The Biggest Myths in Personal Finance

Some of the most repeated advice in personal finance is wrong. Saving as much as you can when you're young to benefit from compounding sounds obvious, but it ignores what economists call the life-cycle model. Following it can mean sacrificing the years when your money buys the most. In this video, I work through this myth and nine others to help you make better financial decisions and avoid costly mistakes. *Timestamps* 00:00 - Intro 00:32 - Myth #1: Saving As Much As You Can Early 03:30 - Myth #2: The Economy = The Stock Market 05:04 - Myth #3: Dividends Explain 40% of Stock Market Growth 06: