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Why Most People Don't Invest (Even Though They KNOW They Should)

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Welcome to another eye-opening episode of the Building Your Money Machine Show. Today, we're tackling a crucial topic: Why Most People Don't Invest (Even Though They KNOW They Should). This episode is all about addressing the fears, misconceptions, and barriers that hold so many back from taking the plunge into investing, even when they understand its importance.Let’s dive into the psychological barriers around investing. Fear ranks high on the list—fear of losing money and the misconception that investing is akin to gambling. But unlike gambling, investing involves calculated, strategic risks, and history shows that long-term investments typically succeed.Then there’s the lack of knowledge. The financial world is flooded with jargon and complexity, making many feel overwhelmed. You don’t need to be an expert to start; you just need to start.I also discuss the challenge of instant gratification. Many avoid investing because it means delaying rewards. But don’t worry; your financial plan can—and shou