Personal Finance Myth #59

Herd mentality only affects the uneducated is a myth | Vrid
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Herd mentality only affects the uneducated

Herd mentality is a tendency to follow the crowd without critical thinking. It can impact people of all education levels. 

It’s a human behaviour influenced by emotions, social pressure, and a desire to blend in. Even educated individuals can be naive, especially in uncertain or emotional situations. 

Recognizing herd mentality and making independent decisions based on facts and analysis is essential for everyone, regardless of education, to avoid making impulsive or irrational choices. 

Learn more about how to overcome herd mentality here.

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