20 Personal Finance Myths You Shouldn’t Buy Into


By slice.ca

There’s so much personal finance advice out there that it can be hard to separate the good from the bad. To help make things easier, we gathered some of the most common money myths that financial experts wish would just die, and tell you what the truth really is.

1. Buying a Home is Better Than Renting

While owning your own home can certainly be a good investment, it’s often better to rent when you’re young. This gives you the financial and practical freedom to chase your dreams first, find the perfect career and decide where and how you want to live your life.

2. Investment is Only for the Rich

You don’t have to have lots of money to invest. Even a small amount of money invested wisely can bring huge rewards.

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