Saving Money

5 Common Misconceptions About Money

The claim could be made that money is the dominant life form on the planet. We have created a monster which some of us have become so obsessed with that we forget about what truly matters in life. However money is not a monster, rather our approach to how we think about money is what’s at the heart of the bad rap money has received over the years.

Here are five common misconceptions about money.

1. Money Doesn’t Buy Happiness

We’ve heard this a million times but it is only partially true. The thing is, money can buy us the freedom to be happy. Think about it. With enough money to ensure our home, cars and goods are completely paid for and that we never have to think of going hungry again, a large portion of the worry we all carry with us daily has been removed. Being more at ease, feeling more secure, we are free to do the things that make us happy. Not buy them. This is the only form of happiness money can buy. If you think having a pile of cash brings happiness like flicking a light switch, then the old adage holds up and you’re in for a very unpleasant surprise.

2. Money Doesn’t Grow On Trees

Actually it does. Sort of. In the 21st Century there are so many ways to make money, that you might want to double check that pile of leaves for greenbacks, the next time you go out to rake the yard. With initiative and drive the internet provides endless ways to make money. From blogging to online selling and Ebay, there are bucks to be made. You get to be your own boss and work from the home you’re paying for anyway. What are you waiting for?

3. A Penny Saved Is A Penny Earned

Earned where? In a bank? Not likely. Most savings and checking accounts in banks offer little or no interest to speak of unless you’ve got a whopping balance. You’d be better off stuffing a mattress or, better yet, funnelling those pennies into a home business that will turn a profit your bank statement never dreamed of.

4. Money Is The Root Of All Evil

When you stop and think of what some of us have done and still do for the almighty dollar, it can make your head swim. Humans lie, cheat, steal, and kill for a buck. And it’s easy to blame money rather than look in the mirror. Money is just printed paper to which we apply a value. It has no power other than what we give it and it controls us only to the extent we allow ourselves to be controlled.

5. You’ve Got To Spend Money To Make Money

Time is what you need to make money these days. With the internet and social networking, you can turn your passion for just about everything into a few bucks courtesy of the global village. And, you can do so at little or no charge to yourself.
This article was written by Andrew Salmon from the life insurance quote website LifeCover.ca.

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