10 Most Dangerous Money Myths

Do you have a complicated relationship with money? You’re not alone. It doesn’t help that many weird, outdated, or just plain wrong ideas about money are floating around.

10 Most Dangerous Money Myths

“I don’t need to worry about money until I’m older.” If you wait until you’re older to start saving and investing, you’ll have less time to compound your wealth and reach your financial goals. 

“I need to make a lot of money to be wealthy.” This myth is dangerous because it discourages people from pursuing wealth. The truth is that you don’t need to make a lot of money.

“I can’t afford to invest.” If you don’t invest, you’re missing out on one of the best ways to grow your wealth over time.

“I don’t need to save for retirement because I’ll never stop working.” There’s always a chance that you could be forced into retirement due to an unexpected health issue.

“I don’t need an emergency fund because I have health insurance.” From car repairs to job loss, there are all sorts of reasons why you might need quick access to cash.

When it comes to money, shut out the noise and create your healthy money mindset. Swipe up for all 10 money myths.