7 Limiting Beliefs About Money
by Daryl Daughtry, Publisher
Limiting beliefs about money often begin at an early age. Typically money issues were talked about by parents and they spoke constantly in front of the children about their negative money issues. Here are 7 of the main limiting beliefs about money and how to dissolve them…
1. People believe that keeping track of money is hard: As a result, they avoid it until real problems set in. They don’t review their bills, check their receipts or keep a log of what they earn and spend on a weekly or monthly basis. Positive beliefs about money mean that it is thought of as a tool, and you take care of your tools. Believe that five to ten minutes a day keeping track of money is far better than couch surfing and will pay you in the long term. Imagine that you pay yourself by taking care of what you have.
2. People believe in high levels of debt: Debt is one of the biggest limiting beliefs you can have. Once your debt accumulates, you believe that it is too much and can’t be paid off. Instead, you allow it to grow and make your life miserable. Replace that financial limiting belief by thinking in an empowering way such as, “There are strategic ways to reduce debt quickly, and I will learn them today.” You also need to have the belief that you can save money and learn to invest it to grow. All the information you need can be found for free; you just need to believe it works, and there are many examples show just that.
3. People believe that working for a fixed wage can’t improve: You may have the limiting belief that extra money is hard to come by. This will hold you back from not only enjoying life but using some extra money to pay down debt and build up your savings. There are so many ways to earn money on the side. With a little research, you can come up with scores of side gigs today. All you need to do is have the belief that one of those gigs is a good fit for you.
4. People believe that they can’t find a better-paying position: Do you feel you are not qialified for or are not worth a good salary? Limiting beliefs about your career path will keep you on the same straight boring road until you retire. Then upon retirement, you probably will not have enough to live on. You need to change your belief to the one that says you are worthy. You are worthy of love, compassion, peace, and of course, money. Money is abundant, but it won’t come to you if you sit back and repel it with your limiting beliefs. Visualize getting a new job that pays you what you are worth. Take action steps to get the job and continued action to excel at it.
5. Even in a job that they love, people still believe they can’t asking for the money they are worth: People have the limiting belief that presenting why they deserve a raise will not resonate with their employer. That belief needs to be dissolved. You can prove why you deserve a raise and be confident in your approach. See yourself in full confidence presenting the idea of a raise and receiving it. To reinforce that, simply build up empowering emotions, see the event happening, and being successful. A
6. People believe they overspend and can’t stop: This is because they have the limiting belief that money needs to leave them as soon as possible. They are not seeing money as a tool with a specific job to do. Start seeing it as a tool and using it as such. There are a number of ways to do this, and some use the simple method of envelopes. For example, they take envelopes and label each one, rent-groceries-savings-entertainment. They put exactly what you need in each envelope and don’t spend over it. Frequently at the end of the month, the money envelope for savings will have more than what was written on it because you didn’t overspend on entertainment.
7. People believe they will never reach their financial goals: You may want to earn a certain amount each month and have a specific amount of retirement savings when you finally stop working. To strengthen your belief in personal financial success, have a well-thought-out plan and stick to it. When you set small money goals and achieve them, it changes the belief that you can’t have financial success.
Financial success doesn’t choose people. People choose financial success. Negative thinking will never produce a positive bottom line.
