Money Myths: Busting the lies you believe
~ Thread ~
1. Wealth Building is mostly luck.
"I was born poor, So I can't die rich,
Millionaires just inherit their wealth"
Remember, 80% millionaires are first-generation millionaires.
2. Banks are your saviors
Banks are not there to protect your money,
Rather they lend your money to make more money.
Bank is a business model for them, not a service for you.
3. Investing in markets is too risky
$SPX price raised by 4,000% since 1980.
In long run, Stock market is money-making machine.
Don't be afraid to invest, afraid to money eaten up by inflation.
4. Looking rich will make you rich
What's the use of a Lambo purchased on debt to look rich?
Looking rich will make you poor from inside.
Only spend what you can afford comfortably.
