Mostly people don't know the idea of diversification because they have no financial knowledge which starts from the home and they are from poor families as there are many poor people in our society and they are spreading negativity about the money and investment. Rich people always try to earn money from different resources and investment because they have mindset of rich people and these kind of people could not be poor at any time when any unexpected situation happens. People have to work on their knowledge to do investment on different platforms which is not an easy task .Diversification is best topic for the people who want to become a wealthy person of their family but at the same time, that is not easy.
And financial knowledge is good in the sense that when you are financially smart, you will be able to take advantage of many opportunities, because the best thing that can happen is for you to know how to make use of your resources. I don't think the issue of money has to do with status but with personality. Because we all have our individual differences, people who have an interest in investing will do the needful. Because when we have foresight, then we are going to look into it, because the best way to fight inflation is to invest.
And some people getting rich are getting rich because they are always taking the risk, and this is why I don't even risk it as a big deal, so we need to do everything in our power to take risks, and if it fails, then it fails because that is one of the challenges. and what has kept people in the same place they are, so there is more benefit in taking risks.