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Why are poor and middle class individuals afraid of investment?
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[QUOTE="Abigael, post: 216790, member: 25357"] It is very true that most low and middle class people are afraid of investing their money. A simple explanation is because their minds are used to the level of finances that they were brought up in. So naturally, they are used to being that way and find it hard to make changes. You know, making a new step is so hard and many people just choose to remain where they are. The rich people find it so easy to take investment risks. This is because they are used to such earning methods. They are also very knowledgeable on this since most families pass on investment knowledge to their children. It is important for low and middle income families to be aware of this. That it is normal to be afraid of trying something new. It is normal to feel awkward the first time you do something that you have never done before. That way, they can mould themselves well into the investment world which is great for their growth. [/QUOTE]
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Why are poor and middle class individuals afraid of investment?
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