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Are You Aware Of Your Limiting Beliefs About Money?

I’m sure some of us would enjoy seeing an extra $500 a month in the bank account without additional effort. An extra $500 a month means $6,000 a year. Imagine what you could do with an extra $6,000.

There are also a few more that would love to take their first vacation in years. Perhaps you’d do something epic, such as taking a cooking class in Italy, running with the bulls in Spain, or climbing Mt. Kilimanjaro.

Some parents wish to buy a car for their sixteen year old or move to a better neighborhood with a school district to match.

And others want to be excited when the phone rings and mail is delivered. Screening your phone calls to avoid bill collectors and adding the newest “past due” notice to the growing pile of paper threats does get old. Trust me, I know this one too well.

We all want more money to do the things we love and live the life we deserve. By identifying and releasing the limiting beliefs around money, having more money is not just possible. It’s easier than you think.

Traditional finance advice still applies as spending less while saving more is the way to go. However, removing the limiting money beliefs makes the advice extremely effective.

Effective means, you’ll feel at ease as you manage your money. Saving money becomes fun. The excitement of making money increases. Your confidence soars. Most important, your quality of life improves.

I’ve listed some of the more popular money beliefs to help you on your journey. These beliefs are grouped by an influence that creates the belief or makes the belief stronger. See how many of these apply to you.

Popular Culture

These beliefs have been on radio, television, t-shirts, books, posters, billboards, and more. Even the late Notorious B.I.G. made a popular song based on a money belief. Because these beliefs are very much mainstream, we don’t even question whether they are true.

  • Money is the root of all that is evil.

  • Money can’t buy happiness.

  • More money means more problems. (Mo’ money, Mo’ Problems – by The Notorious B.I.G.)

  • It takes money to make money.

  • Rich people are greedy.

  • You have to be lucky to be rich.

Peer Pressure

Whether you own a business or have helped someone grow theirs, you have heard at least one variation of the beliefs listed below. Unfortunately the “innocent” feedback (really it’s a projection of the other person’s fear) leaves a mark that influences the business owner or sales person to limit him or herself, financially.

  • Why is your service more expensive than the others?

  • I won’t pay for your service, so why do you think others will?

  • My brother loses sleep thinking about his business.

  • Business is hard. You should keep working for someone else.

Avoidance and Self-doubt

This type of money belief is common for those that went through an unpleasant financial experience or witnessed someone else’s financial misfortune. Fear is strongly associated with this belief, which means you don’t trust yourself with money or you give control to someone else.

  • I’m not good with money.

  • I’m a creative and therefore do not understand money.

  • My husband/wife/someone else handles the money.

  • What I do isn’t hard so why will someone pay me?

  • I have no idea what is in my bank account. Ask my accountant/bookkeeper.


These beliefs are similar to the avoidance and self-doubt category because the person gives up financial control. However, these beliefs tend to be sticky because the person does not realize he or she is giving up control. Often, the person with this belief wants to be accepted, and the justification masks that desire.

  • If my price is too high, no one will buy (from me).

  • I charge this price because it’s what the other competitors charge.

  • I’m a start-up so I expect my clients to pay late or not pay at all.

  • I have to lower my fees because people don’t have money in this economy.


Identifying your money beliefs is not an overnight process. It’s like peeling an onion. You remove the first layer and find there are other layers underneath. These layers represent years and years of collected beliefs from various experiences in your life.

It is, however, important to bring awareness to your money beliefs. Being aware puts an end to the subconscious financial sabotage that prevents you from all you desire.

Speaking of financial sabotage, the next article will discuss some common ways we sabotage ourselves because of our money beliefs.

If you’re curious, stay tuned.

And if you want start the path immediately, click on this link and sign up to receive 10 Steps to Creating a Healthy Money Mindset

Until then, cheers to your prosperity!

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