Hi my name is Lewis Howes and welcome to the Daily Motivation Show.

When times are good you need to spend your time being learning, get educated, and believe

your strategy because if we just start switching your strategy in the middle of times,

you are going to be the one paying the price.

The stock market is a place that transfers money from the patient to the

impatient and so if you are impatient because you're like oh things are going wrong

temporarily and you sell

what happens? Someone else can pick up your investment at a discounted price.

So that's the first thing that you have to understand. You have to understand the

strategy and be willing to stick with it and make sure that it's been time tested.

History doesn't repeat itself but it rhymes and you can see the success of certain

strategies through previous downward cycles.

Downward cycles happen. It's a fact.

Every 8 to 12 years we see some sort of economic slowdown.

We see some sort of market crash. This is nothing new. This is why for successful investors,

they love recessions. They love market crashes because it gives them an opportunity to

come and buy. It's like Black Friday, right for investors.

So the first thing you have to understand is that. But then on the flip side,

you know, you talk about the actual emotions. I'll tell you it was difficult. I had very high expectations on me to go out and become a professional. I became an attorney because essentially the conversation was if you do not become a doctor

then you're going to lose all pride in the family and so at least become an attorney

you know it was tough and I you know for me I was like okay well I can go to law school

part-time which means I can

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