M1 MONEY Mindset: L3 MONEY MYTHS

What is a Mindset?

A deeply held belief.

What is a Myth?

A widely held but false belief, thought to be true.

Money Myth 1: "I just wanna do hair"

Truth: Skills alone do not equal financial success. You are accountable for your financial success, not just your craft.

Money Myth 2: "Money words don’t matter"

Truth: Finance is a language; learning money words empowers you.

Money Myth 3: "You have to be good at math to be good with money"

Truth: Money and math are not the same; you can be great with money without advanced math skills.

Money Myth 4: "The starving artist"

Truth: You can have both craft and financial success; making money is not "selling out."

Money Myth 5: "Being good at your craft is enough"

Truth: Technical skill alone will not carry you financially; you must be good with money in addition to your job.

Money Myth 6: "Focusing on money will ruin your style"

Truth: Managing money supports your freedom and style rather than inhibiting creativity.

Money Myth 7: "Avoiding money issues will make them go away"

Truth: Avoiding issues leads to bad credit and makes problems bigger and worse. Facing them provides control.

Money Myth 8: "It’s not important right now"

Truth: The perfect time to start is now (t = 0); money management shapes your future.

True or False: Our MONEY Mindset directly influences our attitudes, choices, and actions.

True. It determines your direction in life and your success with money.

What is the consequence of avoiding MONEY issues?

Avoiding them will make them bigger and worse.

True or False: Being great at your craft guarantees financial success.

False. You must be good with money as well.

True or False: Focusing on money will make you less creative.

False. Managing money supports your freedom.