Your beliefs about money are a key element in determining how much money
you’ll be able to make, and how much of that money you’ll be able to
keep.
Here are 10 limiting beliefs about money and how to change them.
1.
Money is the root of all evil.
Money is not the root of all evil the love of money is. All the same, is there any one that doesn't love money? The love of money is the root of all evil not the fruit. But, you can be rich and still be righteous. You can be poor and still be evil.
Money is just a neutral medium that follows along with how you use it. It is your responsibility to make the best out of it. One of the rich formula is the abilty to subdue money. You must learn to subdue money, to control it and not let it control you. That's where attitude comes in. Use money and don't let money use you.
2. Money is not that important. It’s only money.
This limiting belief about money expresses that you don’t take money
seriously enough. It’s not one of your priorities. But this is the exact
reason why you haven’t achieved a satisfying situation with your money
yet.
Treat money with respect and give it the time it deserves. Then “it” will respect you.
Money is good. It is important. Without money, daily survival — not to
mention further development — is impossible. So we are not even
questioning its importance. At the same time, it is wrong to consider
money a god or a substance endowe
d with some power of its own. To think
that money is everything, and that just by having lots of it all our
problems will be solved is a serious mistake
"...money answerest all things"
So stop justifying your inability to make money and start making money.
3. Money is there to be spend.
This belief comes from not understanding that in order to create financial abundance you actually have to save money. If you spend all the money you earn, instead of saving and investing it, you will never create the financial abundance that you could have.Spending money on nice things has its place, you should enjoy your lifestyle. But don’t overdo it. You have to make sure to get into the habit of saving and investing money.
4. Money is hereditary. You have to be born rich or into a rich family to be rich.
Many believes to be rich, you have to be born rich or born into a wealthy home and since they were not, it means they were not destined to be rich. That's a limiting belief. We create our lives. prosperity is a choice. You choose your properity as well as your poverty.
So take responsibility for your own life and learn to improve your financial life today.
The “poor dad” mentality states that your wealth depends on your family
of origin: to be rich, you have to be born rich. “Rich dad” espoused
the view that being rich or poor is something that you learn. When you
have the right belief system and you acquire the necessary knowledge on
how to create, build, and protect wealth, you will become rich even if
you were not born into a wealthy family.
5. You have to work (too) hard to get wealthy
You don’t get wealthy by working hard (only), you get wealthy by
doing the right things. And it all starts with adopting the right
mindset towards money.
And one part of it is to look for the smart way to get wealthy. Not
in a sense of looking for a quick fix or doing questionable things, but
by understanding the rich formula and applying them.
This means understanding how you can create real and lasting value
for others and then offering it for a good price. This is true weather
you are a business-owner, self-employed or employed.
6.
The rich get richer and the poor get poorer.
This is really a big excuse. It is especially an disempowering belief because it gives away your responsibility to care for your money situation. And whenever you give up responsibility you also lose power and influence over your life. Your financial reality is entirely up to you and
Everything you need to create financial abundance is already inside you.
7. I am supposed to be made rich (by my parents, government, society, etc)
This is what I called the entitlement mentality. These set of people depends on others to be rich and when that doesn't doesnt happen they blame everybody for it except themselves. Nobody owe you anything. Not your parents, not the govenment. prosperity is your responsibility.
8. It takes money to make money.
This phrase is limiting at best and destructive at worst. The truth is
you have to have great ideas that solve problems to make money. If you
do, you will attract money like a magnet. Wealthy investors are always
on the lookout for the next big investment they can sink their teeth
into.
Rich dad said "You don't need money to make money, what you need is words and the good news is, words are free"
So, you dont need money to make money, you need ideas, you need a job, you need words, you need skills, can use other peoples money, etc.
9. More money more problems.
Another myth among the masses is the idea that millionaires are
workaholics overloaded with so many problems they don’t have time to
enjoy life. This is another excuse the middle class uses to justify
being broke. It’s as if they’re looking for a reason to avoid success by
making it seem unattractive. The truth is the more money you have, the
more control you have over every aspect of your life. The more money you
have, the fewer problems you have to personally address. While the
masses are staying up at night worrying about their problems,
millionaire are fast asleep knowing everything will be taken care of.
When it comes to money, the best advice is to always look at it from a
consciousness of freedom, possibility, opportunity and abundance.
Never look at money from a fear and scarcity point of view.
10. Money is not for people like me. I don't deserve to be rich. I don't have what it takes.
We all deserve money, we all deserve to be rich. You have to educate yourself about money. Study money. Then improvements will follow naturally.
How to change your beleief system
Step 1: Write the limiting belief down.
Play detective
and follow your thoughts and emotions to discover the limiting beliefs
that hold you back. Put them on paper and stare them in the face! You
might note how strong each belief is and what emotions they elicit in
you
.
Step 2: Acknowledge that these are beliefs, not truths!
This is often the hardest step. “But, but,
my limitations are
real!”
Here’s the place where choice comes in. Which are you more interested
in: defending your limitations to the death or achieving your goals and
desires? As author Evelyn Waugh wrote, “When we argue for our
limitations, we get to keep them.” You choose.
Step 3: Try on a different belief.
Use your imagination
and try on a belief that is aligned with what you want. It might be
something like, “My financial difficulties in the past have taught me so
much that I’m fully prepared to handle them now!” Or, “Now that I’ve
been in an unhealthy relationship I’ve learned what to look for in a
happy, loving partner!”
Step 4: Take different action.
This might feel scary, but
act as if your new belief is true. In other words, if you really
are
the kind of man women adore, how would you act at parties? Who might
you ask out? If you really are capable and have learned a tremendous
amount from past financial difficulties, what steps would you take? If
you really are the kind of person who eats healthy food, what will you
put in your grocery cart?
