3 Limiting Beliefs That Keep You Broke
In this short article, I want to shed light on some common yet popular limiting beliefs and sayings about money. I hope that with these thoughts, you can re-evaluate your relationship with money and the emotions associated with it.
Beliefs are powerful. They stem from more or less random thoughts that then get solidified with experiences we have and transform into something that we do not see as thought anymore but rather as “how the world is”. Whenever you hear yourself saying or thinking “that’s just how the world is”, you can be sure that it is a belief.
Our beliefs can be limiting or empowering. They are limiting when they constrict us and empowering when they bring new possibilities (continue reading about beliefs). Let us analyse three popular limiting beliefs about money.
(if English is not your native language, I would be grateful if you could let me know the equivalent/similar sayings in your language! send me an email to email@example.com)
Money is the root of all evil
This is simply an exaggeration or misunderstanding. Money is an exchange currency and in itself does not mean anything – we humans attach meaning and value to it. Part of the saying is also the view that money does not buy happiness and will corrupt. The first being true, money does not buy happiness (only a more comfortable life – you can be broke but happy or a millionaire and unhappy; it is about your mindset). The second part, we can change to money can corrupt. I believe that money gives power. So, a “good” person with money will be able to bring more goodness into the world whereas a “bad” person will bring more badness. Money does not turn you into a bad person. It just shows your traits and dispositions more strongly (this is a bit simplified and I don’t think there are actually bad people nor bad traits and dispositions. For now, I hope it makes it easy to understand).
If you believe that money is the root of all evil, you will consciously and/or unconsciously avoid or sabotage your financial success. You do not want to have money, certainly not a lot, because otherwise, you think you would turn into a bad person (and you do not want that!).
Start seeing money for what it really is: an exchange currency. Where there is no money, you exchange other good or swap services. And the more goods or services you offer to people who want or need it at a price they can afford, the more you will get in return – be it goods, services, or an exchange currency. Money, then, brings possibility. That’s it! You yourself can decide whether to use that possibility for something virtuous or something evil.
Money does not grow on trees
First, you might think “come on, this is really not a limiting belief, this is reality!”. Well, yes, money does not actually grow on trees. The point with this saying is, though, that money does not come easily or naturally to you. Or even that money is scarce and there will never be enough of it.
If you buy into these associations of the saying, you will feel guilty when spending money, doubtful about your financial future and perhaps even feel like you do not deserve to have a lot of money.
Replace this belief with something like “I spend my money wisely”, “I attract money”, or “I deserve to receive money”.
No pain no gain
This one has reached more popularity in the last decade and communicates that to get a reward, you have to go through hardship and struggle. It is probably easy for you to find examples for this in your own life, situations where you gave your all and, in the end, after a lot of effort, reaped a great reward. That is what a large part of society tells us – no pain no gain. Sometimes, however, you gain a reward without pain and hardship. For example, when doing what you love you often get rewards without the sweat!
If you believe this saying, you will feel like you did not earn something when it comes naturally to you without you struggling or feel that you should do more painful things even though everything is working great for you (not because you yourself desire pain but because you see other people struggling and think it is only fair to do so as well). You might also choose not to go for your ultimate goal because it is so grandiose that it would be too painful to reach it, and thereby you hold yourself back from success.
Replace this belief with something like “I love what I do”, “I receive support and assistance”, or “it is okay for me to receive for just being me”.