Option 1: Blame Others

Option one is to take no responsibility. That’s a position of weakness, no matter how strong you feel while you’re placing the blame. If you take no responsibility, you’re automatically disengaged from your economic circumstance. “I had nothing to do with it! I’m just a victim!” you say. Listen to how this approach sounds in the words of an investor named Valerie.

Valerie: I didn’t really watch the market every day. I just assumed that over the long term, things would go up, and if they went down, it wouldn’t be that dramatic. Suddenly, overnight, I felt punched in the gut. I had to totally remake the way I thought about my life—my spending, my investments, what’s important to me. For the first time ever, I remember being ...

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