8 Outdated Money Myths Middle Class Must Correct

• Traditional financial advice, like FDs being the safest investment, is often outdated due to inflation and new investment options.
• Fixed deposits (FDs) typically only match inflation, failing to grow wealth; a combination of security and growth is now essential.
• Not all debt is bad; good loans (home, education) can accelerate progress, while uncontrolled and expensive loans pose the real risk.
• The stock market is not gambling when approached with strategy, discipline, and a long-term view, unlike investing without a plan.
• Insurance is for protection, not wealth creation; policies like endowment plans offer low returns, making it crucial to separate investment from insurance.

Why It Matters: Correcting 8 outdated financial myths is crucial for your wealth growth today.