Money Mistakes to Avoid - The 7 lies we tell ourselves about our finances

<p>Everyone believes certain lies about money. But there are 7 that run rampant through society. </p> <p>While some of these lies might seem obvious and benign, they can cripple your retirement portfolio, financial freedom, and add more stress to your shoulders. </p> <p>That’s the bad news. The good news? </p> <p>Once you’re aware of these money lies, you can plan a way to minimize their impact. </p> <p>In this episode, I reveal what the 7 most common money lies we tell ourselves are. And how to avoid them so you can achieve financial independence sooner. </p> <p><strong>Show Highlights Include:</strong></p> <ul> <li>Why avoiding money conversations with your friends and family lock you into destructive beliefs and habits (4:11) </li> <li>The “Monopoly Effect” that explains why hitting a certain income amount doesn’t magically make you happier (5:53) </li> <li>Warren Buffet’s “don’t buy it” technique that helps you avoid making expensive and unnecessary purchases (8:42) </li> <li>Why temptation almost always beats your financial willpower (and how to not give in to temptation) (8:59) </li> <li>How extra stress made impulse purchases skyrocket by 20% in 2020 (9:24) </li> <li>The weird way using a credit card makes you spend 10% more than using cash (even if you don’t pay interest) (9:46) </li> <li>How putting off your financial future robs you of compounding interest in plain sight (13:01) </li> <li>The counterintuitive way to use your greed to build a better financial portfolio for your family (17:19) </li> <li>The 7 most dangerous money lies everyone believes that sacrifice your retirement and financial independence (18:35) </li> </ul> <p>To schedule your free retirement tracking meeting, specifically for first responders, head to <a href= "http://pensionattention.com/" target="_blank" rel= "noopener">http://pensionattention.com/</a> or call us at 805-409-8150.</p>