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Money Mindset Myths That Are Keeping You Poor
ReplyDeleteby Vincent King · 18 comments
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Budgeting and managing your money is never a happy experience – IF you’re in the red. Yet, if you’re like most people, there are 7 common money mindset myths that are keeping you that way.
Change your mind and change your numbers. This sounds simple, but it works.
Money Mindset Myth #1 – A Penny Saved Is A Penny Earned
Not losing that penny by saving it is helpful, but it takes so much more than not giving that penny to the cashier to create meaningful wealth. In addition to saving, you must also multiply that those cents that you are saving to truly feel the effects. Even if the adage is accurate, it is also incomplete, and certainly not something you can base your future fortune around. Saving pennies is good, but you also need to earn more.
Money Mindset Myth #2 – I Don’t Need Money Help
Paying for people to coach you in precision pilates is a want, but if you have zero experience straightening your finances, then shooting from the hip while going solo will likely only set you right back where you started from.
Investing in a money coach will lead you down a safer road lined with superior choices, better decisions, and ultimately a finish line you’ll likely never reach alone.
Invest in a coach and train for financial success.