Joshua D. Mellberg Debunks 5 Common Money Myths Still Misleading People

Joshua D. Mellberg, Tucson, Arizona-based financial industry leader, breaks down widespread misconceptions that continue to confuse everyday decision-makers.

TUCSON, AZ, February 11, 2026 /24-7PressRelease/ -- Financial conversations are everywhere, but clear understanding is not. According to Joshua D. Mellberg, President and CEO of Secure Investment Management, many people are still operating under outdated or oversimplified beliefs that shape how they think about money and long-term planning.

"These myths stick around because they sound logical," Mellberg said. "But logic isn't the same as accuracy."

Below are five of the most common myths Mellberg sees repeated, why people believe them, and what the facts actually show.

Myth #1: "If something is popular, it must be right."
Why people believe it:
Popularity creates comfort. When friends, headlines, or social media repeat the same idea, it starts to feel proven.

What's often missed:
Trends change faster than fundamentals. Popularity reflects attention, not accuracy.

"Just because something is widely discussed doesn't mean it's well understood," Mellberg said. "Noise spreads faster than nuance."

Practical takeaway:
When you hear a claim repeated often, write it down and look for multiple independent explanations—not just headlines.

Myth #2: "Complex means more sophisticated."
Why people believe it:
Long explanations and technical language can sound impressive and authoritative.

What's often missed:
Complex language often hides simple concepts—or confusion.

"If something can't be explained clearly, that's a signal," Mellberg said. "Clarity is not a weakness."

Practical takeaway:
Ask yourself whether you could explain an idea in one paragraph. If not, it may need more clarity, not more detail.

Myth #3: "Technology automatically improves outcomes."
Why people believe it:
New tools promise speed, automation, and efficiency.

What's often missed:
Technology only works as well as the process behind it.

"Tools don't replace thinking," Mellberg said. "They just make existing processes faster."

Practical takeaway:
When evaluating any system, focus first on the process it follows, not the platform delivering it.

Myth #4: "Past success guarantees future results."
Why people believe it:
Track records feel reassuring and easy to point to.

What's often missed:
Conditions change. Context matters more than history alone.

"Looking backward without context gives a false sense of certainty," Mellberg said.

Practical takeaway:
When reviewing past outcomes, also note what conditions made those results possible.

Myth #5: "More information leads to better decisions."
Why people believe it:
Access to information feels empowering.

What's often missed:
Too much information can delay or distort understanding.

"Information overload doesn't create confidence," Mellberg said. "It creates hesitation."

Practical takeaway:
Limit yourself to a few high-quality sources rather than endless research.

If You Only Remember One Thing
According to Mellberg, the biggest mistake is confusing familiarity with understanding. "Most myths survive because they're repeated, not because they're true," he said. "Better questions matter more than quick answers."

Call to Action
Readers are encouraged to share this myth list with friends or colleagues and try applying just one takeaway today—whether that means slowing down, simplifying, or questioning a common assumption.

About Joshua D. Mellberg
Joshua D. Mellberg is President and CEO of Secure Investment Management, a tech-forward financial services firm based in Tucson, Arizona. He has spent more than two decades in the retirement-income and annuity industry and previously founded J.D. Mellberg Financial, which earned seven consecutive Inc. 5000 recognitions under his leadership. Mellberg is known for his focus on education, clear communication, and durable business systems, and he has hosted financial programming on Arizona PBS.

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