FYI: WHEN YOU WERE growing up, did you ever hear stories like these?
“f you swallow gum, it will stay in your stomach for seven years.”
“If you keep making that face, it will freeze that way.”
“If you drink coffee, it will stunt your growth.”
“If you watch too much TV, your eyes will turn square.”
In hindsight, these stories are funny and harmless. But problems can arise if, as adults, we make important decisions based on misinformation. Within the world of personal finance, the topic that seems most susceptible to tall tales is Social Security. I regularly hear people attack it, arguing that it’s a Ponzi scheme or that it’s going to go broke.
Regards,
Ted
http://www.humbledollar.com/2018/07/telling-tales/
