Common money myths that are not true.
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Many people have a bad relationship with money and we are told many "myths" about money that are not true. These myths cause us to have a bad relationship with money. In this video, I debunk some common myths about money.
1. Rich people wear Prada and drive sport's cars
Social media often portrays "rich people" as people who are extremely materialistic; however, majority of rich people live entirely different lives. Many rich people become rich not from high salaries and status symbols, but from being frugal, living below their means, and being patient.
2. Money is evil
We often view money as inherently evil; however, many people believe this because they never take the time to get to know money. Money is what you make of it, and you can either be friends or enemies with money. When you take control over your personal finances, money will be your best friend; however, if you have debt and loans, then money will be evil. Money isn't evil, but the lack of money is evil.
3. Someone else can solve your money problems
We put a lot of faith into people who we have never met before, thinking that someone else can solve our financial problems. Personal finance is about developing habits like frugality, budgeting, and minimalism to have a healthy relationship with money. If someone else solves your financial problems, you will not have the skills to remain in a healthy relationship with money.
4. Life is expensive
We often think that life is very expensive; however, the reason life is becoming more expensive is because we have an abundance of things to buy. The more wants you have, the more expensive life becomes. The less wants you have, the more affordable life becomes.
5. More money is the only answer to your problems
We often think that the only answer to our money problems is to make more money; however, the is another solution to money problems and it is "spend less." Living a more minimalist life, being frugal, and finding enjoyment in simple things will get your expenses lower and make life more affordable.
6. The more expensive something, the better it is
We often associate quality with price; however, just because something is more expensive doesn't mean that it is better. A lot of price is determined by the brand and the packaging. Sometimes products are the exact same, but with different prices because of the packaging.
7. The past is better than the present
There are many problems in the financial world with inflation, market crashes, and other panic, and we often view the past as a better time than today. I believe that we look so fondly on the past simply because we know what happened. The world is always crazy, and I believe the best way to combat it, is to simply take control over your personal finances.
20 ноя 2022
