6 Out Of 10 Gen Z’ers Invest While Drunk: 5 Tips To Stop Impulse Investing

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According to a new study released this month, 6 in 10 Gen Z investors admit to trading while drunk! The authors of the MagnifyMoney study believe the easy investing Smartphone apps have contributed to Americans trading from anywhere (even, while inebriated).

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Stop Trading While Drunk

Tay Sweat-- an investor, trader and 8 figure stock market millionaire coach used to be 300 pounds, “It wasn’t until I got my mind right, that I got my finances right,” Sweat shares. “I started investing in the stock market because I wanted to be a vegan but couldn’t afford the food. Today, I have the ultimate financial freedom. I don’t drink alcohol and I don’t eat meat.” Here, Sweat, who made his stock market fortune as the Vegan Trainer, shares 5 tips to avoid risky, emotional investing:

  1. Ditch The Liquor

If you’re like me -- and focused on building an empire, alcohol doesn’t contribute anything positive. Certainly, trading under the influence is going to result in risky decisions. But, hungover trading can be just as risky.

  1. Consume Other Drinks

Avoiding alcohol doesn’t mean you have to drink water. Try other mood altering drinks to calm or stimulate your mind: Kombucha, Yerba Mate Tea and Coffee help me make smart trades I don’t regret.

  1. Eat Clean

You may think finances and food have nothing to do with each other -- but they do. Investing is about psychology, and so is overatting. Healthy food habits often contribute to healthy brokerage accounts. If you’re in control of your diet, you’re in control of your wallet.

  1. Delete Investing Apps & Use Your Computer

This new study indicates that investment tools on smartphones make it easy to whip out your phone on a Friday when your date heads to the restroom. Instead, delete your investing apps to avoid temptation. Make your trades and investments on your computer, during normal business hours.

  1. Exercise

We all know exercise reduces stress and anxiety -- two things you want to avoid while trading and investing. I try to workout every single day, this helps me trade with calmness and ease.

About Tay Sweat:

Tay Sweat— 8-figure business owner, Investor, Business Inventor, Author, millionaire and stock market trailblazer— was never supposed to be rich. In fact, the 32-year-old from East Nashville, Tennessee was arguably set up to fail in life. Growing up with a single mom on welfare, Sweat got his first job at a Grocery Fulfillment Center. But after losing that job, his home and his car— he knew something had to change.

That’s when Sweat, a regular guy with no background in finance, started tirelessly studying the stock market. He invested in a coach, read 1 book a week and saved 100% of his income until he could invest, starting with penny stocks. Today, a fantastic Monday afternoon for Sweat could mean $250,000 in a single day of stock profits, which prompted 1.5+ million followers on Social Media -- many wondering, how does Sweat do it? Sweat, recently featured in Black Press of America, Forbes etc. has proven that you do not need to grow up with money to have money, (or, a private island and jet). From plumbers to morticians, doctors and athletes, Sweat has mentored 6,000+ people in black and brown communities across the country. Since launching his business, Secure The Bag in 2020, his mentees have not only reached financial freedom, most are 5-7 figure earners despite their background or education).

Unapologetic and raw in his unique self-made teaching approach, Sweat combines timeless principles with a forward-thinking approach to help his clients shatter glass ceilings, often constructed by institutional racism and classism. Sweat has dedicated his life to using his skills and wealth of knowledge to improve people’s lives and help build stronger communities that can prosper for generations.