In churning, there are times in which miles are locked, cash is frozen, stock market trades are blocked, ACHs are held, sports books aren’t paying, and a dozen other circumstances get in your way, all of which mean you’re not able to:
- Earn interest on your money
- Make stock trades when it’s advantageous
- Book award tickets when availability pops
It’s easy to look back on those lost opportunities and dwell on the financial loss, and psychologically speaking a small loss hurts more than a big win feels good. My best advice for dealing with those losses is to learn from them, but don’t dwell on them. After you’ve examined them and figured out what you could do differently in the future, start looking forward.
Have a nice day friends!
Lessons apply to cities too.