Financial Funnies: Revealing Hilarious Money Myths

"Money is root of all evil!" "Talking about finance is so boring." Only wealthy people can afford to shop at Whole Foods!" Were these beliefs taught from your childhood or was it something you pick up along the way in life? The unfortunate thing is that believing those statements will do you more harm than good. Living by those beliefs could get you quickly in the poor house or even drowning in the ocean of debt. When it comes to money, I'm sure we heard a myth about money a time or two and it has changed the trajectory of how we see money by the choices we make.

If you want to flourish financially, you need to let go of those myths. Let's unravel these beliefs so you can improve your financial situation and work toward a better future.  (More importantly so we can afford to shop at Whole Foods) Time to unpack!

Myth Number 1: Money is the Root of all Evil

Most of us have probably heard this myth the most. Especially those from a religious background. However, if you have that mentally about money, you are making it challenging for yourself. This saying is a misquoted Bible verse that has made its way into the consciousness over time. If money is so evil, how come you use it to buy food, pay bills, put gas in your car, and work more hours to get more of it?

Is money evil? No! Can a person use it for evil deeds and things? Absolutely! Using money in a good way has the potential to open doors to make your life better, more comfortable, and easier overall. Money itself is not the issue. However, one using it for evil purposes, well that's a whole different issue!

Myth Number 2: Money Can’t Buy Happiness

Now there is some truth to a certain extent. Money can't buy happiness but that's really hard to argue about that when you just bought your favorite gallon of ice cream from the store and gladly stuffing your face with it. (Anything delicious to get over a tough day at the office of course will do) While money might not make you forever blissful, it certainly can buy the temporary joy of a chocolate milkshake. And hey, if ice cream’s not your thing, there’s always Chick-Fil-a.

Myth Number 3: The More Money you Save, the More Money You'll Have

I'm sure you've heard the saying, “Do not save what is left after spending, but spend what is left after saving "While saving is necessary, the myth that saving money in a piggy bank or under your mattress will lead to wealth is a tad bit of a reach. Inflation and opportunity costs can ruin your savings over time, and there’s a lot more to financial growth than just stuffing cash into a jar. Make sure you place your money in investments that will make money work for you instead of you working for it all the time.

Now here's another saying for those who want to save, "Money is an excellent servant but a terrible master." Placing your money into investments is a sure way that you can meet and exceed your financial goals and protect yourself against the inflation army!

Myth Number 4: Investing Is Only for the Rich  

Yea this is definitely false! With as little as $25 you can invest in the stock market and put your money to work for you. You can invest in things such as index funds or even fractional shares, which are nice to invest if you don’t have thousands of dollars lying around under your mattress.

But why are you hoarding money in your mattress anyway? Seems a little suspicious. I mean do you at least have a jar you can place it in or you're just literally placing your ENTIRE check in the mattress? Why not a bank? - My apologies I went too far off topic. But anyway, moving on, investing is for everyone, even people who hoard money in the mattress (I got my eyes on you. Money hoarder!)

Myth Number 5: A Budget is for Boring People

If budgeting is for boring people than I am definitely the most boring person you know. (Or am I? I'm sure you have other friends that are reading from sunup to sundown about finance every day. Do you?)

Creating a budget and sticking to it may seem like a daunting task. After all it's mostly the discipline that needs to be implemented when it comes to budgeting and that is crucial! Instead of you buying shoes every week, try once a month. Or maybe you like to eat out every weekend, try cooking more so at home to wear when you do eat out, you'll have more money to enjoy the food because you had enough discipline to save for nice occasions such as that.

Creating a budget and checking it every now and again educates you about your spending habits. This awareness allows you to make better finance moves that work for you. Think about your budget as a roadmap to your financial future, not a cage.   

Something tells me I just maybe the boring friend you know, but hey at least I got your back!

Wrapping it up:

Before reading about these money myths, did you hold any of these beliefs in your mind? We hope that after going through these myths and reading why they’re not necessarily true, you have discovered a financial power to harness and work toward a better future for both you and your family.   

Money myths can be funny, but they often stem from a mix of truth and misunderstanding. By recognizing and debunking these myths, you can approach your finances with clarity and a more informed perspective. Remember, financial health is about knowledge, balance, better choices, and sometimes, enjoying that ice cream without guilt. Just make sure you invite that boring friend over that can talk about finance all day for ice cream too!