#41 Wealth Psychology: Mindset Over Money
Welcome to your monthly dose of financial fun! This month, we're diving into the deep end of the options trading pool (and recounting my splash-and-sink moment with a stock.
We'll also tackle the 'Mindset Over Money' magic, pit YouTube against TikTok for the monetization crown, hunt for the world's best real estate deals, and figure out what Think and Grow Rich has to say about our bank accounts.
Plus, get ready for a bizarre inheritance story involving a $12 million dog. Spoiler alert: It wasn't my dog, but trust me, his drama was better than mine!
The TIGR That Wouldn't Pounce
This TIGR stock story is one that highlights my early blunders and ignorance when I first started options trading.
Back then, I mostly sold puts without exploring other strategies or putting much effort into researching the companies.
One of the stocks I was assigned in those early days was TIGR — a stock that doesn’t even pay dividends.
When I was assigned 300 shares at $17.50 a few years ago, I was thrilled when the price hit $27 and sold 100 shares to lock in some profits.
But being greedy, I waited for it to reach $30 before selling the rest. Instead, it plummeted to $3.39 at one point.
After a few years, I finally managed to sell my shares at an overall profit of $3,402.20.
Spread over four years, that’s basically around $850 per year — a painfully slow lesson in patience and risk management.
A few key takeaways from this experience:
1️⃣ Know your stocks. Research before trading options on a company. If you don’t understand it, you might get assigned shares and end up holding them for the long haul.
2️⃣ Don’t be greedy. Once your profit target is hit, take profits. There’s no crystal ball — waiting for “more” can backfire, and you don’t want to miss out on gains you already have.
3️⃣ Only risk money you can afford to tie up. If you’re trading options with a long-term perspective, make sure it’s money you don’t need for essential expenses.
I was fortunate to hold on to TIGR for so long, but how many of us have four years to slowly earn $850/year?
I hope these takeaways help you — whether you’re about to step into options trading or have been trading for some time. Greed can trip up even the most seasoned traders.
Super Investor Club gives you live webinars, hands-on guidance, and simple tools—so you can skip confusion and start building real wealth and financial freedom with confidence.
Mindset Over Money: The Psychological Path to Financial Freedom
🧠 Transform your money mindset step by step. From shifting scarcity thinking to building disciplined financial habits, this guide shows how your mindset can become your most powerful wealth-building asset.
Paying Social Media Jobs vs. Traditional Work From Home Jobs
💻 We break down the battlefield of remote work paychecks: comparing the wild, trend-driven salaries of social media content jobs to the steady, stable pay of traditional work-from-home gigs.
Real-Life Case Studies: Successful Options Trades
📈 Get a peek at real-life, successful options trades (straddles, strangles, and more!) to see the techniques used by pros—because we all need a little less theory and more proven action.
YouTube and TikTok: Which platform pays more in 2025?
💸 It’s the ultimate video platform battle! Find out which app offers the better earning potential in 2025, whether you’re chasing quick virality or building a long-term, sustainable audience.
The 10 Best Places in the World to Buy Real Estate in 2025
🏡 Dreaming of a vacation home or a lucrative rental investment abroad? Check out the best global real estate markets poised for growth and high returns next year.
Alternative Investing Report : Insights, news, and trends in private market investing, sent to you every morning. Art, Collectibles, Crypto, Real Estate, Venture and more.
📚 THINK AND GROW RICH
A classic from the Great Depression, proving that the best financial advice is timeless—even if the original edition probably cost about 15 cents. It’s less about market timing and more about mind control.
🎯 The Big Idea: Every great fortune begins as a thought. You must cultivate an intense, 'burning desire' for wealth, commit it to a definite plan, and then stick with that plan with relentless persistence.
💡 Why It Matters: Most people fail because they quit. This book hammers home that financial success is a psychological game: you need to conquer procrastination and indecision before you conquer the stock market.
🚀 Action Step: Write down a specific, numeric wealth goal, set a firm date for achieving it, and list exactly what you intend to give in return for it. Read this statement out loud twice a day.
🔥 Hot Take: The "Master Mind" concept is basically just a fancy way of saying, "Stop hanging out with people who complain about money and find friends who actually make it."
Millionaire Dog Trouble: The Story of Estate Planning Gone Wrong
While it may seem fun, leaving huge fortunes to pets often invites legal challenges from family, which can result in your estate's wishes being overturned or significantly altered.
To ensure your wealth is distributed as intended, use a clear, professional estate plan and consider your heirs' likely emotional and legal reactions to your choices.
After seeing both the successes and failures of others (myself included!), I realised one thing: the information is everywhere, but the wisdom isn't.
My mission in creating this newsletter is to be the friendly voice that helps turn complex financial information into actionable, real-life wisdom you can actually use without falling asleep.
Take that little spark of an idea from the newsletter today and make a decisive move. Just please, make sure you know what a dividend is before you start selling options.
P.S. Some links in here are affiliate links for tools and wealth-building products I personally use and love. If you snag something through one of them, you'd score a sweet deal and I'd get a perk—at no extra cost to you. Thanks for helping to keep the potpourri fresh!🍃