A Recap of Our August Money Pajama Party

By Lin Nguyen

“Personal qualities that don’t serve you in one area of life may serve you in the area of investing.”

The Commusity wrapped up August with our monthly Money Pajama Party! During these events, members are encouraged to reflect on what they’ve learned each month, build connections within the Commusity, and level-up their financial competence.

Members had a candid conversation about their strengths as investors. A few helpful qualities that members listed include their curiosity, open-mindedness, and competitiveness. Some members mentioned their high risk tolerance that allowed them to reap high rewards, whereas other members cited their low risk tolerance as motivation to do more extensive research into their investments. For one member, she described her struggles with anxiety and how she uses that anxiety to fuel more extensive investing research. 

Stephanie wrapped up the topic of investing strengths with some takeaways. Opposite characteristics like high risk tolerance or low risk tolerance can both be beneficial, and personal qualities that don’t serve you in one area of life may serve you in the area of investing.

Listening to this conversation, I was amazed at how open everyone was. The huge diversity of their answers helped me realize any characteristic can be reframed so that instead of holding us back, it can push us forward. Whether it’s trusting your gut instinct or not listening to your fears, it’s all about knowing yourself and leveraging your personal attributes to create a financial portfolio that’s right for you. 

Afterwards, members moved on to share their ideal investing phase in small groups. They discussed their current investing phase and their goals for getting to their ideal phase. After talking about these goals and a look back on August’s book of the month, The Broke Millennial Takes On Investing, the Commusity finished off with the “Start, Stop, Keep” activity.

Start: What habit do you want to start doing to reach your ideal money phase?

Stop: What behavior should you stop doing?

Keep: What is one ongoing practice that you want to keep doing?

The exercise helped everyone reflect on the lessons learned this month and implement them into their lives. With those goals in mind, Stephanie said “until next time!” to the Commusity by hyping them up for next month’s guest speaker, a female powerhouse based in Seattle and retiring at the age of 30!

Interested in learning more about investing? Look into Stephanie's Strategy Sessions and read about the difference between Trading Versus Investing.