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Personal finance
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News1813-12-2025, 19:20

8 Money Myths Middle Class Must Forget Today

  • Traditional money advice, while well-intentioned, often hinders financial growth in today's economy.
  • Fixed Deposits (FDs) offer low returns that barely keep pace with inflation, emphasizing the need for growth-oriented investments.
  • Not all debt is bad; 'good debt' like home or education loans can accelerate progress, unlike unplanned, expensive debt.
  • Gold should not be the sole investment; equity and mutual funds offer better long-term wealth creation.
  • The stock market is not gambling when approached with strategy and discipline; starting investment early is crucial for significant wealth accumulation.

Why It Matters: Ignoring outdated financial advice can harm your wealth building.

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