Category Archives: Financial

Study: My Understanding of Myths

Financial Myth Busting

There are plenty of falsehoods concerning wealth that necessitate an honest approach. When Analyzed from the point of truth, it quickly emerges that what people have held as being right about money is wrong. They are simply generalizations and reasons that prevent these people from living a happy life full of wealth. To break free of this slavery to untruths and head towards financial freedom, you will have to drop such ridiculous notions.

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. When people acquire money, their true selves emerge. The selfish among us will display it for all to see. Selfless people, on the other hand, will be selfless with their money.
Another myth claims that money is not everything. It aims to prove that the kind of life you have is not influenced 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. The success of different aspects of your life depends on you having money.
The next myth which stipulates that money makes one spiritually deficient is not true. When you have money, your spirituality will guide you to strive to touch more lives and carry out God’s work. It is not wrong to say that wealthy people are very spiritual. After acquiring wealth, you will automatically focus on attaining the higher goals in the pyramid of man’s needs and ambitions. Wealthy people understand that this is merely a blessing to be used for doing the common good.

There is also the belief that rich people worship money. It turns out that those who do not have much of it are the ones who worship money. They will not think of their families or health conditions, and spend most of their lives working to make some of it. Those who are wealthy will work for other reasons, mostly driven by passion and personal missions.

Those who think acquiring more money deprives others of it are wrong. What is true is that having more money gives you the chance to make other people earn theirs. The the product of wealth is more wealth. The inventions of the rich allow other people to make money for themselves.

When people say that money is the root of all evil, they are only proclaiming falsehoods. Lack of money is the root of evil. This saying goes to show what evil things happen where there is no money, like murder, theft, and lies.
There are many resources to help better people understand finances. Resources like the Dawn Bennett podcast come in handy. It is beneficial to spend some time tuned in.