Bookwormlux
Valued Contributor
Investing one's money is a good way to make money as this would help you make good Profits from the capital invested, provided you are able to do what is expected and not rely on others to guide you.
I have observed that so many poor and middle class people do not ever think about the need to invest their money in profitable schemes like real estate, stocks and the likes. They seem to focus more on saving money in banks as they often believe that investing is a risky thing that could yield to losses. This mentality makes them to not take the bold step of investing at all .
Contrarily, the wealthy ones are never afraid of investing as they already have enough information about what ever they have in mind to invest in. This sense of confidence helps them to succeed.
Why do you think the poor and middle class individuals get scared whenever investment is mentioned?
I have observed that so many poor and middle class people do not ever think about the need to invest their money in profitable schemes like real estate, stocks and the likes. They seem to focus more on saving money in banks as they often believe that investing is a risky thing that could yield to losses. This mentality makes them to not take the bold step of investing at all .
Contrarily, the wealthy ones are never afraid of investing as they already have enough information about what ever they have in mind to invest in. This sense of confidence helps them to succeed.
Why do you think the poor and middle class individuals get scared whenever investment is mentioned?