7 Worst Money Lies You Should Stop Telling Yourself ...

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Money lies are prevalent in our society - it’s kind of how people trick themselves into believing that they’re doing okay financially.

Some people are fully aware of the lies that they tell themselves, but refuse to make changes, as living in the dark helps them sleep at night.

Even if you don’t like to discuss or think about your personal finances, good money management skills can take you farther in life.2

For this matter, here are seven money lies to stop telling yourself.

1. I’m Too Young to Think about Retirement

This is one of the biggest money lies, and it’s often uttered by young adults in their 20s and 30s.

The truth is, you are never too young to think about retirement.

If you want to live a cushy retirement with few financial worries, now is the time to start planning.

Whether you make a little or a lot, speaking with a financial advisor can get your money on track.

2. I Don’t Need Life Insurance

If you’re not married and you don’t have kids, life insurance may be the last thing on your mind.

But before you tell yourself that you don’t need life insurance, consider the assets that you do have.2

Do you have a vehicle loan or a mortgage loan?

Would you like to pay off these assets and leave an inheritance to loved ones?

If so, a life insurance policy can help.2

Then again, maybe you don’t have any assets.

Even so, a life insurance policy can cover your funeral expenses and pay off your credit card debt.

3. Debt is the American Way

Yes, most people rely on a car loan and a mortgage loan.2

But this fact isn’t an excuse to accumulate a large amount of unnecessary debt.

For this matter, stop making excuses for your high credit card debt and devise a plan to pay off your balances.

Getting rid of your high credit card debt will not only improve your personal finances, it’ll also improve your credit score.

I Don’t Make Enough to save
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