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Top 10 Money Myths That Block Your Financial Freedom
Season 1 Episode 18
Top 10 Money Myths That Block Your Financial Freedom.
This is one of my favourite topics.
Most ideas that people believe about money are just not true or not optimal.
I named my podcast and blog Unconventional Wisdom because my financial advice is about all the things I've learned over the years from my experience writing thousands of financial plans and reading hundreds of books.
Mark Twain said: "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
In this week's podcast episode I go in-depth on each money myth and debunk them with facts about what works and what doesn't to create wealth in your life.
Listen to find out:
- The Top 10 Money Myths.
- Myth # 1: Wealthy people have nice cars, homes and vacations.
- Myth # 2: The economy helps you predict the stock market.
- Myth # 3: Risk is your investments going down.
- Myth # 4: Your risk tolerance is part of who you are.
- Myth # 5: You are "smart money".
- Myth # 6: Asset allocation is effective investing.
- Myth # 7: You can reduce risk/volatility, without reducing returns.
- Myth # 8: Stock market returns are random.
- Myth # 9: Crypto or Day Trading is effective investing.
- Myth # 10: Real estate returns are as high as stocks.
Published on 2 years, 7 months ago