Gull Khan

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5 Limiting Beliefs Around Money That You Need to Get Rid Of

We all have limiting beliefs.

It’s that small voice inside your head that makes you question your decisions. 

It’s that bit of fear that holds you back when you’re trying something new to change things up for the better. 

Sometimes it’s obvious, sometimes you need to dig deep and uncover them. 

But one thing is for certain. These limiting beliefs stop you from living the life you want and deserve. 

So today I will share with you some limiting beliefs especially when it comes to money.

5 Limiting Beliefs You Need to Get Rid Of

 

Identifying limiting beliefs 

 

As they say, it takes a village to raise a child.  And as we grow as a person, we develop certain belief systems that affect how we view the world. 

Psychology Today defines beliefs as a reality-making blueprint. It influences our perceptions, our definitions of morals, shapes our characters, and affects the kind of relationships we choose to have. 

It can also define your direction, determine your health, identify your passions, and affects the course of actions you take in your life. 

Many of these beliefs are handed down from family, community, and culture. 

Limiting beliefs - community

As a part of the social construct, you are conditioned to abide by certain rules, attitudes, mindsets, and other ways of responding to situations and scenarios that happened before. 

While these belief systems may have worked in the past, some of them may not be as good for you today. 

Most of these belief systems have inaccuracies and biased points of view. 

Some may be unique to a particular group, geographic area, historical period, or religious beliefs. 

Other beliefs may have come from traumatic events. These experience can have such a huge emotional impact that may be difficult to fully feel and release. 

These unprocessed emotional residues can remain in the body as somatic memories. It makes the experience so intense that the body often ‘relives’ the experience. 

This often results in emotional stress, energy blocks, and physical tensions that we feel in our mind and body. 

These traumas and experiences can be passed on from one generation to the next, establishing a behavior pattern that can be difficult to get rid of. 

Limiting beliefs also exists when it comes to our money mindset. 

There are tons of money mindsets from our parents, friends, and communities that might have sneaked its way into your belief systems. The irony is, we might not even be aware that we have them. 

 

5 Common Self-Limiting Beliefs You Might Not Know You Have 

 

As a money mindset expert, my goal is to help entrepreneurs break free from their limiting beliefs, reverse their money shame, and blast through their money blocks.  

And in my years of speaking with entrepreneurs, I’ve noticed that most of them are not fully aware of the self-limiting beliefs they have. 

Here is a list of limiting beliefs about money that they shared with me. 

 

I just don’t have the time 

Limiting beliefs - Too little time

This is the most common limiting belief we all have. We just don’t have the time. 

Ask anyone if he wants to be rich, and I’m sure you’ll get a 100% yes. But if you tell people what is required to get there, you’ll surely hear a different thing. 

Do you ever wonder how amazing people like Beyonce, Oprah, and Jeff Bezos achieve success? 

It’s because they make time to learn, to fail, to dream, and to take action. 

Time is the greatest equalizer. All of us only get 24 hours in a day. 

Successful people get to where they are because they choose to spend their time wisely. 

The question is, how do you spend yours?

 

I’m not that good at anything

 

Do you feel like everyone has a special thing, but you don’t? 

Like how this one person can be a wiz in the kitchen, or how your friend is so good at singing. Or how your rich friend seems to have the golden touch. 

You might think it’s something they were born with. Or they just had all the support they needed. Or because they got a head start in life. 

Let me break it to you, my lovely. Do you know why they’re so good at what they do? 

These “experts” were also once beginners. And they’re good at what they do is because of the time and patience they dedicated to their craft. 

They were willing to fail and do it all over again. Being bad at something didn’t stop them from wanting to pursue it. 

Instead, they focus on improving on what they can until they’re happy with the results.

So be a little kinder to yourself and start thinking of how you can be better in time. 

 

I don’t want to be greedy.

Limiting beliefs - money and greed

There’s a common notion that wanting money equates to being greedy. 

For so long, we’ve been taught that abundance is like a pie. Everyone is entitled to his share, but wanting more of it means less for others.  

This mindset has caused so many to want less than they deserve. Truth is, abundance is never-ending. There is more than enough for everyone. 

Wanting money means creating opportunities for yourself. And the more opportunities you create, the more you can help others also attain abundance. 

 

I’m too old to try something new and/or be successful.

 

Most people think that opportunities come when you’re young. But you know what, most millionaires and successful people took a while to hit their mark. 

I believe age is nothing but a number. What matters is how you feel and how you’re growing as you age. 

Starting a business when you’re older doesn’t make it easier. Instead, you are tons wiser and more mature, especially when dealing with the challenges of running a business. 

Check out the infographic below to see what I mean. 

Limiting belief - I'm too old

 

Being successful/having money changes people.

 

In my experience, money is like a magnifying glass. It doesn’t change who you are. Instead, it magnifies who you are. 

If you are good-natured, kind, and giving, then you will become more generous when you get to your goals. 

The same thing goes for the people you’re with. 

Don’t worry about people telling you you’ve changed because of your success. The right circle will be truly happy for you and cheer you on. 

 

Tips on Releasing Limiting Beliefs 

 

Releasing limiting beliefs takes consistency and patience. It also takes courage to acknowledge and accept them. 

The first thing you need to do is to discover the limiting beliefs that hold you back. For this, you would need to write it down to put it into a physical form. 

Next, you need to acknowledge that these limiting beliefs are just that: beliefs. It’s not an absolute truth. The good thing is, you can still change these beliefs to ones that are more favorable for you. 

The key is to analyze yourself and your past to know and understand why you hold these beliefs. 

Here are some questions you can ask yourself. 

  • How true is this belief for you? 
  • Has it stopped you from becoming a better version of yourself?
  • Why do you hold this belief? Was it told to you in childhood or spoken to you by an influential person in your life?
  • What are the valid reasons you must challenge these beliefs? 
  • How can you reframe your belief and turn it into a more positive one?

 

Once you have answered these questions, you will realize the huge impact of these belief systems in your life. 

It also helps you reflect on your potential and makes you realize how much of these are actually holding you back. 

Taking action and committing to it can help solidify your new belief systems. This will also lead you to a better, more abundant life. 

Read more about manifestation here.

Conclusion

 

Everyone has limiting beliefs about money and life. And unknowingly, these beliefs may just be the reason why you’re not progressing as far and as fast as you want. 

By recognizing these common self-limiting beliefs and accepting them, you are preparing yourself for the change you need. 

You are also unblocking the stream of abundance that you so much deserve. 

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