Wait for the Crash? Greg and Scott Bust 5 Investing Myths

Some money myths are easy to dismiss. Others survive because they contain just enough truth to sound convincing. In this episode of *The Personal Finance Project*, Hannah puts Greg and Scott on the spot with five popular claims about taxes, investing, insurance, and wealth—no preparation, no scripted answers. They tackle questions like: Do the rich really avoid paying taxes? Should you wait for the next market crash before investing? Are dividend stocks essentially free money? Is life insurance a smart investment? Does earning a high income automatically make you wealthy? Along the way, Greg and Scott explain where these ideas come from, what they get right, and where they can lead investors astray. The conversation covers market timing, dividend yield, tax strategy, insurance costs, lifestyle inflation, savings rates, asset allocation, and the habits that actually help build long-term wealth. Because when it comes to personal finance, the most popular advice is not always the most useful—and the truth is usually more nuanced than a headline. This episode is for educational purposes only and should not be considered individualized investment, tax, legal, or insurance advice.