Ramit Sethi on why admitting financial losses is so hard: shame hits especially young men, who are told losing money is easy. Most people avoid facing their mistakes and prefer moving forward. Real growth means accepting your own choices and stopping the blame.
This actually takes a lot of courage because it is deeply shameful to lose money, especially as a young man when everything you see online effectively tells you this isn't that hard. When I talk to people who have lost money through gambling or other poor financial decisions, the hardest part for them is to truly grapple with what they've done. It's often much easier to just keep going because if you stop, you have to look in the mirror and say like, here are all the decisions I made and there's nobody else that I can assign blame to except myself.
