I think it's greed and laziness.
Have you even fallen victim of Ponzi Schemes? Maybe unknowingly?
From what I know, people who go in early cash out quickly but many people get trapped in the later stage of the scheme and lose money.
Meanwhile, some people knew from beginning that it's Ponzi yet they still risk it and go in. And when they lose their money, they come here crying.
But why?
Why do people fall for Ponzi Schemes even after knowing?
(634 reads) See also â–ş In what ways can financial literacy guide how people earn?
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Jared
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Greed of course
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°
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