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RE: Retire a Millionaire!
”Most don't know how to handle debt, they are fearful to invest in anything.”
I love the statement.
People give more value to money they've earned as opposed to credit they have not. So they hold cash, but spend credit.
And humans are very corporeal in how they view value. That is why we buy physical things. Something that we can touch and hold. House, car, food, etc… That is why crypto is a tough sell for some people, it isn't physical (even though most fiat transactions are not either).
And people tying up their cash in investments that they shouldn’t access for decades is tough also. For one, they can't physically touch Investments, and two, they can't immediately access that money to buy physical things.
@fijimermaid, You have given me something to think about... It is true, the human being is still very corporeal, he needs to touch, to see, to be able to somehow make it tangible.
Although less and less, it is also a reality, we have gradually adapted to the digital, but there is still a large part of the world's population that does not. But on the economic level it is another thing, people need to feel that they have control, access to their money, they also value it too much, I think that is a determinant in the fact that people can dare to let go of money to let it flow and reproduce.
It is a good topic... Thank you, I had never thought about it or seen it that way.