11 Myths About Money (2022 Update)

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Updated: May 11

By: Scam Risk - Expert Reviewer

11 Myths About Money

What is true about money is that the more of it you have, the more good you can do for other people and the world.

The more you accumulate and the more it works for you, the more charitable giving and employment opportunities you will have.

You can bless others by being financially responsible.

Everyone has personal biases that influence how they save, spend, and earn cash.

In this review, I’ll discuss about different myths about money and how it can affect to a person’s belief. Let’s get started!

DISCLAIMER:
This 11 Myths About Money Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

Table of Contents

Pros: What I Liked

  • Indicates objective truths about money.
  • Variety of purposes.
  • A profound and meaningful understanding of money.
The Good

Cons: What I Didn't Like

  • We can't be certain that we're grasping the correct truth.
  • We don't know which myths convey objective truth.
  • Disputes over-literal truths.
The Bad

There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.

And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.

Just like 11 Myths About Money. Here’s the hard truth, though…

Most of these programs:

  • Take way more time than you’re led to believe
  • May have hidden fees
  • Require you to buy multiple upsells in order to get the “real” information

But most importantly, a lot of these programs just don’t scale.

“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.

The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.

In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.

This is the exact opposite of passive income

When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.

So, what if there was a way you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Inventory
  • Selling to friends and family
  • Selling to strangers
  • Recruiting people
  • Dealing with questionable products that weigh on your conscience

An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?

An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?

If that sounds like something you’d be interested in, check out Digital Real Estate. 

TESTIMONIAL - STILL GETTING PAID

This is nothing like business general, and that’s probably a good thing.

However, if you’d still like to know more about 11 Myths About Money, keep reading.

Let’s be honest. Numerous myths masquerade as truth. But the truth is that these myths keep broke people. Well, broke!

Don’t worry; you’re not alone. That is why I have gathered the following list. It’s past time to expose these long-held “truths” for what they are: myths. Furthermore, once you know the truth, you can begin your journey toward financial peace.

1. Too Old To Win Money

Too Old To Win Money

It’s never too late to make extra money for the future. It makes no difference how old you are.

What matters most is that you begin right away! If you have debt holding you back, it is time to pay it off as soon as possible.

Everyone’s definition of retirement will be different. Perhaps it’s travel and leisure for some. For others, it’s the opportunity to pursue a second career like online tutoring or a virtual assistant they’ve always wanted .

Maybe you want to ensure that you have left a legacy for future generations of your family. Whatever it is that you accomplish, you can do it!

2. Don’t Make A Loan To Someone Else

Midsection Of Woman Giving Currency From Wallet

The idea of don’t lend money to someone else is a bad habit and for me it is selfish move. I don’t say that lend money to every people who are in needs of money, but lend some if you have more.

Peer-to-peer lending is when you lend extra cash to someone else, who repays you with interest. The brilliance of peer-to-peer lending is that you can lend as little as $25 and have your loan bundled into a larger loan for the borrower.

They will repay you the principal and interest each month. Because you get your principal back each month, you can leverage this initial investment into several other assets. Many lenders earn between 5% and 7% on their investments.

3. You Become Wealthy If You Earn A Lot Of Money

You Become Wealthy If You Earn A Lot Of Money

A high income means you make more money fast than many others. High salaries, however, do not always translate into higher net worth. It takes discipline to avoid spending money on more of your wants as your paycheck grows.

A bigger house, a more expensive car, a larger savings account, solid internet connection, stock photo sites and more expensive vacation rental website will not make you wealthy. “The more you make, the more you spend,” as the saying goes, accurately describes lifestyle inflation.

You can adjust your budget while still enjoying some of your earnings. However, achieving an adequate level of wealth necessitates paying attention to your spending, focusing on your financial goals, and investing for the long term is a must try to do.

4. To Save Money, Don’t Use Automatic Receipt Checking

To Save Money Dont Use Automatic Receipt Checking

Do you go shopping a lot but don’t always keep track of prices afterward? Did you know that prices change online and that most merchants offer a price guarantee in exchange for a guarantee favorable reviews? Paribus is a tool that scans your email receipts to see if anything you purchased online requires a price adjustment.

Paribus collaborates with various retailers, including Walmart, Costco, Target, and others. It checks their websites and your inbox to see if you can save money. It will even file the claim on your behalf!

5. Credit Cards Will See Me Through Any Financial Difficulties

Credit Cards Will See Me Through Any Financial Difficulties

What is the point of having an emergency fund? I’ve got credit cards!

The truth is that relying on credit cards to get you through a financial emergency is a surefire way to end up in deep debt. You’ll be paying back a lot more than you spent because of interest. When you pay with plastic, you’re also more likely to overspend.

Credit cards should not be used in a genuine financial emergency, such as job loss, divorce, or illness. It will always be about money-making ideas on how a credit card can save your money. It’s best to keep three to six months’ worth of living expenses in an emergency fund, so you’re completely prepared for the unexpected.

6. Investing Is For Rich People

Investing Is For Rich People

Investing in stocks is another way to make good money fast but it is not just for rich people, it is also for you. If you aren’t an expert at picking stocks, you may find ways to make money on this money-making idea.

While it has one of the highest rewards, it can also result in financial loss if you are inexperienced. Look into your company’s financial programs if you currently work a 9 to 5 job.

Do they allow you to buy company stock? Sign up if this is the case. As an employee, at least with a company stock program, you have some say in the company’s success.

7. Will Always Be In Debt

Will Always Be In Debt

What you think about this statement will determine whether or not it is true. Online surveys may provide information about this data entry, but you’re probably correct if you think you’ll always be broke.

And guess what? Your beliefs have a direct effect on what you do. So, if you believe you’ll always be broke, you’re probably not looking for ways to get ahead.

Let’s change that mindset! When broke people finally decide they’re sick and tired of being sick, they get out of debt! It will take time and effort, but you can become debt-free!

8. You Should Not Discuss Your Financial Problems With Others

You Should Not Discuss Your Financial Problems With Others

There is an unspoken rule that you should not discuss financial difficulties. Money is a very personal subject that can lead to judgment and scrutiny. But take note that you should not discuss your financial problems on your own website or social media accounts it may affect your online tasks.

While it may appear that hiding money problems is easier than facing them and talking about them, staying silent may be worse. Your financial stress is detrimental to your health.

Economic issues are a leading cause of divorce in many couples. Kids can tell when you’re trying to hide money problems.

Talking about money regularly can help you solve problems and keep them from affecting your health and relationships. When you start talking about your financial problems, you’ll realize you’re not alone, and that money doesn’t have to define you. You can seek assistance and begin assisting others.

9. You Work Hard And Expect To Treat Yourself To Nice Things

You Work Hard And Expect To Treat Yourself To Nice Things

You are conscientious and put forth your best effort at work every day. However, you enjoy spending money to reward your productivity, such as purchasing an online course from an online store.

There’s nothing wrong with splurging on nice things you can afford with your earned money. However, you should be cautious about how frequently you make purchases with this attitude. You may be able to afford amazing things, but not everything wonderful you desire.

Consider your needs versus your wants. Set up a financial plan to save for a purchase you’ve been eyeing.

Alternatively, include a line item in your budget for low-cost self-care options. When rewarding yourself for a work well done, do everything you can to avoid incurring debt.

10. To Manage Your Finances, You Should Consult With A Professional

To Manage Your Finances, You Should Consult With A Professional

There’s nothing wrong with hiring someone to assist you with your financial management. That doesn’t mean you shouldn’t take an active role in better understanding your current and future finances.

Many people believe that investing is difficult and requires someone with experience and certifications to make recommendations and monitor investments. However, keep in mind that some financial services charge exorbitant fees, which can add up over the decades you’re saving for retirement.

While numerous excellent financial advisors and virtual assistants can work through their online sites and make their test websites worthwhile, you also have other options. First and foremost, improve your financial literacy.

Thousands of financial planning books, blogs, podcasts, and courses are available to teach you the fundamentals of investing. You can also hire a service charge financial planner rather than someone compensated through product commissions. Only you can determine your financial comfort level, but don’t entrust all of your financial planning to someone else.

11. The More Money You Have, The More Content You Will Be

The More Money You Have The More Content You Will Be

Having enough money to cover all of your needs and some of your desires while also saving for a comfortable retirement can keep you smiling. But there’s also the adage that money can’t buy happiness.’ Many millionaires and lottery winners can buy whatever they want and are still unhappy.

While those who struggle to pay their bills would feel less emotional pain if they had more money, research on high income shows a threshold (approximately $75,000) beyond which more money no longer improves your emotional well-being. Because everyone experiences happiness differently, it’s critical to determine what you require to improve your emotional well-being. Increasing one’s salary may not be the answer.

Is 11 Myths About Money A Scam?

Is 11 Myths About Money A Scam

So, is 11 Myths About Money a scam? Not technically. You can make money with this, but it’s definitely not as easy as they make it sound.

There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.

Now, there’s nothing wrong with front-loading the work and making the money later.

But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?

What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?

And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Real Estate

And you can legitimately do this from anywhere. It’s a true lifestyle business.

Your laptop and an internet connection is all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

TESTIMONIAL - SAYING GOODBYE TO OUR JOBS

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period of time, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip, or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.

What Is My Top Recommendation For Making Money In 2022?

Digital Real Estate

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business”, the research IS conclusive:

Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.

Why?

1. It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.

TESTIMONIAL - JUMP ALL IN

2. You Own & Control EVERYTHING: With this business in general, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.

Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.

With Digital Real Estate, you own the assets, which means you have all the power and all the control.

TESTIMONIAL-FEELING-BLESSED

3. Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

TESTIMONIAL - LANCE LEAD GEN

4. Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with 11 Myths About Money, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.

TESTIMONIAL - ANNA DONE DEAL

5. Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.

TESTIMONIAL-BOSS-OF-MY-FUTURE

Now, the choice is yours. You could continue browsing, looking at opportunities like 11 Myths About Money which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.

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