Practical and Helpful Tips: Finances

Calling Out Financial Myths

There are many myths surrounding finances that need to be busted. An honest approach reveals that most of these beliefs and practices some people have concerning finances are not true. They are simply generalizations and reasons that prevent these people from living a happy life full of wealth. For you to break the shackles of poverty and attain financial independence, you need to stop trusting these falsehoods.

There is the common myth that having a lot of money will change you into a bad person. We can see who you truly are inside, when you get rich. It is easy to know what kind of person someone is when they have money. Those who are selfish will have that trait displayed. Selfless people, on the other hand, will be selfless with their money.
Another myth claims that money is not everything. This means that the life one lives is not determined by money. The truth reveals that those who hold this belief are simply poor and are living in denial. Money happens to be critical to the quality of life you will live. Your access to wealth is seen in the details of your life.
Another the myth is that money makes you less spiritual. Having money enhances your sense of spirituality and enables you to generate positive results from your spiritual works. It is not wrong to say that wealthy people are very spiritual. When you have few worries about where you will get money, you can turn your attention to how you can improve this world. Those who have a lot of money know it is an instrument for accomplishing much bigger goals.

A a common myth states that the rich worship their money. It has been noted that people who do not have money are the ones mostly worshipping it. They will work tirelessly to earn it while sacrificing their health and family. The rich do not need to sacrifice themselves for the pursuit of finances, they instead dedicate themselves to worthy courses and personal talents.

Those who think acquiring more money deprives others of it are wrong. The truth lies in the fact that becoming rich enables you to create more for others. Wealth begets more wealth. When the rich invest their wealth; there is a creation of opportunities for people to earn a living.

And the final myth that says money is the root of all evil couldn’t be more wrong. Lack of money is the root of evil. This analogy demonstrates the evils that are brought about by poverty, such as murder, theft and lies.
There are many resources to help better people understand finances. For an example, the Dawn Bennett radio program aims to demystify financial myths. Tuning in will be educative for all.