4 money myths you shouldn’t believe –
Introduction 👋
It’s easy to get confused when taking the leap into learning about money. 😬
There are so many different bits of advice people tell you – which should you believe? 🤔
Here are our top 4 money myths, that you shouldn’t listen to! 🦄🙉
Disclaimer: This website provides information for guidance and educational purposes only. The Grown-Up School does not provide regulated financial advice. You can seek independent financial advice from a suitably qualified and regulated professional advisor. Check out our disclaimer policy for more information.
Myth 1 – Money doesn’t buy you happiness 🤷♀️💸
You must’ve heard this one! – The idea that money has nothing to do with how happy you can be. 🤷♀️
It’s a myth! 🦄
Money can buy you happiness (sort of). 💸
Money pays for your basic needs 🏕️
It can give you:
- Food and water 🍔💦
- Shelter and warmth 🏡🔥
- The ability to rest and take a break 😴🛀
- Safety and security 🔐
- Healthcare 👩⚕️🩹
These are some of your most basic needs!
Living without your basic needs covered can make life stressful, and make it quite difficult to be happy. 😕
Money pays for experiences that can make you happy 🏞️
Not only can money cover your basic needs, but it can also give you life experiences that bring you happiness. ✨
Research has shown that life experiences can bring us lasting happiness. ☀️
Things like:
- Watching sports events 🤽♀️
- Restaurants 🍛
- Comedy shows 🥸
- Family/friend nights 👪
- Hiking 🏞️
- Reading a book 📖
- Hosting a BBQ 🍳
- Music shows 🎶
- Bowling 🎳
- Growing a plant 🌱
- Going on holiday 🏖️
- Drawing a picture 🎨
give us happy memories that can last a lifetime.💖
And a lot of them cost money! 💳
Money gives you choices ✅
If you have financial security, you get a lot more options in life. 🤔💭
You can:
- Take holidays 🏖️
- Leave a bad relationship 💔
- Start your own business 💼
- Live independently 🏡
- Donate money to charities 💖
- Choose where you work 💃🕺
- Buy treats for yourself and others 🎁
- Choose where you live 🗺️
- Travel ✈️
These choices can make you happier in life. ☀️
Money can buy you happiness – but it doesn’t guarantee it. 💸👍
Money can buy you happiness by improving your life. 🌅
But, it doesn’t guarantee that you’ll be happy and fulfilled all of the time. ☀️
It’s commonly known that some rich people or celebrities struggle to be happy, despite having lots of money. 🤷♀️💰
If you don‘t feel like you have meaning or a purpose in life it can be a struggle to find happiness, not matter how much money you have. 😟💸❤️
But despite this, don’t let the saying “Money can’t buy you happiness” make you feel guilty or greedy for wanting money! 🐷
It’s not greedy to want money if you’re not already rich – money can make a huge difference to your life and happiness! 🪜✨
Myth 2 – “You shouldn’t talk about money” 🙊🤫
Money can be a taboo topic — a lot of people don’t want to talk about it. 🤐
But, it is something that we all need to talk about. 🔊
Talking about money can help you to:
- get on top of your finances 🌪️
- increase your income 📈
- save money 💰
- improve your relationships 💞
- reduce stress 🛀
Why you need to start thinking (and talking) about money💸
If we don’t talk about money, how else can we learn about it? 🧐🎤
The idea that “You shouldn’t talk about money” is a myth! 🦄
Myth 3 – You should “just know” how to look after money 🤔💭
One of the biggest myths about money is that people can “just know” how to look after it. 🦄
If nobody taught you how to look after money, why would you expect yourself to be good at looking after money? 🤷♀️
You wouldn’t have a go at someone for being a bad driver if they’ve never had driving lessons, would you? 🚗💨
Money management is a skill to practice, learn, and study. 🛠️👩🏫
Don’t be hard on yourself if you don’t know a lot about money! 🤷♀️
It’s all about learning step by step – and The Grown-Up School is here to help you do that. 👣✨🎓
Myth 4 – If you work hard, you’ll get rich 💪💸
If you’re the kind of person who works hard, that’s amazing!💼
Being a hard worker increases your chances of making lots of money. 🏆
But unfortunately, it doesn’t guarantee that you’ll become rich. ☹️
You might work really hard to keep your house super clean. 🧽🧼
Does that mean you’ll become super rich? 💸
Sadly not. 😟
A lot of jobs don’t pay enough money to live comfortably. 😞
You could work really hard in a job that doesn’t pay very well. 💪👎
Does that guarantee that you’ll become super rich? 💸
Still no. ☹️
Making a lot of money depends on a lot of different factors – not just how hard you work. 📝💼
And a lot of these factors could be completely out of your control! 🤷♀️
This includes things like:
- Where you were born 🗺️
- How much support is available to you from the government 🏛️
- If you were born into a wealthy family 💸
- What kind of opportunities you come across 🔎
- How much financial support you have from family/friends 👪
- What you’re good at 💃
- How much people are willing to pay you 💰
- Your life experiences (good and bad)🏞️
- Who you’re lucky enough to meet/know🕵️♀️
- If people will treat you fairly or not 🤝👩⚖️
So, if you’re not rich, don’t be hard on yourself! 💖
Don’t tell yourself it’s because you’re not working hard enough.
You wouldn’t tell a hardworking, poor family that they’re not working hard enough, would you? 🤔
Give yourself that same care. 🙏
It’s all about being kind to yourself and getting on top of your money step by step 👣✨🎓
Conclusion 👍
So that’s it!
You should believe that:
- Money can buy you happiness (but doesn’t guarantee happiness). 🌈
- You should definitely talk about money! 🎤
- Learning about money comes from studying – you shouldn’t be expected to “just know” how to make money and look after money. 🤓
- Working hard is great, but it doesn’t guarantee that you’ll become rich 💸
If you know any friends or family members who might benefit from learning about money myths, share this post with them!
Finally, don’t forget to check out our similar articles below!
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Why you need to start thinking (and talking) about money💸
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How to keep control of your money 💸
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