Four More Silly Reasons Why People Don’t Invest

Updated: February 22, 2020

A lot of people don’t invest even though they say it’s important. They come up with many excuses, and I gave four reasons already.

Below are four more silly reasons that I hear, and why they shouldn’t be.

I’m afraid to lose money.

Remember inflation? By not investing, you are actually losing money – and that’s something you should be afraid of.

Moreover, the major reason why people lose a lot of money in investments is because of their lack of knowledge.

For example, when the stock market goes down, it’s important to understand first why it’s happening so you can take proper action, as opposed to going on panic mode and selling at a loss, which most people do.

What’s worse, they go online and ask other people what they should do. This is a clear sign that they don’t have an investment strategy, which is necessary for anyone who wants to make money consistently in the stock market.

If you’re afraid to lose money, then invest in knowledge first.


I’m still young.

The best time to invest is when you’re young because of three reasons. First, you don’t have big financial responsibilities yet – no kids, no mortgages, etc.

Second, your long investment horizon gives you room to make some mistakes without greatly affecting your financial future.

Lastly, and the most important reason, is that you have at your disposal the most powerful force in the universe and you only need to invest a little amount to grow a vast fortune when you retire.

If you’re not convinced, then you should read this: The Story of Mr. Invest Now, Mr. Catch Up and Mr. Wait Longer

My parents are rich anyway.

You’re lucky to have rich parents, but having them is not a good enough reason for not investing.

For starters, it’s their money and they’ll need it when they grow older – don’t take away their dreams of a happy and comfortable retirement.

Furthermore, it’s not just about the money because investing is more about achieving financial independence.

Asking for money from others, even if they’re your parents, creates a dent to your self-esteem and it will be hard to feel good about yourself when you’re dependent on charity.


I make a lot of money anyway.

Your ability to make lots of money will not last forever. And I’m pretty sure that you don’t want to spend all your life working.

It’s easy to find stories of famous celebrities and top athletes who were once millionaires but are now broke.

Do you want your story to be the same?

The truth is, you cannot work for money forever. But investing allows your money to work for you, so you don’t have to when the future comes.

Read the Part 1 here.

What to do next: Click here to start your financial journey with IMG Wealth Academy
Photo credits: geoffgirardin and donhomer


  1. Great post… Thank u Fitz … Ur one of my mentor … Becoz of u ive learned how to invest … Thank u so much…

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