When is the last time you sat down and thought about your money beliefs? Perhaps many of you are thinking, “I haven’t sat down lately, let alone had much thinking time.” It may be time to stop and take a serious look at the current relationship between you and your money. Take a moment and answer this question: How do you feel about money? Sounds simple enough, but for most people it is a very emotional subject. And unfortunately for many, it is the lack of money (or even perceived lack) that causes the most stress in their lives.
If you’re not as financially secure as you’d like to be, then chances are high that you’re holding onto some negative beliefs about yourself and about money. Very often it is our beliefs not our circumstances that hold us back from getting ahead or from accumulating significant wealth. The following beliefs could be holding you back from realizing your true financial potential:
“I don’t deserve it”
The belief that you are somehow unworthy or shouldn’t achieve success may be the largest factor preventing you from achieving your financial goals and dreams. When people feel they don’t deserve wealth or a pay raise or just can’t picture themselves out of their rut, they close their eyes to the opportunities before them everyday. These same people often are negative about what others have and spend most of their energy telling themselves and others all the reasons why they aren’t further ahead. This sometimes is referred to as the “poor, poor me” syndrome.
What can be done if you suffer from this very real handicap in your own life? You must come to realize that you deserve to have it all. A great way to overcome this obstacle is to submerse yourself in ongoing personal development. If you are not doing this, you are limiting your earning potential. You have to grow right along with your bank account or you will find ways to jeopardize your good fortune.
“We can’t afford that.”
So many of us grew up hearing these words, that we took them and made them our own. We now say the same things to our children. A better question to ask yourself is “How can we afford this?” It’s also important to get to the place where you might say, “I can afford that, but realize it won’t help me get any closer to my financial goals.” Realize you must decide to be part of the solution not part of the problem.
“I’ll be happy when…”
Closely related to those that think “we can’t afford it” are those that think “if I only had.” These are the people that fall into a painful trap of thinking that they cannot possibly be happy until something else happens. I’ll be happy when I get a bigger house. I’ll really be happy when I get a different job or find the right mate or have lots of money. Finding joy and contentment in the present moment is a rare and wonderful treasure. Again, it comes from being secure in who you are and realizing that money doesn’t buy happiness. Sure, it makes life a lot less stressful and a lot more fun, but happiness is something that comes from within you. Perhaps you’ve heard that love is a decision; the truth is, so is happiness. So decide to wake up in the morning and be content right where you are. Not in a stuck mode or a limiting mode, but instead in a way that helps you to realize you have everything you need to be happy.
“Money is the root of all evil.”
Money is neutral; it is neither good nor bad in and of itself. It can be used for great and noble causes or for death and destruction. It is what people do with the money that can be either good or evil, not the money itself. And besides, the actual quote is “The love of money is the root of evil.” So watch carefully to see if you are serving money or if money is serving you.
“I don’t think I can.”
We’ve probably all heard the wisdom of Wayne Gretzky: “You always miss the shot you don’t take.” When people don’t take action because they are afraid to fail, guess what? By not even trying they already have failed. You have already succeeded just by moving forward. You may not achieve all your objectives right away, but moving forward will allow you to learn some valuable lessons. And that makes it more likely you’ll succeed next time.
Get in touch with how you feel about money and discover what might be holding you back from what is rightfully yours for the taking. Start by participating in ongoing personal development and surround yourself with people who know today’s money rules.