Famous Money Phrases: Truth or Myth?

There are some famous phrases that may make sense at first glance, but if we think better, we will see that they have loopholes and may not lead to better financial decisions.

We separate five examples from them to show what is true and what is myth.

“Money is never too much”

Myth! Money is related to happiness, but to some extent. According to a study by Princeton University (USA), conducted with over 1,000 people, who received less than $ 75,000 a year complained more of sadness and stress from day to day problems. However, above this range, the survey found that more money did not mean more happiness. For these people, happiness was related to personal events and personality.

“Money buys everything”

Myth! Almost everything has a price in money, but in every generalization, there are exceptions. We must not forget that sentimental value often exceeds any amount on paper.

A curious example is the proposed millionaire sale rejected by the owners of a townhouse in Vila Madalena, in São Paulo. A builder, who bought all the lots around the townhouse for a high-standard development, offered a high amount to the family who owns the property. The family, however, declined because the left is left to the family matriarch, widow Angelina Martins, 94.

In the building work samba house, carpentry played for 15 years by a couple of northeasterners and a Portuguese barber shop that has been in operation for almost 60 years and was afraid to find a new place for their business. This time the money did not speak louder.

“Our happiness depends more on what we have in our heads than on our pockets” 

"Our happiness depends more on what we have in our heads than on our pockets" 

Truth! If a certain amount of money can help you deal better with sadness, without a healthy mind you can not achieve happiness. Who says this is nothing less than the man considered the happiest in the world, Matthieu Ricard.

Former molecular biologist, the Frenchman Matthieu left his career to become a monk in Tibet. After a neuronal study at the University of Wisconsin in the United States, it was found that the monk’s brain, in meditation, has a far above average ability to experience feelings of joy and positivity.

Matthieu acknowledges that life implies various material needs, such as medicine, food, education and entertainment, but he says that one should not deny the inner needs. “Spending always falls on our feet and we must be sure that when adversity comes we will know how to circumvent it with our inner strength.” Your mind can be your best friend or your worst enemy, “says the monk.

“We do not get rich thanks to what we earn but what we do not spend” 

"We do not get rich thanks to what we earn but what we do not spend" 

Truth! Maybe this is one of the truest money phrases! Few people have enough money to fulfill their desires, so it is fundamental to know how to choose, of course, according to the reality and the priority of each one. A dinner at a restaurant can be replaced if you want to save money for a trip. Finding rides on the way to school or work can save a significant amount on gas. Even household bills can be reduced by saving electricity, for example.

 

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