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Money sayings that don't make sense

Financial 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’
‘You don’t need an emergency fund when you have credit’
‘Budgeting is essential’
‘Renting is like throwing money away’
‘Scholarships reduce college cost’
‘I'm too young to save for retirement’
‘I'm too old to start saving’
‘Blue chip shares are as safe as houses’
'High risk means high return'
'Sell in May and go away'
‘Buying in bulk is a waste of money’
‘DIY saves money’
‘If I die without a will, my spouse will inherit everything’
‘Deferring taxes is a good way to keep your money’
‘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’
'Buy the rumour, sell the news'
‘Money can’t buy you happiness’
‘Money is the root of all evil’
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Financial sayings you shouldn't believe

If there's a time-honoured saying about something, it's probably true, right? Wrong, actually, in these case of these oft-quoted pieces of money advice. Whether it's sayings about cash, savings or mortgages, these seemingly harmless soundbites might look good on a coaster but in the real world they simply don't ring true. Click or scroll through to see the money sayings you need to stop believing.
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lovemoney staff

04 May 2021

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