4 money myths you shouldn't believe 🦄 - The Grown-Up School (2024)

4 money myths you shouldn’t believe –

Introduction 👋

It’s easy to get confused when taking the leap into learning about money. 😬

There are so many different bits of advice people tell you – which should you believe? 🤔

Here are our top 4 money myths, that you shouldn’t listen to! 🦄🙉

Disclaimer: This website provides information for guidance and educational purposes only. The Grown-Up Schooldoes notprovide regulated financial advice. You can seek independent financial advice from a suitably qualified and regulated professional advisor. Check out ourdisclaimer policyfor more information.

Myth 1 – Money doesn’t buy you happiness 🤷‍♀️💸

You must’ve heard this one! – The idea that money has nothing to do with how happy you can be. 🤷‍♀️

It’s a myth! 🦄

Money can buy you happiness (sort of). 💸

Money pays for your basic needs 🏕️

It can give you:

• Food and water 🍔💦
• Shelter and warmth 🏡🔥
• The ability to rest and take a break 😴🛀
• Safety and security 🔐
• Healthcare 👩‍⚕️🩹

These are some of your most basic needs!

Living without your basic needs covered can make life stressful, and make it quite difficult to be happy. 😕

Money pays for experiences that can make you happy 🏞️

Not only can money cover your basic needs, but it can also give you life experiences that bring you happiness. ✨

Research has shown that life experiences can bring us lasting happiness. ☀️

Things like:

• Watching sports events 🤽‍♀️
• Restaurants 🍛
• Comedy shows 🥸
• Family/friend nights 👪
• Hiking 🏞️
• Reading a book 📖
• Hosting a BBQ 🍳
• Music shows 🎶
• Bowling 🎳
• Growing a plant 🌱
• Going on holiday 🏖️
• Drawing a picture 🎨

give us happy memories that can last a lifetime.💖

And a lot of them cost money! 💳

Money gives you choices ✅

If you have financial security, you get a lot more options in life. 🤔💭

You can:

• Take holidays 🏖️
• Leave a bad relationship 💔
• Start your own business 💼
• Live independently 🏡
• Donate money to charities 💖
• Choose where you work 💃🕺
• Buy treats for yourself and others 🎁
• Choose where you live 🗺️
• Travel ✈️

These choices can make you happier in life. ☀️

Money can buy you happiness – but it doesn’t guarantee it. 💸👍

Money can buy you happiness by improving your life. 🌅

But, it doesn’t guarantee that you’ll be happy and fulfilled all of the time. ☀️

It’s commonly known that some rich people or celebrities struggle to be happy, despite having lots of money. 🤷‍♀️💰

If you don‘t feel like you have meaning or a purpose in life it can be a struggle to find happiness, not matter how much money you have. 😟💸❤️

But despite this, don’t let the saying “Money can’t buy you happiness” make you feel guilty or greedy for wanting money! 🐷

It’s not greedy to want money if you’re not already rich – money can make a huge difference to your life and happiness! 🪜✨

Myth 2 – “You shouldn’t talk about money” 🙊🤫

Money can be ataboo topic— a lot of people don’t want to talk about it. 🤐

But, it is something thatwe all need to talk about. 🔊

Talking about money can help you to:

• get on top of your finances 🌪️
• increase your income 📈
• save money 💰
• improve your relationships 💞
• reduce stress 🛀

Why you need to start thinking (and talking) about money💸

If we don’t talk about money, how else can we learn about it? 🧐🎤

The idea that “You shouldn’t talk about money” is a myth! 🦄

Myth 3 – You should “just know” how to look after money 🤔💭

One of the biggest myths about money is that people can “just know” how to look after it. 🦄

If nobody taught you how to look after money, why would you expect yourself to be good at looking after money? 🤷‍♀️

You wouldn’t have a go at someone for being a bad driver if they’ve never had driving lessons, would you? 🚗💨

Money management is a skill to practice, learn, and study. 🛠️👩‍🏫

Don’t be hard on yourself if you don’t know a lot about money! 🤷‍♀️

It’s all about learning step by step – and The Grown-Up School is here to help you do that. 👣✨🎓

Myth 4 – If you work hard, you’ll get rich 💪💸

If you’re the kind of person who works hard, that’s amazing!💼

Being a hard worker increases your chances of making lots of money. 🏆

But unfortunately, it doesn’t guarantee that you’ll become rich. ☹️

You might work really hard to keep your house super clean. 🧽🧼

Does that mean you’ll become super rich? 💸

Sadly not. 😟

A lot of jobs don’t pay enough money to live comfortably. 😞

You could work really hard in a job that doesn’t pay very well. 💪👎

Does that guarantee that you’ll become super rich? 💸

Still no. ☹️

Making a lot of money depends on a lot of different factors – not just how hard you work. 📝💼

And a lot of these factors could be completely out of your control! 🤷‍♀️

This includes things like:

• Where you were born 🗺️
• How much support is available to you from the government 🏛️
• If you were born into a wealthy family 💸
• What kind of opportunities you come across 🔎
• How much financial support you have from family/friends 👪
• What you’re good at 💃
• How much people are willing to pay you 💰
• Your life experiences (good and bad)🏞️
• Who you’re lucky enough to meet/know🕵️‍♀️
• If people will treat you fairly or not 🤝👩‍⚖️

So, if you’re not rich, don’t be hard on yourself! 💖

Don’t tell yourself it’s because you’re not working hard enough.

You wouldn’t tell a hardworking, poor family that they’re not working hard enough, would you? 🤔

Give yourself that same care. 🙏

It’s all about being kind to yourself and getting on top of your money step by step 👣✨🎓

Conclusion 👍

So that’s it!

You should believe that:

• Money can buy you happiness (but doesn’t guarantee happiness). 🌈
• You should definitely talk about money! 🎤
• Learning about money comes from studying – you shouldn’t be expected to “just know” how to make money and look after money. 🤓
• Working hard is great, but it doesn’t guarantee that you’ll become rich 💸

If you know anyfriends or family memberswho might benefit from learning about money myths,share this postwith them!

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