Flashback Friday: 38 Money Misconceptions We Need to Stop Believing

By Chrissa Hardy on 28 October 2016 0 comments

Making assumptions and spreading rumors leads to a universe packed with myths and lies. And while some might seem obviously untrue, a lot of people might still believe them! Let's do away with all that malarkey, shall we? It's time to seek the truth when it comes to cash. Here are 38 money misconceptions we need to stop believing.

4 Common Money Misconceptions About Women — It's 2016, and sadly, women are still commonly stereotyped as sheltered homemakers and impulse shoppers. And personally, I know plenty of men who love to shop and women who are the breadwinners of their families, so I'm sure that you do, too.

The 10 Biggest Myths About Investing — When you're an investing newbie, the whole process can seem scary. But just because you take a financial risk doesn't mean you'll lose all your money and end up with nothing. Just a little time and basic investment knowledge will ease all those concerns.

6 Money Misconceptions About Millennials — Millennials might seem like a generation too preoccupied with taking selfies to learn how to manage their money, but that assumption is completely wrong. Millennials are hustlers, social media mavens, and are ruling the gig economy. Do not underestimate them.

6 Harmful Money Beliefs That Are Keeping You Poor — Yep, your outdated money views could be holding you back from the financial freedom you seek. Credit card debt is not just "part of life," and you can find a way to save money earning any income. Stop settling for mediocre when your finances can be stellar.

6 Emergency Fund Myths You Should Stop Believing — Building an emergency fund seems impossible and unnecessary, especially for people living paycheck-to-paycheck… until it could save your life. That's why it's called an "emergency" fund. You hopefully won't need it for a while, but when you do, you'll be so grateful you worked so hard to build it.

6 Money Myths About Stay-At-Home Moms — Oh you think stay-at-home moms have it made in the shade? You assume they sleep in, just casually run errands, and hang on the couch all afternoon? You are way off. SAH moms of today are finding brilliant ways to multitask and make money while also raising the kids. They are handling more responsibility and taking on more work than most. Let's stop believing the myths and give them the proper respect they deserve.

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