Key takeaways:
- Greed is a disastrous part of human nature
- Daily life decisions based on greed
- Greed manipulates financial decisions
- Greed ruin a person’s life
Greed is a disastrous part of human nature, which always makes people regret it, but humans fall for it every time. It is the feeling that lights up when a person sees self-benefit in any matter and overestimates it according to their expectations
Assume, a man walking by on a street suddenly sees a banner, which says: flat 50% off. That banner suddenly lights up the fire of greed in his heart. Even though He doesn’t tend to spend money at that time when sees a discount offer, makes an impulse buying decision, that’s how marketers exploit people by using their greed for money, and eventually, they spend money on that offer. At the moment he thinks that he is saving 50% on that buying but doesn’t consider that: do I need this product or not”. If not then eventually he didn’t save 50% but he spent 50%. The greed of saving money makes him spend money. It is an ancient method of convincing someone and surprisingly it works every time. Because humans will always have it in nature.
This example might make it pretty clear how your greed adversely effect your decisions
GREED AND FINANCIAL DECISIONS:
“THE MOUSE ALWAYS GETS TRAPPED BECAUSE IT DOESN’T THINK WHY THE CHEESE IS FREE”
The human mind has a tremendous ability to analyze facts on multiple factors. But on some points, emotional pressure compromises analytical abilities. To be financially successful the most important factor is having emotional intelligence, a person who doesn’t know how to manage their emotional state always falls into a deep pit of losses. The two most common states of emotions that always make people regret later are anger and greed.
In both states, people lose their analytical abilities and make decisions solely based on what they feel, and, as we all know things aren’t always like what we feel. The feelings of human beings develop based on what they perceive, and, most of the time people perceive by hearing or seeing. If the process of analyzing is avoided after hearing or seeing, one will end up perceiving falsely and making bad decisions.
So, this is pretty clear that greed is part of human emotions which generated when people perceive falsely because of a lack of analytical presence.
A person who falls for something because of it, is like a mouse falling into a trap, because, he can’t think why the cheese is free. If, some of you ever found a free cheese always think first before grabbing it. History claims that the most disastrous financial scams occur when people don’t inquire and put their money into shady businesses because of the greed of getting returns.
The airy promises never get fulfilled
Resulting in people losing their hard-earned life savings.
we always want our readers to beware and detect any scams going on around them. The only way to do so is to always make your financial decisions on a concrete basis, by analyzing opportunities effectively.
“IF YOU FIND SOMETHING TOO EASY, BEWARE AND THINK AGAIN, WHY THE CHEESE IS FREE?”
GREED LEADS TO FINANCIAL LOSS
Greed is the soft part of human nature, which is always easy to target to make someone fall into the trap. Among all kinds of traps, financial scams are at the top of the list. Human beings are obsessed with money, and even the people who scam others share a similar obsession. This is true that nobody wants to get scammed, but unfortunately, they do. To prevent such unfortunate events in life. Sometimes people confuse a trap with an opportunity, and scammers usually create an environment of urgency and threaten people “If they don’t avail of this opportunity now they’ll lose it”. The question is how you can differentiate a scam from an opportunity
There are various ways to figure out whether a given chance is an opportunity or a scam
RESEARCH AND DILIGENCE
Research is a vital part of financial decisions, some people act lazy doing that which eventually leads them to everlasting regret, if you find any opportunity always do research by using credible sources and cross-check the information you find
BUILD HIGH EXPECTATIONS
Scams usually build high and unrealistic expectations which sound like fake promises, such promises are easy to figure if you pay a little attention and compare usual returns with high expected promises
TRANSPARENCY
Scams are usually afraid of too much transparency, if you ask too many questions or try to cross-check check process, they always run away, which will expose their trap.
FINANCIAL REQUEST
If it isn’t a scam the payment methods and the financial process will be based on legal and clear means, instead of a shady process
PRESSURE TACTICS
Most scammers usually pressure people to subscribe to their offer, because if they give space for a second thought they might lose the fish they want to catch
These ways are quite effective in finding out whether it is an opportunity or a scam, these ways look ordinary but most people forget them when there is a need to use them. So, knowing isn’t enough, you need to use these effective tactics to prevent any loss that makes you regret it in the future
HOW GREED DESTROYS A PERSON:
It is a very common thing that happens to each one of us, losing while expecting to gain. A simple example of this is the buying process, no matter whether we purchase something for ourselves or a business purpose, people get scammed by this tactic.
The stock market is the most relevant example, it is the market where speculation takes place frequently. People invest money on word of mouth. Speculators used their greed against them and spread rumors about the high returns on the stock, people react to these rumors and buy as much as they can. They avoid doing a little research because they are worried about losing their chance. When the speculated bubble burst it destroyed every investor in minutes. Likewise, there are a lot of decisions people make based on emotions which eventually makes them regret it.
CONCLUSION:
Our key purpose is to educate people and help them to beware of any scams around them. Don’t let your greed destroy you. Always make decisions on a concrete research basis. Being financially literate, it will help you to critically analyze the facts and have control over your emotions. So be responsible with your money because the decisions you make today will shape your future.
THANKS!
