Busting Financial and Investing Myths

43
Myth #1: I don’t need to be an investor. My job will take care of my financial wealth.

Many people assume that they do not need to be an investor and that their job or their business will take of their financial wealth. That is a big financial myth!

The truth is you do need to be an investor and your job or your business is not your financial wealth – although your business is part of your wealth.

It is important that you know that your current job or your business and savings plan will not be nearly enough to build true financial wealth.

Your job is your job. However, building financial wealth is something else.

Myth #2: I don’t need or want to be financially wealth. I am happy with what I have.

It is good to be contented with what you have. But you have to be open minded and look at the potential in every opportunity that comes your way.

Truth is you do need and want to be financially wealthy. There are so many possibilities and opportunities to do good for others when you have the means. So instead of forgetting your dreams and living within your means, pursue the means to live your dreams!

Myth #3: It doesn’t matter if I want or need it. I just can’t do it.

The truth is that no one can predict what one can or cannot do unless one tries.

Know that there is no way for you or for anyone else to know your true financial potential. “I can’t do it” becomes a rationale for not trying and for not exploring your potential!
0
Federal Transfers to Provinces and Territories
Why “Invest for the Long Term” is Obsolete Advice

The KD Blog