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Makin' Money

TELL US: How do you talk yourself down from the financial ledge?

Stephen Hoffman Aug 12, 2011

On this week’s show, Carl Richards, he’s a certified financial planner and New York Times contributor, said that he often makes this suggestion to panicky clients:

Write down how you felt when the stock market was going through some volatility, and the next time you feel like taking on a risky investment … read it back to yourself.

Even better? Why not take a video of yourself, give it to your spouse or family member – when the market’s recovered, make them give you the tape and watch how you felt at the moment the market was, well, in the toilet.

So we want to see the kinds of videos you come up with – upload them to Youtube or any other video sharing service and send us the links, either in a comment below or by e-mail!

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