Traditional Economists assumption is humans are rational actors when it comes to making economic decisions but they fail to realize that there are many things that come to mind and influence people's decision concerning money
To test this I Gave one of my tight friends Paul $5000 to start a business.
And he told me he wanted to do supply business which I feel is a nice idea. A few months later, I saw him with a Corolla, and I also heard from close Friends that he has started dropping by in lounges and Night parties every weekend.
Obviously He didn't do any business and a few months later had to go pay him a visit to the hospital because ended up crashing the car completely while driving drunk after coming back from one of those his useless parties. That's a Total write off.
I decided to try something new Another time I gave one of our Drivers $1000 to start a small hair salon for his wife.
Today he's no longer working as a Driver.
And they've expanded to Unisex Hair saloon with the man and his wife handling the male and the female section respectively and even
Own a small property in a neighboring Town.
The Money helps, but it's all about mindset a waster is a waste no matter the amount given or help rendered.
A waster mindset focuses on immediate Gratification and has no plans for the future Therefore no matter the level of income or gifts given they remain unproductive
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