Four Financial Lies People Actually Believe

Hero

I launched FinanceSuperhero in April 2016 to help others save money, get out of debt, earn more money, and live the best life possible. Send me an e-mail or a comment if I can help you in your journey. Thanks for reading!

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4 Responses

  1. This is a great list! Unfortunately debt is often accepted as a fact of life. And this perpetuates an already dangerous level of debt people take on. I once had someone tell me when I was in my 20s, “you’ll always have a car payment” and, unfortunately, I accepted this as a truth for many years. Thankfully I wised up and changed my thinking about debt.

  2. Wise beyond your years FSH. All brilliant points and couldn’t agree more . I think that lesson one should be that you have to believe that you can reach FIRE goal and lesson two should be that to achieve it will mean some sacrifices will have to be made. Understand these and you’re on your way. Nice work mate.

  3. The car payment is the one that always gets me. I honestly think that the “need” for a new car every three or four years is the thing that slows most peoples wealth accumulation down. Every time they drive a car off the lot it loses 25% of its value, at least! Not to mention that it continues to fall in value every year until its sold.

    Its the complete opposite of any smart financial decisions. Truly baffling! I suppose whoever makes the ads for new cars should be applauded though.

  4. These are so true! And so sad at the same time. Debt is a norm, new cars and car payment are the norm.

    The Facebook posts of new houses and new cars make my husband and I chuckle and drive us crazy at the same time — Facebook envy, as you say, is real.

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