The Instant Gratification Syndrome is The Main Reason Why The Majority Suffers From a Severe Lack of Appetite for Investing

The world and its modern man would probably be far behind its current status if it weren't for credit/debt, but just a few are the ones who truly know how to use debt wisely. One of these is Donald Trump who admitted long ago that he wouldn't be the man he is right now without using credit.

There was some report that I stumbled upon a while ago saying that 70% of Americans are living paycheck to paycheck and I guess there are places on earth where the situation is even worse. Moreover, back in the 70s the average American household could afford a car, a home, and sending their young ones to college with just one income.

Now, expectations are higher when it comes to spending and aside from dollar devaluation, spending hard-earned money on unnecessary stuff is also killing the American dream, and not only... But where would society be without consumerism?

I personally know individuals that are about my age and are tens of thousands of dollars in debt without owning much shit as "proof of debt". I know a guy, who's neighbor with my folks in Austria who has wasted over $60,000 in credit over the past three years for nothing. The only thing palpable after all that money taken from banks/creditors is a damn two seats Peugeot(worth something like $8000) that's on a lease...

He could have bought $60,000 worth of Bitcoin instead of wasting all that money on traveling, clothing, jewels, and drugs. He didn't, and even if he would have done that I bet he'd panicked sell near the bottom. The majority is not into investing because it suffers from the "instant gratification syndrome".

They rather have a brand new car right now, bought with credit money, or a bigger home, than buy real estate, stocks, Bitcoin, or whatever. Assets take time to appreciate while the dopamine shots that you get when your loan for the next brand-new car is approved are instant and these are definitely addictive. The bankers know it and they're leveraging that to the max.

Many people may not have a clear understanding of investment options or how to invest and that makes them illiterate in making money in any other way than a regular job. Teachers don't learn the kids in school what money is, why growing takes time, why is it important to be financially secure and independent, and so on and so forth.

Even if some of them hear about Bitcoin they fear the risk of loss. I was talking a couple of days ago with a gym mate about my plan of putting as much bull market profits into HBD savings as possible in the next couple of years and the 20% APR sounded tempting to him, but he was asking for guarantees on such investment. All sorts of what-ifs popped up during that discussion.

Well, what if you buy yourself a brand-new car and crash it? What guarantees are there to be talking about? That's exactly what he did... a couple of years ago. Did he have any guarantees that he won't crash the car when he signed the papers for it? Nope... But he bought it and drove it anyway.

Without clear financial goals, people may not see the value in investing their savings. Hence we have a society full of instant gratificators that are what we could call modern slaves of this beautiful and diverse world that we live in. Debt is not bad, if you know how to use it, but using debt to fulfill ephemeral wishes is a safe road to a lifetime of financial enslavement.

Bitcoin is hope, Hive is opportunity...

Thanks for your attention, Adrian

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