We might hear these money myths all the time, but they can actually hold you back from getting rich. (via CNBCMakeIt)
"An annuity salesperson convinced my client to sell his Tesla stock because of market volatility, so he gave up control and liquidity in exchange for 'security.'
But when he lost his job, he had to pay an early withdrawal fee to access his money. His $500,000 annuity was only worth $300,000, compared to the $3.2 million his stock would be worth today. The salesperson didn't disclose that he owned stock in the annuity and was working on commission. Always question others' interests and how they align with yours. Are they getting a commission, or do they only make money when you do?"
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