In a culture that equates net worth with success and even value as a human being, money can understandably play mind tricks on us.

While some financial wisdom is timeless, the world we live in today has experienced vast changes in its economic and financial landscape. And with changing times comes a need for better, newer financial advice.

Here are some pieces of financial wisdom you’re better off leaving in the past.

We all want to protect our hard-earned money. In a recession, your finances can be put in jeopardy—but they don’t have to be at total risk. Recessions are a natural and inevitable part of the economic cycle. It’s best to prepare beforehand, but you can make smart money moving throughout a recession period and avoid a financial crisis.

Do you know how you would handle unexpected cash?

Most of us won’t win the lottery or receive a fortuitous inheritance — but we all have our own little windfalls. How you manage your bonus, your tax return, dividends, and the wiggle room in your budget is more important than imagined riches.