Etini
Valued Contributor
A survival mindset is a belief system that sponsors a person to make financial decisions and moves based only for the sake of the surviving, meeting basic needs and just going by. From social research, it has been found that a survival mindset affects the ability of an individual to make personal wealth. Here is the dangers of survival mentality to wealth creation.
1) A person working with survival mentality would only save leftovers from expenses and that's irregular and unstable.
2) A person with just a survival mindset would be unwilling to take financial risks to invest on what doesn't look like would give them short term benefits.
3) They can't even start a business to diversify their income if they are employees or create new businesses if they are business people already because they are so scared of losses.
1) A person working with survival mentality would only save leftovers from expenses and that's irregular and unstable.
2) A person with just a survival mindset would be unwilling to take financial risks to invest on what doesn't look like would give them short term benefits.
3) They can't even start a business to diversify their income if they are employees or create new businesses if they are business people already because they are so scared of losses.