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6 Money Myths That Kept Me Broke for 20 Years | YNAB
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6 Money Myths That Kept Me Broke for 20 Years | YNAB

www.ynab.com·Erin Lowell|June 19, 2025·about 1 month ago
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For the first forty years of my life, I thought I understood money. I thought I was doing it right. But as it turns out, my understanding of money wasn't entirely my own—society had already done much of the shaping. And wouldn't you know it, pretty much none of it was true. These things I believed about money turned out to be money myths. They were lies. Misconceptions. Bad financial advice passed down as common sense. And they're insidious. They don't announce themselves. They don't show up as bold proclamations. They just… hum in the background. Money myths linger like a shadowy fog, shaping how you see personal finance without you even realizing it. You don't question them because there's nothing visible to question. It's just… the way things are. (Until you know better.) And before you know it, they've settled in. They're guiding your financial decisions and shaping your assumptions—until one day, you wake up and realize your financial situation has been shaped by beliefs you never questioned.…

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