5 Financial Myths to Stop Believing (and the Truths Instead!)
People like to make a lot of proclamations about what to “always” or “never” do with your money. However, these are quite often total financial myths. And, when it’s coming from a source you trust, you tend to take these financial myths at face value rather than exploring the truth of the situation for yourself.
These five financial myths can negatively impact your mental wellbeing as well as that of your budget and financial security. So let’s play MythBusters and talk through some of the things we always hear about finances and the reality of the matter instead.
Financial Myth #1: You don’t need an emergency savings fund if you have a credit card.
The Reality: This is a very costly (and not always assured) way to cover emergencies.
This is one of the financial myths that always gets me going! There are so many things that could get you into trouble around credit cards and the way people use them is one of them.
The reality is that you may...
Leah Hadley, AFC, CDFA
Hi there! I'm Leah. I didn't grow up thinking I would be a business owner or a financial planner, for that matter.
When I went to college, I studied sociology and was fascinated by the study of social change. When I went on to grad school, I became a teacher.
The transition from teacher to administrative assistant to investment analyst to business owner was a windy road, but it taught me the importance of embracing change and taking risks. I had to learn new skills, expand my network, and be open to opportunities.
And I'm so glad I did. I've discovered a passion for helping people manage their money better, and I still get to teach every day as my clients grow into more educated investors.
Categories
All CategoriesAmazon Affiliate Disclosure
Watch Her Thrive is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.