Toxic money beliefs you didn't know you had.

Photo by  STIL  on  Unsplash

Photo by STIL on Unsplash

Sometimes the gap between where we are financially and where we would like to be seems enormous and we begin to doubt that we can ever change it.

When this happens we have several options. Some people abandon their financial goal at this stage, or at the very least reduce it. They tell themselves that it was unrealistic and that they were crazy for ever thinking it was possible.

Other people will close the gap by being over-optimistic or vague about their current situation. Both of these responses close the gap but they also close down the possibility of making a real change.

Financially successful people are able to sit with that gap, seeing it as a source of energy and motivation. They aren’t in denial about their current position or what's required to reach the goal. Instead of depressing them, it inspires them.

So how can you make it easier to “mind the gap”?

In the gap between where we currently are and our financial goal, we encounter our beliefs about money. We inherit most of these from our parents subconsciously before the age of 6. These are so deep seated we can end up believing they are true.

I remember hearing a woman talking about money on a course I was taking. She said, “Making money is easy, it’s holding on to it that’s difficult.” That stunned me. I realised that I believed making money was hard work. I could make plenty, so long as I worked really hard.

A good financial goal challenges our beliefs about money.

“It’s not what the vision is, it’s what the vision does.” Robert Fritz

A strong financial goal provides us with an opportunity to overcome limitations. This includes any unhelpful beliefs we might have about money.

Try this simple exercise to clear out your beliefs.

Imagine walking down a street and seeing Money sitting on a wall, swinging it’s legs looking fed-up (think Humpty Dumpty and substitute a £50 note for the egg!). “What’s up?” you ask. “Oh, I’m just waiting for someone to play with,” Money replies. Then you realise that Money is sitting on the wall of a playground, full of groups of people, all playing different games.

“But there are loads of people for you to play with,” you say. “Well, it’s not that easy,”
Money replies.“You see that group over there think I’m dirty so I can’t play with them. That group over there think I make people unhappy, so they won’t play. I can only play with men in that group and if I try to play with that group over there they lock me up and I never get away.”

“There’s a group over there who are fun for a while but then the other people make them feel so guilty, they usually send me away and as for that group, they just wear me out so fast, I can’t keep up with them.”

"There must be someone,” you say. Then suddenly Money jumps off the wall. “Sorry, got to dash. That group over there have decided they have worked hard enough so they will play with me for a while.” At which point Money runs off to play. 

If money were one of your friends what kind of friendship would you have? How much attention do you pay her? Do you spend time together or do you find her a bit of a nuisance and wish you really didn’t have to bother with her? Maybe, you just find her elusive, demanding or a complete mystery.

Money would really like some more people to play with. 

Are you ready to re-connect with money? Our Smart Money Management System will help you reconnect with money, clear out any beliefs that are holding you back and give you the tools you need to plan your money for a whole year.