If you feel like you’re swimming in debt, you are not alone. According to a study from ValuePenguin, 41% of Americans have credit card debt. Those who have credit card debt average over $9,000 of it. According to Lending Tree, the average mortgage, student loan, and car loan balances are $213,700; $36,500; and $10,100, respectively. Many Americans have taken on significant debt.
Are your financial decisions based on truth or lies? Too
often, our financial decisions are based on thoughts that are simply not true.
When we believe and act on these lies, we find ourselves discontent and
swimming in debt. What are some of lies that lead us to financial ruin? Here
are five of them: