Home > Personal Finance > Personal Finance (Other)
Created on: March 13, 2010 Last Updated: March 16, 2010
The answer to why people lose money so easily is a question that has a multiplicity of answers waiting. It could be irresponsibility, but that is the easy answer. There are forces and systems at work in society that contribute to financial loss, so we need to delve deeper. We tend to overlook the role society plays.
Money is one of those things we all have in common. It is not difficult to find ways to make it. It is difficult to acquire financial stability or wealth. A child sets up a lemonade stand and makes money. A homeless man or woman with a grocery cart and a few purchases from a wholesale house can make money. Pan handlers stand on street corners and make money. It requires no formal education or special training.
Has your pocket ever been picked on a subway or purse snatched in broad daylight? Have you been the victim of Identity Theft? Lose money trading on Wall Street? Of course we would hope none of these things happen to anyone. The point is, from the examples above we see how easy it is to both make money and lose it.
Millions of college graduates with impressive degrees and knowledge have entered into their particular fields and made quite a bit of money. Yet, we have observed the increasing numbers who leave colleges and universities already in the throes of financial loss through government loans, banks and being lured into credit card debt.
To acquire a balanced understanding as to why we lose money so easily, observation of underlying causes must be kept in view. The way society is setup contributes to financial loss. When was the last time you observed a billboard sign promoting the value of saving money? We pick up a magazine and find advertising bundled among the articles. Everything is based on the architecture of consumption.
Higher education prepares us for better jobs, professions and careers. It can equip us with all the knowledge contained in the prestigious classrooms of learning across the world. What they cannot do is teach the wisdom and mechanics of managing money well, once we venture out into the world. Knowledge is a foundation but the tools to avoid financial loss are sustaining. We are generally more equipped to earn, spend and desire more.
We may be counseled by financial experts to manage debt rather than eradicate it. We
Below are the top articles rated and ranked by Helium members on:
Why do people lose their money so easily?
The reasons why people lose their money are as varied and diverse as the individuals themselves. Yet, there are many common
Everywhere we turn, we see stories of people losing their money. Maybe they were scammed by a work-from-home scheme. Maybe
The answer to why people lose money so easily is a question that has a multiplicity of answers waiting. It could be irresponsibility,
In today's world many people are making more money due to increased wages but have less money at the same time. People lose
Fear is the biggest reason why people lose their money so easily today. The is fear manifests in three forms the consumer's
View All Articles on: Why do people lose their money so easily?
Helium Debate
Cast your vote!
Money or goods: What is more effective when donating to charities?
Click for your side.
Featured Partner
Single Global Currency Association
The Single Global Currency Association seeks the implementation of a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union, by the year 2024. The Single Global Currency will save the world hundreds...more