Thursday, September 25, 2014

Maddie Binning, Chapter 7, Question #4

The problems presented in this chapter revolve around the idea of accumulating funds. While get-rich-quick schemes have proven to fail, Wheelan offers many ways to positively impact your wallet. By raising capital and investing it well through diverse and in many cases risky investments, a person can significantly increase their wealth. However, anxiety and fear often keep people from making risky investments meaning they may very well come out with a profit but it will be a significantly reduced profit relative to the possible outcome. Additionally, because the same information is generally known by all, be wary of surprisingly fast and easy sources of cash -- they often are borne of misinformation and misconceptions.

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