Have you ever wanted to hit a financial goal and once you hit your goal, you feel absolutely nothing?
The answer isn't that you are greedy. Your brain is wired to keep you dissatisfied.
Your brain has a reset button. Psychologists call this reset button Hedonic Adaptation. It is the tendency of humans to return back to a stable level. The reality is just that whenever you make a lot of money or you get a promotion in your job, this new becomes normal to you in a few weeks or months.
It is a trap your brain is setting you up in. Where yesterday's luxury becomes today's necessity.
We do not measure our wealth by what we have but by what another person has next to us. In the world of social media you are not comparing yourself to your past self, you are comparing yourself to a millionaire social media influencer.
Even if you had a million dollars and everyone else in your circle has tens of millions of dollars you would feel broke.
You need to learn to break this cycle.
If you don't have control over this psychological loop, you will spend your entire life chasing a goal that you will never reach.
Most traders fails because they don't have an exit or even a number they are satisfied with. So firstly you need to write down the type of life you wanna live and how much your goal is.
Instead of looking at who has more than you, look at your past self two years ago or maybe even a year ago. Most of the things you have now are the things you worked for.
You should spend your money not just on assets but also on experiences like travelling or enjoying a night out with your friends. It could be anything. Money spent on this could resist the Hedonic Treadmill.
True wealth isn't about having a lot of money but it is having the freedom to stop thinking about it 24x7
