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21/7/2017

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The Benefits Of Adopting The Ostrich Mindset

 
Think about how many hours you’ve wasted over the years worrying about investment markets, or trying to predict what might happen next. That private angst when your numbers wobbled. Can you name one time when you’ve gained by obsessing like this? ​
​There’s no doubt we could all benefit from adopting an ostrich mindset.

​The myth is that the ostrich buries her head in the sand to hide when she’s threatened. That’s only part of the story. What she’s actually doing is tending to the eggs she has laid in a shallow hole in the ground—turning them over in the nest with her beak.

​We spend a lot of time thinking about how to change things that are often out of our control, instead of taking action on the things we can influence and impact. We only begin to make progress when we stop trying to control the outcome.
​

Financial outperformers get there because they start walking the path—they don’t waste time directing energy toward things they can’t change or influence.

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Important - This information is shared with you purely for the purpose of financial education. It is based on generally available information and is not intended to provide you with specific financial advice or take into account your objectives, financial situation or needs. You should consider obtaining financial, tax or accounting advice on whether this information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. See full Terms and Conditions here. 
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