Common financial misconceptions and how to overcome them

Common financial biases and a major syndrome may be preventing you from developing a successful “money mindset.” But you can move forward once you know what they are and how to deal with them.

For most of us — and for better or for worse — our financial education begins long before our first savings account or credit card. Indeed, at the age of 3, we can grasp the concepts of money and at 7, we have habits related to money. And certainly, it doesn’t take research studies to tell us that when we’re fully formed adults, those behaviors are much harder to change.

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