October 4, 2016

10 BAD Personal Finance Myths

"Though they may seem correct on the surface, these personal finance myths could be costing you a fortune," writes Sean Williams.
1. I don't earn enough to save money 
2. A penny saved is a penny earned
3. Assets should be allocated based on a set formula
4. Cash is king 
5. I have to be rich to invest in the stock market 
6. A home is a good investment (my favorite)
7. Credit cards are bad news
8. Carrying a balance helps your credit score
9. Social Security won't be around when I retire 
10. Wills are only for rich people 







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