When money hurts us. Many people burn their fingers chasing large profits and believe companies and 'advisors'/advisors promising us loads of money for our 50c investments.
We crave quick money - which is what they promise.
And then they don't deliver.
We get hurt.
We react by placing all our money safely in cash or equivalents - 32-day notice accounts, money market accounts, etc.
And then they don't deliver.
We get hurt.
We react by placing all our money safely in cash or equivalents - 32-day notice accounts, money market accounts, etc.
We then miss out on compounded growth of the stock market, property, business, nyaope, gold, bonds etc.
We need to condition ourselves and get over our hurting money. This is easier said than done.
We need to condition ourselves and get over our hurting money. This is easier said than done.
But we need to learn to trust again - and learn about how things work.
We need to understand what we invest in.
We need to know how to calculate returns vs risk.
We need to learn how to spot a scam and a Ponzi scheme.
Happy investing!
We need to understand what we invest in.
We need to know how to calculate returns vs risk.
We need to learn how to spot a scam and a Ponzi scheme.
Happy investing!
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