WHY PEOPLE LOSE OF MONEY?

WHY PEOPLE LOSE MONEY?

One of the greatest reason why people lose their hard-earned money is because of IGNORANCE.

FINANCIAL IGNORANCE is not only EXPENSIVE but also PAINFUL.

This is what separates BEGINNERS from SEASONED INVESTORS.

BEGINNERS use only their passion and very immature to invest all their hard-earned money without understanding what they are getting into.

BEGINNERS use their heart to invest instead using common sense.

BEGINNERS usually follows the crowd and what the majority says. This is what they call as the "Band Wagon Effect."

While SEASONED INVESTORS use their know how and their experience in investment.

SEASONED INVESTORS uses a lot of common sense and very simple minded when it comes to choosing their investment.

A mentor of mine once said,"Once it becomes too complicated for you, it is not for you."

SEASONED INVESTORS do not follow what the majority say but they follow what the market says. They know how to read the hand writing on the wall before it even happens.

That is the reason why next time, before you invest, make sure you follow what the SEASONED INVESTORS are doing.

If you want to know what are the questions you must ask yourself before making any investment.