7 Limiting Money Beliefs Holding You Back

Limiting money beliefs hold you back more than you can ever realize. These beliefs are generally misguided and without basis. They hold you back from truly living the life of your desires. You push money away as soon as it enters your life. As a result, you decline any opportunities that would bring you an abundance of health, wealth, and relationships.

In other words, without realizing it you have put the Law of Attraction into motion! How you think about money brings more of the same.

As always, the key to changing your results is to change your thinking. Thinking leads to beliefs. Beliefs lead to emotions. Emotions ultimately lead to action, which produces results. So, you can say that if you don’t like your results, then you have to work on changing your thinking.

Of course, you have to first realize what some of your limiting money beliefs are in order to get to work changing them. In no particular order of importance, here are the 7 most common limiting money beliefs most people have.

You Are a Slave to Money

Other variants include:

  • Even though you are financially sound, you still find yourself working 60 hours a week.
  • You struggle to make ends meet.
  • You live from paycheck-to-paycheck. You’re only one or two paychecks from not making the bills and being broke.

Money serves you. You do not serve money. Get this relationship straight in your head.

Money exists for several purposes. It allows you to live comfortably. So, the more money you have the more comfortable you are able to live.

Another reason for money’s existence is in extending the good you are able to do in this world. Money is just a means by which we exchange value. In the past, people exchanged farm animals for bread or bread for cooper (barrels and casks). But you may not want my bread, and I may not want your cooper at this very moment. Money was invented as an intermediary to facilitate commerce. So, money is basically stored value.

Money itself has no extrinsic value. It is merely funny numbers, symbols, and pictures printed on pieces of paper. Because the majority of governments in the world are no longer on the gold standard, money is literally worthless. What makes money valuable is our faith in governments that guarantee that value. Nowadays, it simply exists as a number on a computer.

It represents a part of what we can provide to the world. Everyone you come into contact with on a daily basis automatically wants something. The more value you are able to provide, the more stored value you get in return. So, change your perception and limiting money beliefs from one of slaving for pieces of paper and numbers in a computer to one of working on your intrinsic values.

As for those of you making well north of six-figures but working 60 hours a week for the sixth month straight, I ask you this: Factor those extra 20 hours a week for the past six months. Divide this into your total salary and figure out your hourly compensation. Suddenly, it doesn’t seem so much does it? You are still a slave to money.

So, why are you killing yourself then?

Only you have the power to consciously design the life of your choice. Either learn to say “no” at work or change jobs.

Money Can’t Make You Happy

Other variants include:

  • I don’t need money to be happy.
  • The rich people are always unhappy, abusing drugs, and committing suicide. Why would I want to be like them?
  • I don’t want to or believe I deserve to be rich.

True, money can’t make you happy. But what about poverty does? Given a chance between being rich and miserable or happy and poor, I would choose the former. Money buys you time so that you can figure what makes you happy.

The difference between prosperity and poverty is habit. Successful people have made it a habit to do those things which increase their chances of success. It’s much like unsuccessful people chose to enforce the same habits that guarantee failure.

For instance, highly successful individuals tend to practice meditation, affirmations, visualizations, read, write, and exercise, especially in the mornings. They know the pace they set those first few hours determine how they will perform for the rest of the day.

The Filthy Rich

Other variants include:

  • That rich snob/bastard.
  • The rich are decadent and immortal
  • The rich do not believe in philanthropic endeavors.

For whatever reason, the majority of people assume the rich are evil. They believe the rich are so wealthy they are now above the law, able to engage in practices most people would find immoral or shocking.

Who can blame them for thinking like this? Turn on the news, and we hear about how the latest rich person is literally getting away with murder. Or at the very least, they get away without having to serve any prison time.

It’s no wonder many people become fed up. After all, the rich own corporations for which that majority is employed. These people’s lives are literally in the hands of a powerful and corrupt few.

But like anything else in life, it’s the few bad apples we hear about which influence our perception of the world. The truth of the matter is the majority of the highly successful and wealthy individuals worked hard for many years to get to where they are. Some have been abused as children or grew up in extreme poverty.

At the very least, it took them many years of heartfelt failure and setbacks to get to where they are today. Just like an iceberg, we only see the surface of success, with all its glory and goodness. We missed out on all the times this person almost gave up.

Entrepreneurship is a lonely journey. Many people spend years going at it alone, without a support system in place to provide encouragement, especially during the dark moments.

Many wealthy individuals also believe in giving back to society. They often contribute to philanthropic endeavors, helping because they genuinely care. So, please stop believing the garbage the Media feeds us and instead go look for the evidence yourself. Change this limiting money belief, or you will continue to push money away as soon as it enters your life. It’s the misplaced association of wanting to be good and moral with the perceived contradiction of money that causes this behavior.

Join a mastermind group or attend the seminars these highly-successful people hold in order to learn from them. Instead of rallying against them, join their ranks.

For if you keep resisting these faulty notions, then you will never become the person you need to become in order to fulfill your dreams. You will always be in a state of conflict, pushing away the potential good that enters your life.

Limting Money Beliefs

Money Is the Root of All Evil

Other variants include:

  • I want to do good.
  • It’s better to be righteous and poor than rich and obscene.
  • Money tore my family apart.

Thinking money is somehow evil harms us. Fundamentally, most people want to be and do good. To have money is to be bad. As such, they push money away, spending it as fast as they can in order to reach equilibrium with their beliefs. The presence of money causes cognitive dissonance. Most people will do whatever it takes to remove that incongruity as it causes great discomfort.

Money may have been a source of conflict for you growing up. You likely heard your parents lamenting that there never seems to be enough money. Even more cliche, they tell you money doesn’t grow on trees.

Perish these limiting money beliefs!

Money is printed on worthless pieces of paper. It only has value because the government guarantees that value. Furthermore, it’s our faith in the currency that gives it value. If you accept that money is here to serve you and extend the good you are able to do in this world, then money ceases to look evil. In fact, it starts to look pretty damned good!

He Stole His Wealth From the Poor

Other variants include:

  • The rich are nothing more than a bunch of crooks.
  • The rich can’t possibly be emphatic to the plight of the Poor.
  • It’s better to be honest and poor.

Again, turn on the News and we hear about how the latest faceless and monstrous corporation bilked hundreds of thousands of hardworking people out of their hard-earned money. This goes back to the limiting money belief of money’s inherent evilness.

This is as far away from the truth as it gets. Money is an extension and amplifier of your values.

If you have always provided great value to the world, then money naturally reflects this provided value. Likewise, money amplifies the evil, just like the drug lord who uses that money to build an army and start a war.

He Was Born With a Silver Spoon in His Mouth

Other variants include:

  • He was given his wealth.
  • He was born into money.
  • She got help because her family is rich.

What do you think of when you hear the name Arnold Schwarzenegger? Former governor? Actor? Body-builder? How about how he made his millions?

You might have thought he came from a rich family. That is as far away from the truth as it gets. Arnold was born into poverty in the small town of Thal, Austria. He recalls being very happy when the town (yes, town) got its first refrigerator.

They were mesmerized at how such a machine could generate cold air and create ice cubes. It would also surprise you to learn that Arnold did not make his first million from movies but from real estate investments. In fact, he made his first million ten years before he ever made his first movie.

Arnold scrimped and saved from his days of owning gyms in his home town of Thal. When he immigrated to the States, he started working as a brick layer. Later, he started investing in real estate. Each time, he took the money he made and reinvested in more real estate. By his late twenties, Arnold made his first million. Of course, this all took place in the 1980s, when a million is worth a whole lot more than it is today.

Likewise, it’s the same for many highly successful and wealth individuals. Just because one was given wealth does not necessary mean one will be able to keep that wealth. It might surprise you to learn that, on average, it takes three generations to lose the family’s wealth. The first generation who created it understands the value of hard work and cultivating the right mindset in order to maintain and even grow that wealth.

The second generation is often given that wealth and understands very little on how to actually maintain and create more wealth. By the time the third generation rolls around, much of the mindset necessary is already missing.

To change those limiting money beliefs, you have to get to work changing your internal thoughts. I can argue that if I were to give a poor man a million dollars, he would likely lose most of it within a decade. It’s the same phenomenon witnessed in lottery winners, movie stars, and athletes who come into sudden affluence. They typically lose that wealth within a decade.


I Work Hard for My Money

Other variants include:

  • You don’t really know how money works.
  • You don’t have to work as hard for money as you think you do.
  • I have everything I need. It’s wrong to want even more.

You only have so much time in the world. In fact, you have just as much time as the highly successful individual who makes six- or seven-figures every month. It’s just that they have developed the awareness to create vast amounts of wealth in a much shorter time and less effort.

You can do the same for yourself. Success starts by setting and progressively realizing goals, helping you grow. Jim Rohn said you are the average of the five people you spend the most time.

Examine your five and ask if this is where you want to be five years from now, or even just one year from now. Your five doesn’t necessarily have to be people you intimately know. It could be mentors or thought leaders. Absorb as much of their work as you possibly can.

In doing so, you bring yourself to their level of thinking. For example, during your commute instead to listening music or the mindless dribble called the News, listen to Podcasts or audio books of your favorite mentors. Take a little step each day towards changing your limiting money beliefs.

By learning from those trail blazers, you increase your awareness to what’s possible in the world.

Change Your Money Beliefs!

What do most of these limiting money beliefs have in common? They put the onus of responsibility somewhere else. In other words, they cater to the victim mentality.

If you want to start achieving greater success and seeing better results in your life, you have to escape from this mentality. Stop blaming the world for your problems and start doing what you can.

Successful people do not sit there and complain all day long. They look at the situation and ask themselves what is immediately within their control. What can they change?  This goes doubly well for the ones who experienced bad things in their lives, such as a terrible accident, miserable abuse, and near-death incidents.

They don’t sit there and complain about how unfair the world is. They do something about it. It’s the same with money. You can sit there and complain all day long about how evil money is or how much of a slave you are to money.

But what does that get you? What you continue to resist persists.

Instead, change the results you have been getting so far by changing your limiting money beliefs.


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