• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Go Big Always HomepageGo Big Always

Life Tips for Personal, Financial and Business Growth

  • Home
  • About
  • News
  • Travel
  • Technology
  • Contact Me

December 21, 2021 by Maxwell

3 Biggest Money Myths in 2021

While money may not be able to bring you happiness, it certainly can make your life a lot more comfortable. In order to live a stress-free life full of plenty of opportunities, ideally, you should have your finances organized.When it comes to your money, there are some mistakes that you’re better off avoiding. The first step is knowing the most important mistakes to avoid by separating fact from fiction. Here are some of the biggest money myths in 2021

Invest Everything In Crypto

The world saw a significant crypto boom over the last five years. As such, many people assume that investing their money in crypto automatically means a win. However, this is hardly the case. While it’s OK to invest in crypto or other investments, you should always have emergency savings set aside in a traditional savings account.

You never know when you could get injured in a car accident, unexpectedly lose your job, or need to pay for emergency travel. You shouldn’t rely on investments to cover these kinds of emergencies, but rather an emergency savings account.

Most financial investors suggest that anything you invest you should be willing to part with in case it never comes back again. So, don’t invest everything into crypto, but rather a reasonable amount that you could survive without if you were to lose it all.

You Must Buy a House

A lot of people are under the impression that you’re not financially stable unless you own your own home. Unfortunately, this is hardly the case. There are plenty of people whose personal circumstances aren’t well suited for homeownership.

In some people’s cases, buying a home may be financially detrimental for them. Everyone’s financial situations vary compared to each other. So, saying that financial success automatically goes hand in hand with homeownership is false. There are plenty of people who own a home yet are over their heads in debt, and hardly financially successful.

Live In The Present

While the concept of living in the present certainly holds value, that doesn’t mean that we should be reckless with our finances. Unfortunately, the pandemic made many of us start questioning our own mortality. As such, many people started frivolously spending money as if it were their last day on earth.

As of now, it doesn’t look like the human race is going anywhere anytime soon. It’s important to find a balance between enjoying your life today while also preparing for the future. Any purchases you make should always be made while keeping in mind the effects they will have on tomorrow. Moderation and self-control are key when it comes to your finances, even in a pandemic— especially in a pandemic.

Tweet
Pin
Share
0 Shares

Filed Under: Finance

Copyright ©2018 go big always| All Rights Reserved

Primary Sidebar

Recent Post

  • 3 Things To Start Doing To Strengthen Your Cognition
  • 3 Tips For Teaching Your Kids To Bathe Themselves
  • 3 Ways To Make Your Home Perfect For Hosting
  • 3 Tips For Preparing Your Home Or Business For A Fire
  • Protecting Your Dog From Coyote Attacks

News Latter

Facebook

Go Big Always

Follow Us Online

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Footer

About Max

Go big or go home! No matter what you're doing in life, you have to give it your all. I'm Maxwell Anderson and I believe that it's important to strive for the greatest version of yourself possible. Through this blog, I share all kinds of posts about lifestyle, business and much more. Read More…

Latest Post

  • 3 Things To Start Doing To Strengthen Your Cognition
  • 3 Tips For Teaching Your Kids To Bathe Themselves
  • 3 Ways To Make Your Home Perfect For Hosting
  • 3 Tips For Preparing Your Home Or Business For A Fire
  • Protecting Your Dog From Coyote Attacks

Follow Us Online

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Facebook

Go Big Always

Copyright © 2023 · Hello Pro 2 on Genesis Framework · WordPress · Log in