Powerful Investment Myths

Have you heard that we only use 10% of our brains? Or that lightning never strikes the same spot twice? Think those are scientific facts?

Well, they’re not. They’re actually a couple of myths that have been debunked. But many folks still take them for facts. (1)

In the long run, believing those myths may not matter at all. You may lose a trivia game, but those myths won’t affect your wallet or financial decision. The myths about investing can, though.

Have you bought into any of them without realizing it?

Investment myths can easily disguise themselves as facts. And they can mislead us into making choices that don’t line up with what we really need or want. 

Those myths and the facts behind them are the focus of this month’s Visual Insights Newsletter.

The truth is it’s easy to fall for the myths about investing, no matter how old or smart you are — and no matter what experience you’ve had in the markets. If you know the facts, though, you can look past the fiction and make better, more sound investment decisions.

And that can help you stay on track to the financial future you really want.

Go ahead and click here to see if you’ve fallen for a myth about investing.

∞

1 -https://www.osc.org/popular-science-myths-debunked-%E2%80%A2-clearing-up-misconceptions/

Headline Frenzy 🤪

We're living in an age of information overwhelm.

Everywhere we look we're surrounded by social media and headlines designed to grab our attention and create a strong emotional response.

And it works.

What do we do about it? How do we avoid letting negative news bring us down?

I made a short video sharing 3 simple tricks.

You can watch it here.

Money Lessons

What's the hardest lesson you've ever had to learn about money? What’s the most powerful one?

For many folks (myself included), these lessons come from hard-earned experience. (1) They aren’t taught in a classroom. Instead, many folks go to the school of hard knocks. It’s the learn-as-you-go way to understanding personal finance. (1)

And those lessons we pick up can shape how we think about and handle money. (2)

They can also stick with us for life.

So, what are the money lessons that are never too early to know?

Are there any that you still have to learn? Or get better at?

Let’s find out in this month’s Visual Insights Newsletter. These essential finance lessons aren’t typically taught in school, but they’re still incredibly valuable to know as early as possible.

And they can take some people a lifetime to learn.

Hope this helps you out there!

Sources:

1 -https://journals.sagepub.com/doi/full/10.1177/2167696819861467

2 - https://sjes.springeropen.com/articles/10.1186/s41937-019-0027-5