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     last year  

    Why losers lose:
    A person showed a friend their Coinbase app, noting it had been poor a few years ago. Now the app displayed millions in Bitcoin, and there was an expectation Bitcoin could double this year, possibly to $200k.

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       last year  

      Although the account showed several million in gains, the friend only noticed the few hundred thousand in losses.
      The friend couldn't see the millions gained, only the thousands lost.

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         last year  

        That emotional difference is a key distinction between rich, poor and middle class.
        It's called EQ, emotional intelligence.
        Simply put, the poor and middle class stay poor because fear of loss outweighs focus on winning.

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           last year  

          In other words, losers have low EQ and live in fear.
          The wealthy understand that both fear and greed are emotional responses everyone has, and they respect both.

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             last year  

            EQ often matters more than IQ, which is why some highly educated people still die poor.
            EQ is more important than IQ in financial matters.
            Losers are more afraid of losing than of getting rich.

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               last year  

              That's why many highly educated teachers remain poor: high IQ but low EQ.
              Take care.
              To be wealthy and content, developing high EQ is important; that means managing greed and fear while applying intelligence

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