The second problem is that you have money that you want to invest, and there is a range of products that you can choose from. It’s not immediately clear which option deserves Â your money and you need to do a lot of research to get to the right decision.
The good news is that the information that you need to evaluate these options is freely available on the internet, and more importantly, you have the inclination and smarts to access this information, patience to go through it, evaluate it and take a well informed decision.
The bad news is that all this is hard work, and you need to spend hours to make the right decision. Unfortunately, most people don’t like spending hours doing this type of research and end up making bad decisions.
The third problem is that you have money that you want to invest, and there is a range of products you can choose from, but unfortunately you don’t have access to the information you need to evaluate these options. You don’t have anyone financially savvy in your circle who can advise you on these things, perhaps you don’t have access to the internet, and aren’t aware how you could find this information in pink papers and business magazines. This is a bad problem to face, but better than the first problem.
The first problem is the worst, you don’t make enough money, and probably never will. You don’t even have a bank account, and know only to write your name. How can you ever be okay with money in this situation? This is the worst problem to have.
In the last week or so I’ve encountered people with all three problems and it felt comforting to know that people struggle with the same things that I do, and it also felt nice to assist someone with something that they had very little clue about and needed some help on.
I’m sure you know people with one or more of these problems and I’m sure you can think of at least one way to reach out to them and help them with something. This is as good a time as any to do it — it gets lonely to have to tackle these things on your own, and a little help goes a long way.