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4 money myths you shouldn’t believe πŸ¦„

money myths you shouldn't believe

4 money myths you shouldn’t believe –

Introduction πŸ‘‹

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? πŸ€”

Here are our top 4 money myths, that you shouldn’t listen to! πŸ¦„πŸ™‰

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 πŸ€·β€β™€οΈπŸ’Έ

You must’ve heard this one! – The idea that money has nothing to do with how happy you can be. πŸ€·β€β™€οΈ

It’s a myth! πŸ¦„

Money can buy you happiness (sort of). πŸ’Έ

Money pays for your basic needs πŸ•οΈ

It can give you:

  • Food and water πŸ”πŸ’¦
  • Shelter and warmth 🏑πŸ”₯
  • The ability to rest and take a break πŸ˜΄πŸ›€
  • Safety and security πŸ”
  • Healthcare πŸ‘©β€βš•οΈπŸ©Ή

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. πŸ˜•

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. β˜€οΈ

Things like:

  • Watching sports events πŸ€½β€β™€οΈ
  • Restaurants πŸ›
  • Comedy shows πŸ₯Έ
  • Family/friend nights πŸ‘ͺ
  • Hiking 🏞️
  • Reading a book πŸ“–
  • Hosting a BBQ 🍳
  • Music shows 🎢
  • Bowling 🎳
  • Growing a plant 🌱
  • Going on holiday πŸ–οΈ
  • Drawing a picture 🎨

give us happy memories that can last a lifetime.πŸ’–

And a lot of them cost money! πŸ’³

Money gives you choices βœ…

If you have financial security, you get a lot more options in life. πŸ€”πŸ’­

You can:

  • Take holidays πŸ–οΈ
  • Leave a bad relationship πŸ’”
  • Start your own business πŸ’Ό
  • Live independently 🏑
  • Donate money to charities πŸ’–
  • Choose where you work πŸ’ƒπŸ•Ί
  • Buy treats for yourself and others 🎁
  • Choose where you live πŸ—ΊοΈ
  • Travel ✈️

These choices can make you happier in life. β˜€οΈ

Money can buy you happiness – but it doesn’t guarantee it. πŸ’ΈπŸ‘

Money can buy you happiness by improving your life. πŸŒ…

But, it doesn’t guarantee that you’ll be happy and fulfilled all of the time. β˜€οΈ

It’s commonly known that some rich people or celebrities struggle to be happy, despite having lots of money. πŸ€·β€β™€οΈπŸ’°

If you dont 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. πŸ˜ŸπŸ’Έβ€οΈ

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! πŸͺœβœ¨

Myth 2 – “You shouldn’t talk about money” πŸ™ŠπŸ€«

Money can be a taboo topic β€” a lot of people don’t want to talk about it. 🀐

But, it is something that we all need to talk about. πŸ”Š

Talking about money can help you to:

  • get on top of your finances πŸŒͺ️
  • increase your income πŸ“ˆ
  • save money πŸ’°
  • improve your relationships πŸ’ž
  • reduce stress πŸ›€

Why you need to start thinking (and talking) about moneyπŸ’Έ

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! πŸ¦„

Myth 3 – You should “just know” how to look after money πŸ€”πŸ’­

One of the biggest myths about money is that people can “just know” how to look after it. πŸ¦„

If nobody taught you how to look after money, why would you expect yourself to be good at looking after money? πŸ€·β€β™€οΈ

You wouldn’t have a go at someone for being a bad driver if they’ve never had driving lessons, would you? πŸš—πŸ’¨

Money management is a skill to practice, learn, and study. πŸ› οΈπŸ‘©β€πŸ«

Don’t be hard on yourself if you don’t know a lot about money! πŸ€·β€β™€οΈ

It’s all about learning step by step – and The Grown-Up School is here to help you do that. πŸ‘£βœ¨πŸŽ“

Myth 4 – If you work hard, you’ll get rich πŸ’ͺπŸ’Έ

If you’re the kind of person who works hard, that’s amazing!πŸ’Ό

Being a hard worker increases your chances of making lots of money. πŸ†

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? πŸ’Έ

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. πŸ’ͺπŸ‘Ž

Does that guarantee that you’ll become super rich? πŸ’Έ

Still no. ☹️

Making a lot of money depends on a lot of different factors – not just how hard you work. πŸ“πŸ’Ό

And a lot of these factors could be completely out of your control! πŸ€·β€β™€οΈ

This includes things like:

  • Where you were born πŸ—ΊοΈ
  • How much support is available to you from the government πŸ›οΈ
  • If you were born into a wealthy family πŸ’Έ
  • What kind of opportunities you come across πŸ”Ž
  • How much financial support you have from family/friends πŸ‘ͺ
  • What you’re good at πŸ’ƒ
  • How much people are willing to pay you πŸ’°
  • Your life experiences (good and bad)🏞️
  • Who you’re lucky enough to meet/knowπŸ•΅οΈβ€β™€οΈ
  • If people will treat you fairly or not πŸ€πŸ‘©β€βš–οΈ

So, if you’re not rich, don’t be hard on yourself! πŸ’–

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? πŸ€”

Give yourself that same care. πŸ™

It’s all about being kind to yourself and getting on top of your money step by step πŸ‘£βœ¨πŸŽ“

Conclusion πŸ‘

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. πŸ€“
  • Working hard is great, but it doesn’t guarantee that you’ll become rich πŸ’Έ

If you know any friends or family members who might benefit from learning about money mythsshare 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 moneyπŸ’Έ

Is borrowing money a bad thing? πŸ€·β€β™€οΈ

200+ ideas to save money πŸ’°

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