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Erik Bosman, a licensed financial advisor with Strategic Wealth Designers debunks NINE MONEY MYTHS. Which myths have you fallen for and which ones have you been warning your loved ones against? In this video you’ll hear Erik debunk the idea that credit cards are bad, that you have to be rich to invest, that the bank is the safest place for your money, and much more. Let us know in the comments what you think about these myths and what else you’d like to see Erik discuss in future videos. Follow us on Facebook and Instagram: Facebook: facebook.com/strategicwealthdesigners Instagram: instagram.com/strategicwealthdesigners #financialadvisor #financialeducation #finance 00:00 Introduction 00:52 Credit Cards are the Gateway to Debt 01:42 All Debt is Bad 02:33 Don't talk about money problems 03:33 It's smarter to buy than rent 04:44 You need a lot of money to invest 05:43 The safest place for money is the bank 06:59 Don't save for retirement in your 20s 07:38 Gold is the safest investment 08:42 Life insurance is just for wage earners