Never Fall For These 10 Personal Finance Myths

6. Work hard to save more money

Only working hard will not save your money, try to do more of investments in order to become wealthy. If you are not good at money management, then it’s time for you to start from today. Saving is linear hence investing increases your wealth. A situation may arise in future where you might lose your job, then it would be your savings alone that will help you to overcome such situation.

7. Higher the degree higher the money

If you believe in a notion that higher college degrees can actually help you to fetch a good package, then it is time to rethink. Research from Georgetown University represents that college graduates nearly earn $1 million over a lifetime, whereas people holding higher degrees like doctoral merely earn $1 million more.

Moreover it is experience that counts more over the degrees. Therefore if you are a simple college graduate with rich practical experience in your field no one can stop you to earn big bucks.

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