Most of us are subject to particular beliefs that either enhance or diminish our quality of life. Money is one such topic, that’s surrounded in negative myths we’ve picked up from our parents, friends and society at large. When you free yourself from these top money myths, you’ll find space and clarity to move forward towards investing in your future.
Studies reveal that money can, in fact, buy you happiness.
Myth 1: Money doesn't buy you happiness
This myth is often a favourite statement of people excusing a lack of money, in favour of the important things in life like family and friends. Of course money alone can’t buy you happiness, but it certainly goes a long way towards helping you lead a happy lifestyle.
Studies suggest that the main reason for this, is that money buys you the time to actually be with the people you want, and do the things you like to do. It’s important to understand that money can indeed bring happiness, in order to foster a growth mindset and, in turn, grow your bank account or investment portfolio.
Instead of believing myths, see a professional to structure your finances.
Myth 2: Money is scarce
Start directing your money, rather than letting scarcity direct you.
Are you living paycheck to paycheck? Feeling weighed down by debt? Or, did you grow up in a household where there was never enough money? If so, you probably have an outward, or even underlying belief that money is scarce. Logic tells us that this is not, in fact the case.
All you need to do is look around you, to find endless examples of people with an abundance of money, so it’s obviously there to make. Rather than keeping yourself stuck in a cycle of scarcity, see a professional to structure a plan, and shift your financial situation. Start directing your money, rather than letting scarcity direct you.
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Myth 3: Wanting to be rich means you’re greedy
Can you have the desire to be rich, without being greedy? Of course you can! We’re bombarded with larger than life concepts of wealthy people ripping off the poor and deceiving their way to the top. Sure, it happens, however this stereotype shouldn’t make you feel like having wealth makes you a bad person.
If you do feel like this, it’s likely you’re subconsciously sabotaging your own financial success. The very fact that you’re reading this means that you’re already rich, in comparison to much of the world’s population. So, given that you’re already rich, you might as well foster that idea, knowing that you can most certainly have wealth without sacrificing integrity.