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Money Myths Money myths are global beliefs about all the
wonderful, almost magical things that money can do for us. Though
each of these myths contains some modicum of truth, taking them as
gospel can prevent us from making rational decisions with our money.
Here's how to identify and debunk some of the myths that may be
causing problems in your financial and personal life. |
Quick
Divorce.us
Most
North Americans believe in at least one money myth; many of us believe in
a number of them. These beliefs can trigger intense emotions about money
(anxiety, fear, obsession) and can even make it difficult for us to handle
the simplest financial decisions and tasks. Here are the most common money
myths:
Money = Happiness
Money = Freedom
Money = Love
Money = Self-Worth
Money = Power
Money = Security
What do we need to do about these money myths? First we must identify
the myths that are affecting us personally. Next we must spend some
time debunking the money myths, one by one. Only then will we be free
to use money and make decisions about our money in a way that enhances
our life rather than constrains it.
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