Your relationship to money, how you feel and think about it, will go a long way toward determining your level of financial success. In other words, your mindset about money will actively create your own financial reality.
When your thoughts and feelings about money are disempowering, we refer to them as limiting beliefs.
Beliefs are often implanted when we’re young, and reinforced with age, so overcoming them is difficult, at best. The role models you had as a child have shaped your perception about relationships, careers, and even money.
Overcoming Limiting Beliefs
The first step you will need to take to overcome limiting beliefs about money is to identify them, and then you will need to replace them with positive, empowering beliefs.
- “Money is the root of all evil.” Whether you consciously believe this to be true or not, this little gem is so pervasive in Western culture it’s almost axiomatic. When you accept that money is merely a tool of exchange, the result of your labor in voluntary trade for the results of another’s labor, such a negative view of money disappears, as it should.
- “It’s only money.” And yet, you know intuitively that money has value and should be respected. After all, you work hard for your monetary reward, so you should treat it with the respect it deserves.
- “Money can’t buy happiness.” Of course not, but being poor will not buy happiness for you either. Again, as a tool of exchange for goods and services, money will enable you to enjoy a higher quality of life than you might otherwise. Use it as intended, rather than as a replacement for fulfillment, and happiness will follow naturally.
- “I’m not good with money.” So, you can’t learn a new skill? You can never change your situation? You can’t be responsible for your own financial health, and that of your family? This is nothing but a cop-out and you need to stop right now!
- “Seeking wealth is selfish.” Not! Wealth is merely a measurement of the value you’ve created in this life, for others and yourself. If you’re fortunate to become wealthy because of actions that add value to the lives and work of others, more power to you, and congratulations. There’s nothing the least bit selfish in that.
If you have any of those or similar beliefs, it’s time for you to change the way you think and feel about money; because your limiting beliefs about money are shaping how you handle your financial life and how you tend to create a reality aligned with these beliefs.
What limiting belief having to do with creating wealth have you struggled with in the past? What is a belief system you have that helps you in building the life of your dreams? Please share your thoughts in the comments section below.