Everyone believes certain lies about money. But there are 7 that run rampant through society.
While some of these lies might seem obvious and benign, they can cripple your retirement portfolio, financial freedom, and add more stress to your shoulders.
That’s the bad news. The good news?
Once you’re aware of these money lies, you can plan a way to minimize their impact.
In this episode, I reveal what the 7 most common money lies we tell ourselves are. And how to avoid them so you can achieve financial independence sooner.
Show Highlights Include:
- Why avoiding money conversations with your friends and family lock you into destructive beliefs and habits (4:11)
- The “Monopoly Effect” that explains why hitting a certain income amount doesn’t magically make you happier (5:53)
- Warren Buffet’s “don’t buy it” technique that helps you avoid making expensive and unnecessary purchases (8:42)
- Why temptation almost always beats your financial willpower (and how to not give in to temptation) (8:59)
- How extra stress made impulse purchases skyrocket by 20% in 2020 (9:24)
- The weird way using a credit card makes you spend 10% more than using cash (even if you don’t pay interest) (9:46)
- How putting off your financial future robs you of compounding interest in plain sight (13:01)
- The counterintuitive way to use your greed to build a better financial portfolio for your family (17:19)
- The 7 most dangerous money lies everyone believes that sacrifice your retirement and financial independence (18:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.