In this round of bull and bear market transitions, many people have directly returned to poverty. Why is it hard to earn money and even harder to keep it? I have done a simple analysis; what additional points do you have?

1. Path Dependency Trap

Many people cannot keep their money because they want to use the "methods that made money initially" to "keep money." For example, relying on boldness to earn the first pot of gold, but when trying to keep money, they still want to use leverage or gamble on turning a bicycle into a motorcycle. As a result, a single cycle of volatility can wipe it all out. You need to be greedy to make money, but timid to keep money; these two logics are mutually exclusive.

2. Social and Identity Premium

When you have more money, your circle changes. To maintain the facade of being a "successful person," you have to buy a more expensive car, enter more expensive circles, and invest in your friends' vanity projects. At this point, money is no longer your asset, but rather the fuel to maintain your identity. Once the fuel runs out, your identity collapses.

3. Cognitive Misalignment

What is most feared is treating "luck" as "ability." Money earned during a favorable situation, if not converted into stable assets in a timely manner, or if one's hard skills are not improved, will only be temporarily stored with you by society; it will flow back into the market through various temptations.