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
06:29 - Myth #4: Index Funds Only Give You Average Returns
08:22 - Myth #5: The Shiller CAPE Ratio is an Omen
11:14 - Myth #6: If Warren Buffett Can Beat The Market, So Can You!
12:36 - Myth #7: Bonds and Cash Are Safe Investments
14:41 - Myth #8: Gold is an Inflation Hedge
17:13 - Myth #9: Renting is Throwing Away Money
18:08 - Myth #10: Debt is Always a Bad Thing to Have

Most people save without knowing their real "why." Free exercise for Canadians to find it.
https://research-tools.pwlcapital.com/research/goals?utm_source=research&utm_medium=planningtools&utm_campaign=ben_yt

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*References*
https://zbib.org/0c839e157db54d61a1846d1328b277be

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