Quote from: AVE5 on September 08, 2024, 01:41:29 PM

Quote from: aioc on September 05, 2024, 03:55:16 PM

One of the problem of rich and wealthy people is they want more; they have a hard time moderating their greed; its part of being a human not to be content of what they want in life, they keep investing; they keep keep growing their investment because they want to be on top because they want to enjoy what luxury can bring in this life and many rich people suffers from healh problems because of over indulgence.

We can also say that reason why the richer invests to get richer might not really been on the consent of greedy but with the fear of getting broke.
Loosing unrecoverable net worthare usually cases of settling for less such as being contented or the fear of bearing further after which one was lucky to had acquired wealths.
Also knowing that stacking huge amount of savings with no potentials to yield incomes would depreciate gradually untile one goes poor and could even not be able to afford average living anymore after much living a luxury life.
Not funny to say but the fact is that being poor is like hell compared to riches which feels like heaven.

We think it is very unreasonable when someone runs their investment with greed because with greed of course it will be difficult to run investments properly and correctly and if someone wants to run their investment because of fear of going bankrupt of course they must run their investment properly and not make the slightest mistake that will make them experience losses in investing.

When someone is satisfied with what they have got, of course they still have to update their investment knowledge so that they can easily understand all the updates, as well as their fears they must be able to fight their worries by continuing to increase their knowledge because without the right knowledge it is very unlikely that someone will dare to take the opportunities in front of them so that they miss the opportunity to achieve better than what they have got.

You are right, when someone continues to choose to save without getting any results from their savings, this will certainly be very detrimental to them and not to mention they choose to live in luxury, then the savings they have will certainly not last long and it is very likely that they will spend their savings easily, so it is better for them to try to invest with the savings they have to be able to have additional income.