10 Common Money Myths Keeping You Broke

You’ve been lied to about money for your entire life. But, why?

Because you’re not supposed to know the truth.

• What money can buy.

• How money can help you.

• How money’s best used.

Those in power don’t want the little guys like us to be wealthy and successful.

But, the good news for you is that The Financial Revolution is changing this.

And it’s time you found out the truth.

Here are 10 money myths keeping people broke.

“Money is the root of all evil.”

This is what the top 1% says to stop you from wanting to become successful.

Bar time, money is the most valuable asset you can have.

It buys you more than just material goods.

• Freedom.

• Time.

• Happiness.

A lack of financial knowledge is the real crisis.

“Money won’t buy you happiness.”

Another way for the super rich to stop you from aiming high.

Whilst money can’t buy happiness directly, it will buy you the time you need to do what makes you happy.

I don’t invest for financial gain.

I invest to buy back my time, so I can spend more time on what I enjoy.

Don’t live to work. Work to live.

“Good grades are crucial.”

School prepares you for work and employment.

Not life.

I took school seriously, but I was also quick to realise how little it meant once I left.

Formal education will make you a living.

But it’s self education that will make you a fortune.

Your work ethic, and what you decide to consume on the side will have a bigger impact on your success.

“Your income is the best measure of wealth.”

What’s the point of earning more than everyone else if you’re stressed, unhealthy and living paycheque to paycheque?

It’s not about how much you make.

It’s about how much you keep.

The better measure of wealth is disposable income.

The difference between what comes in and what goes out.

“Your government wants the best for you.”

They want you to think this, but it’s rarely true.

Too often are those in power choosing to favour the wants of the few…

Rather than the needs of the many.

I can’t remember the last time I believed anything a politician said.

They’re all in it for themselves.

I wouldn’t rely on them for anything.

“Investing is only for rich people.”

Rich people don’t start investing after they’ve become rich.

They get rich by investing.

Assets make you wealthy. They put money into your pocket.

Liabilities make you poor. They take money out of your pocket.

Go get yourself some assets.

“Cash is king.”

Cash itself is not king. But, cash flow is.

Money is a medium of exchange.

Not a store of value.

To get the benefits of cash, you must put it to work.

Earn money. Put the money to work to multiply your money.

Repeat.

“All billionaires are evil.”

Billionaires like Elon Musk are far from perfect.

But, that’s true of everyone, right?

Billionaires provide tons of jobs, opportunities and wealth for others.

Some of them are really not as evil as you think.

It’s the politicians you should look out for.

“You need luck to succeed.”

This is the myth that stops people from even trying to achieve their dreams.

Don’t believe this for one second.

You make your own luck through hard work and consistency.

Have undeniable faith that you’ll succeed, by outworking your self doubt.

“All debt is bad.”

Of course, some debts should be avoided at all costs.

But, some debts can benefit you.

• A business loan.

• Student loans.

It all depends on the potential return on your investment.

Despite this, a lot of debts that come with high interest rates should be avoided at all costs.

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