How Can I Make Money With ETF's? [EP. 13]

The latest episode of The Chase, hosted by Chris McAlpin, revolves around the intricacies of investing and the mindset required for success. Chris emphasizes the importance of approaching investments with the right perspective, highlighting that money is merely a tool and not the end goal. He delves into the psychology of investing, explaining that while short-term losses are part and parcel of the investment journey, the long-term view, and adherence to a tested system matter.

Drawing parallels with sports, Chris underscores the significance of mental rehearsal in achieving investment success. He believes envisioning potential outcomes and risks prepares an investor for the challenges ahead. The episode also touches upon the dangers of fear in decision-making, suggesting that it can lead to excessive or insufficient risk-taking. Chris encourages viewers to embrace discipline and purpose in their investment strategies, grounding his advice in biblical teachings.

Key Takeaways:

1. Money as a Tool: Successful investors view money as a means to an end, not the ultimate goal.
2. Embrace Losses: Short-term losses are inevitable; what's crucial is sticking to a well-researched system.
3. Mental Rehearsal: Visualizing potential outcomes and risks can pave the way for better decision-making.
4. Combat Fear with Discipline: Fear can be a significant impediment, but with discipline and purpose, it can be overcome.

Biblical References:

• 2 Timothy 7: "For God has not given us a spirit of timidity or fear but of power, love, and discipline."
• Psalm 23:6: "Surely goodness and mercy will follow me all the days of my life, and I'll dwell in the house of the Lord forever."

For more insightful episodes on biblical finances and investment strategies, tune into The Chase playlist. If you have questions or need assistance, don't hesitate to reach out to the Sound Financial Strategy Group.