Myths that Keep You Broke #21
Myth #21: Plan for Saturday NightThere is a quote that is attributed to Gloria Steinem, that goes something like this:“The wealthy plan for generations, and the poor plan for Saturday night.” *Unfortunately, this myth appears to be real, and not a myth. It does appear that the poor, or those with a scarcity mindset, make very […]
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Many people live with either/or thinking. This idea really goes hand-in-hand with your thinking about what you can, and cannot afford. What I will discuss here, is about the thinking that you cannot support yourself and donate to charity.
Continue readingMyths that Keep You Broke #19
Myth #19 – You Can’t Have It All: In Myth #18, I talked about how you speak matters, especially to yourself. This idea really goes hand-in-hand with the idea that many times we think we live in an either/or world. Either/or thinking says that if you have wealth, maybe you have to sacrifice happiness. However the wealthy […]
Continue readingMyths that Keep You Broke #18
Myth #18 – I Speak Just Fine: How you speak not only gives other’s clues on how to treat you, but it also tells you how to treat yourself. Language matters to the wealthy, both in how they speak to those around them as well as in their self-talk. I recently heard about Tara Westover’s memoir Educated. Tara was raised […]
Continue readingMyths that Keep You Broke #17
Myth #17 – I Want a Big House: I was recently out to dinner with my teenage grandsons and they asked me how you become a millionaire. My older grandson, who lives in an expensive city where the average home price is close to a million dollars, was trying to figure out how he could […]
Continue readingMyths that Keep You Broke #16
Myth #16 – The Wealthy Don’t Share Their Knowledge: If you read the headlines in our sensationalized news culture, you may believe that the rich get richer by hoarding their money and their information. But this isn’t true when it comes to the vast majority of wealthy people. Being rich versus being wealthy is an attitude. […]
Continue readingMyths that Keep You Broke #15
Myth #15 – All Debt is Bad: For many of us, the word debt, can be scary and intimidating. But not all debt is created equal. There certainly is high interest and misplaced bad debt. There is even necessary bad debt. However, there is also good debt that can help increase your personal investments. Combining […]
Continue readingMyths that Keep You Broke #14
Myth #14 – Others Deserve Money More Than Me: Have you ever seen the photos of the retired couple traveling the world, or overheard a family talking about their beach house and thought: ‘Wow! They must have worked very hard to be so wealthy. I should have taken that better job or not taken out loans […]
Continue readingMyths that Keep You Broke #13
Myth #13 – Small Amounts of Money Will Not Lead to Wealth: I’m sure you have heard the expression that it takes money to make money. If you take this logic to the next step, then it would seem that it also takes a lot of money to become wealthy. If you keep following this logic, […]
Continue readingMyths that Keep You Broke #12
Myth #12 – I Read Plenty: What does it mean to be an avid reader? Maybe you subscribe to two or three industry publications that you flip through while drinking your morning coffee. Or maybe you check your social media feed or read the Tweet or Facebook post of the day. Polls show that the average American […]
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