7 myths millennials thought would make them rich – and didn’t

1 week ago 4

Rommie Analytics

Smiling young couple putting coins into a piggy bank, symbolizing financial planning and future investment (Credits: Getty Images)

Millennials would be forgiven for thinking they’ve drawn the short straw when it comes to their finances.

With most facing sky-high house prices, mountainous student debt, and a fractious job market, achieving material wealth often seems a pipe dream.

Added into this mix are the myths many of this generation had drummed into them growing up.

Far from guaranteeing a route to financial freedom, they often had the opposite effect, qualified financial advisor Laura Churchill said.

To help address seven of the most common ones, the 33-year-old said that while this advice often ‘sounds sensible’ it ‘doesn’t always stand up to scrutiny’.

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