Don't fall for these common 9 money myths — they may actually be preventing you from getting rich, according to Barbara Corcoran, Gary Vaynerchuk, and other moguls

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• The Oracles is a networking group of the world's most prominent entrepreneurs and CEOs. 
• They understand that it's easy to feel inundated with money advice regarding how much you should be making, where you should be saving it, and how you should be investing it.
• While there is a lot of good financial advice available, there are also common misconceptions about how you should handle your money, especially as a business owner or entrepreneur. 
• While investing in the stock market may pay off after 40 years, they recommend investing in yourself now, by learning a skill you can monetize.
• "If you're always sharpening new skills, you'll make incrementally more money ... you can't save your way to wealth, but you can educate yourself there."
• Visit Business Insider's homepage for more stories.

There's so much money advice out there that it can be difficult to differentiate the good ones from the bad ones.

To save you some trouble, we asked nine financially savvy business owners and advisors in The Oracles to share the biggest money myths that can stunt your financial success:

1. To make money, you have to worry about money

The more time I spend thinking about money, the less time I have to think of the next great idea that can make money. Overthinking always limits creativity.

Instead, I just trust my gut. When something doesn't feel right, it's usually for a good reason, even if I can't put my finger on why. Your gut is a collection of past experiences — and mine has never steered me wrong!

— Barbara Corcoran, founder of The Corcoran Group, podcast host of "Business Unusual," and shark on "Shark Tank."

2. Stick to the status quo if you want to get rich

Don't be romantic about how you make money. Whether you're an entrepreneur or an employee, your current revenue stream isn't necessarily how you'll make money in the future.

When you climb the ranks, it's easy to lose creativity and that desire to change the status quo — until you're replaced by someone who still has those things. Never let money make you comfortable. Always be innovating and thinking ahead.

— Gary Vaynerchuk, founder and CEO of VaynerX, five-time New York Times bestselling author of "Crushing It!"

3. Save your pennies and watch the dollars grow

Many people will tell you to invest in the stock market and let compound interest turn your paychecks into millions. The problem with that advice is that you have to work for 40 years.

Instead, invest in yourself by learning a skill you can monetize. If you're always sharpening new skills, you'll make incrementally more money. That's real compound interest. You can't save your way to wealth, but you can educate yourself there.

— James Sixsmith, founder and CEO of Trade Context, cofounder of SpeedUpTrader, and former professional hockey player. Follow him on Instagram and LinkedIn.

See Also:

• There are the 6 types of workers who always get passed over for promotion
• 7 hard lessons the most successful people master by age 35
• If you're feeling overwhelmed at work, use the 'Big 5' method to refocus and prioritize your to-do list

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