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20 money tips that don't add up

Sayings you shouldn't believe
‘Neither a borrower nor a lender be’
‘Never spend money before you have it’
‘Cash is king’
‘Pay beforehand was never well served’
‘You should never get into debt’
‘It’s always better to use cash’
‘He who pays the piper calls the tune’
‘You don’t need an emergency fund when you have credit’
‘Property is the best investment you can make’
‘I am too young for a pension’
‘Blue chip shares are as safe as houses’
High risk means high return
‘Buying in bulk is a waste of money’
‘DIY saves money’
‘If I die without a will, my spouse will inherit everything’
‘You can be too old to start saving’
‘Every time you borrow money, you’re robbing your future self’
‘Stop giving away your time and talents. Value what you know and start charging for it’
‘Money can’t buy you happiness’
‘Money is the root of all evil’
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Sayings you shouldn't believe

They make good soundbites, mugs and coasters. But some sayings about money circulate so much that they become almost sacred. We debunk some of the ones you shouldn’t believe.

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lovemoney staff

15 November 2016

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