Financial Tips: 5 Popular Money Myths Broke People Believe to Be True
When you’re poor and financially challenged, gathering the knowledge and motivation to start saving and investing can be overwhelming. Things get worse when you trust all the financial tips you receive from those around, without even researching their validity first. Check out this article for a list of popular money myths you need to stop believe when you’re looking to build wealth.
I’ve never liked the word poor. It sounds like a mindset. I’m poor, so I’m not able to set money aside. I’m poor, so it’s no wonder I’m living paycheck to paycheck. I’m poor, so it’s OK for me to wallow in self-pity instead of finding a way to take charge of my finances. I prefer broke. Broke is temporary. Broke feels like something that can be fixed. Broke is when you don’t have any money now, but you’re expecting things to get better in the near future.
There’s a problem with being broke as well. It’s...
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