| WealthBooster Magazine -- Issue #53 -- November 25, 2001
RECOGNIZING AND OVERCOMING DENIAL
Publisher: BigBooster7Million
Editor: Frederick Mann
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*****
RECOGNIZING AND OVERCOMING DENIAL
by Frederick Mann
Message (edited) from my archives:
*****
"Well - I am totally broke. X has wiped me out! I am now a member
of an investment group with no funds to invest.
But wait, I can hear the crowd scream, "It's your own fault. You
shouldn't have invested all your money. You know the risk. Don't
invest what you are not prepared to lose."
And that is fair enough!
But I invested what I did because X's programs came with a
guarantee, further endorsed by the group chairman. I trusted
the group chairman had done his homework on X.
I find it hard to believe that this could have happened. I thought
private investment groups protected their members from
unscrupulous individuals...
Hell, we may as well be taking our chances out in the open -
the same thing happens out there.
Everything I have set aside for investing is gone. I joined this
group because I thought my funds would be a little safer - and
that the founders and powers that be would have done their
homework...
Has anyone made a profit in this group?
It is going to be a very bleak Xmas in my house this year!
If you want to kick me out of the group, go ahead - I have
nothing left to invest anyway."
*****
When it comes to making money over the Internet (and
everywhere else), some people deceive themselves.
As an example, someone makes a million on the stock
market. He then writes a book about his "system." The
problem is that his "system" may have worked during a
particular period for a certain number of specific shares.
In other words, the "system" worked for a particular set
of data. The millionaire deceives himself into believing
that his "system" will work more generally.
Thousands of people may buy his book and use it as a
guide, but on average they make no more money than
they would have if they had used a dart board to select
their shares. The "system" is actually worthless and
only occasionally seems to "work" in the same way that
if a few thousand monkeys were to throw darts to select
shares, one might (at least briefly) become a Wall Street
Guru!
Of course, some people lose their money in the stock
market. (An offshore bank I have an account with stupidly
invested much of their assets on NASDAQ. When the
dotcom bubble burst, the bank went bankrupt. It looks
like I'll get about 25% of my account balance back.)
It's very easy to deceive yourself and deny the risk related
to whatever "vehicle" you're trying to make money with.
It's very easy to get a false sense of security and risk
more than you should on any specific "vehicle" or venture.
When you have initial success with any particular program,
it's very easy to get greedy and try to "make a killing" with
that program.
THERE ARE MANY MORE WAYS OF LOSING MONEY
THAN THERE ARE OF MAKING MONEY.
IT'S MUCH EASIER TO LOSE MONEY THAN IT IS TO
MAKE MONEY.
No wonder more than 90% of new businesses fail within
a few years.
If you've been trying to make money on the Internet for
some time without success, you might ask yourself,
"WHAT HAVE I BEEN DENYING?"
It could be that you haven't invested the study time to
acquire the necessary money skills
http://www.bigbooster.com/business_opportunities/money_skills.html
Maybe you've been making emotional rather than
rational decisions -- you've lacked emotional maturity
http://www.buildfreedom.com/tl/tl12.shtml
The author of the message I started this article with,
may have denied his own responsibility. He may not
know about "gambler's ruin" and risk management.
http://www.bigbooster.com/business_opportunities/money_skills.html
He also blames others for his poor decisions.
THE FUTURE ISN'T PERFECTLY PREDICTABLE.
A program that has been superb for months or even
years can suddenly fail -- without any warning signs.
A principal who has been honest for years can suddenly
decide to run with the money. An honest principal can
die and be replaced by someone who steals the money.
Banks can freeze accounts on false pretexts.
IN MANY CASES, THE PROBABILITY OF THINGS GOING
WRONG IS HIGHER THAN THE PROBABILITY THAT
THEY WILL GO RIGHT. (A variation of Murphy's law.)
*****
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*****
Some new programs have been added to our Private
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IT'S PRUDENT TO DIVERSIFY!
Some people fall in love and identify with their favorite
programs. When things start going wrong and warning
signals appear, they DENY them.
Program promoters can easily fall into this trap. They've
been making hundreds or thousands a month in referral
fees from a particular program. If they notice a warning
signal and issue an alert, their referral fees drop or dry
up.
Program owners (who may DENY even to themselves
that their programs are beginning to go wrong) usually
don't like it when a promoter issues an alert. They may
even kick the promoter out of the program, so she loses
her downline.
A promoter's subscribers may complain viciously if she
issues an alert, accusing her of sabotaging the program.
So there are strong pressures on promoters to DENY
that things might be going wrong with any particular
program.
BE PREPARED FOR THE POSSIBILITY THAT EVERY
"VEHICLE" YOU USE TO MAKE MONEY WITH WILL
FAIL SOONER OR LATER.
To deny this possibility -- as did the author of the
message at the beginning of this article apparently
did -- can be expensive and even devastating.
There's a great deal of information on our Private
Page http://www.bigbooster.com/plc and its links
on how to deal with risk.
The book 'States of Denial' by Stanley Cohen
http://www.amazon.com/exec/obidos/ASIN/0745623921/qid=1006641186/sr=1-4/ref=sr_1_11_4/107-4657584-2009307
has been recommended to me. I haven't read it
yet.
NEW GIDEON NETWORK
Despite minimal promotion on my part, my downline
in the new Gideon System is growing nicely. I already
have 93 on my first level, 16 on my second level, and
12 on my third level.
The New System is FREE and you can join with no
obligation! For more information, see
http://www.thegideonnetwork.com/refer.cfm?ID=10169
You can join directly at:
http://www.thegideonnetwork.com/newapp.cfm?ID=10169
I think the following back-end programs are particularly
worth joining. You can promote them all in one fell
swoop with the New Gideon System:
* Express Matrix
http://www.expressmatrix.com/members/bigbooster
* Go4Millions
http://go4millions.com/index.php?refid=38427
* Six Figure Income (SFI)
http://www.ezinfocenter.com/288043/FREE
(SFI has some major improvements in the pipeline,
expected to be implemented by the end of the year,
which are likely to make it much more profitable.)
* Total Promotion
http://totalpromotion.net/members/bigbooster
You can join the New Gideon System directly at:
http://www.thegideonnetwork.com/newapp.cfm?ID=10169
Most of the above programs use e-gold and/or
OSGold. You can set up a FREE e-gold account at
http://www.buildfreedom.com/e-gold.htm
and a FREE OSGold account at
http://www.osgold.com/index.php?id=10028667
For more information on e-gold and OSGold and
how to fund your accounts, send a blank email to
goldaccounts@InfoGeneratorPRO.com
*****
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*****
TESTIMONIALS APPRECIATED!
If any BB7M member has had some success with using BB7M
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*****
THE IMPORTANCE OF ANCHOR PROGRAMS
http://www.bigbooster.com/business_opportunities/anchors.html
*****
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