11 money mindset myths that keep you from attracting wealth and success

11 money mindset myths that keep you from attracting wealth and success

Sharing is caring!

So, you want to improve your financial situation, but so far you’ve gotten nowhere. For some reason, money keeps eluding you. Could it be that your negative mindset is getting in your way?

Do you often find yourself coming up with excuses like

…I don’t have enough time to earn more money

…I hate money. Money is the root of all evil

…I don’t want to take any risks

…I’d love to have more money, but I am an honest man

… some people are doing far worse than me. I am actually pretty lucky.

…I don’t need more money. I am not starving or living in the streets

…and so on many more countless excuses.

If your best friend asked you for some relationship advice and described his relationship using the above lines, you’d think he is about to break up with his partner.

The problem is that your relationship with money isn’t like your ordinary romantic relationship. It’s more like your relationship with your mom and dad. You can’t simply go out and find a better dad. And if you do try to shun money, you will have a pretty hard time finding a replacement.

You can’t just pay the gas bill of your car with cheese and a couple of steaks. You have to sit down and figure a way to make your relationship with money work.

You have to change the tone of your relationship with money from worried to loving.

If you still wonder what the problem is, here are 11 common myths about money that might be holding you back.

Money is the root of all evil

This is a popular quote from the Bible and actually reads

the love of money is the root of evil.

The Bible

I am pretty convinced they mean something like being overly greedy and obsessed.

Money is neutral. It comes to both good and evil people alike. It can be used for building schools, hospitals, shelters, and homes for the poor.

Yes, it can also be used for evil things, like stopping climate change regulations and funding wars.

Money is neutral, though. It’s not the root of all evil.

Money can’t buy happiness

Depends on who you are asking. Yes, if you live a lonely life, surrounded only by material things, you will probably feel pretty miserable.

How about autonomy? Independence? The joy of surprising your loved one with the perfect gift? How are you going to do that without money?

Paper bills won’t make you happy. But surprising your spouse with an all-expenses-paid vacation to Costa Rica? That will surely make you happy.

The only way to make more money is to take it from someone else

If this was true, it wouldn’t be possible for our GDP to increase. The truth is that we have a lot more wealth than we had 100 years ago.

Money is the byproduct of value or perceived value.

A penny saved is a penny earned

Piggybank photo

Sure, if your annual interest rates are something like 20%… Then yes, you are right. In all other cases, it’s best to keep your money busy, working for you. Guess which is better – hoarding your wealth, or trying to grow it?

Money is hard to come by

Really? Do you believe this? Way too many people do believe it and make it their self-fulfilling prophecy. This belief blocks them from exploring more ways to earn money and in the end, becomes their truth.

You have to take big risks to earn a lot

In today’s economy, it’s much riskier to rely on your employer for your well being than it is to become financially educated and to invest your money wisely. It’s also risky to put your money in the bank and collect interest that barely covers inflation.

Robert Kiyosaki, author of “Rich Dad, Poor Dad

Very well said.

Having too much money makes you greedy

Says who? The people who don’t have any because they lack basic financial skills?

Tech millionaires such as Bill Gates and Warren Buffet invest in charity a lot more than your overly negative neighbor who is simply sour about money.

Greed and money don’t always go together.

I don’t have time to make more money

Nice one. You have time for everything. It’s just the way you manage it. If you want it, you will make more time for earning money.

No one in my field of work earns a lot of money

Consider this… If you open a cheese shop in a vegan neighborhood, you will probably have a hard time selling any… But if you go somewhere people really appreciate milk, you will make a killing… There are buyers for everything.

I don’t know how to make more money… I don’t even know where to start

Today information is abundant. You can easily start Googling for “How to make more money” and you will find the information you are looking for.

Does any of this resonate? Post in the comments what you think and how you feel about money.