As an exercise I will post each day one of Dale Carnegie’s How to Stop Worrying and Start Living rules. This book was written in the 30s and is still of great popularity. The book offers a set of practical formulas to help overcome worry which are said to last a lifetime.
Hope you’ll enjoy it and get some worry less enlightenment.
Rule #10 Put a “Stop-Loss” order on your worries
Have you ever traded shares using a stop-loss order? It is a method to place an order with a broker to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit an investor’s loss. For example setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%.
Why can’t we apply these principles to our emotions?
Whenever we are tempted to throw good money after bad in terms of human living, let’s stop and ask ourselves these three questions:
- How much does this thing I am worrying about really matter to me?
- At what point shall I set a “stop-loss” order on this worry…and forget it?
- Exactly how much shall I pay for this whistle? Have I already paid more than it is worth?