Mindset – The 7 Types of Money Beliefs

Your beliefs are filters through which you see the world. These filters determine what you perceive is and isn’t possible for you life. Money beliefs specifically influence the way that you perceive money; they are like patterns imprinted in your brain.

When you look out into the world, your mind attempts to match  “external reality” with these pre-existing patterns that is, your “internal reality”. You interpret what you see, hear, and feel in your interactions and experiences in a way that ensures that they fit within your money belief patterns. In other words, you construct your own truth based on your money belief patters.

Let’s take a look at the 7 types of money beliefs because your money beliefs are literally running your money show! They help or hinder you in achieving your financial goals.

  1. Am I worthy and deserving of money, wealth, and financial success?
  2. Is it wrong or evil to make money?
  3. Do I have the skills and abilities to become a millionaire?
  4. Am I smart enough to become rich?
  5. Is my past hindering me from becoming wealthy?
  6. Can I keep the money I make?
  7. Will making money turn me into a bad, greedy, or selfish person?

In order to determine your money beliefs you need to carefully go through and answer each of these questions. Any beliefs that are holding you back from financial success are negative money beliefs. If you want to make more money you need to learn how to recognize and change these negative beliefs.

For example, if you feel that it is wrong or evil to make money you may be suffering from a money-purpose wound. You likely fail to see the true purpose of money: to compensate someone in exchange for providing value via a product or service.

You may be tempted to give away your talents for free or at reduced costs instead of charging a fair price for them. This hurts your potential for financial success. It limits your revenue and your profits.

This is just an example of a negative money belief. There are numerous different kinds of negative money beliefs that can hurt your chances of financial success. Once you have identified these negative money beliefs you need to work to replace them with positive money beliefs if you want to make more money. You can do this by writing down these negative, limiting beliefs.

Write down what you are gaining from each belief and what it is costing you. Now, think of counter-examples that disprove this belief. Use people who you know personally or public figures whose lives or businesses prove that this belief is false.

The next step is to replace each negative, limiting belief with an empowering belief. Write down everything you will gain from this new, empowering belief and prove it to be true. Use examples from your own life and the lives of those around you.

The last step is to take action guided by these new positive, empowering beliefs. Once you take action that aligns with empowering, positive money beliefs you will put yourself on the path to financial abundance and success.

 

 

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