When we invest in crypto or any business we believe that there is a profit and loss section of the sheet while working towards success,do not ignore the failure signs written on the walls.
Amidst this there is still hope of achieving our financial goals and these are simple way to do that.
Accept the current financial situation knowing that the profit and losses made are not totally dependent on your ybest financial strategies but that fate may also cause a shift in direction.
Re-set your goals : Achieving your financial goals should be more related to fulfilment and not how much you have in your wallet at the end.
I have seen people reduce their goals to what is more realistic instead of overworking themselves to achieve the big figures set from the beginning of the year.
Feeling fulfilled about whatever you were able to achieve should be of priority I think.Rethink strategies, been the middle of the year you can equally bend the rules, set new rules and think of other strategies that can help you achieve your goals.
Remember this 👇
