You feel like you’re just not getting it. You work hard, you pinch pennies, and yet, you’re not getting ahead. Or you’re telling yourself things like “I’ll be successful when…” or “If only I had the money I would…”
Yeah, been there done that. It sucks. It really sucks. Caught in this vicious cycle of endless struggling and thinking you’d never make it with your finances.
What I was doing was creating money blocks. And believe me when I say that everyone (yes, everyone) experiences these. And no matter how successful or well-off you are, different money blocks will come up.
Take me as an example. I went from being in credit card debt to saving about half my income in less than three years. And when I had opportunities to earn more, I resisted it. So much so that it took a few more years for me to finally realize that I had to get better at negotiating. Now that I’m my own boss, I still struggle with money blocks.
Like the saying goes, the first step to change is awareness. So take a look at some of the following money blocks and see if you exhibit any of them.
“I Don’t Deserve to be Financially Sound”
Yes, it’s a crazy thought. Why wouldn’t you want to stay ahead of the bills and stop living paycheck to paycheck?
But believe it or not, many of us are scared of success. It’s like we don’t deserve it for whatever reason. This can come in all sorts of excuses, like you don’t have the experience yet to apply for a higher paying job, or procrastinating on tasks that will give you more freelance income.
Some other excuses I’ve heard are justifying why certain industries don’t pay much and not negotiating charges on a credit card.
Other people are scared of success because they think that something bad might happen to them eventually. Think pride comes before a fall.
This one is one of the most common ones and affects people you think are already rich and successful. They just happen to come in the form of different internal conversations.
“Money is Evil”
I may be showing my age here, but anyone recall those 80s movies where all the rich businessmen are white males in suits? They’re all running around with cell phones and generally trying to make more, not caring who gets trampled along the way (Think “Wall Street” for an example. And no, not the sequel!).
The point here is that these people only got rich by being jerks. So by default, millionaires are evil, and so is money because having a lot of money means that you’re one of those jerks.
If you find yourself scoffing at making more money or feeling icky towards people who are affluent, you might be harboring this type of money block.
“I Don’t Have Enough”
Many people assume you have to have “a lot” of money in order to enjoy a lavish lifestyle. But what does that even mean?
People assume and feel like their dreams are far off reach, so they don’t try. Or somebody wants to quit their job to pursue their dreams but they don’t have “enough” to cover daily expenses.
This is what’s called a scarcity mindset. You’re so scared you will never have enough you might end up missing on some amazing experiences.
I personally dealt this for a year and a half debating whether I should quit my job to pursue freelancing, fearing I didn’t have enough of a financial cushion to fall back on.
“I Have to Work Hard to Make Money”
This is a big one folks. Many people think that they need to clock in a lot of hours in order to make more money. And if work sounds too “easy” for a certain amount of income, people get suspicious, or find some way to work more in order to justify the money they’re making.
Take me as an example. I had a very lucrative client who wanted to pay triple my usual rate to write a press release. I took more time than I usually did to research and get quotes. No kidding, when I added up the time it took, it was literally three times the usual time I took to get this type of work done!
This is a HUGE money block. Money does not equate time. It’s simply something you get in return for the value you give. But there are still many successful people who come across this in some form or another.
Please don’t fall victim to these money blocks. You deserve all the happiness in the world, seriously.
If you’d like a head start on generating a wealthy mindset, I invite you to take the quiz below to see if you have a good relationship with money
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