Money Myths Busted: Taking it further

Money myths abound throughout our society and are fed a rich diet by politicians and wannabes … in addition to our parents, friends and relatives who mean well, but aren’t always right. As I was watching this segment - while on the treadmill this morning, gotta keep those holiday calories in check - it occurred to me that what this woman was saying about individual finances applied just as well to the finances of a nation.

Watch and listen. Pay particular attention to what she says about debt - “debt isn’t bad or good. It’s just a tool.” Think of this in regard to those in Washington D. C., and those who’d like to be there, who keep chanting the mantra of deficit spending is just plain bad.

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The point I want to make here, is that slogans conveying simplistic thinking are what you can get in our society as a replacement for thoughtful analysis derived from facts - particularly if you watch nothing more than Fox News. In fact, that was recently proven by a scholarly study of Fox viewers compared to people who got their information from a wider variety of sources.

Challenge your assumptions.