A recent Lifehacker post linked to a great blog post over at YourCreditAdvisor.com’s Blog.

Here are some excepts from their Top 25 Personal Finance Myths:

I don’t deserve to be rich.
Why not? Intuition suggests that no matter which religion you follow, there are people who are successful and got there by honest means.

As Baha’is, we believe that a spiritual person should be rich. Abdu’l-Baha, the son of Baha’u'llah, the prophet-founder of the Baha’i Faith wrote:

Wealth is praiseworthy in the highest degree, if it is acquired by an individual’s own efforts and the grace of God, in commerce, agriculture, art and industry, and if it be expended for philanthropic purposes.

Another myth:

You have to have X dollars to be wealthy.
Wealthy is what you think it is for you. Don’t try to keep up with the Joneses. Keep things simple.

Which brings to mind one of the Hidden Words:

O SON OF BEING!
Thou art My lamp and My light is in thee. Get thou from it thy radiance and seek none other than Me. For I have created thee rich and have bountifully shed My favor upon thee.

A few more:

Becoming rich is hard work.
It can be easier than you’ve been told. Dr. Marsha Sinetar’s book Do What You Love, The Money Will Follow is one of the best guides for an organic approach to wealth.

Buying on-sale items saves money.
It’s that “use your coupons” myth in another form. What really happens is that the items you buy on sale are items you want, not need. It’s even worse if you drive out of your way to buy it.

Debt is bad.
Managed debt is actually good, and builds up your credit rating. On the other hand, credit card debt tends to be amongst the worst, so eliminate that first.

You need to earn more to save.
Try this. What happens if you suddenly start earning less money in your job? You adjust, right? So save a percentage of what you make and set it aside somewhere.

Lifehacker has computer tips as well as life tips and is an excellent blog to read daily for both the tech-savvy and the technically challenged :).