The power of the majority always rules. The following 6 myths are considered as true by most people - just ask your neighbor about any of them and you'll see. It is time to debunk them one by one and give you the real truth about the matter. Many have fallen under false premises and we are eager to liberate you from the shackles of financial deceptions.
Imagine, if you will, that you are shopping at the store with your friends and you see a big ticket HDTV that you really want. You are short on cash because you have not gotten paid yet, but they offer 12 month financing at zero interest. Sounds tempting, doesn't it? You can pay this off in a year. Not so fast. Make sure you understand what you are getting into first.
As the nation's full retirement age edges closer to 70, it means a 22-year-old college graduate has nearly 50 years to save and invest. That's why solid money habits built early can make an enormous difference, even for young people who can't afford to put away more than a few dollars a week at the start.