21: 5 Money Myths Preventing You From Living the Life of Your Dreams

Girl on FIRE

🎙 Budgeting may be the foundation you need to start investing and building real, lasting wealth. But it’s often seen as a chore that no one wants to spend time on. It’s easy to keep making excuses and believing the myths that tell you budgeting isn’t going to work for you. But those myths are keeping you broke, keeping you miserable and stopping you from building the life of your dreams. It’s time to bust those myths and stop making excuses. 🤔

This episode discusses topics like:

🌟 The #1 excuse I hear about why people don’t like budgeting and why it’s completely wrong;

🌟 Why earning weekly, bi-weekly or irregular income doesn’t mean you can’t budget; and

🌟 The worst excuse that’s going to keep you broke, unhappy and struggling with money for the rest of your life.

Links from this episode:

Episode transcript & show notes: https://www.papermoneyco.com/21-budget-myths

20 Lottery Winners Who Lost Every Penny: https://www.businessinsider.com.au/lottery-winners-lost-everything-2017-8?r=US&IR=T

Time codes:

00:00 Hello & Welcome!

03:05 #1 Budgets Are Too Restrictive & You Can’t Have Any Fun

06:56 #2 I Can’t Budget Because I’m Bad at Maths

09:58 FIRE & Investment Calculator Spreadsheet

11:52 #3 I Can’t Budget Because I Make an Irregular Income

15:32 #4 I Get Paid Weekly So a Monthly Budget Won’t Work

18:46 #5 It’s Only for People Who Are in Debt or Struggling Financially

23:36 Next Weeks’ Episode

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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.