Killing Sacred Cows Overcoming the Financial Myths That Are Destroying Your Prosperity 1st edition by Garrett Gunderson – Ebook PDF Instant Download/Delivery: 1626349835, 9781626349834
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Product details:
ISBN 10: 1626349835
ISBN 13: 9781626349834
Author: Garrett B. Gunderson
Killing Sacred Cows Overcoming the Financial Myths That Are Destroying Your Prosperity 1st Table of contents:
Myth 1: The Finite Pie
Scarcity thinking brings out the worst in us including fear, pride, jealousy, selfishness, and adversarial competition. Replacing scarcity with abundance helps us to increase our creativity, productivity, health, wealth, and happiness.
Myth 2: You’re in It for the Long Haul
The accumulation theory of wealth creation, which teaches us to save money and compound interest for long periods of time, prevents us from achieving our full potential. A more productive financial theory is utilization, which helps us to maximize our value creation and therefore our wealth in the present moment.
Myth 3: It’s All About the Numbers
Prosperity has less to do with our financial numbers on paper and more to do with our happiness and fulfillment. This shift in mindset helps us to put numbers in their proper perspective.
Myth 4: Financial Security
True financial security does not come from the government, corporations, benefits, and entitlements; it comes from within us. Taking responsibility for our wealth leads us to transcend false security to find both true security and freedom.
Myth 5: Money Is Power
Money has no power except the power that people give it. Money is an effect, or a byproduct; value creation is the cause.
Myth 6: High Risks = High Returns
“High risk equals high return” is a gambling, not a true investing, philosophy. The best and safest investments are those that align with our passions, knowledge, and abilities and that we can control.
Myth 7: Self-Insurance
“Self-insurance” really means no insurance. The best way to reduce your insurance expenses is to get the best insurance and as much of it as possible.
Myth 8: Avoid Debt Like the Plague
People fear debt because they don’t understand the technical definition. Understanding the technical definitions of debt and liabilities opens up a world of possibility.
Myth 9: A Penny Saved Is a Penny Earned
Value is a far more important consideration than price when it comes to our purchases and investments.
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