The first myth uttered by most people I know is that: “Investing is only for the rich.”
“Ah! You can only invest because you have a $5k salary, and you have no debt, and you’re single, and you don’t have a house to pay for, or a girlfriend/boyfriend to spend it with, or parents to pay a stipend to. And you don’t have bills. No insurance premiums. No ongoing hobby. No children to care for. Of course easy to invest la.”
Unnamed relative.Well.
No.
Not at all.
That’s not true in the slightest.
I don’t have a $5,000 salary.
I don’t have student debt because I worked 4 nights a week, 13-16 hours shifts at Cisco to get 1.8k plus a month as a part-timer in addition to what my parents could provide.
I’m not single.
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