Money Myths

Money Myth Video #8: The Stock Market Is the Best Place to Invest Long-Term

As Prosperity Economics Movement co-founder Kim Butler explains in this Money Myth video, the real problem with this myth is how it has LIMITED our ideas of what most people consider an “investment”! There’s nothing wrong with holding some equities in your portfolio—most people do. And while stocks can still perform well over the long …

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Money Myth #6: Average Rate of Return Equals Actual Rate of Return

Is the average rate of return of an investment the same as the actual rate of return? Unless the investment has a fixed rate of return (for example, earning 5% each and every year), they are NOT the same! Sometimes, they are very different. This sleight of hand is one reason that investor returns are …

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Money Myth #5: You Should Max Out Your 401(k)

It’s common advice, perhaps the most ubiquitous financial advice ever: “Max out your 401(k).” But is it the right advice for you? Probably not, says Prosperity Economics Movement co-founder, Kim Butler. And in this money myth video, she explains why, and gives you a different guideline for how much money you might want to contribute …

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Money Myth #3: You Should Buy Term and Invest the Difference

Does It Work to “Buy Term and Invest the Difference”? This money myth has sold a lot of term insurance… which can be a good thing! However, it has also compromised a LOT of families and left them with less savings and no permanent protection. In this video, Prosperity Economics Movement co-founder Kim Butler tells us …

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