When we think of emotions that can be dangerous, particularly for managing money and investing, we usually think of things like greed and fear. But there are other emotions that can get us into big trouble. Including hope.
But there’s a way to manage hope so that we’re able to have our dreams for the future, and then make them happen in the real world – if that’s possible.
Greed is a kind of hunger for things in themselves, disconnected from any genuine well-being, and regardless of the consequences. Fear speaks to the need for security – including that deep primal need for survival we talked about an earlier column.
Hope speaks to wishes for potential future flourishing.
A significant portion of our psyche leans toward the future. Our self-concept holds an evolving image of the person we want to be – always a bit better than we are now. Hope is the emotion that draws us toward that image, and the vision of the life we want to lead.
Hope lies at the heart of our aspirations and ambitions; our dreams and wishes. It fuels us to strive for goals and achievements.
It can also lead us to wish for things we cannot have, aspire to achievements we cannot reach, and fantasize dreams that we cannot fulfill.
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