4 Common MONEY MYTHS I Think You Should Know: Personal Finance Myths Busted!

Today I'm talking about 4 common money myths I think you should know and should be debunked or busted!

WANT TO WATCH MORE?

**INVESTING COURSE BY THE HUMBLE PENNY**

**COMPLETE THIS MONEY ASSESSMENT IF YOU WANT A FREE 30 MIN CALL**

**MY NET WORTH & BUDGETING TEMPLATES**

**MEMBERSHIP I'VE JOINED - FINANCIAL JOY ACADEMY**

**GET A FREE SHARE WITH FREETRADE**

**GET A FREE SHARE WITH TRADING 212**

Do you want to get a free stock share worth up to £100?

**MY BUDGETING TEMPLATE**

**HOW I RANK IN SEARCH ON YOUTUBE**

BOOKS I WOULD RECOMMEND:

SIGN UP FOR A FREE TRIAL ON AUDIBLE:

MY EQUIPMENT:

DISCLAIMER PT. 1: Some links included in this description are affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide as much content as possible!

Have you ever thought about some of the common money myths that might be lying around? Well today I'm doing to be debunking 4 money myths which I believe we should be reconsidering when it comes to your money and personal finances. When it comes to money myths remember that these are based on my own personal opinions, you don't have to agree with them! But I still think it's useful that I share some of these money myths as I believe some really do need to be busted! Some of the examples are UK based, but I do think there are also some useful tips you can use anywhere!

LET'S CONNECT!

ABOUT ME

I'm the typical Millennial who previously spent everything she made (though it wasn't much), but decided to pursue financial freedom - something the schools should've taught us!

I believe everyone has the capability to be financially free, whether you're an Entrepreneur or an Employee. My goal is to help you realise that you can achieve anything you put your mind to!

Videos will go live every TUESDAY and FRIDAY so make sure you subscribe!

DISCLAIMER PT 2: Please note I am not a Financial Advisor or Employment Lawyer. The content presented in this video are personal opinions and for entertainment purposes only. You are responsible for the financial decisions you make!

[VeroniaSpaine]

What money myths have you come across lately? Let us know in the comments!

[KLUDUP]

I like what you said about buying a property you can’t afford. I remember what I was tryna buy my flat, all I could afford realistically was a one bedroom flat but everyone was tryna talk me into getting 3 bed but I had do what was good for me and I’m glad I got the one bedroom for me now cos right now if I owned a 3 bed I will really be struggling to maintain it.

[angelwings]

We can’t have a credit card. Or store cards! Got into so much debt. Eventually paid off first credit card and said never again. Years later we thought we could have one again and we’d pay it off every month. Nope. Got into 7k debt! Pod that off with a loan which was a lower APR. Defiantly no to credit cards!

[creatingbalancefinance]

The myth I hear a lot is probably the first one you mentioned about not getting a credit card. We buy big purchase items on 0% credit cards because of the extra protection it offers, and we always pay them off before the deal is over.

Fab video - amazing T-shirt too 😊

[elaibesummers]

I am working towards having enough investments so when I do retire, I have enough to live off to enjoy the remainder of my life, going travelling ect. Great video Veronia, love your energy in regards to finances.

[yaniquewest]

I’m just gonna say it, investing is so confusing :(

[intergratedpurgatory]

Using a savings account to grow your emergency fund is another myth. Saving accounts particularly don't have good interest rates to them at all. If you don't care about growing you're EF then a savings account will do just fine. However, you would be losing money when compared to other types of accounts you're EF could be in instead. We need to consider ISA's if you want your omney to passively grow in the background.

[sueparkes]

Our house has over 100k in equity after 6 years