The Fear of Losing Money
At some point, everyone loses money. It can be from a bad investment, misplacing moneys, inflation erosion, failure to act or make a decision on your investments, fear of making the wrong decision, or fear of losing a job or other resource of funds.
In many cases, men make more money in the workplace than women do (if money is lost in a bad investment, a common male attitude is that it can simply be replaced). Women are less likely to take the financial positions and risks that men often do. A lot of it has to do with familiarity. Men, as boys, still get the majority of money messages from their families, friends and peers.
Working with, and investing money does not have to start in giant steps. In fact, it’s wise to avoid them. Start with small steps. Whether it’s putting money in a mutual fund (many will allow you to start with as little as $100, if you commit to putting in a minimal amount on a monthly basis), a money fund, or a fund for the kids (or yourself), small amounts can build into fortunes.
Starting small allows you to learn along the way. A little here, a little there. If some of the “little” doesn’t work out—the investment fails, or never grows in value (also a failure), you and your net worth won’t be destroyed.
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