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.