Everyone knows the importance of investing yet many still do not bother to take action. They seem perfectly happy letting their money rot in the bank, and letting it get eaten away by inflation. The sad thing is after 20-30 years later, they look back and realise they don’t have enough money to retire. They will then proceed to blame the government, blame the economy, blame their circumstances or blame their bad luck. Some people may belong to an older generation who did not have the opportunity to learn about investing. That, I can understand. Some may also be so risk-adverse that they refuse to invest. That mindset I feel, can be changed with some education and acceptance of risk.
Anyway, let me list out some lousy reasons people give to explain why they don’t invest.
