“Money Myths Part 2” (Bountiful S5E10)

Bountiful Season 5, Episode 10 for Monday, April 1, 2019
This is a sequel to Season 3 Episode 3 entitled “Money Myths”. In it, we highlighted a few personal finance misconceptions like: 
  • keep a small balance not he credit card
  • buy as much house as you can afford
  • a four-year degree is the only way to get a good job.
Personal finance is made up of both timeless principles and cultural principles. Some people try to challenge either kind, stating those principles are no longer valid in today’s times even if they are. There’s fake financial news out there, and we wanted to highlight some of those myths.
In this episode, Gary and Christy talk about:
  • there’s no way out of a downward financial spiral
  • at a certain age, it’s too late to start saving for retirement
  • credit cards are always bad
  • working longer hours always means I’m working harder

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