Myths that Keep you Broke Archives - Wealth on Any Income

Myths that Keep You Broke #30

Myth #30 – It’s Too Late: This is Myth #30 in the series and the last one. It is also the opposite of the attitude wealthy people have that it is never too late. While on a brief vacation to Santa Barbara with my wife, we went to a thrift store, which we both enjoy. My […]

Myths that Keep You Broke #29

Myth #29 – We Have Problems: Language is so important in how we speak and how we talk. I am talking about how we speak to ourselves, and how we talk to others. Do we have problems, or do we have challenges? Would you rather deal with a problem or a challenge? It is all […]

Myths that Keep You Broke #28

Myth #28 – You Have Plenty of Time II: Most young people think they have plenty of time before they have to think about setting aside money for retirement. I don’t like to talk about retirement and in another email, I will talk about the difference between retirement and Complete Financial Choice®. For now, just understand […]

Myths that Keep You Broke #27

Myth #27 – Only You Can Do It Right: Many of us, and me included, often feel that if we want something done right we have to do it our self. I see my wife struggling trying to create a resource list for her networking group for the first time using Microsoft Word that looks like an […]

Myths that Keep You Broke #26

Myth #26 – Invest Instead of Save: Many people believe they need to start investing right away, and that putting money in a savings account, or a money market account, is a waste of time. However, if you start investing before you start saving, what if you need money for something as simple as your car […]

Myths that Keep You Broke #25

Myth #25 – I Have to Work Hard for Money: The myth for today that you have to work hard for money is closely associated with Myth 24, that hard work is supposed to pay more. And I explained value pays more than hard work. In this email, think of the quote from J. Paul […]

Myths that Keep You Broke #24

Myth #24 – Hard Work Pays More: Too often I hear someone tell me how hard they work, and it is not producing more income. What they fail to recognize is that working hard is not the same as producing more value. And the value is […]

Myths that Keep You Broke #23

Myth #23 – Wealth Is Not Fair:You may remember the protests in the streets about how unfair it was to have so much money in the hands of 1% of the population. The protesters were in the 99% of the population. You may have heard it said, that if all the money in the world were divided […]

Myths that Keep You Broke #22

Myth #22 – I Can’t Be A Philanthropist: In Myth #19, I said many people live with either/or thinking. This idea really goes hand-in-hand with your thinking about what you can, and cannot do in the area of philanthropy. In Myth #20, I addressed the idea that you might feel like you cannot afford to donate to a charity […]

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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