Creating Your Investor Mindset: Insights From Alan Greenspan

I’ve been reading Alan Greenspan’s book “The Map And The Territory 2.0” over and over trying to create instinctual change. Greenspan is the former head of the U.S. Federal Reserve and a great resource for financial advice. He says that the biggest indicator of the health of an economy is people’s willingness or aversion to invest in long-term assets.

The same thing applies to your personal finances. In a world full of consumers it’s important to take an audit of our own financial life (and this really extends into health, love, and happiness too). You have to take an honest look at yourself and ask if you are someone who has a high proclivity towards long-term investments. If you’re not then think of something that you haven’t been doing financially because it doesn’t pay off for a while and do it anyway. You’ll find that you end up much wealthier in the long run.