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Category Archives: Money Myths
I’m Working On My Debit Score
I have a motto: “Say NO to FICO, I’m working on my DEBIT SCORE”. FICO is the company that collects consumer credit data. They are in the business to sell this information to companies and offer to sell it to you with your “Credit … Continue reading
Myths vs. Truths: The Truth About Flood Insurance
Myth: My house isn’t in a flood plain so I don’t need flood insurance. Besides, it’s too expensive. Truth: You need flood insurance, and it’s so inexpensive you’re foolish not to get it. This subject confuses a lot of people. … Continue reading
Posted in Money Myths, Myths vs. Truths
Tagged flood insurance, insurance myths, Myths vs. Truths
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Myths Vs. Truths: The Truth About Saving for Retirement
Myth: I can save for retirement when my income increases. There’s always more time to invest. Truth: Time is running out and waiting to invest guarantees you an undignified retirement. Let’s use the example of brothers Ben and Arthur. Ben … Continue reading
Posted in Money Myths, Myths vs. Truths
Tagged 401(k), IRA, nest egg, retire early, Retirement, time value of money
3 Comments
Myths vs. Truths: The Truth About Credit Card Rewards
Myth: Credit Card Rewards are a smart way to build your credit score and to earn something back while spending. Truth: You end up spending more money to earn your Credit Car Rewards than the reward is worth. The first … Continue reading
Posted in Money Myths, Myths vs. Truths
Tagged airline miles, cash envelope system, credit card, credit card rewards
3 Comments
I’m an Idiot, not a Financial Expert
Matt Wegner is a finance and business coach dedicated to teaching the principles of successfully living debt free. Learn more at www.financialexcellence.net <object width=”425″ height=”344″><param name=”movie” value=”http://www.youtube.com/v/9bvyzoOZDwA?hl=en&fs=1″></param><param name=”allowFullScreen” value=”true”></param><param name=”allowscriptaccess” value=”always”></param><embed src=”http://www.youtube.com/v/9bvyzoOZDwA?hl=en&fs=1″ type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” width=”425″ height=”344″></embed></object>
Posted in Leadership, Money Myths, Myths vs. Truths, Video Posts
Tagged bad debt, good debt, Myths vs. Truths, truth about debt
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Friday Money Funnies: Dave Ramsey Debunks Debt & Tax Myths
Dave Ramsey makes fun of people who recommend keeping a mortgage for the sake of the tax deduction. Find more funny money videos at financialexcellence.net
Posted in Money Funnies, Money Myths, Myths vs. Truths
Tagged Dave Ramsey, debt myths, investing risk, money myths, tax deduction, tax myths
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Live Webinar to Support the Kayleigh Ali Vascular Anomalies Foundation
What if you could get some great financial advice at a steep discount AND support a great cause at the same time? That’s exactly the question we asked ourselves a few days ago. So we decided to provide that opportunity … Continue reading
Posted in Events, Money Myths, Myths vs. Truths
Tagged discounted seminar, financial classes, Financial Excellence, kayleigh ali, Kayleigh Ali Vascular Anomalies Foundation, live classes, live webinar, Matt Wegner, myths & truths, seminars, support a good cause, the Inconvenient Truths
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Money Myths: The Truth About the Cost of Retirement
Myth: My expenses will go down when I retire so I don’t need to save as much for retirement. Truth: With inflation, taxes and medical bills, your expenses will go up when you retire so you need to be prepared! … Continue reading
Posted in Building Wealth, Money Myths, Myths vs. Truths, Retirement
Tagged Investing, Retirement, retirement costs, retirement planning
2 Comments
The Lottery is Not Your Best Chance for Financial Security
Myth: Lottery is my best chance of becoming a millionaire. You can’t win if you don’t play! Truth: You won’t win if you do play. Lottery is a tax on the poor. Let’s look at the facts here. You’ve probably … Continue reading
Posted in Money Myths, Myths vs. Truths
Tagged gambling, Investing, investment, lottery, lotto
2 Comments
Don’t Be a Fool: Avoiding popular tax scams
Over the last year or so, I’ve been receiving an email from the “IRS” telling me there is an extra tax refund available to me. Sounds great, especially in tax season but there’s a problem with the letter. This letter is a phishing scam. Don’t fall for this. Continue reading
Posted in Money Myths, Saving Money
Tagged economic stimulus package, IRS, stimulus, tax phishing scam, tax rebate, tax return, tax scam, tax season, taxes
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