Myths about Money

By Alex

2021-09-04

For many people, a long-term goal is to amass and maintain personal wealth for financial security. There are many different paths to get there -- savings, investments, passive income, etc. -- and there are plenty of "rags to riches" success stories to inspire people's financial aspirations. But there are also many myths about wealth that color the perceptions of those who wish to attain it. We asked a panel of Forbes Finance Council members about the biggest and most common misconceptions about personal wealth and the important correct information individuals should have instead. Their best answers are below.

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