5 Common Misconceptions About Money

By Jerin Jacob (Author of Your Epic Year)

Almost 80% of the people around the world are middle class and poor. Each of them dreams to be on the other 20% of people who are rich or super wealthy. 

Without any doubt, your parents love you unconditionally like no one does. But unknowingly and unintentionally they might have passed down you some misconceptions about money which they have learnt from their own parents or grandparents. Love your parents but dare to grow up to learn the truths about money which might have been kept as secrets for ages.

It’s not the hard work but the commitment to train your brain for money does create wealth. Enlisted below are some common money myths:

1. Money is evil: 

No, money is not evil, the people using it for evil purpose are. In reality the lack of money is the cause of all evil. The robbery, the kidnapping and even the terrorism is the bi-product of lack-of-money. 

2. Money doesn't grow on trees:

This means earning money is not easy as harvesting it from a tree. But recently, because of the advent of technology, people have got greater control on making money. These days, there are numerous success stories of people who have made big money by simply using their laptop and an internet connection. The opportunities are endless like never before.

3. Save money:

As the purchasing value of the money decreases (inflation) day by day saving  money would be very risky and stupid unlike ever before. Regardless of your income level you should start investing in different material and paper assets.

4. Don't give away money:

It's a common myth that we should not give money for free unless someone gives back a good service or a product. But as per the Law of Abundance the more you give the more you receive back abundantly. Give away for charity, give away bigger amounts to those who are in need, give away to church, give away for science. Give, give, give.

5 Avoid talking about money: 

You should. Not only talk about it but also learn about money, that's how you understand the working of the real world. Which will help you to take informed decisions, to capitalize on opportunities. Also set your financial goals, achieve them and live your dreams.

Hope the concepts have served you. By the way do you know someone who really needs to read this? If so, go ahead and share this article with that person. Sharing is caring.

P.S. Still there are some months left in 2015 to make an epic year, download my new eBook - YOUR EPIC YEAR by clicking the orange  button below (You can read it from any smart-phone):