Tag Archives: money myths

Friday Money Funnies: Dave Ramsey Debunks Debt & Tax Myths
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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

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Myths vs. Truths: The Truth About Credit Cards & Emergencies
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Myths vs. Truths – Exposing the false beliefs of the financial world Myth: It’s smart to keep at least one credit card for emergencies. Truth: An emergency is NOT a good time to borrow more money. Using a credit card … Continue reading →

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Myths vs. Truths – The Truth About Tax Deductions
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Myth: You should avoid paying off “good debts” like home mortgages so you can get a bigger deduction on your taxes. Truth: Making any financial decision based solely on the amount of a tax deduction is a really, really bad idea. Continue reading →

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Myths vs. Truths – The Truth About Credit Cards
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Myth: It’s smart to use your credit card if you pay off your balance each month. Truth: Even if you pay them off each month, credit cards are costing you more in the long run. Continue reading →

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Myths vs. Truths – The Truth About Actively Trading Stocks
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- Exposing the false beliefs of the financial world Myth: You can get the best return on your investments by getting in and out of the market at the right times. Truth: Actively trading stocks while trying to beat the … Continue reading →

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Myths vs. Truths – The Truth About Your Credit Score
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A good credit report is important, but a credit score is basically only needed if you borrow money. In fact, you can’t have a credit score unless you borrow money. Let’s take a look at what determines your FICO score. Continue reading →

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Myths vs. Truths – The Truth About Car Payments
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Myth: Car payments are just a way of life. You’ll always have a car payment. Truth: Car payments are NOT a way of life. In fact, they’re a really, really bad idea. The average millionaire drives a used, paid for vehicle. Don’t think they bought it new or paid cash for it because they have millions of dollars. They have millions of dollars because they pay cash for cars and avoid payments like the plague. Continue reading →

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