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	<title>Myths On Money &#187; Myths</title>
	<atom:link href="http://mythsonmoney.com/category/myths/feed/" rel="self" type="application/rss+xml" />
	<link>http://mythsonmoney.com</link>
	<description>Does it really work?</description>
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		<title>Myth: Complex Investment Schemes Work Best</title>
		<link>http://mythsonmoney.com/2009/05/myth-complex-investment-schemes-work-best/</link>
		<comments>http://mythsonmoney.com/2009/05/myth-complex-investment-schemes-work-best/#comments</comments>
		<pubDate>Tue, 19 May 2009 20:23:59 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=558</guid>
		<description><![CDATA[The Word on the Street There is a prevailing notion in our society that it is possible to get extraordinary returns out of the stock market by following a particular investment strategy, buying certain sectors of the market, finding stocks with certain characteristics, or in hiring a sharp-dressed, smooth talking account manager. The Truth While [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/05/myth-complex-investment-schemes-work-best/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: You Need Credit Insurance</title>
		<link>http://mythsonmoney.com/2009/05/myth-you-need-credit-insurance/</link>
		<comments>http://mythsonmoney.com/2009/05/myth-you-need-credit-insurance/#comments</comments>
		<pubDate>Mon, 11 May 2009 19:47:28 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=765</guid>
		<description><![CDATA[In this post&#8230; The Word on the Street What is credit insurance? How they sell it Don&#8217;t fall for it The Short Answer The Long Answer   The Word on the Street: Whenever someone wishes to make a large purchase on credit (like a house or a car), the lender will often try to sell [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/05/myth-you-need-credit-insurance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Online Resume&#8217;s</title>
		<link>http://mythsonmoney.com/2009/04/online-resumes/</link>
		<comments>http://mythsonmoney.com/2009/04/online-resumes/#comments</comments>
		<pubDate>Fri, 01 May 2009 01:38:27 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Misc.]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=761</guid>
		<description><![CDATA[Anybody who happens to be job hunting right now might be interested in something I just read. The Wall Street Journal recently reported on a new trend in resume creation and distribution. It&#8217;s called a website resume. Basically, you contact a service, and they create a resume for you that has it&#8217;s own url. you [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/04/online-resumes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Become Debt Free</title>
		<link>http://mythsonmoney.com/2009/04/become-debt-free/</link>
		<comments>http://mythsonmoney.com/2009/04/become-debt-free/#comments</comments>
		<pubDate>Tue, 28 Apr 2009 21:26:28 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Front Page]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=748</guid>
		<description><![CDATA[You really can become debt free. Whether you are struggling to make it to the next paycheck, wanting more to retire, desperate to stop the collector&#8217;s phone calls, or just want to find a peaceful night&#8217;s sleep, you can find the financial help you need right here to become debt free. Once you become debt [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/04/become-debt-free/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is the credit crisis?</title>
		<link>http://mythsonmoney.com/2009/02/what-is-the-credit-crisis/</link>
		<comments>http://mythsonmoney.com/2009/02/what-is-the-credit-crisis/#comments</comments>
		<pubDate>Fri, 27 Feb 2009 23:52:10 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Misc.]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=658</guid>
		<description><![CDATA[The complexity of the current credit crisis we are facing can be daunting. Understanding how the credit crisis happened can be even more daunting than understanding what the crisis even is. But I have to tell you that I was blown away by this video by Jonathon Jarvis. He breaks down the crisis so simply [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/02/what-is-the-credit-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stealth Wealth</title>
		<link>http://mythsonmoney.com/2009/02/stealth-wealth/</link>
		<comments>http://mythsonmoney.com/2009/02/stealth-wealth/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 03:27:28 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=621</guid>
		<description><![CDATA[Even among top earners, &#8220;most people think &#8216;rich&#8217; is more than what they have,&#8221; says Mr. [Ronald] Wilcox. It&#8217;s natural to compare our lot with that of our neighbor. But we tend to fixate on the most obvious signs of status and success, while turning a blind eye to other telling details. The Wall Street [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/02/stealth-wealth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Finance is Emotional</title>
		<link>http://mythsonmoney.com/2009/02/finance-is-emotional/</link>
		<comments>http://mythsonmoney.com/2009/02/finance-is-emotional/#comments</comments>
		<pubDate>Mon, 09 Feb 2009 20:30:25 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Misc.]]></category>
		<category><![CDATA[Buyership]]></category>
		<category><![CDATA[emotion]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[self control]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=603</guid>
		<description><![CDATA[I have recently been reading a book about how to communicate more effectively in every aspect of our lives, and found that one of his points in regards to communications really hits home for our personal financial situations. The author makes the point that our decision making processes are fundamentally emotional, and that it is [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/02/finance-is-emotional/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: 0% is a Deal!</title>
		<link>http://mythsonmoney.com/2009/02/myth-0-is-a-deal/</link>
		<comments>http://mythsonmoney.com/2009/02/myth-0-is-a-deal/#comments</comments>
		<pubDate>Wed, 04 Feb 2009 19:23:18 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=591</guid>
		<description><![CDATA[The Word on the Street The ever-so-kind businesses are so generous as to allow us to finance large purchases at zero percent interest!!! What a sweet deal, let&#8217;s take it! The Truth These deceptive deals can be devastating to anyone who fails to read the fine print. Conflict of Interest Businesses are not your friends. [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/02/myth-0-is-a-deal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Quote of the Day</title>
		<link>http://mythsonmoney.com/2009/02/quote-of-the-day/</link>
		<comments>http://mythsonmoney.com/2009/02/quote-of-the-day/#comments</comments>
		<pubDate>Sun, 01 Feb 2009 17:05:54 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Misc.]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/2009/02/quote-of-the-day/</guid>
		<description><![CDATA[Dale Carnegie &#8211; &#8220;Success is getting what you want. Happiness is wanting what you get.&#8221;]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/02/quote-of-the-day/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: &#8220;Stuff&#8221; = Happiness</title>
		<link>http://mythsonmoney.com/2009/01/myth-stuff-happiness/</link>
		<comments>http://mythsonmoney.com/2009/01/myth-stuff-happiness/#comments</comments>
		<pubDate>Thu, 22 Jan 2009 03:30:39 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=520</guid>
		<description><![CDATA[The other night, I was reading Get Rich Slowly, one of my favorite finance blogs. I would like to lift a few of his comments from this fantastic post that illustrate why I LOVE personal finance, and what is truly important in our financial lives. Freedom To lift a quote from Get Rich Slowly: &#8220;To [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/01/myth-stuff-happiness/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Rent is a waste (revisited)</title>
		<link>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/</link>
		<comments>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/#comments</comments>
		<pubDate>Fri, 19 Dec 2008 21:07:26 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[rent]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=421</guid>
		<description><![CDATA[The Word on the Street: I still struggle to convince people that paying rent is not a purely wasteful practice. I have already done several posts on this topic. The Truth: Paying rent can be cheaper than getting a mortgage, and the difference in the cost can be invested to your ultimate gain. While I [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Whole New Era</title>
		<link>http://mythsonmoney.com/2008/12/a-whole-new-era/</link>
		<comments>http://mythsonmoney.com/2008/12/a-whole-new-era/#comments</comments>
		<pubDate>Fri, 05 Dec 2008 04:49:43 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Misc.]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=314</guid>
		<description><![CDATA[Good News! If you follow the blog regularly, you know that posts have been a little scarce lately. There are two reasons for that: first is because the blog was getting a facelift (which is hopefully now completed [sorry Chrome users, you might want to use IE or Firefox to view the blog]), second is [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/12/a-whole-new-era/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: The End Result Is All That Matters</title>
		<link>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/</link>
		<comments>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/#comments</comments>
		<pubDate>Tue, 04 Nov 2008 00:03:15 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[buy]]></category>
		<category><![CDATA[rent]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=172</guid>
		<description><![CDATA[A Shocking Discovery I was recently watching a financial self-help video from a very popular finance guru, and I was shocked to hear this person say that buying a home was a great investment because it would yield a very high return in the first year that it was owned, and that it would continue [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Keeping Up With The Jones&#8217;</title>
		<link>http://mythsonmoney.com/2008/09/myth-keeping-up-with-the-jones/</link>
		<comments>http://mythsonmoney.com/2008/09/myth-keeping-up-with-the-jones/#comments</comments>
		<pubDate>Sun, 21 Sep 2008 16:59:07 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[savings]]></category>
		<category><![CDATA[spending]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=120</guid>
		<description><![CDATA[The Word on the Street: Everyone wants to have possessions as fine and expensive as their neighbors do. Most people try to spend in such a way as to ensure that they appear no different than &#8220;everyone else&#8221;.   The Truth: While it is totally possible to keep up with the Jones&#8217;, do not do [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/myth-keeping-up-with-the-jones/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: You Must Use Credit to Get Credit</title>
		<link>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/</link>
		<comments>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/#comments</comments>
		<pubDate>Fri, 12 Sep 2008 21:20:28 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[credit score]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=136</guid>
		<description><![CDATA[The Word on the Street: Everyone seems to believe that the only way to get good credit to qualify for a necessary loan (usually a mortgage), they have to use credit cards, get auto loans, etc in order to get a good interest rate on future loans. The Truth: Your history of repaying debts is [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Credit Improves Your Quality of Life</title>
		<link>http://mythsonmoney.com/2008/09/myth-credit-improves-your-quality-of-life/</link>
		<comments>http://mythsonmoney.com/2008/09/myth-credit-improves-your-quality-of-life/#comments</comments>
		<pubDate>Fri, 05 Sep 2008 20:40:26 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[spending]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=124</guid>
		<description><![CDATA[The Word on the Street There is a general opinion (fostered by aggressive advertising campaigns) that using credit will let the borrower have goods and services they could not otherwise afford, and thus improve their quality of life. The Truth: Credit, whether a mortgage, credit card, home equity loan, installment loan (ie making payments on a tv, washing [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/myth-credit-improves-your-quality-of-life/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Politicians Cause Economic Decline</title>
		<link>http://mythsonmoney.com/2008/08/myth-politicians-can-control-the-economy/</link>
		<comments>http://mythsonmoney.com/2008/08/myth-politicians-can-control-the-economy/#comments</comments>
		<pubDate>Mon, 18 Aug 2008 17:59:48 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=86</guid>
		<description><![CDATA[The Word on the Street: There is an almost universal and constant complaint that political leaders (particularly the U.S. President) have destroyed the U.S. economy, and if there were a change in leadership things could immediately improve. The Truth: A free-market system (like the one in U.S.), almost has a mind of its own, and [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/08/myth-politicians-can-control-the-economy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Tapping home equity brings wealth</title>
		<link>http://mythsonmoney.com/2008/07/myth-tapping-home-equity-brings-wealth/</link>
		<comments>http://mythsonmoney.com/2008/07/myth-tapping-home-equity-brings-wealth/#comments</comments>
		<pubDate>Wed, 02 Jul 2008 17:07:37 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[equity]]></category>
		<category><![CDATA[retirement]]></category>
		<category><![CDATA[savings]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=39</guid>
		<description><![CDATA[The Word on the Street: The latest financial fad has financial planners advocating plans wherein the client (you) takes home equity loans or refinances their house to take out the equity in it, and then invests these funds (preferably in a cash value life insurance policy). These pros contend that this is the best route [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/07/myth-tapping-home-equity-brings-wealth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Keeping a Mortgage Will Save Money</title>
		<link>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/</link>
		<comments>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/#comments</comments>
		<pubDate>Sat, 22 Mar 2008 21:03:52 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/archives/17</guid>
		<description><![CDATA[The Word on the Street: This is one of the big myths of our day. The myth holds that keeping a mortgage to its full term, rather then paying it down early, is wise because the homeowner can deduct the interest payments from his/her federal taxes. The Truth: Keeping a mortgage (or any other loan [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: It is Hard to &#8220;Buy Low, Sell High&#8221;</title>
		<link>http://mythsonmoney.com/2008/01/myth-it-is-hard-to-buy-low-sell-high/</link>
		<comments>http://mythsonmoney.com/2008/01/myth-it-is-hard-to-buy-low-sell-high/#comments</comments>
		<pubDate>Fri, 04 Jan 2008 00:46:06 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/archives/13</guid>
		<description><![CDATA[The Word on the Street: Everybody knows that they always want to buy when prices are low. And not just when investing! And everybody knows the they want to sell when prices are high. Again, not just when investing! But so many people lose tons of money on the stock market because they do the [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/01/myth-it-is-hard-to-buy-low-sell-high/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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