5 Personal Finance Sayings...And How You Improve Them

Some of the most important adjustments you need to make for better results - Frugal, net worth, debt, inflation, and becoming a millionaire edition

There are a lot of half-truths, incomplete truths, theoretically possible truths, and lies in the personal finance space. This week I picked 5 of these sayings and provide the nuance and context needed to improve on them.

It is important to gain intuition on money and finances since so much sounds good on paper (or in tweets) but is actually suboptimal when applied to your own personal situation.

We are going to cover:

• A penny saved is a penny earned

• Anyone can be a millionaire on any salary

• Your income increase needs to be higher than inflation or you lose purchasing power

• True Net Worth

• All Debt is Bad

This is another banger, so let’s get into it.