8 Money Myths Most Likely To Sabotage Your Finances

Investing Isn't Just for Rich People

Investing isn't just for rich people, though. Investing in stocks can be a great way to grow your wealth and achieve your financial goals.

You Don't Have to Earn a Lot to Save

Even if you're not raking in the big bucks, you can still afford to save some money. Even putting back five dollars each paycheck will eventually add up!

Debit Isn't Always Better Than Credit

Credit card debt can become an albatross if you over rely on credit. However, choosing to ignore credit altogether just because some people abuse it is like refusing to drink water because some people drown.

Credit Cards Aren't the Only Solution, Though

Okay, yes, we just told you that credit cards are a useful tool. However, don't rely on them to get you through a financial emergency, either.

You Don't Need to Buy a Home Right Away

Renting isn't ideal for some people. Spending money on a place you don't own doesn't feel great but remember that it's just an option.

It's Never too Early to Think About Retirement

The sooner you start saving, the sooner you're going to have your money compounding interest for you.

Debt Isn't a Dirty Word

It's okay to take out loans sometimes. Yes, it can be stressful to owe money-especially when that money is compounding interest. However, leveraging your credit to meet your financial needs is okay!

Don't Just Let Someone Else Handle it

If you're married and your spouse handles all of the finances, don't just tune out of any discussion about money.

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