we are irrationally afraid of losing. We would rather give up the chance to win big than deal with the likelihood of small losses.“Irrationally afraid” is the key point, especially when it comes to money.
Most of the time, there’s no loan shark threatening to break your legs. When you make a mistake and lose money, you simply have … less money. Fretting over it isn’t going to help.
Not only that, but the more time you spend fretting, the less time you have at your disposal to make new money or otherwise just live your life.Even if it’s a relatively large amount of money you’ve lost due to some mistake, the problem is still temporary.
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