Tuesday, July 8, 2025
18to10k
  • Home
  • Make Money
  • Affiliate Marketing
  • Social Media
  • Real Estate
  • SEO
  • Side Hustle
  • Dropshipping
No Result
View All Result
18to10k
No Result
View All Result
Home Make Money Online

7 Money Lies That Are Costing You Big Time

Admin by Admin
February 1, 2025
in Make Money Online
0
7 Money Lies That Are Costing You Big Time
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Money flying out of wallet
pathdoc / Shutterstock.com

In relation to cash, myths and outright lies abound. From misguided saving methods to misunderstood funding recommendation, these lies can derail your monetary objectives.

Let’s bust these myths and exchange them with smarter methods.

1: Retirement Can Wait Till Later

unhappy shocked older couple
Inside Inventive Home / Shutterstock.com

Delaying retirement planning is a mistake many remorse.

The earlier you begin, the extra time your financial savings need to develop by means of the facility of compounding. A small funding right this moment can develop into a large nest egg down the highway.

Use retirement accounts like 401(okay)s or IRAs, and contemplate talking with a monetary advisor to create a plan tailor-made to your objectives.

Professional Tip: Ready on retirement? Yearly prices you. Begin right this moment with matched contributions and watch your cash develop! Join a SoFi IRA and reap the benefits of compounding curiosity so you’ll be able to retire comfortably. The longer you wait, the much less you’ll earn. Get started today.

2: You Don’t Want Journey Insurance coverage

Sad, retired senior
Andrey Burmakin / Shutterstock.com

Skipping journey insurance coverage could look like a option to save, nevertheless it might value you dearly in an emergency.

Medical bills overseas, journey cancellations, or misplaced baggage can flip a dream trip right into a monetary nightmare.

Journey insurance coverage offers peace of thoughts, defending you towards unexpected circumstances.

Professional Tip: Journey insurance coverage is a should to guard that costly trip. Here’s a list of the top travel insurers.

3: You Can’t Save Until You Earn a Lot

sad man with empty wallet
Dean Drobot / Shutterstock.com

It’s a standard false impression that saving is just for high-income folks.

In actuality, anybody can begin saving, no matter their paycheck measurement. Even small quantities saved constantly can result in important monetary progress over time.

Excessive-interest financial savings accounts or automating deposits into an emergency fund could make saving simpler.

Professional Tip: Earn as a lot as potential in your emergency financial savings. For instance, SoFi Checking is providing 4% curiosity, plus a possible $300 signup bonus.

4: Credit score Playing cards Are a Entice

Worried woman holding credit cards
Pintau Studio / Shutterstock.com

Many individuals view bank cards as harmful, however they are often useful instruments when used responsibly.

Paying off your month-to-month stability avoids curiosity costs and might help you construct a robust credit score rating.

Understanding learn how to use credit score correctly makes it a robust ally as a substitute of a monetary burden.

5: Debt Is All the time a Unhealthy Factor

Middle-aged couple worried about their finances
Monkey Enterprise Photographs / Shutterstock.com

Debt typically will get a nasty fame, however not all debt is dangerous.

Strategic borrowing, like taking out a low-interest private mortgage, might help you obtain important objectives comparable to residence renovations, consolidating high-interest debt, or funding training.

When managed correctly, debt could be a stepping stone to constructing wealth.

Professional Tip: Flip your goals into actuality – apply for a personal loan and get the funds you want quick!

6: You Don’t Want Life Insurance coverage If You’re Younger

Senior woman worried about money
Maria Symchych / Shutterstock.com

Younger folks typically assume life insurance coverage isn’t essential till they’re older.

Nonetheless, getting protection when you’re younger and wholesome can prevent cash and supply important safety to your family members.

Locking in a decrease premium while you’re younger can result in important financial savings over the long run.

Professional Tip: Life insurance coverage is a should to guard your loved ones. Here’s a place to get a free, no-obligation quote.

7: Renting Is All the time Cheaper Than Proudly owning

Sad senior looking out a window
didesign021 / Shutterstock.com

It’s true that renting may be inexpensive upfront, however proudly owning a house has long-term advantages, comparable to constructing fairness and monetary stability.

Over time, homeownership could be a smarter alternative, particularly if you happen to keep put for a number of years.

Instruments like residence warranties might help mitigate sudden bills and defend your funding.

Debunking Cash Myths

Senior couple at their outdoor wedding
ZaitsevMaksym / Shutterstock.com

Believing these myths might be costing you financially.

By changing them with smarter methods, you’ll be able to take management of your cash and confidently obtain your objectives.



Source link

READ ALSO

The 15 Best-Paying Big Cities for Construction Workers in America

These Jobs Can Pay $100 an Hour (or More) Without a Degree

Tags: BigcostingliesMoneyTime

Related Posts

The 15 Best-Paying Big Cities for Construction Workers in America
Make Money Online

The 15 Best-Paying Big Cities for Construction Workers in America

July 2, 2025
These Jobs Can Pay $100 an Hour (or More) Without a Degree
Make Money Online

These Jobs Can Pay $100 an Hour (or More) Without a Degree

July 2, 2025
Check Your Budget: 15 Cities and States Are Hiking Minimum Wage in July
Make Money Online

Check Your Budget: 15 Cities and States Are Hiking Minimum Wage in July

July 1, 2025
20 Companies With Permanent Remote Jobs
Make Money Online

20 Companies With Permanent Remote Jobs

June 30, 2025
30 Best Side Hustles You Can Do From Home
Make Money Online

30 Best Side Hustles You Can Do From Home

June 27, 2025
20 Easy Jobs You Can Do From the Comfort of Home
Make Money Online

20 Easy Jobs You Can Do From the Comfort of Home

June 26, 2025
Next Post
Best Amazon Prime Day cycling deals live blog – road.cc

India Dropshipping Market Size & Outlook, 2023-2030 - Grand View Research

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

five + 15 =

POPULAR NEWS

10 Simple Ways to Get Paid to Text

10 Simple Ways to Get Paid to Text

March 24, 2023
67 Under the Table Jobs that Pay Cash (Off the Books Jobs Near You!)

67 Under the Table Jobs that Pay Cash (Off the Books Jobs Near You!)

January 28, 2025
11 Easy Ways to Review Movies for Money in Your Spare Time in 2023

11 Easy Ways to Review Movies for Money in Your Spare Time in 2023

May 24, 2023
How to Create a Facebook Business Page (and Grow It) in 2023

How to Create a Facebook Business Page (and Grow It) in 2023

January 20, 2023
8 Best Sites Like Freecash For 2024 (High-Paying List!)

8 Best Sites Like Freecash For 2024 (High-Paying List!)

February 27, 2024

EDITOR'S PICK

How to Create an SEO Content Strategy (Using AI) in 2025

How to Create an SEO Content Strategy (Using AI) in 2025

December 20, 2024
Why Bulgaria Is Becoming a Gambling Destination in Eastern Europe

Why Bulgaria Is Becoming a Gambling Destination in Eastern Europe

May 30, 2025
Best Amazon Prime Day cycling deals live blog – road.cc

Cowboys mailbag: Questions on Tyler Guyton, Thanksgiving MVP, and reaching .500 – Blogging The Boys

December 4, 2024
Should Middle-Class Retirees Prepare for Social Security Tax Changes?

Should Middle-Class Retirees Prepare for Social Security Tax Changes?

April 24, 2025

Recent Posts

Margaret Canning: Why there’s no get rich quick scheme when it comes to dropshipping and selling online – Belfast Telegraph

How to Start a Shopify Dropshipping Business in 2025 – Vocal

July 8, 2025
3 Ways to Earn With Your Home

3 Ways to Earn With Your Home

July 8, 2025
Epic Traffic Source for Scaling Campaigns

Epic Traffic Source for Scaling Campaigns

July 8, 2025

Categories

  • Affiliate Marketing
  • Dropshipping
  • Make Money Online
  • Real Estate
  • SEO
  • Side Hustle
  • Social Media Marketing
  • Uncategorized

Follow us

Recommended

  • How to Start a Shopify Dropshipping Business in 2025 – Vocal
  • 3 Ways to Earn With Your Home
  • Epic Traffic Source for Scaling Campaigns
  • Essential Dropshipping Trends & Strategies for 2025: Market Analysis and Tools Guide – openPR.com
  • Top 6 AliExpress Alternatives for Global Dropshippers (2025) – Shopify
  • Privacy And Policy
  • Terms And Condition
  • About Us
  • Contact Us

© 2023 18to10k | All Rights Reserved

No Result
View All Result
  • Home
  • Make Money
  • Affiliate Marketing
  • Social Media
  • Real Estate
  • SEO
  • Side Hustle
  • Dropshipping

© 2023 18to10k | All Rights Reserved