Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development

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In
this
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contemporary epoch, numerous individuals choose to invest a profound
amount
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of
money
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rather than secure it. I agree with the stated notion because
people
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are willing to invest hundreds of thousands of
dollars
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in the stock
market
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and in their multifarious social media channels. I will discuss
this
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in detail in the forthcoming paragraphs. To commence with,
people
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are putting their currency into stock trading to earn an enormous bundle of
money
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and to live lavish lifestyle seamlessly.
On the other hand
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, a place where shares of publicly listed companies are traded, is commonly known as the stock
market
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.
In addition
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,
people
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tend to buy and sell stocks online which often inclined to gain a tremendous
amount
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of shares through multifarious invested traded companies.
For instance
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, one of my colleagues in Nepal bought NEPSE shares with just a few bucks and she later received a reward of more than triple the
amount
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of it after surging the value of the share
market
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dramatically
thus
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,
people
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can acquire more cash by spending widely than saving it.
Furthermore
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, spending millions of cash just for a channel automatically brings billions of
dollars
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. It is indeed a source of income for many in contemporary society.
Besides
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, globalising businesses has enriched
people
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's lives and created several options to invest and earn
money
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instantly with ease.
For instance
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, a popular YouTuber Mr. Beast earns most of his
money
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from his official YouTube channel where he spends millions of
dollars
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doing various tasks and challenges and so on which is why his channel gets millions of views after just uploading a video. Henceforth,
people
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can earn a lot of cash by spending more than just saving it.
To conclude
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, after all the aforementioned reasons, undoubtedly
people
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are gaining a lot of
dollars
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and investing
money
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in the share
market
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has been a common place to all as it outweighs more benefits and it can bring valuable
amount
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.
Submitted by asmitakhatri490 on

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introduction & conclusion
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