7 Personal Finance Myths Preventing You From Being Rich

Myth #1: “I Don’t Earn Enough Money to Save or Invest”

This is, without a doubt, the biggest of the many personal finance myths. People do not save or invest simply because they believe their monthly income is not sufficient. In most cases, however, it is simply a case of bad money management. Barring few exceptions, you can always save money — even a very small amount — regardless of income level. You can do a number of things to save money, such as cutting out unnecessary expenses, buying cheaper, non-branded things, buying things in bulk, cooking your own meals instead of depending on takeout food or eating out, and much more. Unless you set aside money for savings and investments on a regular basis, you cannot become financially independent. So, find a way to save money and make sure you invest it wisely.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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