Money Fallacy #1: The Checks Will Not Always Come

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When a person experiences professional success, they tend to take it for granted. Not that they don’t appreciate it or continue working hard, but that their income will continue to grow rather than stagnating or falling. This is a dangerous money fallacy, the idea that the checks will always come. People can avoid falling into this money fallacy by being mindful of the fact that good times don’t last, and by saving and investing so that the bad times will be more bearable. The good news is that the bad times don’t last, either. Read full article here

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