Description

This is a sequel to Season 3 Episode 3 entitled “Money Myths”. In it, we highlighted a few personal finance misconceptions like: 

• keep a small balance not he credit card
• buy as much house as you can afford
• a four-year degree is the only way to get a good job.

Personal finance is made up of both timeless principles and cultural principles. Some people try to challenge either kind, stating those principles are no longer valid in today’s times even if they are. There’s fake financial news out there, and we wanted to highlight some of those myths.
In this episode, Gary and Christy talk about:

• there’s no way out of a downward financial spiral
• at a certain age, it’s too late to start saving for retirement
• credit cards are always bad
• working longer hours always means I’m working harder

Episode Resources

• Link to Money Myths Part 1 episode – https://thelightnetwork.tv/bountifuls3e3/
• Link to Credit Cards: The Good, The Bad, and The Ugly episode – https://thelightnetwork.tv/bs2e3/
• Link to buy a copy of the Book “Master Your Time, Master Your Life” – https://www.amazon.com/Master-Your-Time-Life-Breakthrough/dp/0399183817
• https://www.vouchercloud.com/resources/office-worker-productivity
• https://www.linkedin.com/pulse/why-eight-hour-workday-doesnt-work-dr-travis-bradberry/?trk=eml-email_feed_ecosystem_digest_01-recommended_articles-9-Unknown&midToken=AQFcCl_BBZTKKQ&fromEmail=fromEmail&ut=3bBjqUGRiPt8E1
• https://www.daveramsey.com/blog/3-reasons-its-not-too-late-retirement
• https://www.forbes.com/sites/nextavenue/2017/10/19/8-ways-to-start-saving-for-retirement-after-50/#3068453c3092