Dealing With A Serious Problem In Your Finance Career? Begin Today To Channel Your Worries Into Positive, Bold Actions!

It can sound paradoxical.

But successful people are successful — not because of their wins — but because they have had considerable setbacks in their early careers, business or personal lives.

Coping with setbacks in your early finance career while being upbeat is a skill you can learn,?and I’ll show you how to channel your negative emotions into positive, bold actions!

“Success is not built on success. It’s built on failure. It’s built on frustration. Sometimes it’s built on catastrophe.” —Sumner Redstone, Businessman and Billionaire.

Can you — for a moment — imagine becoming a?more?confident, motivated and resilient person?after:

• failing to be promoted
• receiving a poor bonus
• losing big in a bad trade
• landing into the wrong job

Unfortunately, when dealing with such serious problems, the default reaction is to get even more sad, fearful, regretful or frustrated.

That only compounds the problem further, creating a downward spiral of emotions and wrong decisions.

Our amygdala brain is taking over, preventing us from reframing our thinking and making the right decisions.

The top 4 reasons why people struggle to channel their negative emotions into positive, bold actions are:

• REPRESS EMOTIONS: they try to repress their negative emotions instead of acknowledging it
• DOUBLE-DOWN EFFORTS: they try to double down their efforts while being emotional hijacked
• PASSIVE POSITIVE THINKING: they assume that “good things will eventually happen” without taking bold action
• JUMP INTO ACTION TOO EARLY: they try to take bold actions without first reframing their thinking and gaining new perspectives

Fortunately, there is a process that you can implement to overcome all such traps, break the cycle and gain back your self-confidence and motivation!

Here’s how step-by-step.

STEP ONE: MAKE PEACE WITH YOUR NEGATIVE EMOTIONS

First, we need to pinpoint the?exact?negative emotion blocking your progress — is it sadness, frustration, or anger?

Or something else?

Without fully acknowledging it, a negative emotion will unconsciously act as friction in your day-to-day life.

You can push yourself harder, but your efforts will lead to more anxiety or frustration, making you feel even worse.

It’s never a good idea to try to win a race by pressing the accelerator harder while keeping the brake pedal.

But that’s precisely what you’ll be doing if you don’t acknowledge your negative emotion and instead try to repress it.

So, acknowledge and accept your sadness, frustration, anger or regret.

Make peace with yourself!

STEP TWO: REFRAME YOUR THINKING TO CREATE NEW OPPORTUNITIES

Ray Dalio is a well-known entrepreneur and founder of the hedge fund Bridgewater. He’s also the author of the book “Principles”.

What probably is less known is that his success was primarily shaped not by his triumphs but by his early-career failures.

“My attitude about mistakes changed a lot. I began to think of them as puzzles. That if I could solve it, I would get a gem in the puzzle; what I would do differently in the future so that I don’t have that terrible experience again. The gem would be a principle, and that’s when I started to write them down those Principles.”

He used his failures to develop life-learning principles, guiding his life and business success.

Contrast that with most people’s default attitude of ruminating on their problems, increasing their negativity.

Not only is that a self-defeating attitude, but it also prevents negative emotions from being channelled into our creativity.

For example, once frustration is acknowledged for what it is, it can be an?excellent?motivator to uncover new opportunities, moving us closer to our goals.

“When we’re frustrated, we reject the status quo, question the way things have always been done, and search for new and improved methods.” —Adam Grant.

STEP THREE: MAKE SMART DECISIONS IMPLEMENTED WITH BOLD ACTIONS

Can you imagine anything more powerful than the ability to turn your negative emotions into positive, bold actions?

As you start to pinpoint your negative emotion exactly, accept it for what it is, and make peace with yourself, you defeat your amygdala brain and move your thinking into your rational brain.

In this final step, you will make decisions based on that new perspective of life and take positive actions towards your fulfilment.

Your commitment to it will be proportional to the psychological pain you have acknowledged and accepted.

Think this way: according to the well-known behavioural economics study by Kahneman & Tversky, the psychological pain of losing is about twice as powerful as the pleasure of winning.

But if that is so, then use your negative emotions to?double down?on your commitment to winning!

Learning this process will help you become a mentally stronger and more creative person than ever before.

You’ll literally gain a superpower that allows you to move closer to your dreams!

“I found that most of the extraordinarily successful people I’ve met had similar big, painful failures that taught them the lessons that ultimately helped them succeed” —Ray Dalio

Nuno Reis

I am a High-Performance Coach.

I support finance practitioners to thrive in a world of uncertainty by developing a mindset that boosts their decision-making and performance.

Disclaimer:?This newsletter is not financial or investment advice. It intends to be a psychological, philosophical, and systemic approach to elevate the consciousness levels in the finance & tech industries. The writing of this article wants to be gender-neutral.

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