1. Money doesn’t make you happy 2
We have all heard the adages “money doesn’t buy happiness” and “the finest things in life are free,” but to put it frankly, both statements are total bullshit.
People disseminate the idea that you don’t need money to be happy because they don’t want you to be a competitor
Even while you may believe that the wealth of others around you has no bearing on your own pleasure, studies show that yes, the income of Dave down the street does have an effect.
2. There’s no such thing as passive income
It still irritates me that some individuals favor the tooth fairy and passive income despite the fact that neither exists.
Let me tell you right now that both of these things exist and can help you generate money while you sleep. Most pepole believe that obtaining passive income entails creating money with no inputs.
You may be wondering how I know passive income is real, and the answer is because I earn it every day through my two blogs and my drop service business. I generate money as I eat, sleep or take walk.
Long-term investing will make you rich
You’ve probably heard that if you want to grow rich, you should save money and invest for the long term. Well, I’ve got news for you: this is a lie.
If you invest $900 regularly for the next 30 years, you’ll be rolling in cash, right? Not exactly. If we consider inflation rate of 2.5, the one million dollars in 30 years will be worth just $476743
Long-term investing, as demonstrated by the example, can increase your wealth, but it should not be your major source of wealth creation. So, to generate more money, simply supply more value.
To know in-depth information about all 3 lies which we had discussed here, please check out our informative article by clicking below.