Rizqwise

005 – Five Lies About Money That Are Holding You Back

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I’m sorry… but you’ve been lied to.

Unless you’re a finance or economics major, no one ever sat you down to teach you the mechanics of money. As a result, you probably have some deep-seated beliefs about money that are not only wrong — but also destructive to your financial future.

Things like…

  • Being debt free is the ultimate goal.
  • I like cash because it's safe.
  • I don't have enough to invest right now.
  • I can worry about retirement later.
  • My house is the only investment I need.

    • Do you know why these lies are destructive?

    Listen to this week’s episode to find out…

    Show Notes
    • How much did it cost in Morris County, New Jersey in 1950?
    • Inflation Explained by The Economist
    • Master the Game: 7 Simple Steps to Financial Freedom [Book]
    • The Extraordinary Power of Compound Interest (NOTE: The power of compounding can also be leveraged by investing in non-interest bearing assets)
    • Which is better: lump sum investing or dollar cost averaging?

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