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Do you know that so many financial experts have said that negative thoughts about money can lead to a poor financial lifestyle? Do you know why? I’ll tell you. It’s because the biggest hindrance to your financial success is your negative thoughts about money. Or better still, your negative money mindsets.
It’s so powerful that I refer to it as the invisible cause of poverty. It’s a part of you but you don’t know it and that’s why I called it invincible. In the next heading, I’m going to give you a proven test to see if you have negative money mindsets.
How to Know if You Have Negative Thoughts about Money
Let’s engage in a simple test. I want you to take the next few minutes of your time to states the reasons you are not yet in the financial position of your dream? Don’t worry, we have time, there’s no rush.
I’m guessing by now you would have come up with genuine reasons?
Let me guess some of those reasons…Credit card debts? Children? You can’t find anywhere to get a loan? Family or friends are not assisting you? You are not as privileged as others? State of the economy? Unemployment?
whichever reasons you have, I sympathized with you because I know that things can be hard. But let me tell you the truth, the fact that you have any reason not to be rich means you have a reason to stay
broke.
Every reason stated on why you cannot be rich is equivalent to reasons why you would remain poor.
In other words, if you said that you are not rich because of x, y, z reasons, then you are actually saying that you will remain poor because of the same reasons.
Those reasons you gave are not merely excuses but they are what is limiting your financial success.
This is what we call negative money mindsets or negative thoughts about money.
Are you enjoying the discussion so far? I bet you are. Well, fasten your seat belts because we’re just getting started.
What is a Negative Money Mindset?
Negative money mindsets are those perceptions you have about money that consciously or subconsciously prevents you from having it, or having a lot of it.
Surprisingly, these thoughts are sayings that we used in our everyday life that seems harmless, but truth is, it is those thoughts that have you trapped in financial predicaments.
In the next part of this article, we are going to look at six (6) negative thoughts about money keeping you down.
6 Key Negative Money Mindsets Keeping You Broke
1. You Believe that You need Money to Make Money
Why haven’t you launched that business idea you talk about a long time ago? Because you don’t have the capital, right?
Let me be honest with you, I’ve been a business mentor for so many years, and I can tell you that you don’t need money to make money. This mindset has held so many people back. I can’t think of anything worse.
You don’t always need money to make money. The only reason why you think so is that you’re not a financial expert. What you need is a skill or business strategy.
If you have a skill, you can offer it to earn money. If you employ good business strategies like digital marketing, you can build a fortune without a dime.
2. You Believe that Money is Not that Important
“Money is the root of all evil”. “Life should not be spent pursuing money”. I know that quotes like this sound pleasing to so many people, but you wouldn’t be thinking the same when you have an emergency life-threatening sickness that needs a lot of money to solve. Or when you need to get the best education for your kids or help a loved one who is in dire need of assistance.
You condemn money and refused to make it. Then you suddenly begin to feel depressed when the bills are piling up, or when you cannot get the good things of life that you need.
Granted, money can make people do evil things but also, money can do a lot of good things. It depends on the individual, not the money.
Remove these negative thoughts about money, and see yourself experience financial freedom.
3. You Believe Other People is Better Off Because of X, Y, Z Reasons
Deep down one of the reasons you believe you are not rich is because you don’t have the privileges of others. Maybe it’s your skin color, gender, educational background, lack of sponsors, or disability that is making you think so.
The truth is, you might be right depending on what your reason is. There are actually people in a more privileged position to be rich than others. For example, the richest man in the world is going to give birth to his children in wealth, while the poorest man, in poverty. So it’s not fair to silence the voice of the poor kid when he says he never had a rich parent.
But the truth is, if you will ever want to liberate yourself from poverty, you have to stop thinking that way. It doesn’t matter if there’s truth in it, what matters is that those thoughts are destructive, and only going to limit you from using your potential. And this is what excuses do.
Instead of comparing yourself with privileged people, why not compare yourself with inspirational people that went through the same challenges as you, and became rich. Let them be your models. Let them be your inspiration. You can break the odds! I believe in you
4. You Believe You Can’t
Self-doubts is one of the stumbling blocks to not only becoming rich but becoming successful in other fields. You need to examine yourself for self-doubts and remove them. Ask yourself these questions. “Can I become rich in a year?” “Can I pay off all my credit card debts and mortgage” “Would I ever be able to afford a house in the next few years?
If doubts are sweeping in or if you are struggling to say yes then you doubt yourself.
There are a lot of things that can cause these doubts. It might be because people look down on you, or because the odds are against you, or simply because you’ve failed in the past before.
Whichever it is, just let it go. The truth is, you can do all things if you believe. The only thing that is needed is your belief. Do you believe you can make a financial target for the next 6 months and hit it?
Say Yes! You can do all things if you believe. For the records, those words are the words of Jesus.
5. You Believe it’s too Late to Start
For honest reasons, so many of you, even though you get financial knowledge or opportunities, believe it’s too late to start because of the many mistakes you’ve made in the past. You don’t see how you can recover.
“The debts are too much now and even if you start making a reasonable amount today, it would take years to pay them off. You have a child now, and so you can’t be able to become rich now” “You’ve made poor investment choices in the past” You’ve missed out on an investment that later became big, and you don’t think such an opportunity would ever come again.”
Whatever choices you think you have made in the past that make you believe that you cannot become rich again, is a lie. It is true to some extent but it is a lie as well.
I’ve known people in the past that made many money mistakes and never recover. I also know people that made many money mistakes that would later recover.
The question is, which one do you want to be? Which one of those lists do you want to fall in? The widely celebrated Warren Buffett and Steve Jobs failed miserably but bounce back stronger.
You can do it. The journey of a thousand miles begins with a step. Take that step today, and begin walking towards your desired financial pinnacle.
6. You Believe it’s too hard to Save, you keep Spending the Money.
Is it difficult for you to save? If your answer is yes, then I’ll like to let you know that it isn’t just you but so many people. People that usually know how to save were thought so from a very young age but regardless, even that can change when they grow up because of the constant temptation to spend money.
This is why you can’t depend on saving on your own or saving the money with yourself. Get a savings bank account for saving.
I’ve written articles in the past about how you can save money on a tight budget. Check them out in case you miss them:
Steps to Change Your Negative Thoughts about Money
Now that we’ve talked about those negative thoughts about money that are limiting you, let’s now discuss the steps to take in other to change your negative money mindsets.
STEP 1: Be Humble, and Have a Teachable Spirit
I know that you might not feel the need for anyone to teach you anything. You might think you’ve known it all and instead of people teaching you, they should just give you money because that’s all you need?
No one knows it all, and there should be no pride or shame in learning. Seek counsel, read reputable books on finances, visit seminars, learn new and different money opportunities. In just a short time, you’ll begin to see the results of this.
STEP 2: Work on Your Negative Money Mindsets
There will be no point in discussing the steps to change your money mindsets if you haven’t worked on your negative thoughts about money. Go through the articles over and over again till you are very aware of those thoughts. Then begin to eradicate it from your everyday life.
STEP 3: Follow People, Friends, and Groups with Healthy Financial
Mindsets
A leave does not fall far away from its branches. Your negative thoughts of money didn’t fall from outer space, neither were you born with it. It’s a result of what you have been fed by your close ones, society, and environment.
So, it’s time you begin to do a “facelift” and change the friends and things that are not helpful to you attaining a positive money mindset.
STEP 4: Get a Financial Mentor
If you want to break away from your negative mindsets towards money, then the fastest way is to get a good, and reputable financial mentor.
I’m guessing that you are thinking of the cost of hiring one but you don’t need to hire anybody. We live in a digital age where they are so much information online that is available to use for free.
An example is this amazing piece of article you are reading.
You can go on YouTube, and you’ll find a handful of financial mentors to follow. They are many more desperate ones who are not experts but just regulars, pretending to be experts. Avoid them! That’s why I said you should follow a reputable financial mentor.
STEP 5: Be Grateful, Avoid Negative Energy and Confess Good things
I know that those financial predicaments are capable of making you depressed, anxious, and even making bad and reckless decisions.
But you have to avoid negative emotions as much as possible. Because it’s not good for your health, for those around you, and your financial goals.
Quit worrying, and quit the depression. Cheer up! You can do it.
Closing Remarks
I’m happy to have said and taught so much today. I’m rooting for your success as always.
Also, there is another amazing publication like this one. It’s free and would make you understand what Money Mindset means, and help you unleash the power you need to create your financial empire.
Check it out below:
