“3 Money Lies That Could Wreck Your Finances”
November 13, 2019
“1. It’s OK to hold off on saving for retirement because you have plenty of time left
…Although it’s reasonable to assume you can afford to wait to start saving if you have decades left before retirement, every year counts. You’ll likely need to build a retirement fund worth hundreds of thousands of dollars if you want your money to last through your golden years…
2. Debt isn’t that harmful because everyone has it
It’s easy to fall into the trap of thinking that because nearly everyone carries some type of debt, it must not be harmful. But debt can be dangerous, particularly if you’re saddled with high-interest credit card debt…
3. Small purchases won’t significantly impact your finances
…However, those small purchases can cost you more than you think. Say you spend $15 per day on minor purchases… But if you spend $15 every day for a year, that amounts to nearly $5,500…”
https://www.fool.com/retirement/2019/11/12/3-money-lies-that-could-wreck-your-finances.aspx