Charles Richards's The Psychology of Wealth: Understand Your Relationship with PDF

By Charles Richards

ISBN-10: 0071789308

ISBN-13: 9780071789301

The New York Times and Wall highway Journal bestseller!

"The Psychology of Wealth is a pertinent and complete review of the talents and frame of mind precious for achievement. Prosperity should be completed by way of a person, and Dr. Richards exhibits the way."

—Donald J. Trump

"What's on your head determines what's on your pockets. Dr. Richards grants the psychological hard-drive improve you want to ultimately in achieving the better prosperity and good fortune you desire."

—Darren Hardy, writer, SUCCESS magazine

"Dr. Richards shakes up our preconceptions approximately wealth through analyzing the mental features of the way we relate to funds. in case you comprehend the genuine resources of wealth on your existence, you'll locate it a lot more uncomplicated to accomplish a extra wealthy and chuffed life."

—Jordan E. Goodman, America's cash solutions guy at and writer of Master Your funds Type

"This may be essentially the most very important books you'll ever learn. when you think like your existence has been caught in neutral—or even worse, installed reverse—Dr. Richards will set you on a transparent route to success."

—Barnet Bain, manufacturer, What desires may well Come

About the Book:

Why perform a little humans consider a perpetual kingdom of lack and worry approximately cash, whereas others suppose really wealthy, whatever the measurement in their financial institution debts? Why perform a little humans shudder with dread by way of atmosphere monetary targets, whereas others include it with enthusiasm and confidence?

What makes the variation? may it's of their dating with funds itself?

People who take pleasure in a fit courting with cash percentage universal behavior and characteristics. So, how do they suspect, and what do they do in a different way? Are those behaviors hardwired in an individual's psyche, or can they be learned?

In this provocative e-book, psychotherapist Dr. Charles Richards offers unforeseen and inspiring solutions to those questions. in keeping with his examine and specialist interviews, Dr. Richards indicates how each one people can improve a thriving dating with funds and create a wealthy and lucrative life.

A t the book's middle are the tales of people that have confronted adversity with braveness and created notable lives. Their accounts—along with Dr. Richards' interviews with finance professors, legislators, marketers, and experts of success—pave a route to a brighter destiny for us all.

Today we are living in a attempting fiscal setting. each day, well known monetary advisors exhort us to hunker down, play it secure, and guard ourselves from an doubtful destiny. To the voices who advertise worry and doubt, Dr. Richards solutions with stability, knowledge, and optimism.

The Psychology of Wealth is for someone attracted to succeeding in my view or professionally, and in attaining precise prosperity. It deals golden steps at the route to a greater existence.

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Extra info for The Psychology of Wealth: Understand Your Relationship with Money and Achieve Prosperity

Sample text

I bought on the breakout from the flag, or earlier, and price stopped me out. Do not let that happen to you. Never buy a stock showing an HTF until price closes above the top of the chart pattern. Returning to the numbers, I found that half the HTFs failed to rise more than 19 percent after the breakout, and 18 percent failed to rise at least 5 percent. Sixty-two percent of the HTFs failed to cover the stop loss (meaning they climbed less than 27 percent). In other words, you can make a lot of money trading HTFs, but the road to riches is a bumpy one.

4. If price closes below point 3, then the trend has changed from up to down. I show the line as the sell line. For downtrends, reverse the setup. 1. Find the lowest recent low in a series of lower lows and lower highs (a downtrend). 5 as point 4. 2. Look to the left of point 4 and find the prior high that is equal to or higher than point 4. The high on that day is point 5. 3. Look for the next price bar to the left of point 5 that is equal to or higher than point 5. I show that as point 6. 4. If price closes above the high at point 6, then the trend is said to have changed from down to up.

1 shows an example of this. The HTF begins at A and climbs to B, which is the top of the flagpole. Then it forms a tight flag, to C (in the shape of a pennant chart pattern). Price drops out of the pennant and drops to D, below the low price posted in the flag portion of the HTF. Price moves horizontally before finally making a drive higher, rising just 17 percent above the top at B and then declining almost 35 percent to F. • If price forms congestion regions and pauses during formation of the flagpole, there is a good change it will wobble after the breakout.

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The Psychology of Wealth: Understand Your Relationship with Money and Achieve Prosperity by Charles Richards

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