When you think about wealth, you can't avoid running into a few myths about it. These myths are about what it means to be rich. One thing up front: even if some myths may have a kernel of truth, at the end of the day they remain half-truths. Here is a short overview of some of the biggest myths about wealth.

1. The first myth - Wealth is always inherited

This claim only holds true in a handful of cases. The reason it still has such a pull that it sometimes seems as if wealth were always inherited is that those cases are so extreme. This claim really belongs in the same category as the idea that a fortune can only come from an inheritance. Because if you look at it soberly, you'll find that the clear majority of today's wealthy people started out as ordinary earners and built their fortune through hard work. Of course, it's true that a network, connections and, naturally, a bit of luck are very important if you want to become truly rich. But it is simply wrong that you have to be born into a rich family to be rich. Drive and ambition can just as well make you a millionaire (one day).

2. The second myth - Wealth shields you from everyday problems

At first glance, this myth doesn't seem far-fetched at all. And it isn't. Being rich means people don't have to worry much about travel, food or running a household. But does wealth bring nothing but happiness? No: false friends, meaning those who are only after the money. So you have to tell who your real friends are and who just wants to get money out of your pocket or share in the exclusive lifestyle. Another risk, of course, is being blackmailed or robbed, not only on vacation but at home too. Another aspect is certainly the pressure that society or friends put on people who have wealth. Being rich, as is well known, also comes with obligations and can breed envy.

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3. The third myth - Wealth makes you happy
This may be the most controversial myth of all, but it is actually quite obvious that wealth doesn't make you happy. That isn't just a subjective impression; it has actually been confirmed by scientists. Researchers found that once you reach a certain magic threshold, a higher income doesn't make you any happier. Is being rich really what people should be striving for? Rich in money, or perhaps rather rich in happiness? So why are so many people so keen to become wealthy? It comes down to a crucial mix-up of cause and effect. Because it isn't money that creates happiness; it's the happy person who becomes successful.