The #1 factor that will determine your financial success in business and in life is your mindset towards money. Your attitude towards money actively creates your financial reality. And the most influential part of your mindset are the beliefs you hold true.
Unfortunately, most of our beliefs operate on a subconscious level, and as Dr. Bruce Lipton, an American biologist, so beautifully puts it, “Most people don’t even acknowledge that their subconscious mind is at play when the fact is that the subconscious mind is a million times more powerful than the conscious mind and that we operate 95 to 99 percent of our lives from subconscious programs…
Your subconscious beliefs are working either for you or against you, but the truth is that you are not controlling your life because your subconscious mind supersedes all conscious control. So when you are trying to heal from a conscious level–citing affirmations and telling yourself you’re healthy–there may be an invisible subconscious program that’s sabotaging you.”
So, which of your subconscious beliefs are sabotaging you?
First, you need to understand your own beliefs about money. Try this exercise: Get a pen and a piece of paper and answer this question, “What thoughts do I have around my ability/decision to make more money?” write out all of your thoughts and preconceived notions pertaining to money and earning money. Once you have a better understanding of the thoughts swimming around in your head, you’ll be able to tackle the negative ones one by one.
Here are some common negative thoughts about money:
“Money is the root of all evil.”
Unfortunately, this is a pretty common belief, and it’s not completely unfounded. It’s become a classic cliche—faceless, heartless, and soulless corporations conspiring against their employees and consumers just to make a quick buck. So by association, the people who run these corporations must be evil due to their greed for money. While there are some real-life examples of this, most of the time, money is not the root of evil, but it can be used for evil.
As Andrew Fiala, the Chair of the Department of Philosophy at California State University puts it, “Evil results when we do things for the sake of money. It is wrong to exchange intrinsic values for the instrumental value of cash.” Money is just a neutral channel that follows along with how you use it. It is your responsibility to use it wisely.
Try replacing your negative thought with, “Money is neutral and a resource to do good in my life.”
“Money is supposed to be spent.”
This belief comes from the lack of understanding that in order to create financial success, you have to save a large sum of your money. If you spend all the money you earn, as opposed to saving and investing it, you will never create your ideal financial situation. Try replacing this thought with, “Money I don’t spend will increase my wealth.”
“Money is a limited resource, and I don’t deserve financial abundance.”
If you grew up less financially fortunate than others, you may be stuck in the “scarcity mindset,” which is simply the belief that abundance (in money, food, good fortune, etc) is only available to other people, and there is never enough left over for you. This negative mindset contributes to a lack of success in all aspects of your life. Destroy the idea that only certain people are deserving of success! Try replacing your negative thought with, “There is enough money to create financial abundance, and I deserve whatever good fortune the universe has in store for me.”
Committing to replacing your negative perceptions about money with positive ones will change your luck in finances forever!