First let us define if what does it mean when we say investment.
Investment is an asset that we own or a money that is in the bank / trading / stocks where we know that in the future, this will helps us financially in the future.
Stated below are some reasons why people do not want to invest:
Low Income
The money that they are earning is just enough to fulfill their daily needs, in other words, they have no extra money and sometimes their daily average salary is still not enough that they still have the need to borrow money from other people to support their daily needs.
Debts
Of course, if a person has debts, how can he / she invest? Most especially when a person has a lot of debts, he / she do not have the capacity to save money, everything of his / her salary will only go to the payment of his / her debts and also for his / her everyday needs.
Needs vs. Wants
Some people will rather choose first their wants over their needs. Their wants are more important than their needs. They buy something that is not really imporant, and just a waste of money.
Fear of losing money / Afraid of taking risks
Almost everyone has fears when it comes of losing money because nowadays, there are lots of scamers out there and it is really difficult to say if the investment is legit or a scam, that is why it is really difficult to trust someone most especially if money matters are involve.
In everything that we do, risk is always there, we can only avoid what we fear when we take a little extra care. Know your risk management. If you are a risk taker, you can invest in crypto currencies because we know for a fact that in crypto, the market is really very volatile. But if you are a conservative one, you can invest in stocks or you can also trade in forex. All investments has risks, and always remember that invest only what you are not afraid to lose.
Wrong Idea about Investing
Some people's mindset are investing is only for the rich persons because they are the only one who can really afford it but I guess, people who has problems when it comes to finances should be the first one to invest because investing can really change your life.
Lack of patience
There are people who really has money but what they want is an instant boom in their investment. They want a 100% or more return on investment in their investment in just a small span of time. If an investment has that kind of offer, think clearly because if it is too good to be true, there are high chances that it is a scam.
Investing is all about waiting. Just like when you plant a seed, there will be still no fruits the moment you planted it rather you will srill need to wait for it. But we have to keep in mind that once it will have fruits, it will consistently produce fruits. It really takes a lot of time.
What you plant now, you will harvest it in the right perfect timing.
Lack of Knowledge
Since talking about money is not really being taught in school, people are financially illetirate because in shool they will not really teach you on how to make money not unless in your college days and your course falls under business administration. People who do not know about this will not really believe about investments will make money for them.
*For those who have investments now, whether how small or big your income to this, I am pretty sure that your future self will bw thankful for you in engaging into investing.
And for those who still have no investments but is now adulting, this is the best time for you to think about when will you start investing? Educate yourself about investments.
I, myself has already have investment, I have a life insurance and at the same time I have investment there, we usually call this as VUL Investment. I started this last year, it is payable for 10 yeaes and I still have 9 years to pay for it. Aside from that, I also have a passive income and it is called "copy trading". I am earning every Mondays to Fridays since the platform is closed every Saturdays and Sundays. And right now, I am already thanking myself for investing and will surely be more grateful in the future when I am already harvesting my fruits of investments.
Plagiarism test:
This was me before when I do not have enough knowledge about investing. And I even thought it was a scam. Good thing I got to meet my amazing financial advisor and start investing at a young age. The younger, the better.