💸 5 Money Lies That Are Keeping You Broke (Part 1)

Bad advice is costing you. Issue #22 of the CPD

Hi friend,

Hands up ✋🏾 if you grew up hearing things like “money doesn’t grow on trees” or “just save and pray”. My hands are raised.
A lot of us are still walking around with outdated, fear-based, or completely false beliefs about money. And the wildest part? We don’t even realise it.

Today’s Dispatch is part one of a two-part series. This week, I’ll share the first three money lies I see everywhere, the kind that quietly keep you broke or, at the very least, stop you from building real wealth. And next week, I’ll be back with the rest.

Let’s get into it 👇🏽

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1 “I’m bad with money”

Nope. Being “bad with money” isn’t a personality type; it’s a skill gap. And like any skill, you can learn it. No one is born knowing how to budget, save, invest or manage debt. It’s taught. And if you didn’t grow up with it, that’s not your fault. But it is your responsibility now.

The more you repeat this lie “I’m bad with money” the more you give yourself permission to stay stuck.
Instead, start small. Track your spending. Read a book. Watch a video. Ask questions. You don’t need to become an expert overnight; you just need to start.

You’re not bad with money. You just haven’t learned your rhythm yet.

If you’re constantly living paycheck to paycheck and not sure why, this video breaks it down and shows you how to turn things around.

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2 “Credit cards are evil”

This one is loud in our community. For many of us, the first time we heard about credit cards was in the same breath as “debt,” “wahala,” and “run o!”
So we avoid them entirely, or we swipe recklessly with no plan 😰.

But credit cards aren’t evil. They’re just a tool. And like any tool, you can use them to build or destroy.

When used strategically (e.g., paying in full every month, staying below 30% of your limit), they can help you build credit history, protect your purchases, earn cashback or rewards, and unlock better mortgage deals.
But when used emotionally as an emergency fund or to chase lifestyle pressure? That’s where the mess starts.

The problem isn’t credit cards. It’s not having a plan for them.

In this video, I share how overdependence on credit cards is the problem, including practical tips on how to use a credit card effectively.

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3. “Investing is too risky”

For some people, the word “invest” sounds like gambling. So they avoid it altogether and stick to savings.

But here's the uncomfortable truth:
If your money is just sitting in a regular savings account, you’re losing value every year to inflation.

Yes, investing comes with risk. But the real risk is saving money alone without leveraging that to build real wealth.

And the worst part? Most people think they need £10,000 to start investing or that investing is only for the rich. Meanwhile, you can start with £5/month in a low-cost index fund and learn as you grow.

If you're unsure of where to start with investing, I break it all down in this beginner-friendly video on how to start investing with just £100.

The goal isn’t to avoid risk. It’s to understand and manage it wisely.

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Join My Private Community

I’ve realised over the years that most people don’t need more information,they need support, structure, and a safe space to follow through.

That’s why I’m launching a private, value-packed accountability community to help you build wealth, stay consistent, and take control of your money.

Here’s what to expect:
✅ Monthly live coaching and expert guest sessions
✅ Regular accountability check-ins to keep you on track
✅ Resources, tools and templates I don’t share anywhere else
✅ Discounted access to in-person events
✅ A private space to learn and grow with people on the same journey

The waitlist is open now. If you’re interested, take a minute to sign up below and you’ll be the first to know when we open doors + get an exclusive early-bird discount - yay!

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That’s it for this week.
Unlearning isn’t always comfortable. But if it helps you move forward, it’s worth it.

Till next time,
XOXO

Chidera