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4 money myths you shouldn’t believe ๐Ÿฆ„

money myths you shouldn't believe

4 money myths you shouldn’t believe –

Introduction ๐Ÿ‘‹

It’s easy to get confused when taking the leap into learning about money. ๐Ÿ˜ฌ

There are so many different bits of advice people tell you – which should you believe? ๐Ÿค”

Here are our top 4 money myths, that you shouldn’t listen to! ๐Ÿฆ„๐Ÿ™‰

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 ๐Ÿคทโ€โ™€๏ธ๐Ÿ’ธ

You must’ve heard this one! – The idea that money has nothing to do with how happy you can be. ๐Ÿคทโ€โ™€๏ธ

It’s a myth! ๐Ÿฆ„

Money can buy you happiness (sort of). ๐Ÿ’ธ

Money pays for your basic needs ๐Ÿ•๏ธ

It can give you:

  • Food and water ๐Ÿ”๐Ÿ’ฆ
  • Shelter and warmth ๐Ÿก๐Ÿ”ฅ
  • The ability to rest and take a break ๐Ÿ˜ด๐Ÿ›€
  • Safety and security ๐Ÿ”
  • Healthcare ๐Ÿ‘ฉโ€โš•๏ธ๐Ÿฉน

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. ๐Ÿ˜•

Money pays for experiences that can make you happy ๐Ÿž๏ธ

Not only can money cover your basic needs, but it can also give you life experiences that bring you happiness. โœจ

Research has shown that life experiences can bring us lasting happiness. โ˜€๏ธ

Things like:

  • Watching sports events ๐Ÿคฝโ€โ™€๏ธ
  • Restaurants ๐Ÿ›
  • Comedy shows ๐Ÿฅธ
  • Family/friend nights ๐Ÿ‘ช
  • Hiking ๐Ÿž๏ธ
  • Reading a book ๐Ÿ“–
  • Hosting a BBQ ๐Ÿณ
  • Music shows ๐ŸŽถ
  • Bowling ๐ŸŽณ
  • Growing a plant ๐ŸŒฑ
  • Going on holiday ๐Ÿ–๏ธ
  • Drawing a picture ๐ŸŽจ

give us happy memories that can last a lifetime.๐Ÿ’–

And a lot of them cost money! ๐Ÿ’ณ

Money gives you choices โœ…

If you have financial security, you get a lot more options in life. ๐Ÿค”๐Ÿ’ญ

You can:

  • Take holidays ๐Ÿ–๏ธ
  • Leave a bad relationship ๐Ÿ’”
  • Start your own business ๐Ÿ’ผ
  • Live independently ๐Ÿก
  • Donate money to charities ๐Ÿ’–
  • Choose where you work ๐Ÿ’ƒ๐Ÿ•บ
  • Buy treats for yourself and others ๐ŸŽ
  • Choose where you live ๐Ÿ—บ๏ธ
  • Travel โœˆ๏ธ

These choices can make you happier in life. โ˜€๏ธ

Money can buy you happiness – but it doesn’t guarantee it. ๐Ÿ’ธ๐Ÿ‘

Money can buy you happiness by improving your life. ๐ŸŒ…

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

It’s commonly known that some rich people or celebrities struggle to be happy, despite having lots of money. ๐Ÿคทโ€โ™€๏ธ๐Ÿ’ฐ

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. ๐Ÿ˜Ÿ๐Ÿ’ธโค๏ธ

But despite this, don’t let the saying “Money can’t buy you happiness” make you feel guilty or greedy for wanting money! ๐Ÿท

It’s not greedy to want money if you’re not already rich – money can make a huge difference to your life and happiness! ๐Ÿชœโœจ

Myth 2 – “You shouldn’t talk about money” ๐Ÿ™Š๐Ÿคซ

Money can be a taboo topic โ€” a lot of people donโ€™t want to talk about it. ๐Ÿค

But, it is something that we all need to talk about. ๐Ÿ”Š

Talking about money can help you to:

  • get on top of your finances ๐ŸŒช๏ธ
  • increase your income ๐Ÿ“ˆ
  • save money ๐Ÿ’ฐ
  • improve your relationships ๐Ÿ’ž
  • reduce stress ๐Ÿ›€

Why you need to start thinking (and talking) about money๐Ÿ’ธ

If we don’t talk about money, how else can we learn about it? ๐Ÿง๐ŸŽค

The idea that “You shouldn’t talk about money” is a myth! ๐Ÿฆ„

Myth 3 – You should “just know” how to look after money ๐Ÿค”๐Ÿ’ญ

One of the biggest myths about money is that people can “just know” how to look after it. ๐Ÿฆ„

If nobody taught you how to look after money, why would you expect yourself to be good at looking after money? ๐Ÿคทโ€โ™€๏ธ

You wouldn’t have a go at someone for being a bad driver if they’ve never had driving lessons, would you? ๐Ÿš—๐Ÿ’จ

Money management is a skill to practice, learn, and study. ๐Ÿ› ๏ธ๐Ÿ‘ฉโ€๐Ÿซ

Don’t be hard on yourself if you don’t know a lot about money! ๐Ÿคทโ€โ™€๏ธ

It’s all about learning step by step – and The Grown-Up School is here to help you do that. ๐Ÿ‘ฃโœจ๐ŸŽ“

Myth 4 – If you work hard, you’ll get rich ๐Ÿ’ช๐Ÿ’ธ

If you’re the kind of person who works hard, that’s amazing!๐Ÿ’ผ

Being a hard worker increases your chances of making lots of money. ๐Ÿ†

But unfortunately, it doesn’t guarantee that you’ll become rich. โ˜น๏ธ

You might work really hard to keep your house super clean. ๐Ÿงฝ๐Ÿงผ

Does that mean you’ll become super rich? ๐Ÿ’ธ

Sadly not. ๐Ÿ˜Ÿ

A lot of jobs don’t pay enough money to live comfortably. ๐Ÿ˜ž

You could work really hard in a job that doesn’t pay very well. ๐Ÿ’ช๐Ÿ‘Ž

Does that guarantee that you’ll become super rich? ๐Ÿ’ธ

Still no. โ˜น๏ธ

Making a lot of money depends on a lot of different factors – not just how hard you work. ๐Ÿ“๐Ÿ’ผ

And a lot of these factors could be completely out of your control! ๐Ÿคทโ€โ™€๏ธ

This includes things like:

  • Where you were born ๐Ÿ—บ๏ธ
  • How much support is available to you from the government ๐Ÿ›๏ธ
  • If you were born into a wealthy family ๐Ÿ’ธ
  • What kind of opportunities you come across ๐Ÿ”Ž
  • How much financial support you have from family/friends ๐Ÿ‘ช
  • What you’re good at ๐Ÿ’ƒ
  • How much people are willing to pay you ๐Ÿ’ฐ
  • Your life experiences (good and bad)๐Ÿž๏ธ
  • Who you’re lucky enough to meet/know๐Ÿ•ต๏ธโ€โ™€๏ธ
  • If people will treat you fairly or not ๐Ÿค๐Ÿ‘ฉโ€โš–๏ธ

So, if you’re not rich, don’t be hard on yourself! ๐Ÿ’–

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? ๐Ÿค”

Give yourself that same care. ๐Ÿ™

It’s all about being kind to yourself and getting on top of your money step by step ๐Ÿ‘ฃโœจ๐ŸŽ“

Conclusion ๐Ÿ‘

So that’s it!

You should believe that:

  • Money can buy you happiness (but doesn’t guarantee happiness). ๐ŸŒˆ
  • You should definitely talk about money! ๐ŸŽค
  • Learning about money comes from studying – you shouldn’t be expected to “just know” how to make money and look after money. ๐Ÿค“
  • Working hard is great, but it doesn’t guarantee that you’ll become rich ๐Ÿ’ธ

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!

Similar articles to “4 money myths you shouldn’t believe”โฌ‡๏ธ

How to start looking after your money ๐ŸŒฑ

8 reasons to start saving money now ๐Ÿท

Why you need to start thinking (and talking) about money๐Ÿ’ธ

Is borrowing money a bad thing? ๐Ÿคทโ€โ™€๏ธ

200+ ideas to save money ๐Ÿ’ฐ

How to keep control of your money ๐Ÿ’ธ


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