5 Personal Finance Myths Which Can Make You Loose Money
2. The More You Earn, Richer You Get!
This is a common notion most of the people have. "Affluence Intelligence" co-author Stephen Goldbart says that, “The more people earn, the more they tend to spend.”
People start spending more money, when they start earning more. This happens when they get additional access to cash and buy things that they have been planning and couldn’t get due to shortage of cash. This also describes that why most of the lottery winners go bankrupt as they fail to handle the sudden money.
3. Higher Degrees Will Fetch You Bigger Salaries
If you have been thinking that a higher college degree can fetch you a handsome package, you might like to rethink. Research from Georgetown University represents that college graduates nearly earns $1 million over a lifetime, whereas people holding higher degrees like doctoral merely earn $1 million more.
Moreover it is also regarded that experience counts more than just degrees. Therefore if you are a simple college graduate but have rich practical experience in your field no one can stop you to earn big bucks.
