FINANCIAL LIES WE TELL OUR CHILDREN

HERE are several misconceptions or “lies” about money and investing that parents often pass on to children, either directly or through everyday phrases.

- PV SUBRAMANYAM

These can shape limiting beliefs about wealth-build-ing, risk, and financial decision making. Many parents may have seen their parents struggle to make ends meet or supporting their siblings and parents.

Drawing from various conversation sources, here are some of the most frequently mentioned ones, focused on those with an investment or broader financial angle:

Making money is hard

This phrase instils the idea that earning wealth needs a lot of effort and is scarce, which can discourage entrepreneurial thinking or smart investing. They tell you things like ‘we are successful only in service’ — showing risk averse behaviour. In reality, building wealth involves creativity, leveraging opportunities, and compounding returns rather than hard work.

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