During the period of time after I got my scholarship, I had intense feelings towards investing. I wanted to invest in the right time and would time the market. On hindsight that wasn't a very healthy outlook towards investing and money. With the 10k goal, while it pushed me to be more financially prudent, it also caused a lot of anxiety with regards to investing and spending.
I was anxiously waiting for the scholarship money, waiting to invest. When the emotions are strong, this is why I shouldn't invest because I would make rash decisions. There was no logical decision as to why I should buy into an investing instrument. I just had blind faith, hoping it would pay money over the long run.
When I have strong emotions, I think what I should do is to not touch that money, and put it in a high interest savings account. Of course while I thought of consulting people who were good with money, I didn't feel comfortable approaching my parents for help, and they discouraged me from investing in the stock market too. My friends weren't that prudent with investing either.
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