In the case of lottery winners they do not feel that they are worth say $50,000,000 and tend then to subconsciously take steps to bring their wealth back into alignment with their own feelings of self worth. If our income/capital levels fall below what we think we are worth we take positive actions to get back above that minimum floor level (take on a new or second job, work overtime, start a business etc) and if our income/capital levels rise too quickly and far above what we think we are worth as a maximum, our ceiling level, strange as it may seem, we often take self destructive negative actions in a subconscious to fall back into our comfort zone. When our actual wealth or income is broadly between these two levels we are generally content and happy and seek to remain in this “comfort zone” or “rut”. The floor is the minimum amount we think that we are worth and the ceiling is the maximum amount. One common contributing factor for this tendency is our psychological ceiling and floor. Statistics from the FPB show that around 30% of lottery winners lose all their money within five years. One area, for instance, is the study of what happens to big lottery winners when they suddenly acquire great wealth.
There has been much research on this subject. I suppose you could say that we then seek to get a better balance in our lives or seek to achieve self actualisation as Maslow put it. Once we have satisfied those financial desires we tend to spend more of our time pursuing other goals rather than simply acquiring more money. These in turn are a product of many things such as our upbringing, beliefs, values, family pressures, financial desires and so forth. This is known as the personal psychological ceiling and is inextricably linked to our own feelings of self worth, self esteem and self concept. They want more money but are generally not prepared to do more to make it happen. Most people find an income and capital level that they are reasonably happy and content with and then stay there. Personal psychological ceiling / self worth levels. One reason lays deep within each of us and is known as our personal psychological ceiling. However ….these people are of course the David Beckham’s of the trading world and whilst in theory it is possible for you or I to replicate those results in practice it is highly unlikely. Profits made in any single year can be well in excess of $100 million. From time to time Forbes and various other publications publish lists of the most successful traders. There certainly is no absolute upper limit to earnings.
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