I wish that my post-pandemic self could go back and tell my pre-college self to not believe in a bunch of myths involving money. If you are reading this while sitting in your time machine, please deliver this article to 22-year-old Chris Lose in Las Vegas circa 2000 so he can stop believing the following myths:
- Money is meant to be spent
- Paying the minimum amount on his credit card is a sustainable way of living
- The next gig will take care of your current debts
- You just need to work harder to make more money
- You don’t need to start saving until you’re older
- Investing is just gambling your money
Financial planners like Kevin Christopher, a.k.a. “Deuce,” a 25-year veteran of the industry and a financial planner, can help us to remind our current selves that having more than one strategy is important to providing for ourselves and our families in these times of turmoil.
Chris Lose, from “LD-at-Large,” PLSN, May 2021
