How Can Someone Overcome Limiting Beliefs About Money?

Key Takeaways

  • Identify your limiting beliefs about money
  • Understand the root cause of your beliefs
  • Notice the triggers that cause you to fall back into your limiting beliefs
  • Uncouple from unhelpful emotions and remove your money blind spots
  • Develop a positive money mindset and reframe your limiting beliefs
  • Take practical actions to overcome your limiting beliefs about money

Identify Your Limiting Beliefs

The first step to overcoming limiting beliefs about money is to become aware of them. These beliefs are ideas that you maintain about money, your relationship with money, and your ability and worthiness to get money.

Examples of limiting beliefs about money include "money is hard to obtain" or "I don't deserve to earn money".

Take some time to reflect on your own beliefs and write them down.

Understand the Root Cause

Limiting beliefs about money often stem from our past experiences and upbringing. They can be deeply ingrained and influenced by the culture we grow up in and social conventions. Take a moment to revisit your past and try to identify the root cause of your beliefs.

This could involve examining your childhood experiences or past financial mistakes.

Notice the Triggers

Once you have acknowledged your limiting beliefs about money and identified what they are, please notice the triggers that cause you to fall back into these beliefs. Pay attention to situations or events that make you doubt your ability to earn or manage money.

By being aware of these triggers, you can find ways to counter them and prevent yourself from falling into old patterns of thinking.

Uncouple from Unhelpful Emotions

Beliefs that are unsupportive of any area of life, including money, can be tough to overcome when coupled with unhelpful emotions. It is fundamental to uncouple from these emotions and remove your money blind spots.

For example, if you feel anxious about money, remind yourself that this feeling doesn't necessarily reflect reality.

Separate your emotions from your beliefs and focus on rational thinking.

Develop a Positive Money Mindset

Developing a positive money mindset is crucial in overcoming limiting beliefs about money. This mindset opens you up to the possibility of more money and a different way of relating to wealth. Reframe your limiting beliefs when they show up and replace them with more positive and empowering thoughts.

A powerful way to neutralize and shift these beliefs is through techniques like EFT tapping, paired with journaling.

Take Practical Actions

Overcoming limiting beliefs about money requires more than just changing your mindset. It also involves taking practical actions to improve your financial situation. Get aligned with your goals and take steps to make wealth creation happen.

Don't let your family of origin or emotional triggers leave you stuck in a scarcity mindset.

Create a budget, seek out financial advice, and find ways to increase your income.

By combining self-awareness with practical actions, you can overcome your limiting beliefs and achieve financial success.

Links and references

  1. 101 Self-Limiting Beliefs Around Money: Unlock Your Money Blocks! by Steve G. Jones and Mike Pettigrew.
  2. Worthy: Boost Your Self-Worth to Grow Your Net Worth by Nancy Levin.
  3. Money Isn't The Problem, You Are by Gary M. Douglas and Dr. Dain Heer.
  4. You Can Become Rich: How To CRUSH Your Limiting Beliefs About Money, and Start Getting Now! by Felix Duyilemi.
  5. Mindset by Carol Dweck.
  6. Women & Money by Suze Orman.

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