5 Financial Myths You Need to Stop Believing Now!

Myth 1: "Saving money in savings is the best way to save"

For a long time, savings were considered a safe haven for saving money. However, in recent years, its yield has been extremely low, often losing out to inflation. This means that by keeping your money in savings, it could be losing value over time.

Alternative: Consider other more profitable and safer investment options, such as Tesouro Direto, CDBs or fixed income funds. These instruments offer a higher return and help protect the purchasing power of your money.

Myth 2: "Credit cards are the villain of personal finances"

Credit cards are often seen as an enemy of financial control, but they are just a tool. The problem is not with the card itself, but with the way it is used. Impulsive purchases, lack of planning and paying the minimum bill are the real causes of debt.

Alternative: Use your credit card to your advantage! Take advantage of cashback and miles programs, and pay your bill in full every month. In addition Furthermore, keep strict control of your expenses to avoid surprises.

Myth 3: “Investing is too risky for ordinary people”

Many people believe that investing is a privilege reserved for the rich or those who understand a lot about economics. This idea keeps small investors away from opportunities that could transform their financial lives.

Fact: The investment market is accessible to everyone, and there are options for different risk profiles. From conservative investments, such as fixed income, to more daring investments, such as the stock market, it is possible to create a portfolio suited to your reality and objectives.

Tip: Start with small amounts and seek knowledge. Platforms like B3 and brokers offer free courses for beginners.

Myth 4: "Buying a property is always the best investment"

The idea that buying a property is synonymous with financial security is deeply rooted. Although it may be a good choice in some cases, it is not always the best investment.

Why? Maintenance costs, taxes (such as IPTU) and lack of liquidity make real estate investment less attractive for some people. Furthermore, the return may be lower than that of other types of investments.

Alternative: Before making this decision, evaluate your financial priorities and compare the cost-benefit of other options, such as investing in real estate funds (FIIs). These funds allow you to invest in real estate projects and receive monthly income without the burden of being an owner.

Myth 5: "Earning more money is the solution to all financial problems"

It is common to think that earning more money will automatically solve all financial problems. However, without good planning, it's easy to fall into the "income trap", where expenses increase in proportion to income.

Example: You receive a salary increase and, instead of saving or investing, you increase your fixed expenses, such as financing a new car or hiring more expensive services.

Alternative: Focus on creating healthy financial habits, such as setting clear goals, creating an emergency fund and investing regularly. Remember: the How you manage what you earn is more important than the value itself.

Conclusion

Financial myths can be great enemies of progress in personal finances. By recognizing and letting go of these mistaken beliefs, you take an important step towards financial independence. Remember that knowledge is power: study, seek reliable information and don't be afraid to rethink concepts. Your finances will thank you!