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10 Money Myths that are keeping you from

Marie Deary

Aug 22, 2023

Achieving your Financial Goals

  1. I need to make a six-figure salary to be rich. This is not true. There are many people who make six-figure salaries and are still broke. It's not about how much money you make, it's about how you manage your money.

  2. I can't save money until I pay off my debt. This is also not true. You can start saving money even if you have debt. Just start with a small amount and gradually increase it as you pay off your debt.

  3. I can't invest until I have a lot of money. This is another myth. You can start investing with small amounts of money. There are many investment options available for people with limited budgets.

  4. I need to buy a new car to be successful. A new car is a luxury, not a necessity. You can save a lot of money by buying a used car.

  5. I need to go to college to get a good job. This is not always true. There are many successful people who never went to college. There are also many good-paying jobs that don't require a college degree.

  6. I can't afford to save for retirement. This is a common myth, but it's not true. There are many ways to save for retirement, even if you have a limited income.

  7. I'm too old to start saving for retirement. This is also not true. It's never too late to start saving for retirement. The sooner you start, the more time your money has to grow.

  8. I'm not good with money. This is a self-limiting belief. Everyone can learn how to manage their money. There are many resources available to help you, such as books, websites, and financial advisors.

  9. I'm doomed to be broke. This is not true. You can change your financial situation. By changing your mindset and learning how to manage your money, you can achieve financial success.

  10. Money can't buy happiness. This is true, but money can buy you freedom and security. It can also help you achieve your goals and dreams.


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