The Rules of Wealth, 3rd Edition

RULE 7

Understand your money beliefs and where they come from

We all grow up with money myths. We get a lot of them from our parents and the way they bring us up. I can still hear my mother saying, ‘A penny saved is a penny found’, and to this day I still have no idea what it means. Maybe I’m lucky. My money myths are based on a lot of nonsense like that. But most of us have the following ingrained beliefs:

• Money is the root of all evil.*
• Money is dirty.
• I don’t deserve to be rich.
• Money is only made by the greedy and dishonest.
• Money corrupts.
• You mustn’t brag about money – never say how much you earn, are worth or paid for something (unless it is a bargain).
• You can’t have money and be ‘spiritually pure’.**
• You lose your friends if you get ...