Is there something holding you back from your financial goals?
There are many incorrect and unsupportive beliefs that people have about money. This post is a collection of some of those unsupportive money beliefs.
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There are many reasons that someone might struggle financially or not be successful in building wealth. Sometimes, less than often, financial struggles are merely situational poverty. But for most people, the things that keep them from building their wealth are their unsupportive beliefs. They believe things that just are not correct about money and wealth. Below is a collection of false and unsupportive beliefs about money.
SUPPORTIVE AND UNSUPPORTIVE WEALTH BELIEFS
Unsupportive Wealth Beliefs | Supportive Wealth Beliefs |
1 – Impossibility
It’s impossible for ME to be wealthy. I just can’t ever see it happening for me. |
1 – Possibility
I can be wealthy. I can imagine it and I believe it is possible. Everyone and anyone can be wealthy. Wealth is about becoming someone and obtaining property. |
2 – Scarcity
There’s a limited supply of money in the world. Only a few people can be wealthy. |
2 – Abundance
There is plenty in the world to go around. I always have enough to provide for myself and live comfortably. I have defined how much is enough for me. Wealth is what I define it to be for me. |
3 – Relative
Wealth is relative. For there to be rich people, there also needs to be poor people. |
3 – Regardless
Wealth doesn’t need to be defined as relative. If we all have abundance, we can all be wealthy regardless of the wealth or poverty of our neighbors. All of us are wealthier compared to our ancestors 1000 years ago. |
4 – Blame and Victim
I struggle financially because of my background, family, circumstances, or events. |
4 – Responsibility
I take full responsibility for my current financial situation. My inner world creates my outer world. I create my own level of wealth. It’s both my fault and my responsibility. |
5 – Identity – That’s not for me
I am not a wealthy person. I do not come from a wealthy background, and so wealth is not in my blood. |
5 – Identity – This is who I am
I am a wealthy person, or I can imagine myself being a wealthy person. Being wealthy is part of who I am. If I don’t have the skills, beliefs, knowledge, or possessions now, it’s only a matter of time before these things will naturally come to me. I am drawn to wealth, and it is drawn to me. I identify as a wealthy person. |
6 – I can’t learn
Learning about finances is too hard and intimidating for me. I don’t believe that I can actually learn those things. I’m not good with numbers and will never be able to learn finances. |
6 – I can learn
I can learn anything given enough time and effort. It is possible for me to learn everything I need to know or get the help I need to succeed with wealth. I am ready, willing, and able to put in the effort and time to learn. It will not be too difficult to accomplish. |
7 – I can’t manage money well
I just can’t manage money properly. Money burns a hole in my pocket. I just can’t hold onto it. I always make dumb money decisions. |
7 – I’m an excellent money manager
I am an excellent money manager. Sure, there are sometimes I have made poor decisions, but that’s the beauty of it: I have valuable experience and have learned from it. Because of my experience and my willingness to learn, I know that I am the best money manager I can be and am getting better all the time. I visualize myself being an excellent money manager. |
8 – Unenjoyable work
Being wealthy is way too much work. Money doesn’t grow on trees. The more wealthy someone gets, the less they enjoy life, the more tedious work they must do, and the more unpleasant life becomes for them. The more they must worry about money things, taxes, investments, and so much other work to constantly manage and protect their wealth. Not worth it. |
8 – Joyful occupation
Anyone can be wealthy, happy, and fully enjoy life. Some people work hard and never build wealth regardless of whether they love or hate the work. Some people hardly seem to work at all and still build wealth. Hard work can help you achieve wealth, but it is not necessarily always required. Hard work does not have to be difficult or unenjoyable, either. You can enjoy working and work smart. |
9 – Must be earned
There is no such thing as a free lunch. You have to pay a high price for anything you get in life. Earning lots of money will cost me lots of time and effort. I must earn everything you get in life. There is no other way to get money than to work for it and earn it. |
9 – Sometimes it’s free
Although you might earn many things in life, you don’t have to earn everything. There are times that life gives you stuff for free just for being in the right place at the right time – free stuff you didn’t necessarily earn. I am open to receiving blessings that come to me for no reason at all. |
10 – Benevolence of poverty
It is benevolent and admirable to be poor and forcibly humble. Poor people are hardworking and noble. You are “worthy” or important if you can endure the hardships of poverty. Through poverty, you become a hero and get respect and attention. |
10 – Reflections of wealth
It is much more noble to be wealthy than to be poor. Being wealthy is more likely to be a reflection of your personal development, diligence, and responsibility. It takes the application of principles. With the exception of situational poverty, poverty is usually a reflection of irresponsibility, false beliefs, and bad choices of the individual. |
11 – Wealth is evil
Wealth is evil. Wealthy people are wicked. Money isn’t spiritual. It’s not OK or fair for people to be wealthy while there are so many people in the world who are less fortunate. The love of money is the root of all evil. Having money when others don’t is the opposite of love and charity. -When the Bible says, “The love of money is the root of all evil (1Tim 6:10),” it means money is evil. |
11 – Wealth is neutral
Wealth is neutral. Both good and bad people can be wealthy if they follow the principles of wealth. The truth is that most wealthy people are really good people because it takes a tremendous amount of personal development including serving others, communicating, and keeping promises to become a wealthy person. God, himself, is the wealthiest being in the universe, and He is the greatest of all. -“The love of money is the root of all evil (1Tim 6:10)” means replacing God in your life with the “love of” money (or anything else) is spiritually harmful. |
12 – Corrupting
Money corrupts people. Rich people are snobby and shallow. When good people become wealthy their morals drop, they become mean, selfish, and prideful. If someone wants to be a good person, they should avoid becoming rich. -It is difficult for a rich man to go to heaven (Matt 19:24). The scripture Matt 19:24 is Jesus saying that, “It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.” For further understanding see this article here. |
12 – Magnifying
Money is neutral. Money just magnifies who a person is to start with. If they are mean and prideful, money magnifies that. If they are kind and generous, having money will magnify that. It can change them to be more of who they want to be. -Heaven is open to any humble man rich or poor. 4 Ne 1: 3, 23, 43 |
13 – Misplaced meaning
When people spend money on me, it means that they love me. When I spend money on others, it means I love them. If I have money, it means I’m important. If I don’t have money, it means I’m a failure and deserve pity, love, and attention. +Other false meanings attached to money. |
13 – No meaning
Money, itself, does not have any meaning. It’s just paper. People can love and be loved without spending money. My importance is not related at all to my level of wealth. I deserve love and can love whether or not I am wealthy. Any meaning placed on money or on having money is invented and can be changed. |
14 – Heavy sacrifice
People must give up too much to be wealthy, so it’s not worth it. If I want to be wealthy, I will end up sacrificing my family, my relationships, my health, my character, my integrity, and my freedom. Because wealth requires such a heavy sacrifice, I will also lose my happiness and fulfillment in life. |
14 – Can have it all with a balanced life
I can be wealthy and not need to sacrifice heavily in other areas of my life. It does not need to be mutually exclusive. I might have to sacrifice a few things along the way, but I can be wealthy and have a strong family, relationships, character, integrity, health, happiness, and fulfillment. I can have it all if I balance it right. And many people do. |
15 – Target
Wealthy people become a target for others to attack. It is way too risky to be wealthy. People will sue you, your reputation will be attacked, your children will be abducted, people will rob you, slash your tires, and unfriend you. |
15 – Magnet
Wealth makes me a magnet for both good and bad. My wealth attracts a lot of good into my life and will enable me to do much good. Any bad that is attracted to me will be offset by my increased ability to protect and defend against it. I will be in a much safer position against the bad in the world compared to the position poor people are in. |
16 – Despised
If you are rich, people will not love you for who you are. Money can’t buy you love. People won’t like you if you’re wealthy. They just pretend. If you become rich, you’ll lose your friends and your support system because you’ll be different from them. |
16 – Respected
Because I am wealthy, people respect me more for who I am. They want to listen to what I have to say and follow me not because of what I own, but because of who I am and have become. My wealth is captured by my personality, character, habits, skills, and knowledge. Good people will see me for the valuable person I am regardless of my wealth. |
17 – Not worthy
I don’t feel worthy of being wealthy. I deserve what little I have and nothing more. Or, rather, I deserve nothing. I believe I don’t deserve to earn or receive more money. I can’t and don’t add enough value to the world. |
17 – Detached from worthiness
I don’t have to be “worthy” to be wealthy. The concepts are wholly unattached. I merely need to apply the principles of wealth regardless of what kind of person I am. There’s no “worthiness” requirement for wealth, but even if there was, I would absolutely be worthy. And it must not be a high bar because plenty of different people are wealthy. |
18 – It’s just luck
Wealth is all up to luck. I can’t control whether I’m wealthy or not. I get paid based on the time I work and luck of the draw and the arbitrary circumstances I randomly fall into. |
18 – Results
I get paid based on my results. I create massive results, so my income is greater. There may be things I can’t control, but by applying the principles of wealth, I can tip the odds much more in my favor. |
19 – Pessimistic
Money and wealth just never work out for me in my life. Things just never go in my favor. I will always struggle and suffer financially. That’s just the way things are. |
19 – Optimistic
Things will always turn out. I can figure things out and make it work in my favor. Even though I may have ups and downs and wins and failures, I will always progress forward. Tomorrow is always a better day. |
That’s it for the incorrect beliefs about wealth that might be holding you back. Make sure you review them and work through each one that might be an issue with you. Remember, this is not an exhaustive list, so always be vigilant for any beliefs you might have subconsciously that might be holding you back financially.
- 1. Impossible for me
- 2. Scarcity-there’s not enough
- 3. There must be some poor
- 4. Blame-I’m a victim
- 5. Money is not for me
- 6. I can’t learn about money
- 7. I can’t manage money
- 8. Money = life’s unenjoyable
- 9. All money must be earned
- 10. Poverty is admirable
- 11. Money is evil
- 12. Money corrupts people
- 13. Having $ = not loved
- 14. Money requires too much
- 15. Money makes me a target
- 16. People will hate me
- 17. I’m not worthy to be wealthy
- 18. Having money is just luck
- 19. I have to always struggle
- 20. … what else can you think of? …
Books Mentioned In This Post*
The Millionaire Next Door by Thomas J. Stanley and William D. Danko
Buy “The Millionaire Next Door” HereSecrets of the Millionaire Mind by T. Harv Eker
Buy “Secrets of the Millionaire Mind” HereView Contents
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